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HomeMy WebLinkAbout2026-2027NPIPCoverageAgreement-OlympicHousingTrust2026-2027 NPIP Coverage Agreement Common Declarations Page 1 NON PROFIT INSURANCE PROGRAM COVERAGE AGREEMENT COMMON DECLARATIONS Coverage Number: NPIP2627-53594 Issue Date: 08/28/2026 Item 1.Covered Member and Mailing Address: Olympic Housing Trust PO Box 1537 Port Townsend WA 98368 Item 2.Coverage Period: 06/01/2026 to 06/01/2027 at 12:01 A.M. at your mailing address shown above. IN RETURN FOR THE PAYMENT OF THE PREMIUM, AND SUBJECT TO ALL THE TERMS OF THIS NPIP COVERAGE AGREEMENT, HEREIN AFTER REFERRED TO AS THE “COVERAGE AGREEMENT” WE AGREE WITH YOU TO PROVIDE COVERAGE AS STATED IN THIS COVERAGE AGREEMENT. Notice: The following coverages are provided by the Non Profit Insurance Program, a Joint Self- Insurance program authorized by RCW 48.180, to its members in exchange for the consideration set forth in the NPIP Membership Agreement and Bylaws. The Non Profit Insurance Program is not an insurance company, and this document is not an insurance policy. This Coverage Agreement is a negotiated agreement amongst the Group Members and none of the parties to the Coverage Agreement is entitled to rely on any contract interpretation principles which require interpretation of ambiguous language against the drafter of such Coverage Agreement. This Coverage Agreement shall be applied according to the principles of contract law, giving full effect to the intent of the Group Members of the Non Profit Insurance Program. Item 3. Total Premium Refer to your invoice for the 2026-2027 coverage term. Forms and Endorsements: See attached Schedule of Special Forms and Endorsements. Date: June 1, 2026 Authorized Representative: THESE DECLARATIONS, TOGETHER WITH THE ATTACHED COVERAGE FORMS AND ENDORSEMENTS, AND ANY FORMS AND ENDORSEMENTS WE MAY LATER ATTACH TO REFLECT CHANGES, MAKE UP AND COMPLETE THE NPIP COVERAGE AGREEMENT. 2026-2027 NPIP Coverage Agreement Schedule of Forms and Endorsements Page 2 NON PROFIT INSURANCE PROGRAM COVERAGE AGREEMENT SCHEDULE OF SPECIAL FORMS AND ENDORSEMENTS Effective date of this Schedule: 06/01/2026 Issue date: 08/28/2026 Attached to and forming part of Coverage #: NPIP2627-53594 Issued by: NON PROFIT INSURANCE PROGRAM Coverage Part / Form Name:Form Status: NPIP Coverage Agreement Common Declarations Included Schedule of Special Forms and Endorsements Included Property Coverage Part Declarations Included Crime Coverage Part Declarations Included General Liability Coverage Declarations Included Automobile Liability Coverage Declarations Included Wrongful Acts Liability Coverage Part Declarations Included Miscellaneous Professional Liability Coverage Part Declarations Included NPIP Coverage Agreement Common Conditions, Definitions and Exclusions Included Property Coverage Part (Includes the following endorsements): •Loss Payable Provisions Endorsement •Domestic Abuse Exclusion •Mortgagee Clause •Mortgage holder’s Conditions •Pollution Exclusion Amendment •Real and Personal Property Coverage Additional Terms, Conditions, and Definitions •Collapse Additional Coverage •Unmanned Aircraft – Covered Property Included Earthquake Coverage Endorsement (Property)Excluded Flood Coverage Endorsement (Property)Excluded Crime Coverage Part Included Liability Coverages (General Liability, Sexual Abuse Wrongful Acts, Automobile) Common Conditions, Definitions and Exclusions Included Defense Costs Outside the Limits (All Liabilities)Included General Liability Coverage Part (includes the following endorsements): •Garage Liability Coverage Endorsement •Stop Gap – Employer’s Liability – Washington Endorsement •Traumatic Events Response Coverage Endorsement •Additional Covered Party Endorsement (Designated person or Org.) •Waiver of Transfer of Rights Endorsement •Advertising Injury Exclusion •Law Enforcement Liability •Medical Expense Coverage •Failure to Supply Included Employee Benefits Liability Endorsement (Claims Made)Included Sexual Abuse Coverage Endorsement (Claims Made)Included 2026-2027 NPIP Coverage Agreement Schedule of Forms and Endorsements Page 3 Automobile Liability Coverage Part (includes the following endorsements): •Additional Covered Party Amendment – Designated Person or Org. •Additional Covered Party – Lessor of Automobiles •Automobile Liability Waiver of Transfer of Rights Endorsement •Automobile Medical Expenses •Bodily Injury to Employee •Hired Auto Damage Coverage Form Included Washington Underinsured Motorist Coverage Excluded Wrongful Act Liability Coverage Part Included Fiduciary Liability Endorsement Included Miscellaneous Professional Liability Coverage Part Included Outside Boards or Commissions Included Terrorism - Cap on Losses from Certified Acts of Terrorism Included Member Special Endorsement(s): None Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Property Declarations Page 4 COVERAGE AGREEMENT PROPERTY COVERAGE PART Item 1.NPIP Program Retention: Real and Personal Property Each Occurrence $500,000 Coverage Part Item 2.Limit of Coverage: Real and Personal Property Each Occurrence $150,000,000 Per all Members Coverage Part of the Group Combined Item 3.Sublimit of Coverage: The Sublimits of Coverage shown below are part of and not in addition to the Limit of Coverage shown above for the Real and Personal Property Coverage Part. These sublimits apply excess of the deductible per occurrence. Accounts Receivable $100,000 Per Member Additions, Alterations and Repairs N/A Business Income and Extra Expense $250,000 + scheduled per Member Computer Systems $1,000,000 Each Occurrence, Per Member Electronic Data and Media $250,000 Each Occurrence, Per Member Computer Systems and Electronic Data and Media $10,000,000 Annual Group Aggregate Contractors’ Equipment $100,000 Per Member Debris Removal Lesser of 20% or $500,000 Per Member Fine Arts $100,000 Per Member Newly Acquired or Constructed Property, Real and Personal Property $1,000,000 Per Member Ordinance or Law Undamaged Portion of Building 100% of value of damaged building Per Property Schedule Increased Costs of Construction Lesser of 25% of value of damaged building or $500,000 Per Member Costs of Demolition Lesser of 25% of value of damaged building or $500,000 Per Member Personal Property in Transit $100,000 Per Member Pollutant Clean Up and Removal $100,000 Annual Group Aggregate Property Off-Premises $250,000 Per Member Valuable Papers and Records including cost of research $100,000 Per Member Personal Property Owned by Employees – Per Employee $5,000 Personal Property Owned by Employees – Each Occurrence $50,000 Personal Property Owned by Employees – Annual Group Aggregate $250,000 Personal Property of Others – Per Person $5,000 Personal Property of Others – Each Occurrence $50,000 Personal Property of Others – Annual Group Aggregate $50,000 Fire Department Service Charge $25,000 Per Member Business Income and Extra Expense for Utility Service Interruption $250,000 Per Member Unnamed Locations $250,000 Per Member Unintentional Errors & Omissions $250,000 Per Member Artificial/Paved Surfaces $200,000 Per Member Sewer, Drain or Sump Back-up or Over Flow $25,000 Item 4.Additional Coverages/Endorsements: Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Property Declarations Page 5 Flood - Each Occurrence and Annual Aggregate Per Member Excluded Property located at the time of loss in any flood zone identified by FEMA as Zones A, AO, AH, A1 through 30, AE, A99, AR, AR/A1 through 30, AR/AE, AR/AO, AR/AH, AR/A, VO, V1 through 30, VE and V; or hold a similar high risk FEMA rating are excluded. Flood – Group Annual Aggregate $25,000,000 Earthquake – Each Occurrence and Annual Aggregate Per Member Excluded Earthquake – Group Annual Aggregate $25,000,000 Auto Physical Damage (except while in transit)$2,000,000 Auto Physical Damage (while in transit) Auto Physical Damage Group Annual Aggregate $300,000 $20,000,000 Margin Clause The most we will pay for Ultimate Net Loss in any one occurrence at a premises described in the Property Schedule on file with the Insurer is 125% of the values shown on such schedule on file with the Insurer for Real Property and Personal Property at such described premises. This margin clause does not apply to Increased Cost of Construction or Demolition Costs as provided under the Ordinance or Law Coverage Extension, Debris Removal Coverage Extension, Pollutant Clean Up and Removal and the Fire Department Service Charge Coverage Extension, all subject to the Real and Personal Property Coverage Part Limit of Coverage and other policy terms and conditions. Item 5.Deductibles: The deductibles below are in addition to the NPIP Program Retention listed above. Real and Personal Property (except Earthquake, Flood, and Auto Physical Damage for Scheduled Automobiles) Real and Personal Property Each Occurrence See Schedule Water Damage Each Occurrence See Schedule Miscellaneous Equipment Each Occurrence $500 Earthquake: Excluded Flood: Excluded Automobile Physical Damage (coverage scheduled by vehicle): Comprehensive and/or Collision See Schedule Rock Chip Repairs: $0 Broken windshield replacement See schedule (subject to APD deductible) Rental Vehicles: $500 Per Occurrence. Item 6.Participating Carriers: The following carriers participate in the designated portions of the NPIP Coverage Agreement. PROPERTY COVERAGE: (Limits listed below reflect the carrier’s respective participation in the Combined Group Limit, per Occurrence) Munich Reinsurance America, Inc.A+ XV (Non-Admitted)Primary $5M National Union Fire Insurance Co. of A XV (Admitted)Part of $5M excess $5M Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Property Declarations Page 6 Pittsburgh, PA. (Lexington) Canopius US Insurance, Inc A- XV (Non-Admitted)Part of $5M excess $5M Endurance American Specialty Insurance Company A+XV (Admitted)Part of $5M excess $5M Ironshore Indemnity Inc A XV (Admitted)Part of $20M excess $10M National Union Fire Insurance Co. of Pittsburgh, PA A XV (Admitted)Part of $20M excess $10M Westfield Specialty Insurance Company A XV (Non-Admitted)Part of $20M excess $10M Fidelis Insurance Bermuda Ltd. (London)A XV (Non-Admitted)Part of $20M excess $10M Certain Underwriters at Lloyds (Synd #3623)A+ XV (Non-Admitted)Part of $20M excess $10M Canopius US Insurance, Inc.A- XV (Non-Admitted)Part of $20M excess $10M Aspen Specialty Insurance Company A XV (Non-Admitted)Part of $20M excess $10M StarStone Specialty Insurance Company A XIII (Non-Admitted)Part of $65M excess $10M Arch Specialty Insurance Company A+ XV (Non-Admitted)Part of $45M excess $30M Axis Surplus Insurance Company A XV (Non-Admitted)Part of $45M excess $30M Fidelis Insurance Bermuda Ltd. (London)A XV (Non-Admitted)Part of $45M excess $30M Certain Underwriters at Lloyds (London QBE, KI, ARK) A+ XV (Non-Admitted)Part of $45M excess $30M Swiss Re Corporate Solutions America Insurance Corporation A+XV (Non-Admitted)Part of $45M excess $30M RSUI Indemnity Company A++ XV (Admitted)Part of $25M excess $75M Fidelis Insurance Bermuda Ltd. (London)A XV (Non-Admitted)Part of $25M excess $75M Starr Surplus Lines Insurance Company A XV (Non-Admitted)Part of $90M excess $10M Munich Reinsurance America, Inc.A+ XV (Non-Admitted)Part of $90M excess $10M MSIG Specialty Insurance USA Inc.A+ XV (Non-Admitted)Part of $50M excess $100M Liberty Surplus Insurance Group A XV (Non-Admitted)Terrorism Part of $100M EARTHQUAKE COVERAGE: (Limits listed below reflect the carrier’s respective participation in the Combined Group Aggregate Limit) Munich Earthquake Tower Option: $25,000,000 Combined Group Aggregate Munich Reinsurance America, Inc.A+ XV (Non-Admitted)Primary $5M National Union Fire Insurance Co. of Pittsburgh, PA. (Lexington) A XV (Admitted)Part of $5M excess $5M Canopius US Insurance, Inc A- XV (Non-Admitted)Part of $5M excess $5M Endurance American Specialty Insurance Company A+XV (Admitted)Part of $5M excess $5M Ironshore Indemnity Inc A XV (Admitted)Part of $15M excess $10M National Union Fire Insurance Co. of Pittsburgh, PA A XV (Admitted)Part of $15M excess $10M Westfield Specialty Insurance Company A XV (Non-Admitted)Part of $15M excess $10M Certain Underwriters at Lloyds (Synd #3623 A+ XV (Non-Admitted)Part of $15M excess $10M Fidelis Insurance Bermuda Ltd. (London)A XV (Non-Admitted)Part of $15M excess $10M Canopius US Insurance, Inc.A- XV (Non-Admitted)Part of $15M excess $10M Aspen Specialty Insurance Company A XV (Non-Admitted)Part of $15M excess $10M Bridge Specialty Earthquake Tower Option: $25,000,000 Combined Group Aggregate Mt. Hawley Insurance Company A++ XIV (Non-Admitted)Part of $25M Landmark American Insurance Company A++ XV (Non-Admitted)Part of $25M Arch Specialty Insurance Company A+ XV (Non-Admitted)Part of $25M Dellwood Specialty Insurance Company A- VIII (Non-Admitted)Part of $25M Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Crime Declarations Page 7 COVERAGE AGREEMENT CRIME COVERAGE PART Item 1. NPIP Program Retention: Crime Coverage Part Each Occurrence $500,000 Item 2. Limit of Coverage: Crime Coverage Part Each Occurrence/Member Agg $1,000,000 Crime Coverage Part Group Aggregate $5,000,000 Coverage for ERISA Plans is provided within the Crime Coverage Part. Please refer to the Coverage Agreement for all terms, conditions and exclusions related to ERISA coverage. Item 3. Sublimits of Coverage: The Sublimits of Coverage shown below are part of and not in addition to the Limit of Coverage shown above for the Crime Coverage Part. These sublimits apply excess of the deductible per occurrence. Employee Theft - Per Loss Coverage $1,000,000 Employee Theft - Per Employee Coverage Not Applicable Forgery or Alteration $1,000,000 Inside the Premises - Money and Securities $100,000 Inside the Premises – Robbery or Safe Burglary of Other $100,000 Property Outside the Premises - Money and Securities $100,000 Computer Fraud $100,000 Funds Transfer Fraud $100,000 Money Orders Counterfeit Paper Currency $100,000 Item 4.Deductibles: The NPIP Program Retention listed above is in addition to the deductibles listed below. Employee Theft - Per Loss Coverage $1,000 Each Occurrence Forgery or Alteration $1,000 Each Occurrence Inside the Premises - Money and Securities $1,000 Each Occurrence Inside the Premises – Robbery or Safe Burglary of Other Property $1,000 Each Occurrence Outside the Premises - Money and Securities $1,000 Each Occurrence Computer Fraud $1,000 Each Occurrence Funds Transfer Fraud $1,000 Each Occurrence Money Orders Counterfeit Paper Currency $1,000 Each Occurrence Item 5. Participating Carriers: Munich Reinsurance America, Inc. (A+ XV) Non-Admitted Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement General Liability Declarations Page 8 COVERAGE AGREEMENT GENERAL LIABILITY COVERAGE PART Item 1.NPIP Program Retention: General Liability Coverage Part Each Occurrence $500,000 Item 2.Limit of Coverage: General Liability Coverage Part Each Occurrence Per Member $5,000,000 General Liability Coverage Part Member Aggregate $10,000,000 Group Aggregate $50,000,000 Item 3.Sublimits of Coverage and Additional Coverages/Endorsements: The Sublimits of Coverage shown below are part of and not in addition to the Limit of Coverage shown above for the General Liability Coverage Part. These sublimits apply excess of the deductible per occurrence. General Liability Products & Completed Work Liability $5,000,000 Per Occurrence $10,000,000 Annual Aggregate Fire Damage Liability $1,000,000 Each Occurrence Per Member Other Than Fire Damage Liability $250,000 Each Occurrence Per Member Employee Benefits Liability (Claims-Made Form)$5,000,000 Each Claim Per Member Employee Benefits Liability (Claims-Made Form)$5,000,000 Member Aggregate Employer’s Liability $1,000,000 Each Occurrence Per Member Employer’s Liability $2,000,000 Member Aggregate $10,000,000 Group Aggregate Sexual Abuse (Claims-Made Form)$2,000,000 Per Claim Per Member Sexual Abuse (Claims-Made Form)$4,000,000 Member Aggregate $20,000,000 Group Aggregate Failure to Supply $250,000 Each Occurrence Per Member Garage Liability $1,000,000 Each Accident Per Member Medical Expenses – Each Person (Excludes Students) $5,000 Medical Expenses – Each Accident $25,000 Traumatic Event Response Coverage: Crisis Expense Sublimit $100,000 Crisis Property Improvements Sublimit Included in Crisis Expense Sublimit Traumatic Event Response Group Aggregate $250,000 Item 4.Retroactive Dates: Employee Benefits Liability – Primary $5,000,000 05/31/2012 Sexual Abuse Liability – Primary $2,000,000 05/31/2012 Item 5. Deductibles: NPIP Program Retention listed above is in addition to the deductibles below. General Liability $0 Per Occurrence Item 6. Participating Carriers: Munich Reinsurance America, Inc. (A+ XV)Non-Admitted Primary $5M per Occurrence Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement General Liability Declarations Page 9 $10M Member Aggregate $5M Member Aggregate EBL $50M Group Aggregate Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Automobile Liability Declarations Page 10 COVERAGE AGREEMENT AUTOMOBILE LIABILITY COVERAGE PART Item 1.NPIP Program Retention: Automobile Liability Coverage Part Each Accident $500,000 Item 2.Limit of Coverage Automobile Liability Coverage Part Each Accident Per Member $5,000,000 Automobile Liability Coverage Part Group Aggregate N/A Item 3.Sublimits of Coverage and Additional Coverages/Endorsements: The Sublimits of Coverage shown below are part of and not in addition to the Limit of Coverage shown above for the Automobile Liability Coverage Part. These sublimits apply excess of the deductible per occurrence. Automobile Liability Auto UM/UIM In states other than Washington, UIM limit