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maintained without interruption from date of commencement of the Work until date of <br /> final payment and termination of any coverage required to be maintained after final <br /> payment. <br /> § 7. 1 .3 Certificates of Insurance acceptable to the Owner shall be delivered to the <br /> Owner immediately after execution of this Part 2 Agreement. These Certificates and the <br /> insurance policies required by this Section 7 . 1 shall contain a provision that coverages <br /> afforded under the policies will not be canceled or allowed to expire until at least 30 <br /> days ' prior written notice has been given to the Owner. If any of the foregoing insurance <br /> coverages are required to remain in force after final payment, an additional certificate <br /> evidencing continuation of such coverage shall be submitted with the application for <br /> final payment. Information concerning reduction of coverage shall be furnished by the <br /> Design/Builder with reasonable promptness in accordance with the Design/Builder's <br /> information and belief. <br /> 72 OWNER' S 1 IAQII ITV u.1c11RANGE <br /> § 7- 2- 1 The Qw sing and maintaining the Owner's <br /> Rt <br /> CentFart 94)A. IM ability insuraRGe unless speGifiGally4equ#e44y-the <br /> § 7.3 PROPERTY INSURANCE <br /> § 7. 3. 1 Unless otherwise provided under this Part 2 Agreement, the Owner shall <br /> tease aad maintain , <br /> , property insurance <br /> upon the Work to the full insurable value thereof on a replacement cost basis w+the, I <br /> optional dedUGti . Such property insurance shall be maintained , unless otherwise <br /> provided in the Contract Documents or otherwise agreed in writing by all persons and <br /> entities who are beneficiaries of such insurance , until final payment has been made or <br /> until no person or entity other than the Owner has an insurable interest in the property <br /> required by this Section 7 . 3 to be insured , whichever is earlier. This insurance shall <br /> include interests of the Owner, the Design/Builder, and their respective contractors and <br /> subcontractors in the Work . <br /> § 7.3. 2 Property insurance shall be on an all-risk policy form and shall insure against the <br /> perils of fire and extended coverage and physical loss or damage including , without <br /> duplication of coverage , theft , vandalism , malicious mischief, collapse , falsework , <br /> temporary buildings and debris removal including demolition occasioned by <br /> enforcement of any applicable legal requirements , and shall cover reasonable <br /> compensation for the services and expenses of the Design/Builder's Architect and other <br /> professionals required as a result of such insured loss . Coverage for other perils shall <br /> not be required unless otherwise provided in the Contract Documents . <br /> § 7.3. 3 If the Owner does not intend to purchase such property insurance required by <br /> this Part 2 Agreement and with all of the coverages in the amount described above , the <br /> 12 <br />