will not exceed each state’s statutory minimum for UIM coverage Excluded Each Accident Garagekeepers Liability $1,000,000 Each Accident Per Member Hired Physical Damage $250,000 Each Accident Per Member Automobile Medical Expenses – Each Person (Excludes Students)$5,000 Each Accident Automobile Medical Expenses – Each Accident $25,000 Each Accident Non-Owned Automobile Liability $5,000,000 Each Accident Item 4. Deductibles: The deductibles below are in addition to the NPIP Program Retention listed above. Automobile Liability See Schedule Each Accident Uninsured/Underinsured Motorist Coverage Property Damage Each Accident EXCLUDED Bodily Injury Each Accident EXCLUDED In states other than Washington, UIM deductibles will not exceed each state’s statutory maximum for UIM coverage. Item 5. Participating Carriers: Munich Reinsurance America, Inc. (A+ XV)Non-Admitted Primary $5M per Occurrence Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Wrongful Acts Liability Declarations Page 11 COVERAGE AGREEMENT WRONGFUL ACTS LIABILITY COVERAGE PART Item 1.NPIP Program Retention: Wrongful Act Liability Coverage Part Each Wrongful Act $500,000 Item 2.Deductibles: NPIP Program Retention listed above is in addition to the deductibles below. Wrongful Act Liability Coverage Part Each Wrongful Act $1,000 Wage & Hour Law Defense Costs Each Incident $0 EEOC Defense Costs Each Incident $0 Item 3.Limit of Coverage: Claims-Made Form Wrongful Act Liability Coverage Part (Includes Directors & Officers) Each Wrongful Act Per Member $5,000,000 Wrongful Act Liability Coverage Part (Includes Directors & Officers) Member Aggregate $5,000,000 Group Aggregate $40,000,000 Item 4.Sublimits of Coverage and Additional Coverages/Endorsements: The Sublimits of Coverage shown below are part of and not in addition to the Limit of Coverage shown above for the Wrongful Act Liability Coverage Part. These sublimits apply excess of the deductible per occurrence. Fiduciary Liability $5,000,000 Each Wrongful Act and Member Aggregate Sexual Harassment $5,000,000 Each Wrongful Act and Member Aggregate Wage & Hour Law Defense $50,000 Each Incident and $500,000 Group Aggregate EEOC Defense Costs $25,000 Each Incident and $350,000 Group Aggregate Item 5.Retroactive Dates: Wrongful Acts Liability – Primary $5,000,000 06/01/1986 Sexual Harassment – Primary $5,000,000 05/31/2012 Fiduciary Liability – Primary $5,000,000 06/01/1986 Item 6. Participating Carriers Munich Reinsurance America, Inc. (A+ XV)Non-Admitted Primary $5M per Claim $5M Member Aggregate $40M Group Aggregate Pennsylvania Manufacturers’ Association Insurance Company (Old Republic) (A+ XV) Non-Admitted $5M excess $5M per Claim $5M Member Aggregate $10M Group Aggregate General Star Indemnity Company (A++ XV)Non-Admitted $5M excess $10M per Claim Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Miscellaneous Professional Liability Declarations Page 12 COVERAGE AGREEMENT MISCELLANEOUS PROFESSIONAL LIABILITY COVERAGE PART Item 1.NPIP Program Retention: Miscellaneous Professional Liability Coverage Part Each Wrongful Act $500,000 Item 2.Deductibles: NPIP Program Retention listed above is in addition to the deductibles below. Miscellaneous Professional Liability Each Wrongful Act $1,000 Item 3.Limit of Coverage: Claims-Made Form Miscellaneous Professional Liability Each Wrongful Act Per Member $5,000,000 Miscellaneous Professional Liability Member Aggregate $5,000,000 Group Aggregate $40,000,000 Item 4.Retroactive Dates: Miscellaneous Professional Liability – Primary $5,000,000 05/31/2012 Item 5. Participating Carriers: Munich Reinsurance America, Inc. (A+ XV)Non-Admitted Primary $5M per Claim $5M Member Aggregate $40M Group Aggregate Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Common Conditions, Definitions & Exclusions Page 13 NPIP COVERAGE AGREEMENT COMMON CONDITIONS, DEFINITIONS AND EXCLUSIONS Throughout this Coverage Agreement, the words “you” and “your” refer to the Covered Member. The words “we,” “us,” “our,” and “Company” refer to the Non-Profit Insurance Program (“NPIP”). Certain words and phrases that appear in bold print have special meaning. Those words or phrases specifically defined in each Coverage Part pertain only to that Coverage Part. 1.COMMON CONDITIONS All Coverage Parts included in this Coverage Agreement are subject to the following Common Conditions except as otherwise indicated: A.Appeal of Coverage Determination and Legal Action Against Us Any written determination made by the Administrator denying coverage to the Covered Member and/or persons requesting coverage (Tendering Party) shall be final, unless the procedures for appeal, provided hereafter, are followed by the Tendering Party. (a)Any Tendering Party who is aggrieved by the Administrator's written coverage determination may appeal the decision to the Board of Directors. The appeal must be initiated by the Tendering Party within thirty (30) days following receipt of the Administrator's written determination. If an appeal is not initiated within thirty (30) days, as provided herein, the Tendering Party shall be deemed to have waived any further right to appeal the decision of the Administrator. (b)An appeal is deemed initiated for purposes of this Article when the Tendering Party, or his, her, or its legal representative or service representative, serves a written Notice of Appeal upon the Administrator or upon the President of NPIP. The written Notice of Appeal shall include the following information: (1)The name of the Tendering Party initiating the appeal. (2)A brief statement identifying the subject of and basis for the appeal. A copy of the Administrator's written determination should be attached to the Notice of Appeal. (3)The signature of the Tendering Party initiating the appeal or the signature of the Tendering Party's legal representative. (c)Within thirty (30) days, or such time as is agreed, after an appeal has been initiated, a meeting of the Board of Directors shall be convened by the President of the Board of Directors to hear the appeal. Notice of the date set for hearing of the appeal by the Board of Directors shall be sent to the Tendering Party not later than fifteen (15) days prior to the date set for the hearing. The President of the Board of Directors shall have the authority to set hearing dates for the appeal and to grant continuances where good cause is shown. (d)The hearing by the Board of Directors may occur when a quorum, pursuant to Section 4.7, is present. Voting by the Board of Directors and the procedures for the meeting of the Board of Directors on the appeal hearing shall be as provided in Sections 4.8 and 4.9. However, members of the Board of Directors shall abstain from participating or voting in any appeals involving a Member with which they are affiliated. (e)The hearing of the Board of Directors on the appeal shall proceed as follows: (1)The President of the Board of Directors shall administer the hearing and make all necessary procedural rulings during the hearing. (2)The Tendering Party or his, her, or its legal representative, if any, shall begin the proceeding with an explanation of the basis for the appeal. The Tendering Party shall present to the Board of Directors all evidence, testimony, argument, and legal authority relevant to and in support of the appeal. Thereafter, the Administrator and/or Company's legal representative Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Common Conditions, Definitions & Exclusions Page 14 may present all evidence, testimony, argument, and legal authority relevant and in opposition to the Tendering Party's position. Each side shall be provided an opportunity to present rebuttal evidence and argument. (3)Following the presentation of evidence, testimony, argument, and legal authority, the Board of Directors may retire into executive session to discuss consideration of the appeal. Thereafter, the Board of Directors shall reconvene in public session to consider and vote on any motion made to decide the appeal. The Board of Directors may vote to uphold the decision of the Administrator or to modify or reverse the decision of the Administrator. The decision of the Board of Directors shall be reduced to writing and signed by the President of the Board of Directors and a copy thereof sent to the Tendering Party within seven (7) days following the final decision of the Board of Directors. (4)The President may adjourn and reconvene any hearing on an appeal as may be necessary to preserve a fair hearing. (f)A final decision of the Board of Directors denying the Tendering Party the full relief sought shall not preclude the appealing party from seeking judicial review of the Administrator's and/or the Board of Director’s coverage determination. However, no Tendering Party may maintain any legal action or suit against the corporation contesting a coverage denial unless the Tendering Party has first exhausted the appeal procedures provided herein. Exhaustion of these appeal procedures shall be a condition precedent to any legal action or suit by a Tendering Party with respect to a coverage determination. B.Audit of Books and Records We may audit your books and records at any time during the Coverage Period or within five years after the Coverage Period. There is no time limit on auditing your books and records with respect to Claims under this MOC. C.Cancellation / Nonrenewal Cancellation and nonrenewal of this Coverage Agreement by you or us is subject to the terms of the by-laws and membership documents. We may cancel this Coverage Agreement with 90 days notice or with 10 days notice in the event of non-payment of premium or non-compliance. Cancellation Notices to Members hereunder shall be sufficient if: via service representative, via email, or via mail, to the office of the last known address of the Member. This Coverage Agreement is subject to 25% minimum earned premium when cancelled outside of the terms of the membership agreement. D.Changes Notice to any agent or knowledge possessed by any agent or by any other person will not affect a waiver or a change in any part of this Coverage Agreement. This Coverage Agreement can only be changed by a written endorsement that becomes part of this Coverage Agreement. The endorsement must be signed by one of our authorized representatives. E.Conflicting State Law or Regulation In the event that provisions of this Coverage Agreement conflict with any state law or regulation, then such law or regulation shall prevail and this Coverage Agreement is amended to conform with such law or regulation. F.Inspection We have the right but are NOT obligated to inspect your premises and operations at any time. Our inspections are NOT safety inspections. They relate only to the insurability of the Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Common Conditions, Definitions & Exclusions Page 15 premises and operations and the premium to be charged. We may give you reports on the conditions we find. We may also recommend changes. While they may help reduce losses, we do NOT undertake the duty of any person or organization to provide for the health or safety of workers or the public. We do NOT warrant that the premises or operations are safe or healthful, or that they comply with laws, regulations, codes, or standards. G.Notice and Claims Handling 1.All notices or other communications which you and any Covered Party desires or are required to give under this coverage agreement shall be delivered, in writing, as stated below, or to such other address(es) as we may designate in writing in the future: Notice and Claims Correspondence: All notice required under this coverage agreement and all claims correspondence should be sent to: Claims Department Clear Risk Solutions 159 Basin Street SW PMB #206 Ephrata, WA 98823 Claims Handling: All claims will be handled by Clear Risk Solutions, Third Party Administrator to NPIP. No Claims Correspondence should be sent to the loss location. Claims Payments: All claims payments should be sent to: Clear Risk Solutions 159 Basin Street SW PMB #206 Ephrata, WA 98823 2.Any recoveries, salvages, or reimbursements applying to risks covered under this coverage agreement shall always be used to reimburse the excess carriers (from the last to the first, beginning with the carrier of the last excess), according to their participation, before being used in any way to reimburse the pool for its primary loss. H.Premium 1.The Covered Member shown in the Declarations: a.Is responsible for the payment of all premiums; and b.Will be the payee for any return premiums we pay. 2.We will compute all premiums for this Coverage Agreement in accordance with our rules and rates. 3.The Covered Member must keep records of the information needed for premium computation and send copies at such times as we may request. 4.Midterm changes will not be adjusted (additional or return premium) unless the change is $50.00 or more. I.Titles of Paragraphs The titles of the varied sections, paragraphs, and subparagraphs of this MOC and endorsements, if any, attached to this Coverage Agreement, are inserted solely for convenience or reference and NOT to be deemed in any way to limit or affect the provisions to which they relate. J.Transfer of Rights and Duties Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Common Conditions, Definitions & Exclusions Page 16 Your rights and duties under this Coverage Agreement may NOT be transferred without our written consent. 2.COMMON DEFINITIONS All Covered Parties included in this Coverage Agreement are subject to the following Common Definitions except as otherwise indicated. Defined terms are bolded throughout. A.Coverage Period: Means: The period of time stated in Item 2. of the Coverage Agreement Common Declarations. B.Covered Member: Means: The organization named in Item 1. of the Coverage Agreement Common Declarations. C.Deductible: Means: Your contribution to loss under all Coverage Parts including Defense Costs and claims expenses arising out of any one Accident, Occurrence, or Wrongful Act. This will be true regardless of: the number of persons or organizations who are Covered Parties under this Coverage Agreement; the number of claims made against any or all Covered Parties, or the number of persons or organizations making claims. If more than one coverage part applies to any one Accident, Occurrence, or Wrongful Act, only the highest Deductible will apply. The Deductible, which is in addition to the limit of coverage, includes Defense Costs and claims expenses. The Deductible does not have to be first satisfied before payment of a claim begins. D.Defense Costs: Means: Payments incurred by you or a Third-Party Administrator allocated to a specific Claim for defense, including: a.Attorney fees and all other litigation costs, including those attorneys retained by a Third-Party Administrator; b.The cost of bonds to appeal a judgment or award in any Claim we defend, but only for bond amounts within the applicable Limit of Coverage; we do not have to furnish these bonds; c.The cost of bonds to release attachments, but only for bond amounts within the applicable Limit of Coverage; we do not have to furnish these bonds; d.All reasonable expenses incurred by the Covered Party at our request to assist us in the investigation or defense of the Claim; e.Pre-Judgment Interest and Post-Judgment Interest as required by law on awards and judgments. Defense Costs do not include investigation and settlement costs unless preapproved by us. Defense Costs do not include salaries and administrative, office, or overhead expenses of our Third-Party Administrator, Employees, or your Employees. Payment to Covered Party shall be reduced by any recoveries or salvages which have been paid or will be collected. E.Group Means: All members of NPIP’s Membership Agreement. F.Group Aggregate Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Common Conditions, Definitions & Exclusions Page 17 Means: Any Group Aggregate amount shown in the Coverage Agreement fixes the most that we will pay in a coverage term for all Claims or Suits covered by the applicable part combined for all Group Members. G.Group Member Means: All Covered Parties defined by the Membership Agreement and By-Laws of NPIP, including the Covered Member named on this Coverage Agreement. H.Other Insurance Means: Insurance, or the funding of loss, that is provided by: •An insurance company; •A risk retention group; •Another risk pool; •A self-insurance method or program, other than any funded by the Covered Party; and/or •Any similar risk transfer or risk management method. 3.COMMON EXCLUSIONS The following exclusions apply to all coverage parts within and any coverage endorsed to this Coverage Agreement. A.Violation of Economic or Trade Sanctions We shall not provide any coverage, pay any Claim, or provide any benefit under this Coverage Agreement, to the extent that the provision of such coverage, payment of such claim, or provision of such benefit is a violation of any applicable trade or economic sanctions, embargo, laws or regulations, including but not limited to, those administered and enforced by the United States Treasury Department’s Office of Foreign Assets Control (OFAC). Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Property Coverage Part Page 18 REAL AND PERSONAL PROPERTY COVERAGE PART A.COVERAGE CLAUSE We will pay for direct physical loss of or damage to Covered Property caused by or resulting from any Covered Cause of Loss. Coverage provided is subject to the limits, sublimits, definitions, terms, conditions and exclusions listed in this Coverage Agreement. 1.COVERED CAUSES OF LOSS Covered Causes of Loss are RISKS OF DIRECT PHYSICAL LOSS OR DAMAGE, unless the loss or damage is excluded in Section B. Exclusions or in any endorsement attached to this Coverage Part modifying the exclusions. 2.COVERED PROPERTY Covered Property, as used in this Coverage Part, means the following types of property: a.Real Property at premises described in the Property Schedule. Real Property includes but is not limited to: (1)Buildings and structures; (2)Fixtures, including outdoor fixtures; (3)Permanently installed: (a)Machinery; and (b)Equipment; (4)Property owned by you that is used to maintain or service the building or structure or its premises, including: (a)Fire extinguishing equipment; (b)Floor coverings; and (c)Appliances used for refrigerating, ventilating, cooking, dishwashing or laundering; (5)Organs, bells, tower clocks, altars, tabernacles, pulpits, pews, baptismal fonts or baptisteries and similar structures, all whether permanently attached to a building or not. (6)Building glass, including stained glass which is not covered under the Fine Arts Coverage Extension. (7)Additions, alterations and repairs, including: (a)Completed additions and additions under construction; (b)Alterations and repairs to the building or structure; (c)Materials, equipment, supplies and temporary structures, at or within 1000 feet of the described premises, used for making additions, alterations or repairs to the building or structure. However, the most we will pay excess of the Deductible for such additions, alterations and repairs described in subparagraphs (7)(a),(b) and (c) above, for loss or damage caused by or resulting from a Covered Cause of Loss is the Sublimit shown in the Declarations for Additions, Alterations and Repairs. (8)Parking lots, fences and signs. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Property Coverage Part Page 19 b.Personal Property located in or on buildings or structures at premises described in the Property Schedule; or in the open (or in a vehicle) within 1000 feet of these premises. Personal Property is limited to the following: (1)Personal property owned by you and used in your business; (2)Leased personal property for which you have a contractual responsibility to insure, unless otherwise provided for under Personal Property Of Others Coverage Extension; (3)Your use interest as a tenant in improvements and betterments. Improvements and betterments are fixtures, alterations, installations or additions: (a)Made a part of the building or structure you occupy but do not own; and (b)You acquired or made at your own expense but cannot legally move. c.Your Personal Property in Transit consisting of the Personal Property described in b. above while in the following situations: (1)Personal Property in the due course of transit in or on any one vehicle owned, leased or operated by you; or (2)Personal Property in the custody of any carrier for hire. However, the most we will pay excess of the Deductible for such Personal Property described in Paragraph c. above for loss or damage caused by or resulting from a Covered Cause of Loss is the Sublimit shown in the Declarations for Personal Property In Transit. 3.PROPERTY NOT COVERED Covered Property does not include: a.Animals; b.Contraband, or property in the course of illegal transportation or trade; c.The cost of excavations, grading, backfilling or filling unless such cost is necessarily incurred in the repair or replacement of covered loss or damage to Covered Property below the surface of the ground; d.Land (including land on which the property is located), water, standing timber, growing crops and lawns; e.Bridges, roadways, guardrails, walks, patios, or other paved surfaces, dams, dikes, levees, reservoirs, culverts, bulkheads, pilings, piers, wharves or docks, except as provided in the Artificial or Paved Surfaces Coverage Extension; f.Mines (man-made and natural), mine shafts, caverns and any property within the mine, mine shaft or cavern; g.Retaining walls that are not part of or attached to a building or structure at premises described in the Property Schedule; h.Underground pipes, flues, wiring and drains; i.Power Supply Services, meaning the following types of property supplying electricity, steam or gas: utility generating plants; switching stations; substations; transformers and transmission lines (underground and overhead); j.Accounts, bills, currency, Money, notes, Securities, deeds, evidences of debt, bullion, gold, silver, platinum and other precious alloys or metals; stamps, tickets (including lottery tickets), and letters of credit; except as specifically covered under Coverage Extensions; k.Personal Property while waterborne, except in regular ferry operations in the course of Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Property Coverage Part Page 20 being moved by other means of transportation, and then to include general average and salvage charges for which you may become liable; l.Computer Systems, Electronic Data and Media including the cost to research, replace or restore lost Electronic Data or the lost information except as provided in the Computer Systems, Electronic Data and Media Coverage Extension; m.Valuable Papers and Records including the cost to research, replace or restore lost information except as provided in the Valuable Papers and Records Coverage Extension; n.Automobiles – except as provided in coverage extension 17 – Vehicle Coverage, trailers, aircraft and watercraft (except rowboats or canoes out of water at the described premises); o.Contractors' Equipment except as provided in the Contractors' Equipment Coverage Extension; p.The following property while outside of buildings: (1)Grain, hay, straw or other crops; (2)Fences, radio or television antennas (including satellite dishes) and their lead-in wiring, mast, towers, signs (other than signs attached to buildings); or (3)Trees, shrubs or plants; q.Property shipped by mail, except by registered mail; r.Export shipments and import shipments while under the protection of ocean marine insurance; s.Property acquired by tax lien foreclosure unless coverage is specifically endorsed hereon; t.Fine Arts except as provided in the Fine Arts Coverage Extension; u.Building materials and supplies not attached as part of the building or structure, caused by or resulting from theft. However, this limitation does not apply to the Business Income and Extra Expense Coverage Extension; v.Property that is missing, where the only evidence of the loss or damage is a shortage disclosed on taking inventory, or other instances where there is no physical evidence to show what happened to the property; w.Property that has been transferred to a person or to a place outside the described premises on the basis of unauthorized instructions; x.Furs or fur trimmed garments; jewelry, watches, jewels, pearls, precious and semi- precious stones, except as provided in the Fine Arts Coverage Extension. y.Street lights or traffic signs or signal devices; z.Any Real or Personal Property located in California; aa.Any Property utilized for or occupied by Permanent Supportive Housing (PSH) operations; bb.Any Property utilized as a vacation rental or short-term rental. B.EXCLUSIONS This Property Coverage Part is subject to the following exclusions. 1.We will not pay for loss or damage caused by any of the excluded events described below. Loss or damage will be considered to have been caused by an excluded event if the occurrence of that event: i.Directly and solely results in loss or damage; or ii.Initiates a sequence of events that results in loss or damage, regardless of the nature of any intermediate or final event in that sequence. a.Ordinance or Law The enforcement of any ordinance or law: Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Property Coverage Part Page 21 (1)Regulating the construction, use or repair of any property; or (2)Requiring the tearing down of any property, including the cost of removing its debris. This Ordinance or Law exclusion applies whether the loss results from: (1)An ordinance or law that is enforced even if the property has not been damaged; or (2)The increased costs incurred to comply with an ordinance or law in the course of construction, repair, renovation, remodeling or demolition of property, or removal of its debris, following a physical loss to that property. This exclusion does not apply to the extent coverage is provided under the Ordinance or Law Coverage Extension. b.Earth Movement (1)Earthquake, including any earth sinking, rising or shifting related to such event; (2)Landslide, including any earth sinking, rising or shifting related to such event; (3)Mine subsidence, meaning subsidence of a man-made mine, whether or not mining activity has ceased; (4)Earth sinking (other than sinkhole collapse), rising or shifting including soil conditions which cause settling, cracking or other disarrangement of founvvdations or other parts of realty. Soil conditions include contraction, expansion, freezing, thawing, erosion, improperly compacted soil and the action of water under the ground surface. But if Earth Movement, as described in b.(1) through (4) above, results in fire or explosion, we will pay for the loss or damage caused by that fire or explosion. (5)Volcanic eruption, explosion or effusion. But if volcanic eruption, explosion or effusion results in fire, building glass breakage or volcanic action, we will pay for the loss or damage caused by that fire, building glass breakage or volcanic action. Volcanic action means direct loss or damage resulting from the eruption of a volcano when the loss or damage is caused by: (a)Airborne volcanic blast or airborne shock waves; (b)Ash, dust or particulate matter; or (c)Lava flow. All volcanic eruptions that occur within any 168 hour period will constitute a single Occurrence. Volcanic action does not include the cost to remove ash, dust or particulate matter that does not cause direct physical loss or damage to the described property. c.Governmental Action Seizure or destruction of property by order of governmental authority. But we will pay for loss or damage caused by or resulting from acts of destruction ordered by governmental authority and taken at the time of a fire to prevent its spread, if the fire would be covered under this Coverage Part. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Property Coverage Part Page 22 d.Nuclear Hazard Nuclear reaction or radiation, or radioactive contamination, however caused. But if nuclear reaction or radiation, or radioactive contamination, results in fire, we will pay for the loss or damage caused by that fire. e.Utility Services The failure of power or other utility service supplied to the described premises, however caused, if the failure occurs away from the described premises. But if the failure of power or other utility service results in a Covered Cause of Loss, we will pay for the loss or damage caused by that Covered Cause of Loss. This exclusion does not apply to the Business Income and Extra Expense Coverage Extension. Instead, the Exclusion in Paragraph B.4.a. applies to the Business Income and Extra Expense Coverage Extension. f.War And Military Action (1)War, including undeclared or civil war; (2)Warlike action by a military force, including action in hindering or defending against an actual or expected attack, by any government, sovereign or other authority using military personnel or other agents; or (3)Insurrection, rebellion, revolution, usurped power, or action taken by governmental authority in hindering or defending against any of these. g.Water (1)Flood, surface water, waves, tides, tidal waves, overflow of any body of water, or their spray, all whether driven by wind or not; (2)Mudslide or mudflow; (3)Water under the ground surface pressing on, or flowing or seeping through: (a)Foundations, walls, floors or paved surfaces; (b)Basements, whether paved or not; or (c)Doors, windows or other openings. But if Water, as described in (1) through (3) above, results in fire, explosion or sprinkler leakage, we will pay for the loss or damage caused by that fire, explosion or sprinkler leakage. h.Fungus, Wet Rot, Dry Rot and Bacteria Presence, growth, proliferation, spread or any activity of Fungus, wet rot, dry rot or bacteria. But if Fungus, wet rot or dry rot or bacteria results in a Named Cause of Loss, we will pay for the loss or damage caused by that Named Cause of Loss. This exclusion does not apply when Fungus, wet rot, dry rot or bacteria results from a Named Cause of Loss. i.Collapse Collapse, including any of the following conditions of property or any part of the property: Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Property Coverage Part Page 23 (1)An abrupt falling down or caving in; (2)Loss of structural integrity, including separation of parts of the property or property in danger of falling down or caving in; or (3)Any cracking, bulging, sagging, bending, leaning, settling, shrinkage or expansion as such condition relates to (1) or (2) above. But if collapse results in a Covered Cause of Loss at the described premises, we will pay for the loss or damage caused by that Covered Cause of Loss. This exclusion, i., does not apply: (a)To the extent that coverage is provided under the Additional Coverage, Collapse; or (b)To collapse caused by one or more of the following: i.The Named Cause of Loss; ii.Breakage of building glass; iii.Weight of rain that collects on a roof; or iv.Weight of people or personal property. j.Boilers and Machinery (1)Breakdown or derangement of machinery and/or boiler explosion unless fire ensues, in which case only for the actual loss or damage caused by such ensuing fire. This exclusion does not apply to electronic Data Processing Equipment or Media or to coverage provided under the electronic Data Processing Coverage Extension. (2)Explosion of steam boilers, steam pipes, steam engines, or steam turbines owned or leased by you, or operated under your control. However, if explosion of steam boilers, steam pipes, steam engines, or steam turbines results in fire or combustion explosion, we will pay for the loss or damage caused by that fire or combustion explosion. We will also pay for loss or damage caused by or resulting from the explosion of gases or fuel within the furnace of any fired vessel or within the flutes or passages through which the gases of combustion pass. k.Non-Matching l.This Coverage Clause does not cover the following: (1)Color mismatch due to weathering, fading or wear and tear between the existing undamaged roof and siding on the buildings and structures, and new materials used to repair or replace the damaged roof and siding on the buildings and structures. (2)Mismatch because materials are unavailable, obsolete, or discontinued between the existing undamaged roof and siding on the buildings and structures, and new materials used to repair or replace the damaged roof and siding on the buildings and structures. m.Aesthetic Impairment n.This Coverage Clause does not provide coverage for the following: (1)Loss of damage consisting of cosmetic or aesthetic impairment to roof surfacing, including but not limited to marring, pitting or other superficial damage that alters the appearance of the roof, but does not prevent it from functioning as a moisture barrier, due to wind and/or hail. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Property Coverage Part Page 24 2.We will not pay for loss or damage caused by any of the excluded events described below. Loss or damage will be considered to have been caused by an excluded event if the occurrence of that event: i.Directly and solely results in loss or damage; or ii.Initiates a sequence of events that results in loss or damage, regardless of the nature of any intermediate or final event in that sequence. a.Artificially generated electrical current, including electric arcing, that disturbs electrical devices, appliances or wires. But if artificially generated electrical current results in fire, we will pay for the loss or damage caused by that fire. b.Delay, loss of use or loss of market except to the extent coverage is provided under the Business Income and Extra Expense Coverage Extension or the Computer Systems, Electronic Data and Media Coverage Extension. c.Smoke, vapor or gas from agricultural smudging or industrial operations. d.(1) Wear and tear; (2)Rust or other corrosion, decay, deterioration, hidden or latent defect or any quality in property that causes it to damage or destroy itself; (3)Smog; (4)Settling, cracking, shrinking or expansion; (5)Nesting or infestation, or discharge or release of waste products or secretions, by insects, birds, rodents or other animals. (6)Mechanical breakdown, including rupture or bursting caused by centrifugal force. (7)The following causes of loss to personal property: (a)Dampness or dryness of atmosphere; (b)Changes in or extremes of temperature; or (c)Marring or scratching. But if an excluded cause of loss that is listed in (1) through (7) results in a Covered Cause of Loss, we will pay for the loss or damage caused by that Covered Cause of Loss. e.Continuous or repeated seepage or leakage of water, or the presence or condensation of humidity, moisture or vapor that occurs over a period of 14 days or more and a Covered Party had knowledge of such continuous seepage or repeated leakage. f.Water, other liquids, powder or molten material that leaks or flows from plumbing, heating, air conditioning or other equipment (except fire protective systems) caused by or resulting from freezing, unless: (1)You do your best to maintain heat in the building or structure; or (2)You drain the equipment and shut off the supply if the heat is not maintained. g.Dishonest or criminal act by you, any of your partners, members, officers, managers, employees (including Leased Employees), directors, trustees, authorized representatives or anyone to whom you entrust the property for any purpose: (1)Acting alone or in collusion with others; or (2)Whether or not occurring during the hours of employment. This exclusion does not apply to acts of destruction by your employees (including Leased Employees); but theft by employees (including Leased Employees) is not covered. h.Voluntary parting with any property by you or anyone else to whom you have entrusted the property if induced to do so by any fraudulent scheme, trick, device or false pretense. i.Rain, snow, ice or sleet to personal property in the open. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Property Coverage Part Page 25 j.Discharge, dispersal, seepage, migration, release or escape of Pollutants. k.Neglect of a Covered Party to use all reasonable means to save and preserve property from further damage at and after the time of loss. l.Acts or decisions, including the failure to act or decide, of any person, group, organization or governmental body. But if an excluded cause of loss that is listed in this Exclusion l. results in a Covered Cause of Loss, we will pay for the loss or damage caused by that Covered Cause of Loss. m.Faulty, inadequate or defective: (1)Planning, zoning, development, surveying, siting; (2)Design, specifications, workmanship, repair, construction, renovation, remodeling, grading, compaction; (3)Materials used in repair, construction, renovation or remodeling; or (4)Maintenance; of part or all of any property on or off the described premises. But if an excluded cause of loss that is listed in this Exclusion m. results in a Covered Cause of Loss, we will pay for the loss or damage caused by that Covered Cause of Loss. n.Weather conditions if the weather conditions contribute in any way with a cause or event excluded in Paragraph B.1. above. But if a cause of loss that is excluded in this Exclusion n. results in a Covered Cause of Loss, we will pay for the loss or damage caused by that Covered Cause of Loss. o. Presence of asbestos or asbestos containing materials. p.Explosion of steam boilers, steam pipes, steam engines or steam turbines owned or leased by you, or operated under your control. But if explosion of steam boilers, steam pipes, steam engines or steam turbines results in fire or combustion explosion, we will pay for the loss or damage caused by that fire or combustion explosion. We will also pay for loss or damage caused by or resulting from the explosion of gases or fuel within the furnace of any fired vessel or within the flues or passages through which the gases of combustion pass. 3.We will not pay for loss or damage caused by any of the excluded events described below. a.Steam boilers, steam pipes, steam engines or steam turbines caused by or resulting from any condition or event inside such equipment. But we will pay for loss of or damage to such equipment caused by or resulting from an explosion of gases or fuel within the furnace of any fired vessel or within the flues or passages through which the gases of combustion pass. b.Hot water boilers or other water heating equipment caused by or resulting from any condition or event inside such boilers or equipment, other than an explosion. c.The interior of any building or structure, or to personal property in the building or structure, caused by or resulting from rain, snow, sleet, ice, sand or dust, whether driven by wind or not, unless: (1)The building or structure first sustains damage by a Covered Cause of Loss to its roof or walls through which the rain, snow, sleet, ice, sand or dust enters; or (2)The loss or damage is caused by or results from thawing of snow, sleet or ice on the building or structure. d.Fragile articles (other than Fine Arts) such as statuary, marbles, chinaware and porcelains, if broken, except if caused by a Named Cause of Loss. Loss or damage will be considered to have been caused by an excluded event if the occurrence Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Property Coverage Part Page 26 of that event: i.Directly and solely results in loss or damage; or ii.Initiates a sequence of events that results in loss or damage, regardless of the nature of any intermediate or final event in that sequence. 4.Business Income and Extra Expense Additional Exclusions In addition to the exclusions contained in paragraphs 1., 2. and 3. above, the following exclusions apply to Business Income and Extra Expense Coverage: We will not pay for loss or damage caused by any of the excluded events described below. Loss or damage will be considered to have been caused by an excluded event if the occurrence of that event: i.Directly and solely results in loss or damage; or ii.Initiates a sequence of events that results in loss or damage, regardless of the nature of any intermediate or final event in that sequence. a.Any loss caused directly or indirectly by the failure of power or other utility service supplied to the described premises, however caused, if the failure occurs outside of a covered building. But if the failure of power or other utility service results in a Covered Cause of Loss, we will pay for the loss resulting from that Covered Cause of Loss. b.Any loss caused by or resulting from direct physical loss or damage to radio or television antennas (including satellite dishes) and their lead-in wiring, masts or towers. c.Any increase of loss caused by or resulting from: (1)Delay in rebuilding, repairing or replacing the property or resuming Operations, due to interference at the location of the rebuilding, repair or replacement by strikers or other persons; or (2)Suspension, lapse or cancellation of any license, lease or contract. But if the suspension, lapse or cancellation is directly caused by the suspension of Operations, we will cover such loss that affects your Business Income during the Period of Restoration. d.Any Extra Expense caused by or resulting from suspension, lapse or cancellation of any license, lease or contract beyond the Period of Restoration. e.Any other consequential loss. C.Coverage Extensions Except as otherwise provided, these Coverage Extensions are subject to the limits, sublimits, definitions, terms, conditions, and exclusions of this Coverage Agreement: The amount we will pay under these Coverage Extensions is also limited as described in Section E. Sum Covered. 1.Accounts Receivable a.The coverage that applies to Personal Property is extended to apply to your loss of accounts receivable which become uncollectible because of loss of or damage to records of the accounts receivable on or within 1000 feet of the premises described in the Property Schedule, caused by or resulting from a Covered Cause of Loss. b.Records of the accounts receivable are any printed, written or recorded records detailing Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Property Coverage Part Page 27 the accounts receivable; these do not include such records which have been converted to Electronic Data. c.Coverage under this Coverage Extension includes the interest charges on loans secured by you to offset the reduction in cash flow resulting from the loss of accounts receivable. But this applies only to the interest charges on loan amounts, up to the applicable Sublimit under this Coverage Extension, which you incur during the period of time that: (1)Begins on the date of loss or damage by a Covered Cause of Loss to your records of the accounts receivable; and (2)Ends on the earlier of the following dates: (a)The date we make our payment to you for your loss of accounts receivable; or (b)90 days after the date of loss or damage to your records of accounts receivable. Our payment for these interest charges will not increase the Sublimit that applies to this Coverage Extension. d.If you cannot accurately establish the amount of accounts receivable outstanding as of the time of loss or damage, the following method will be used: (1)Determine the average monthly amount of accounts receivable for the 12 months immediately preceding the month in which the loss or damage occurs; and (2)Adjust that total for any normal fluctuations in the amount of accounts receivable for the month in which the loss or damage occurred or for any demonstrated variance from the average for that month. e.The following will be deducted from the amount of the established accounts receivable: (1)The amounts of the accounts for which there is no loss; (2)The amount of the accounts that you are able to re-establish or collect; (3)An amount to allow for probable bad debts that you are normally unable to collect; and (4)All unearned interest and service charges. f.Additional Exclusions With respect to this Coverage Extension, the following exclusions are added to Paragraph 2. in Section B. Exclusions: q. Bookkeeping, accounting or billing errors or omissions. r. An audit of records or any inventory computation to prove the factual existence of the loss or damage. g.The most we will pay in any one Occurrence under this Coverage Extension is the Sublimit for Accounts Receivable shown in the Declarations. 2.Business Income and Extra Expense This coverage extension applies only to those scheduled locations for Real and or Personal Property Coverage on file with the company, and to locations leased or rented by a Covered Member. a.We will pay for: (1)The actual loss of Business Income you sustain due to the necessary Suspension of your Operations at the premises described in the Property Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Property Coverage Part Page 28 Schedule during the Period of Restoration. The Suspension must be caused by direct physical loss of or damage to property at the premises described in the Property Schedule, including personal property in the open (or in a vehicle) within 1000 feet of the described premises, caused by or resulting from a Covered Cause of Loss. (2)The actual and necessary Extra Expense you incur during the Period of Restoration due to the direct physical loss of or damage to property at the premises described in the Property Schedule, including personal property in the open (or in a vehicle) within 1000 feet of the premises described in the Property Schedule, caused by or resulting from a Covered Cause of Loss. (3)The actual loss of Business Income you sustain and necessary Extra Expense you incur when a civil authority prohibits access to the premises described in the Property Schedule due to direct physical loss of or damage to real property at premises, other than the described premises, caused by or resulting from a Covered Cause of Loss. This coverage will apply for a period of up to 30 consecutive days from the date of the civil authority action. b.If you are a tenant or owner of only a portion of a building located at the premises described in the Property Schedule, such premises includes all routes within such building which are used to gain access to the owned, rented, leased or occupied portion of the building. c.The most we will pay for all loss of Business Income and Extra Expense at all premises in any one Occurrence under this Coverage Extension is the Sublimit shown in the Declarations for Business Income and Extra Expense. d. Utility Services We will pay for loss of Business Income or Extra Expense at the described premises caused by the interruption of service to the described premises. The interruption must result from direct physical loss or damage by a Covered Cause of Loss to the property described in paragraphs (1), (2), and (3) below. (1)Water Supply Services, meaning the following types of property supplying water to the described premises: (a)Pumping stations; and (b)Water mains. (2)Communication Supply Services, meaning property supplying communication services, including telephone, radio, microwave or television services, to the described premises, such as: (a)Communication transmission lines, including optic fiber transmission lines; (b)Coaxial cables; and (c)Microwave radio relays except satellites. (d)overhead transmission lines (3)Power Supply Services, meaning the following types of property supplying electricity, steam or gas to the described premises: (a)Utility generating plants; (b)Switching stations; (c)Substations; (d)Transformers; and (e)Transmission lines. (f)overhead transmission lines 3.Contractors' Equipment This Coverage Extension provides coverage under this Coverage Part for Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Property Coverage Part Page 29 Contractors' Equipment. a.The coverage that applies to Personal Property is extended to apply to loss of or damage to your Contractors' Equipment, and similar property of others in your care, custody or control caused by or resulting from a Covered Cause of Loss. b.Contractors' Equipment does not include: (1)Property that you loan, lease, or rent to others; or (2)Property while stored or operated underground. c.The most we will pay for loss of or damage to Contractors' Equipment in any one Occurrence under this Coverage Extension is the Sublimit shown in the Declarations for Contractors' Equipment. 4.Debris Removal a.We will pay your expense to remove debris of Covered Property caused by or resulting from a Covered Cause of Loss that occurs during the Coverage Period. The expenses will be paid only if they are reported to us in writing within 180 days of the date of direct physical loss or damage. b.Debris Removal does not apply to costs to: (1)Extract Pollutants from land or water; (2)Remove, restore or replace polluted land or water; or (3)Remove asbestos, Fungus, dry rot, wet rot or bacteria. c.The most we will pay for debris removal expense in any one Occurrence is the smaller of: 20% of the amount we pay for direct physical loss or damage to covered property or the Sublimit shown on the Declarations for Debris Removal. 5.Computer Systems, Electronic Data and Media a.This Coverage Extension provides coverage under this Coverage Part for Computers Systems, Electronic Data and Media. The coverage that applies to Personal Property is extended to apply to loss of or damage to your Computers Systems, Electronic Data and Media, and similar property of others in your care, custody or control, while: (1)At or within 1000 feet of the premises described in the Property Schedule; (2)At new locations you acquire during the Coverage Period; (3)Temporarily at a location you do not own, lease or operate, caused by or resulting from a Covered Cause of Loss. The coverage provided under this Coverage Extension for loss of or damage to Electronic Data includes your costs to research, replace or restore the lost or damaged Electronic Data for which a duplicate does not exist. b.The Business Income and Extra Expense Coverage Extension is extended to apply to the actual loss of Business Income you sustain and necessary Extra Expense you incur due to direct physical loss of or damage to Computer Systems and/or Electronic Data and Media, caused by or resulting from a Covered Cause of Loss. c.Additional Exclusions With respect to this Coverage Extension, the following changes and additions apply to Section B. Exclusions: Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Property Coverage Part Page 30 (1)The following exclusion is added to Paragraph B.2.: s. Electrical injury, magnetic injury, disturbance of electronic recordings or erasure of electronic recordings. (2)The following exclusions are added to Paragraph B.3.: d.Computer Systems, Electronic Data and Media (not in your care, custody or control) which you rent or lease to others while it is away from the premises described in the Property Schedule; e.Electronic Data and Media which cannot be replaced with property of similar kind or quality; f.Computer Systems, Electronic Data and Media while at any new location acquired by you more than 60 days prior to the loss or damage, and not reported to us; g.Electronic Data caused by any programming errors or faulty machine instructions; or h.Electronic Data and Media caused by any failure (including brown-outs and surges) of power or other utility service supplied to the premises described in the Property Schedule, however caused (except by lightning), if the failure occurs away from such premises. d.The most we will pay in any one Occurrence under this Coverage Extension: (1)For loss or damage to Computer Systems at or within 1,000 feet of the described premises or at a newly acquired or temporary location is the Sublimit shown in the Declarations for Computer Systems; and (2)For loss or damage to Electronic Data and Media or the resulting loss of Business Income or incurred Extra Expense at or within 1,000 feet of the described premises or at a newly acquired or temporary location is the Sublimit shown in the Declarations for Electronic Data and Media. Subject to paragraphs d.(1) and (2) above, the most we will pay under this Coverage Extension for loss, damage and expenses occurring during each separate 12 months of the Coverage Agreement is the Aggregate Sublimit shown on the Declarations for Computer Systems, Electronic Data and Media. 6.Fine Arts a.The coverage that applies to Personal Property is extended to apply to loss of or damage to your Fine Arts, and similar property of others in your care, custody or control caused by or resulting from a Covered Cause of Loss while: (1)At or within 1000 feet of the premises described in the Property Schedule; or (2)Temporarily at a location you do not own, lease or operate for exhibition, framing, renovation, packing or appraising. b.In addition to any property listed in Paragraph 3. Property Not Covered, Fine Arts also does not include numismatic or philatelic objects or collections. c.With respect to this Coverage Extension, the following exclusion is added to Paragraph 2. in Section B. Exclusions: t. Any repairing, restoration or retouching of the Covered Property. d.The most we will pay for loss of or damage to Fine Arts in any one Occurrence under this Coverage Extension is the Sublimit shown in the Declarations for Fine Arts. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Property Coverage Part Page 31 7.Newly Acquired or Constructed Property a.If this Coverage Agreement covers Real Property, you may extend that coverage to apply to: (1)Your new buildings or structures while being built on the premises described in the Property Schedule; and (2)Buildings or structures you acquire at locations, other than the premises described in the Property Schedule, intended for: (a)Similar use as the buildings or structures described in the Property Schedule; or (b)Use as a warehouse. b.(1) If this Coverage Agreement covers your Personal Property, you may extend that coverage to apply to: (a)Personal Property, including such property that you newly acquire, at any location you acquire other than at fairs, trade shows or exhibitions; (b)Personal Property, including such property that you newly acquire, located at your newly constructed or acquired buildings or structures at the premises described in the Property Schedule; or (c)Personal Property that you newly acquire, located at the premises described in the Property Schedule. (2) This Coverage Extension does not apply to personal property of others that is temporarily in your possession in the course of installing or performing work on such property. c.The most we will pay for loss or damage to Real or Personal Property under this Coverage Extension in any one Occurrence is the Sublimit for Newly Acquired Property - Real and Personal Property shown in the Declarations. d.Period Of Coverage With respect to coverage on or at each newly acquired or constructed property, coverage will end when any of the following first occurs: (1)This Coverage Agreement expires; (2)180 days expire after you acquire the property or begin construction of that part of the building or structure that would qualify as Covered Property; or (3)You report values to us. We will charge you additional premium for values reported from the date you acquire the property or begin construction of that part of the building or structure that would qualify as Covered Property. 8.Ordinance or Law a.If a Covered Cause of Loss occurs to covered Real Property, we will pay for: (1)Loss to the undamaged portion of such Real Property caused by the enforcement of any ordinance or law that: (a)Requires the demolition of parts of the same property not damaged by a Covered Cause of Loss; (b)Regulates the construction or repair of buildings, or establishes zoning or land use requirements at the premises described in the Property Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Property Coverage Part Page 32 Schedule; and (c)Is in force at the time of loss. (2)The increased cost to repair, rebuild, or construct the property caused by enforcement of building, zoning or land use ordinance or law. If the property is repaired or rebuilt, it must be intended for similar occupancy as the current property, unless otherwise required by zoning or land use ordinance or law. (3)The cost to demolish and clear the site of undamaged parts of the property caused by enforcement of building, zoning, or land use ordinance or law. b.The most we will pay in any one Occurrence under this Coverage Extension for: (1)loss to the undamaged portion of the building as described in Paragraph a.(1) is: 100% of the applicable value of the damaged building as shown in the Property Schedule, subject to the valuation provisions that apply to Real Property. (2)the increased cost of construction as described in Paragraph a.(2) above is the lesser of: (a)25% of the value of the damaged building; or (b)the applicable Sublimit for Ordinance or Law shown in the Declarations; subject to the valuation provisions that apply to Real Property. (3)The cost of demolition of undamaged property as described in Paragraph a.(3) above is the lesser of: (a)25% of the value of the damaged building: or (b)the applicable Sublimit for Ordinance or Law shown in the Declarations; subject to the valuation provisions that apply to Real Property. c.The following loss payment provisions apply: (1)For demolition costs, we will not pay more than the amount you actually spend to demolish and clear the site of the premises described in the Property Schedule. (2)With respect to increased cost of construction: (a)We will not pay for increased costs of construction: (i)Until the property is actually repaired, rebuilt or constructed at the same premises or another premises; and (ii)Unless the repairs or replacement are made as soon as possible after the loss or damage, not to exceed two years. At our election, we may extend this period in writing prior to the expiration of the two years following the date of loss. (b)If the building is repaired or replaced at the same premises, or if you elect to rebuild at another premises, the most we will pay for the increased cost of construction is the increased cost of construction at the same premises. (c)If the ordinance or law requires relocation to another premises, the most we will pay for the increased cost of construction is the increased cost of construction at the new premises. d.Under this Coverage Extension we will not pay for: (1)The enforcement of any ordinance or law which requires demolition, repair, Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Property Coverage Part Page 33 replacement, reconstruction, remodeling or remediation of property due to contamination by asbestos, Pollutants or due to the presence, growth, proliferation, spread or any activity of Fungus, wet rot, dry rot or bacteria; or (2)Any costs associated with the enforcement of any ordinance or law which requires any Covered Party or others to test for, monitor, clean up, remove, contain, treat, detoxify, or neutralize, or in any way respond to, or assess the effects of asbestos, Pollutants or Fungus, wet rot, dry rot or bacteria. e.Under this Coverage Extension we will not pay any costs due to any ordinance or law that: (1)You were required to comply with before the loss, even if the building was undamaged; and (2)You failed to comply with. 9.Pollutant Clean Up and Removal We will pay your expense to extract Pollutants from land or water at the premises described in the Property Schedule if the discharge, dispersal, seepage, migration, release or escape of the Pollutants is caused by or resulting from a Covered Cause of Loss that occurs during the Coverage Period. However, we will not pay for any expense related to the removal of asbestos, Fungus, wet rot, dry rot or bacteria. The expenses will be paid only if they are reported to us in writing within 180 days of the date on which the Covered Cause of Loss occurs. This Coverage Extension does not apply to costs to test for, monitor or assess the existence, concentration or effects of Pollutants, asbestos, Fungus, wet rot, dry rot or bacteria. But we will pay for testing which is performed in the course of extracting the Pollutants from the land or water. The most we will pay under this Coverage Extension at each premises described in the Property Schedule for the sum of all covered expenses arising out of Covered Causes of Loss occurring during each separate 12 month period of this Coverage Agreement is the Sublimit for Pollutant Clean Up and Removal shown in the Declarations. 10.Property Off-Premises a.You may extend the coverage provided by this Coverage Extension to apply to your Covered Property while it is away from the premises described in the Property Schedule, if it is: (1)Temporarily at a location you do not own, operate or lease; (2)In storage at a location you lease, provided the lease was executed after the beginning of the current coverage period; or (3)At any fair, trade show or exhibition. b.This Extension does not apply to: (1)Street lights, traffic signs or signal devices; (2)Property in or on a vehicle or in the course of transit; or c.Property covered under the Computer Systems, Electronic Data and Media Coverage Extension or the Fine Arts Coverage Extension. The most we will pay for loss or damage in any one Occurrence under this Coverage Extension is the Sublimit for Property Off-Premises shown in the Declarations. 11.Sewer, Drain or Sump Back-up or Overflow Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Property Coverage Part Page 34 We will pay for loss or damage to Covered Property caused by or resulting from water that backs up from sewers, drains or sump pumps. The most we will pay under this Additional Coverage is the sublimit specified on the Property Declarations. 12.Valuable Papers and Records a.You may extend the coverage that applies to your Personal Property to apply to loss of or damage to your Valuable Papers and Records, located at or within 1,000 feet of the premises described in the Property Schedule, caused by or resulting from a Covered Cause of Loss. The coverage provided under this Coverage Extension includes your costs to research, replace or restore the lost information on lost or damaged Valuable Papers and Records for which duplicates do not exist. Coverage under this Coverage Extension does not apply to your costs to research, replace or restore lost Electronic Data. b.With respect to this Coverage Extension, the following exclusions are added to Paragraph 2. in Section B. Exclusions: u. Errors or omissions in processing or copying. v. Electrical or magnetic injury, disturbance or erasure of electronic recordings. But we will pay for direct loss or damage caused by lightning. c.The most we will pay at each premises described in the Property Schedule in any one Occurrence under this Coverage Extension is the Sublimit for Valuable Papers and Records shown in the Declarations. 13.Personal Property Owned By Employees a.You may extend the coverage that applies to Your Business Personal Property to apply to personal property owned by your officers, your partners or members, your managers or your employees while at or within 1,000 feet of the premises described in the Property Schedule. This extension does not apply to property covered under the Personal Property of Others Coverage Extension. b.The most we will pay for loss or damage under this Coverage Extension in any one Occurrence is the Sublimit for Personal Property Owned by Employees shown in the Declarations, subject to a $5,000 maximum payable to any one person. Our payment for loss or damage to personal property of others will only be for the account of the owner of the property. 14.Personal Property of Others a. You may extend the coverage that applies to your Business Personal Property to apply to personal property of others in your care, custody or control while at or within 1,000 feet of the premises described in the Property Schedule, and to personal property of visitors receiving services or otherwise legally on the premises that you own or operate and as described in the Property Schedule. This extension does not apply to: (1) Property owned by or rented to a tenant; and (2) Property covered under the Personal Property Owned By Employees coverage extension. b. The most we will pay for loss or damage under this Coverage Extension during each separate 12 months of the Coverage Agreement is the Annual Aggregate Sublimit for Personal Property of Others shown in the Declarations, subject to the maximum per person sublimit shown in the Declarations. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Property Coverage Part Page 35 Our payment for loss or damage to personal property of others will only be for the account of the owner of the property. 15.Unnamed Locations a.You may extend the coverage that applies to your Real Property to your buildings or structures at premises: (1)Not shown in the Property Schedule; (2)Not covered under the Newly Acquired Or Constructed Property or Property Off- Premises Coverage Extensions. b.The most we will pay for loss or damage in any one Occurrence under this Coverage Extension is the Sublimit for Unnamed Locations shown in the Declarations. 16.Fire Department Service Charge When the fire department is called to save or protect Covered Property from a Covered Cause of Loss, we will pay in any one Occurrence up to the Sublimit for Fire Department Service Charge shown in the Declarations, for your liability for fire department service charges: (1)Assumed by contract or agreement prior to loss; or (2)Required by local ordinance. 17.Artificial or Paved Surfaces You may extend the coverage that applies to your Real Property to artificial or paved surfaces such as walkways, basketball courts or tennis courts at the premises described in the Property Schedule. The most we will pay for loss or damage under this Coverage Extension in any one Occurrence is the Sublimit for Artificial or Paved Surfaces shown in the Declarations. 18.Musical Instruments Limited International Coverage a.You may extend the coverage that applies to Your Business Personal Property to apply to your musical instruments while such property is in or en route to or from a location outside of the Coverage Territory (including while airborne or waterborne), provided that the property is: (1)In the care, custody or control of you or your authorized representative; and (2)Temporarily outside of the Coverage Territory. b.This coverage does not apply to: (1)Musical instruments exported to or held for sale outside of the Coverage Territory; or (2)Property while in the care, custody or control of a common or contract carrier or bailee for hire, except for property while being handled or stored by the air, water or surface carrier that is at the same time transporting you or your authorized representative. c.The most we will pay for the coverage provided under this Coverage Extension is the Limit of Coverage shown in the Declarations. This Limit does not increase the amount of coverage that applies under this Coverage Agreement to Your Business Personal Property. d.The value of property and the cost of its repair or replacement will be determined in United States currency based on values and costs in the area of the described premises where Your Business Personal Property is permanently located, and subject to all Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Property Coverage Part Page 36 applicable Coverage Agreement provisions including the Valuation and Loss Payment Conditions. e.Any legal action against us, concerning coverage provided under this Coverage Extension, must be commenced in a court of law in the United States of America. 19.Vehicle Coverage a.We will pay for direct physical loss of or damage to Covered Vehicles caused by or resulting from a Covered Cause of Loss. 1.Covered Vehicles, as used in this coverage, means vehicles licensed and designed for highway use which are: a) Owned by you; or b) Owned by others and in your care, custody or control, but only to the extent of your legal liability for such vehicles. The exclusion of vehicles licensed and designed for highway use in the Property Not Covered section of the Real and Personal Property Coverage Form does not apply to the extent that such vehicles are Covered Vehicles under this coverage. All other exclusions in the Property Not Covered section of the Real and Personal Property Coverage part continue to apply. 2.Covered Causes of Loss for Vehicle Coverage are RISKS OF DIRECT PHYSICAL LOSS OR DAMAGE, except as excluded or limited in provision b. Vehicle Coverage Exclusions. 3.None of the Coverage Extensions provided under the Real and Personal Property Coverage part apply to this coverage except Debris Removal. b.Vehicle Coverage Exclusions 1.We will not pay for loss or damage to Covered Vehicles caused by or resulting from: a) Any of the following. Such loss or damage is excluded regardless of any other cause or event that contributes concurrently or in any sequence to the loss: (1)Nuclear reaction or radiation or radioactive contamination, however caused. But if loss or damage by fire results, we will pay for that resulting loss or damage. (2)War and military action, meaning: (a)War, including undeclared or civil war; (b)Warlike action by a military force, including action in hindering or defending against an actual or expected attack, by any government, sovereign or other authority using military personnel or other agents; or (c)Insurrection, rebellion, revolution, usurped power or action taken by governmental authority in hindering or defending against any of these. b) Any of the following, unless such loss or damage is caused by or results from a Covered Cause of Loss: Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Property Coverage Part Page 37 (1)Wear and tear; (2)Freezing; (3)Mechanical or electrical breakdown; or (4)Blowouts, punctures or other road damage to tires. 2.We will not pay under Vehicle Coverage for loss or damage to any of the following: a) Tapes, records, discs or other similar audio, visual or data electronic devices designed for use with audio, visual or data electronic equipment; b) Any device designed or used to detect speed measuring equipment such as laser or radar detectors and any jamming apparatus intended to elude or disrupt speed measurement equipment. c) Any electronic equipment, without regard to whether this equipment is permanently installed, that receives or transmits audio, visual or data signals and that is not designed solely for the reproduction of sound. d) Any accessories used with the electronic equipment described in paragraph c. above. Exclusions 2.c. and 2.d. do not apply to: a.Equipment designed solely for the reproduction of sound and accessories used with such equipment is permanently installed in the Covered Vehicle at the time of the loss or damage and such equipment is designed to be solely operated by use of the power from the vehicle's electrical system, in or upon the Covered Vehicle; or b.Any other electronic equipment that is: (1)Necessary for the normal operation of the Covered Vehicle or the monitoring of the Covered Vehicle’s operating system; or (2)An integral part of the same unit housing any sound reproducing equipment described in a. above and permanently installed in the opening of the dash or console of the Covered Vehicle normally used by the manufacturer for installation of a radio. 3.We will not pay under Vehicle Coverage for loss or damage to any Covered Vehicle while used in any professional or organized racing or demolition contest or stunting activity, or while being prepared for any such event. 4.We will not pay under Vehicle Coverage for any loss or damage caused by or resulting from delay, loss of use, loss of market, loss of income or any other consequential loss. 5.We will not pay under Vehicle Coverage for any loss or damage covered under another part of this Coverage Agreement. c.Vehicle Coverage Limit of Coverage The most we will pay, excess of your Automobile Physical Damage deductible, for loss or damage to Covered Vehicles in any one occurrence is the applicable Vehicle Coverage Limit shown in the Declarations. These limits are part of and not in addition to the Real and Personal Property Limit shown in the Declarations. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Property Coverage Part Page 38 d.Vehicle Coverage Conditions All of the conditions applicable to this Coverage Part apply to Vehicle Coverage, except the following is added to the Valuation Condition in the Property Conditions and Definitions form: Covered Vehicles, in the event of loss or damage under Vehicle Coverage, the value of Covered Vehicles will be the actual cash value of the vehicle at the time of loss or the cost of repairing or replacing the damaged or stolen property with other property of like kind and quality. Replacement Cost does not apply to Covered Vehicles. D.DEDUCTIBLES Your Deductible will not exceed the amount shown in the Declarations for each applicable coverage. The water damage deductible does not apply to water damage when the primary cause of loss is fire. E.SUM COVERED 1. Margin Clause a. The most we will pay for a covered loss in any one Occurrence, excess of the applicable deductible(s), under this Real and Personal Property Coverage Part will not exceed the amount shown in the Declarations as the Real and Personal Property Coverage Part Limit. b. Subject to the above paragraph and the Loss Payment and Valuation Conditions of this Coverage Part, the most we will pay for a covered loss in any one Occurrence at a premises described in the Property Schedule is 125 % of the values shown for Real Property and Personal Property at such described premises. This provision does not apply to Increased Cost of Construction or Demolition Cost as provided under the Ordinance or Law Coverage Extension, Debris Removal Coverage Extension, Pollutant Clean Up and Removal Coverage Extension and the Fire Department Service Charge Coverage Extension, all which are subject to their applicable Sublimit and the Real and Personal Property Limit. c. We will not pay for loss or damage until the amount of loss or damage exceeds the Real and Personal Property Deductible shown in the declarations, and any other deductible as applicable. We will then pay the amount of loss or damage in excess of the Real and Personal Property Deductible, up to the applicable Limit. Any applicable deductibles are not reimbursable, even if the total amount of a covered loss exceeds the applicable limit and/or sublimit. 2. Any sublimit shown on the Declarations or in an endorsement is part of and not in addition to the Real and Personal Property Coverage Part Limit, unless otherwise stated. F. GROUP AGGREGATE SUBLIMITS DISTRIBUTION If damage to covered property of Group Members subject to an annual Group Aggregate sublimit exceeds the Group Aggregate sublimit, the Group Aggregate sublimits will be apportioned among all Group Members suffering loss based on the percentage of that Group Member’s total value of all covered property in relation to the sum of the total value of all covered property or all Group Members that suffered loss in such Occurrence For Example: The total value of Group Member A’s covered property is $100,000,000. The total value of all covered property for all Group Members that sustained a covered Flood loss is $1,000,000,000. The Flood sublimit is $25,000,000 and has not been reduced by prior losses. v Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Property Coverage Part Page 39 Group Member A would receive up to 10% of the sublimit, or $2,500,000. All Group Members have 90 days from the Occurrence to report a loss to us. Losses, including any increase in reported losses, reported after such time will be paid only if the sublimit has not been exhausted. If two or more events occur in any one Coverage Period, the Group Aggregate sublimit for subsequent losses will be reduced by the amount of the loss for prior Occurrences. G. NOTIFICATION OF CLAIMS You, upon knowledge of any Occurrence likely to give rise to a claim hereunder, shall give immediate written notice thereof to us. H. DEFINITIONS All Property Coverage Parts are subject to the following definitions except as otherwise indicated: 1.Actual Cash Value Means: a. When the damage to property is economically repairable, actual cash value means the cost of repairing the damage, less reasonable deduction for wear and tear, deterioration and obsolescence. b. When the loss or damage to property creates a total loss, actual cash value means the market value of property in a used condition equal to that of the destroyed property, if reasonably available on the used market. c. Otherwise, actual cash value means the market value of new, identical or nearly identical property less reasonable deduction for wear and tear, deterioration and obsolescence. 2.Automobiles Mean: Vehicles or self-propelled machines that are licensed for use on public roads. 3.Business Income Means: a.Net Income including rental value and tuition fees (Net Profit or Loss before income taxes, if applicable) that would have been earned or incurred; and b.Continuing normal operating expenses incurred, including payroll. 4.Computer Systems Means: a.Computers and related peripheral components; b.Systems and applications software; c.Terminal devices; and d.Related communications networks; by which Electronic Data is collected, transmitted, processed, stored and retrieved. Computer Systems do not include security systems. 5.Contractors' Equipment Means: Machinery and equipment of a mobile nature that are used in your operations, such as earthmovers, tractors, diggers, farm machinery, forklifts, etc. Contractors' Equipment includes: a.self-propelled vehicles designed and used primarily to carry mounted equipment; or b.vehicles designed for highway use that are unlicensed and not operated on public roads. v Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Property Coverage Part Page 40 Contractors' Equipment does not include Automobiles. 6.Covered Party Means: Covered Party means each of the following, but only to the extent set forth below: a.The Covered Member b.While acting within the scope of their duties for the Covered Member: (1)All persons who are now, were, or shall be your lawfully elected, appointed or employed officials; (2)Current or former members of commissions, boards or other units operated by you and under your jurisdiction, provided such units are within the total operating budget included in the application; (3)All of your current or former Employees; (4)Your Volunteer Workers; (5)All persons or organizations providing service to you under any mutual aid or similar agreement; or (6)The estate of any person in (1) through (5) above; c.With respect to Mobile Equipment, any person is a Covered Party under the General Liability Coverage Part while operating such equipment with your permission; d.With respect to a Covered Automobile, any person is a Covered Party under the Automobile Liability Coverage Part while operating the Covered Automobile with your permission. No person or organization is a Covered Party with respect to the conduct of any current or past partnership or joint venture that is not shown as a Named Covered Party in the Declarations Page. 7.Electronic Data Means: Information, facts or programs stored as or on, created or used on, or transmitted to or from computer software (including systems and applications software), hard or floppy disks, CD- ROMS, tapes, drives, cells, data processing devices or any other media which are used with electronically controlled equipment. 8.Extra Expense Means: Necessary expenses you incur that you would not have incurred if there had been no direct physical loss or damage to property: a.To avoid or minimize the suspension of business and to continue Operations: (1)At the described premises; or (2)At replacement premises or at temporary locations, including relocation expenses and costs to equip and operate the replacement or temporary locations; b.To minimize the suspension of business if you cannot continue Operations; or c.To the extent it reduces the amount of loss that otherwise would have been payable under the applicable Property Coverage Part: (1)To repair or replace any property; or (2)To research, replace or restore the lost information on damaged Valuable Papers and Records. 9.Fine Arts Means: v Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Property Coverage Part Page 41 Paintings; works of art; etchings; pictures; tapestries; rare or art glass; art glass windows; valuable rugs; statuary; marbles; bronzes; sculptures; antique furniture; antique jewelry; porcelains; and similar property of rarity, historical value or merit. Fine Arts also include chalices, patens, ciboria, monstrances, pyxes, icons, liturgical books, torahs, vestments and other objects used in your religious ceremonies. Antique as used in this definition means an object having value because its craftsmanship is in the style or fashion of former times; and age is 100 years old or older. 10.Fungus Means: Any type or form of fungus, including mold or mildew, and any mycotoxins, spores, scents or by-products produced or released by fungi. 11.Leased Employee Means: A person leased to you by a labor leasing firm under an agreement between you and the labor leasing firm, to perform duties related to the conduct of your business. Leased Employee does not include temporary employees, who are those persons that substitute for a permanent employee on leave or to meet seasonal or short-term workload conditions. 12.Media Means: Punch cards, tapes, discs, drums, cells or other magnetic recording or storage devices upon which Electronic Data is stored. 13.Money Means: a.Currency, coins and bank notes in current use and having a face value; and b.Travelers checks, register checks and money orders held for sale to the public. 14.Named Causes of Loss Means: The following: Fire; lightning; explosion; windstorm or hail; smoke; aircraft or vehicles; riot or civil commotion; vandalism; leakage from fire extinguishing equipment; sinkhole collapse; volcanic action; falling objects; weight of snow, ice or sleet; water damage. a.Sinkhole collapse means the sudden sinking or collapse of land into underground empty spaces created by the action of water on limestone or dolomite. This cause of loss does not include: (1)The cost of filling sinkholes; or (2)Sinking or collapse of land into manmade underground cavities. b.Falling objects does not include loss or damage to: (1)Personal Property in the open; or (2)The interior of a building or structure, or property inside a building or structure, unless the roof or an outside wall of the building or structure is first damaged by a falling object. c.Water damage means accidental discharge or leakage of water or steam as the direct result of the breaking apart or cracking of a plumbing, heating, air conditioning or other system or appliance, that is located on the described premises and contains water or steam. Water damage includes damage caused by escape or leakage from plumbing system, appliance, or fixture. v Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Property Coverage Part Page 42 15.Occurrence Means: Except with respect to the Flood, Earthquake and Named Windstorm causes of loss, an accident, incident, or a series of accidents or incidents, arising immediately out of one single event or originating cause and includes all resultant or concomitant losses wherever located. With respect to Named Windstorm, Occurrence means all Named Windstorm losses arising during a continuous period of 72 hours during the Coverage Period. The Covered Party may elect the moment when the 72 hour period begins, but no two such periods shall overlap. Such Named Windstorm shall be deemed to be a single Occurrence within the meaning of this Coverage Agreement. With respect to Flood and Earthquake, Occurrence is further defined in the applicable endorsements used to add these causes of loss. 16.Operations Means: a.Your business activities occurring at the described premises; and b.The tenantability of the described premises. 17.Period of Restoration Means: a.The period of time that begins with the date of direct physical loss or damage at the premises described in the Property Schedule caused by or resulting from a Covered Cause of Loss, and ends on the earlier of the following dates, subject to a maximum period of 365 days: (1)The date you restore your business to the condition that would have existed if no direct physical loss or damage occurred; or (2)(a) 60 days after the date when property should be repaired, rebuilt or replaced with reasonable speed and similar quality if you plan to resume Operations, or (b) The date when property should be repaired, rebuilt or replaced with reasonable speed and similar quality if you do not plan to resume Operations; or (3)With respect to that part of your Operations that are educational institutions: (a)The day before the opening of the next school term following the date when, with reasonable speed and similar quality, the property at the described premises of the educational institution should be repaired, rebuilt or replaced; or (b)The date when the school term is resumed at a new permanent location. b.Period of Restoration does not include any increased period required due to the enforcement of any ordinance or law that: (1)Regulates the construction, use or repair, or requires the tearing down of any property; or (2)Requires any covered party or others to test for, monitor, clean up, remove, contain, treat, detoxify or neutralize, or in any way respond to, or assess the effects of Pollutants, asbestos, Fungus, wet rot, dry rot or bacteria. c.If damage involved was to a building being built or altered, you can choose to have the Period of Restoration start on the date you would have begun Operations in the building instead of on the date of damage. The time limitations described in paragraph a. above will apply no matter when the Period of Restoration begins. d.The expiration of this Coverage Agreement will not cut short the Period of Restoration. 18.Pollutant Means: v Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Property Coverage Part Page 43 Any solid, liquid, gaseous or thermal irritant or contaminant including smoke, vapor, soot, fumes, acids, alkalis, chemicals and waste. Waste includes materials to be recycled, reconditioned or reclaimed. 19.Property Schedule Means: The Statement of Values or a similar document on file with the Company. 20.Securities Means: Negotiable and non-negotiable instruments or contracts representing either Money or other property and includes: a.Tokens, ticket revenues and other stamps (whether represented by actual stamps or unused value in a meter) in current use; and b.Food stamps or other evidences of debt issued in connection with credit or charge cards, which cards are not issued by you; but does not include Money or lottery tickets held for sale. 21.Suspension Means: a.The slowdown or cessation of your business activities; or b.That part or all of the described premises is rendered untenantable. 22.Valuable Papers and Records Means: Inscribed, printed, or written documents, manuscripts or records including abstracts, books, deeds, drawings, films, maps or mortgages. Valuable Papers and Records do not include: Money, Securities, Electronic Data, programs or instructions used in your Electronic Data processing operations, including the materials on which Electronic Data is recorded. I. CONDITIONS All coverage and coverage extensions included in this Coverage Part are subject to the COVERAGE AGREEMENT – COMMON CONDITIONS, DEFINITIONS AND EXCLUSION and the following Conditions except as otherwise indicated: 1. Abandonment There can be no abandonment of any property to us. 2. Appraisal If we and you disagree on the value of the property or the amount of loss, either may make written demand for an appraisal of the loss. In this event, each party will select a competent and impartial appraiser. The two appraisers will select an umpire. If they cannot agree, either may request that selection be made by a judge of a court having jurisdiction. The appraisers will state separately the value of the property and amount of loss. If they fail to agree, they will submit their differences to the umpire. A decision agreed to by any two will be binding. Each party will: a.Pay its chosen appraiser; and b.Bear the other expenses of the appraisal and umpire and/or judge equally. If there is an appraisal, we will not be held to have waived any of our rights by any act relating to the v Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Property Coverage Part Page 44 appraisal. 3. Concealment, Misrepresentation or Fraud This Property Coverage Part is void in any case of fraud by you as it relates to such Property Coverage Part at any time. It is also void if you or any other Covered Party, at any time, intentionally conceal or misrepresent a material fact concerning: 1.This Property Coverage Part; 2.The Covered Property; 3.Your interest in the Covered Property; or 4.A claim under this Property Coverage Part. 4. Control of Property Any act or neglect of any person other than you beyond your direction or control will not affect this coverage. The breach of any condition of a Property Coverage Part at any one or more locations will not affect coverage at any location where, at the time of loss or damage, the breach of condition does not exist. 5. Duties in the Event of Loss or Damage 1.You must see that the following are done in the event of loss or damage to Covered Property when that loss or damage appears likely to exceed the applicable deductible: a.Notify the police if a law may have been broken. b.Give us prompt notice of the loss or damage. Include a description of the property involved and how, when and where the loss or damage occurred. c.Take all reasonable steps to protect the Covered Property from further damage and keep a record of your expenses necessary to protect the Covered Property, for consideration in the settlement of the claim. This will not increase the Limit of Coverage. However, we will not pay for any subsequent loss or damage resulting from a cause of loss that is not a Covered Cause of Loss. Also, if feasible, set the damaged property aside and in the best possible order for examination. If it is necessary to move Covered Property from the described premises to preserve it from loss or damage by a Covered Cause of Loss, we will pay for any direct physical loss or damage to that property: (1)While it is being moved or while temporarily stored at another location; and (2)Only if the loss or damage occurs within 30 days after the property is first moved. d.At our request, give us complete inventories of the damaged and undamaged property. Include quantities, costs, values and amount of loss claimed. e.As often as may be reasonably required, permit us to inspect the property proving the loss or damage and examine your books and records. Also permit us to take samples of damaged and undamaged property for inspection, testing and analysis, and permit us to make copies from your books and records. f.At our request, give us a signed, sworn proof of loss containing the information we request to investigate the claim. You must do this within 60 days after our request. We will supply you with the necessary forms. g.Cooperate with us in the investigation or settlement of the claim. h.If you have a Business Income or Extra Expense loss that is covered under a Property Coverage Part and you intend to continue your business, you must also resume all or part of your operations as quickly as possible and give us: (1)Receipts for any Extra Expenses you have after the loss; (2)Records which support the rental value of that part of your premises which was v Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Property Coverage Part Page 45 damaged; (3)Records which detail your Business Income and the amount of Business Income you have lost; (4)All books of accounts, bills, invoices and other vouchers as often as we reasonably ask. If the originals of these documents are lost, you must provide us with certified copies. You agree to let us make extracts or copies of any of your records. 2.We may examine any Covered Party under oath, while not in the presence of any other Covered Party and at such times as may be reasonably required, about any matter relating to this coverage or the claim, including a Covered Party's books and records. In the event of an examination, a Covered Party’s answers must be signed. 6. Coverage Under Two or More Coverages If two or more of this Coverage Part's coverages apply to the same loss or damage, we will not pay more than the actual amount of the loss or damage subject to the applicable Limit or Sublimit. 7. Service of Suits No Covered Party may maintain any lawsuit or complaint against Us alleging any improper or incorrect coverage denial unless the Covered Party has first exhausted the appeal procedures set forth in 1.A. above. It is agreed that in the event we fail to pay any amount claimed to be due under the Coverage Agreement, at the request of the Covered Party, we will submit to the jurisdiction of any court of competent jurisdiction within the State of Washington and will comply with all requirements necessary to give such court jurisdiction and all matters arising hereunder shall be determined in accordance with the law and practice of such court. No Suit, action or proceeding for the recovery of any claim under this Coverage Agreement shall be sustainable in any court of law or equity unless the same be commenced within brought within 2 years after the date of the occurrence causing loss or damage. Provided however, that if by the laws of the State of Washington such limitation is invalid, then any such claim shall be void unless such action, Suit or proceeding be commenced within the shortest limit of time permitted by the laws of such State. 8. Loss Payment a)In the event of loss or damage covered by any of the Property Coverage Parts, at our option, we will either: 1)Pay the value of lost or damaged property; 2)Pay the cost of repairing or replacing the lost or damaged property, subject to b. below; 3)Take all or any part of the property at an agreed or appraised value; or 4)Repair, rebuild or replace the property with other property of like kind and quality, subject to b. below. We will determine the value of lost or damaged property, or the cost of its repair or replacement, in accordance with the applicable terms of Condition 16. Valuation or any applicable provision which amends or supersedes that Valuation Condition. b)The cost to repair, rebuild or replace does not include the increased cost attributable to enforcement of any ordinance or law regulating the construction, use or repair of any property, except as specifically provided under the Ordinance or Law Coverage Extension. c)We will not pay you more than your financial interest in the Covered Property. d)We may elect to adjust losses with the owners of lost or damaged property if other than you. If we pay the owners, such payments will satisfy your claims against us for the owners' property. We will not pay the owners more than their financial interest in the Covered Property. e)We may elect to defend you against suits arising from claims of owners of property. v Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Property Coverage Part Page 46 9. No Benefit To Bailee No person or organization, other than you, having custody of Covered Property will benefit from this coverage. 10. Other Insurance a)You may have Other Insurance subject to the same plan, terms, conditions and provisions as the coverage under the applicable Property Coverage Part. If you do, we will pay our share of the covered loss or damage. b)If there is Other Insurance covering the same loss or damage, other than that described in paragraph 10.a) above, we will pay only for the amount of covered loss or damage in excess of the amount due from that other insurance, whether you can collect on it or not. But we will not pay more than the applicable Limit or Sublimit. c)For Covered Property subject to condition 8.h) Contract of Sale, the word "you" includes the Loss Payee for purposes of condition 10. Other Insurance. This condition does not apply with respect to excess insurance purchased specifically to be in excess of this Coverage Agreement. 11. Pair, Sets Or Parts a)Pair Or Set In case of loss or damage to any part of a pair or set we may: 1)Repair or replace any part to restore the pair or set to its value before the loss or damage; or 2)Pay the difference between the value of the pair or set before and after the loss or damage. b)Parts In case of loss or damage to any part of Covered Property consisting of several parts when complete, we will only pay for the value of the lost or damaged part. 12.Coverage Period, Coverage Territory Under all Property Coverage Parts: a) We cover loss or damage commencing: 1) 2) During the Coverage Period shown in the Declarations; and Within the coverage territory, as described in 2. below. b)1) 2) We will cover property while in the United States. We will also cover losses that occur in transit between places in the United States. We will cover shipments in Canada that originate or terminate in the United States. We will not cover: i.Waterborne shipments via the Panama Canal; or ii.Waterborne and airborne shipments to and from Alaska and Hawaii. 13. Recovered Property If either you or we recover any property after loss settlement, that party must give the other prompt notice. At your option, the property will be returned to you. You must then return to us the amount we paid to you for the property. We will pay recovery expenses and the expenses to repair the recovered property, subject to the applicable Limit or Sublimit. v Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Property Coverage Part Page 47 14. Transfer of Rights of Recovery Against Others To Us If any person or organization to or for whom we make payment under a Property Coverage Part has rights to recover damages from another, those rights are transferred to us to the extent of our payment. That person or organization must do everything necessary to secure our rights and must do nothing after loss to impair them. However, we will waive our rights of recovery against another party if you have waived your rights against such party in a written contract or written agreement in your business operations prior to a loss to your Covered Property or Covered Income. 15. Vacancy a)As used in this Condition: 1)The term building has the meanings set forth in 15.a.(1) and 15.a.(2) below: i.When this Coverage Agreement is issued to a tenant, and with respect to that tenant's interest in Covered Property, building means the unit or suite rented or leased to the tenant. ii.When this Coverage Agreement is issued to the owner or general lessee of a building, building means the entire building. 2)The term vacant means a building that is abandoned or does not contain enough Personal Property to conduct customary operations. Unoccupied buildings are not considered vacant. An unoccupied building is a building which contains enough Personal Property to conduct your customary operations, but such operations are temporarily suspended. Buildings under construction or renovation are not considered vacant. b)We will only pay for loss or damage by a Covered Cause of Loss at a vacant building if: 1)The vacant building is at a premises described in the Property Schedule and you have notified us of the vacancy within 30 days of the date of such building becoming vacant; or 2)The vacant building is added to the Property Schedule after inception of the Coverage Agreement and you have notified us of the vacancy within 30 days of the effective date of the addition of such building. c)With respect to a building that has been vacant for a period of more than ninety (90) consecutive days, the amount we will pay will be the lesser of the cost to repair the building or the actual cash value of the building. If a building has been vacant for a period of 90 consecutive days or less the valuation will be subject to the Valuation Condition below. 16. Valuation In the event of loss or damage, the value of property to which the applicable Property Coverage Part applies will be determined as follows: a)All property, except as provided in b) through f) below or in the description of any coverage under the applicable Property Coverage Part, at replacement cost (without deduction for depreciation), subject to the following: 1)We will not pay more for loss or damage to Real Property on a replacement cost basis than the least of: i.The Limit or Sublimit applicable to the lost or damaged Real Property; ii.In the event of a total loss, the cost to replace the Real Property: v Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Property Coverage Part Page 48 (a)On the same premises; or (b)On different premises if relocation is required by an ordinance or law to which the Ordinance or Law Coverage Extension applies; with Real Property that is of comparable material and quality, used for the same purpose (unless otherwise required by land use ordinance or law), and in compliance with any ordinance or law to which the Ordinance or Law Coverage Extension applies: iii.In the event of a partial loss: (a)The cost to repair or replace: 1.The damaged portion of the Real Property; and 2.The undamaged portion of the Real Property, as required by an ordinance or law to which the Ordinance or Law Coverage Extension applies; with property of comparable material and quality that is in compliance with any ordinance or law to which the Ordinance or Law Coverage Extension applies; plus (b)The amount you actually spend to demolish and clear the premises of undamaged parts of the Real Property, as required by an ordinance or law to which the Ordinance or Law Coverage Extension applies; or iv.The sum of: (a)The amount you actually spend that is necessary to repair or replace the Real Property with property of comparable material and quality that is in compliance with any ordinance or law to which the Ordinance or Law Coverage Extension applies; plus (b)The amount you actually spend to demolish and clear the premises of undamaged parts of the Real Property, as required by an ordinance or law to which the Ordinance or Law Coverage Extension applies. 2)We will not pay more on a replacement cost basis for loss or damage to property other than Real Property than the least of: i.The Limit or Sublimit applicable to the lost or damaged property; ii.The cost to replace, on the same premises, the lost or damaged property with other property: (a)Of comparable material and quality; and (b)Used for the same purpose. 3)We will not pay on a replacement cost basis for any loss or damage: i.Until the lost or damaged property is actually repaired or replaced; and ii.Unless the repairs or replacement are made as soon as reasonably possible after the loss or damage. 4)You may make a claim for loss or damage covered by this Coverage Agreement on: i.An actual cash value basis; plus ii.The amount you actually spend to demolish and clear the premises of undamaged parts of Real Property, as required by an ordinance or law to which the Ordinance or Law Coverage Extension applies; instead of on a replacement cost basis. In the event you elect to have loss or damage settled on this basis, you may still make a claim on a replacement cost basis if you notify us of your intent to do so within 180 days after the loss or damage. v Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Property Coverage Part Page 49 5)Except as specifically provided in provisions above for the valuation of Real Property, the cost of repair or replacement does not include the increased cost attributable to enforcement of any ordinance or law regulating the construction, use or repair of any property. Such costs are described in and subject to the Ordinance or Law Coverage Extension. b)The following property at actual cash value: 1)Contents of a residence; 2)Manuscripts; 3)Unscheduled Fine Arts; 4)Contractors' Equipment. 5)Roof Surfacing In the event of loss or damage, the value of the property will be determined as of the time of loss or damage. c)Glass at the cost of replacement with safety glazing material if required by law. We will also pay for expenses incurred: 1)To put up temporary plates or board up openings if repair or replacement of damaged glass is delayed; or 2)To remove or replace obstructions when repairing or replacing glass that is part of a building. This does not include removing or replacing window displays. d)Tenant's Improvements and Betterments at: 1)Replacement cost of the lost or damaged property (subject to the provisions of paragraph 1. above) if you repair or replace promptly; 2)A proportion of your original cost if you do not repair or replace promptly. We will determine the proportionate value as follows: i.Multiply the original cost by the number of days from the loss or damage to the expiration of the lease; and ii.Divide the amount determined in (1) above by the number of days from the installation of improvements to the expiration of the lease. If your lease contains a renewal option, the expiration of the renewal option period will replace the expiration of the lease in this procedure. 3)Nothing if others pay for repairs or replacement. e)Valuable Papers and Records and Electronic Data (other than prepackaged software programs), at the cost of: 1)Blank materials for reproducing the records and Electronic Data; and 2)Labor to transcribe or copy the records and Electronic Data when there is a duplicate. In addition, coverage for the cost to research, replace or restore lost Electronic Data and lost information on Valuable Papers and Records for which duplicates do not exist is provided under the Computer Systems, Electronic Data and Media Coverage Extension and the Valuable Papers and Records (including cost of research) Coverage Extension. f)Property in the due course of transit at the amount of invoice, including any prepaid or advanced freight, as well as any costs or charges which have accrued or become legally due since the shipment commenced. In the absence of an invoice, the property will be valued at its actual cash market value at the point of destination on the date of loss, less any charges saved which would have been due and payable upon delivery at the destination. g)In the event of loss or damage under Vehicle Coverage, the value of Covered Vehicles will be v Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Property Coverage Part Page 50 the actual cash value of the vehicle at the time of loss or the cost of repairing or replacing the damaged or stolen property with other property of like kind and quality. Replacement Cost does not apply to Covered Vehicles. h)Agreed Value For any building(s) with Agreed Value declared (indicated with an “AV”) on the Property Schedule, the most we will pay for loss or damage to Real Property and Personal Property is the value stated in the Property Schedule for that location at the time of loss, regardless of actual loss sustained or fair market value determined at time of loss. i)Functional Building Value For any building(s) with Functional Building Value declared on the Property Schedule (indicated with an “F”, value will be determined as follows: a.If you contract for repair or replacement of the loss or damage to restore the building shown in the Declarations for the same occupancy and use, within 180 days of the damage unless we and you otherwise agree, we will pay the smallest of the following, (1), (2), (3) or (4): (1) The Limit or Sublimit shown in the Declarations as applicable to the damaged building; (2) In the event of a total loss, the cost to replace the damaged building on the same site (or on a different site if relocation is required by an ordinance or law as described in the Ordinance or Law Coverage Extension), with a less costly building that is functionally equivalent to the damaged building and in compliance with any ordinance or law to which the Ordinance or Law Coverage Extension applies. (3) In the event of partial loss: (a) The cost to repair or replace the damaged portion of the building with less costly material, if available, in the architectural style that existed before the loss or damage occurred; and (b) The amount you actually spend to demolish and clear the site of undamaged parts of the building as required by an ordinance or law to which the Ordinance or Law Coverage Extension applies. (4) The amount you actually spend: (a) That is necessary to repair or replace the lost or damaged building with less costly material if available; and (b) To demolish and clear the site of undamaged parts of the building as required by an ordinance or law to which the Ordinance or Law Coverage Extension applies. b. If you do not make a claim under Paragraph a. above, we will pay the smallest of the following, (1), (2) or (3): (1) The Limit shown in the Declarations as applicable to the damaged building; (2) The "market value" of the damaged building, exclusive of the land value, at the time of loss; or (3) The amount it would cost to repair or replace the damaged building on the same site, with less costly material in the architectural style that existed before the damage occurred, less allowance for physical deterioration and depreciation. Market Value means the price that the property might be expected to realize if offered for sale in a fair market. 17. Valuation - Loss of Business Income and Extra Expense a)The amount of Business Income loss will be determined based on: v Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Property Coverage Part Page 51 1)The net income of the business before the direct physical loss or damage occurred; 2)The likely Net Income of the business if no direct physical loss or damage had occurred; 3)The operating expenses, including payroll expenses, necessary to resume your business operations with the same quality of service that existed just before the direct physical loss or damage; and 4)Other relevant sources of information, including: i.Your financial records and accounting procedures; ii.Bills, invoices and other vouchers; and iii.Deeds, liens or contracts. b)The amount of Extra Expense will be determined based on: 1)All expenses that exceed the normal operating expenses that would have been incurred by your business operations during the Period of Restoration if no direct physical loss or damage had occurred. We will deduct from the total of such expenses: i.The salvage value that remains of any property bought for temporary use during the Period of Restoration, once Operations are resumed; and ii.Any Extra Expense that is paid for by other insurance, except for insurance that is written subject to the same terms, conditions and provisions as this coverage; and 2)All necessary expenses that reduce the Business Income or Extra Expense loss that otherwise would have been incurred. c)We will reduce the amount of your Business Income loss, to the extent you can resume your Operations, in whole or in part, by using damaged or undamaged property (including merchandise or stock) at the described premises. d)We will reduce the amount of your Extra Expense loss to the extent you can return your Operations to normal and discontinue such Extra Expense. e)If you do not resume your Operations, or do not resume your Operations as quickly as possible, we will pay for your Business Income and Extra Expense loss based on the length of time it would have taken to resume your Operations as quickly as possible. 18. When Loss Is Payable We will pay the amount of Loss determined for covered loss or damage if you have complied with all of the terms of the applicable Property Coverage Part and when: a.We have reached agreement with you on the amount of loss; or b.An award has been made. 19. Unintentional Errors and Omissions The Real and Personal Property covered under this Coverage Part is described on the Property Schedule as submitted by the Covered Member prior to the inception of the Coverage Agreement. However, if any Real and Personal Property of the Covered Member is omitted or undervalued because of negligence, error or oversight of the Covered Member, we will accept that property provided it is usual and incidental to the Covered Member’s Operations. Such omission or undervaluation will not prejudice the Covered Member’s right of recovery under this Coverage Part. The Covered Member agrees to report to us any omission or undervaluation of property as soon as practicable after it is discovered. The most we will pay for any omission or undervaluation of property as described above is the Sublimit reflected in the Property Declarations. This Sublimit is part of and not in addition to the Real and Personal Property Coverage Part Each Occurrence Limit shown on the Declarations. v Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Property Coverage Part Page 52 LOSS PAYABLE PROVISIONS This endorsement modifies Coverage provided under the following: REAL AND PERSONAL PROPERTY COVERAGE PART This endorsement changes the Coverage Agreement effective on the inception date of the Coverage Agreement unless another date is indicated above. SCHEDULE Loss Payable Provision Applicable Loss Payable Lender’s Loss Payable Contract of Sale Loss Payable Provision Applicable Loss Payee: Per Schedule on file with the company Description of Activities / Operations / Designated Premises: Per Schedule on file with the company Providing the certificate of coverage that this endorsement is attached to has been issued and is on file with the Company, the following is added to the Loss Payment Condition in the Real and Personal Property Coverage form, as indicated by an "X" in the Schedule: A. Loss Payable For Covered Property in which both you and a Loss Payee shown in the Schedule have a covered interest, we will: 1. Adjust losses with you; and 2. Pay any claim for loss or damage jointly to you and the Loss Payee, as interests may appear. B. Lender's Loss Payable 1. The Loss Payee shown in the Schedule is a creditor, including a mortgage holder or trustee, whose interest in Covered Property is established by such written instruments as: a. Warehouse receipts; b. A contract for deed; c. Bills of lading; d. Financing statements; or 2. For Covered Property in which both you and a Loss Payee have a covered interest: a. We will pay for covered loss or damage to each Loss Payee in their order of precedence, as interests may appear. b. The Loss Payee has the right to receive loss payment even if the Loss Payee has started foreclosure or similar action on the Covered Property. c. If we deny your claim because of your acts or because you have failed to comply with the terms of the Coverage Part, the Loss Payee will still have the right to receive loss payment if the Loss Payee: 1) Pays any premium due under this Coverage Part at our request if you have failed to do so; 2) Submits a signed, sworn proof of loss within 60 days after receiving notice from us of your failure to do so; and 3) Has notified us of any change in ownership, occupancy or substantial change in risk known to the Loss Payee. All of the terms of this v Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Property Coverage Part Page 53 Coverage Part will then apply directly to the Loss Payee. d. If we pay the Loss Payee for any loss or damage and deny payment to you because of your acts or because you have failed to comply with the terms of this Coverage Part: 1) The Loss Payee's rights will be transferred to us to the extent of the amount we pay; and 2) The Loss Payee's rights to recover the full amount of the Loss Payee's claim will not be impaired. At our option, we may pay to the Loss Payee the whole principal on the debt plus any accrued interest. In this event, you will pay your remaining debt to us. 3.If we cancel this Coverage Agreement, we will provide notice to the Lender Loss Payee at least: a. 10 days before the effective date of cancellation if we cancel for your nonpayment of premium or noncompliance; or b. 90 days before the effective date of cancellation if we cancel for any other reason. c. Cancellation Notices to the Lender Loss Payee hereunder shall be sufficient if: via email to the certificate contact email on file, or via mail to the certificate holder address on file. 4.If we elect not to renew this Coverage Agreement, we will provide notice to the Lender Loss Payee at least 10 days before the expiration date of this Coverage Agreement. a. Cancellation Notices to the Lender Loss Payee hereunder shall be sufficient if: via email to the certificate contact email on file, or via mail to the certificate holder address on file. C. Contract of Sale 1.The Loss Payee shown in the Schedule is a person or organization you have entered a contract with for the sale of Covered Property. 2.For Covered Property in which both you and the Loss Payee have an insurable interest we will: a. Adjust losses with you; and b. Pay any claim for loss or damage jointly to you and the Loss Payee, as interests may appear. 3.The following is added to the Other Insurance Condition in the Real and Personal Property Coverage form: For Covered Property that is the subject of a contract of sale, the word "you" includes the Loss Payee. All other terms and conditions remain unchanged. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Property Coverage Part Endorsement Page 54 DOMESTIC ABUSE This endorsement modifies coverage provided under the following: REAL AND PERSONAL PROPERTY COVERAGE PART A.The following exclusion and related provisions are added to Paragraph B.2. Exclusions: 1.We will not pay for loss or damage arising out of any act committed: a.By or at the direction of any Covered Member; and b.With the intent to cause a loss. 2.However, this exclusion or the Concealment, Misrepresentation Or Fraud Condition will not apply to deny a Covered Member's claim for an otherwise covered property loss if such loss is caused by an act of "domestic abuse" by another Covered Member under the Coverage Agreement, and the Covered Member making a claim: a.Files a police report and cooperates with any law enforcement investigation relating to the act of "domestic abuse"; and b.Did not cooperate in or contribute to the creation of the loss. 3.If we pay a claim pursuant to Paragraph A.2., our payment to the Covered Member is limited to that Covered Member's insurable interest in the property less any payments we first made to a mortgagee or other party with a legal secured interest in the property. In no event will we pay more than the Limit of Coverage. B.The following is added to the Transfer Of Rights Of Recovery Against Others To Us Condition in the Property Conditions and Definitions form: If we pay a Covered Member, who is a victim of "domestic abuse", for a loss caused by an act of "domestic abuse", the rights of that Covered Member to recover damages from the perpetrator of the abuse are transferred to us to the extent of our payment. That Covered Member may not waive such rights to recover against the perpetrator of the "domestic abuse". C.As used in this endorsement, "domestic abuse" means: 1.Physical harm, bodily injury, assault or the infliction of fear of imminent physical harm, bodily injury or as- sault between family or household members; 2.Sexual assault of one family or household member by another; 3.Stalking, as defined in RCW 9A.46.110 of one family or household member by another family or household member; or 4.Intentionally, knowingly or recklessly causing damage to property so as to intimidate or attempt to control the behavior of another family or household member. All other terms and conditions remain unchanged. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Mortgagee Clause Page 55 MORTGAGEE CLAUSE This mortgagee clause is to be attached only to coverage agreements covering building(s). Not more than one mortgagee clause should be attached to any coverage agreement Subject to the terms, covenants and conditions set forth in this rider, loss (if any) under this coverage agreement, on buildings only, shall be payable: Per schedules on file with the company As mortgagee(s) under any present or future mortgage upon the property described in and covered by this coverage agreement, as interest may appear, and in order of precedence of said mortgages. 1.The terms "mortgage", "mortgagee" and "mortgagor" wherever used in this rider shall be deemed to include deeds of trust and the respective parties thereto. 2.This coverage, as to the interest of the mortgagee only therein, shall not be invalidated by any act or neglect of the mortgagor or owner of the described property, nor by the use of the premises for purposes more hazardous than permitted by this coverage agreement. 3.Any mortgagee who shall have or acquire knowledge that the premises are being used for purposes more hazardous than are permitted by this coverage agreement or that the premises have been vacant or unoccupied beyond the period permitted by this coverage agreement, shall forthwith notify this company thereof and shall cause the consent of the company thereto to be noted on this coverage agreement; and in the event of failure so to do, all rights of such mortgagee hereunder shall forthwith terminate. 4.In case the mortgagor or owner shall fail to pay any premium due or to become due under this coverage agreement, the mortgagee hereby covenants and agrees to pay the same on demand. The mortgagee also covenants and agrees to pay on demand the premium for any increased hazard for the term of the existence thereof. 5.This company shall not be liable to the mortgagee for a greater proportion of any loss than the amount hereby covered shall bear to the whole insurance covering the property against the peril involved, under policies issued to, held by, or payable to the mortgagee, whether collectible or not. 6.The coverage agreement provisions relating to "mortgagee interests and obligations" are specifically referred to and made a part of this rider. All other terms and conditions remain unchanged. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Property Coverage Part Endorsement Page 56 MORTGAGEHOLDERS CONDITION This endorsement modifies coverage provided under the following: REAL AND PERSONAL PROPERTY COVERAGE PART This endorsement changes the Coverage Agreement effective on the inception date of the Coverage Agreement unless another date is indicated above. The following condition is added to the Property Conditions and Definitions form: Mortgageholders 1.The term mortgageholder includes trustee. 2.We will pay for covered loss of or damage to buildings or structures to each mortgageholder shown in the Declarations in their order of precedence, as interests may appear. 3.The mortgageholder has the right to receive loss payment even if the mortgageholder has started foreclosure or similar action on the building or structure. 4.If we deny your claim because of your acts or because you have failed to comply with the terms of this Coverage Part, the mortgageholder will still have the right to receive loss payment if the mortgageholder: a.Pays any premium due under this Coverage Part at our request if you have failed to do so; b.Submits a signed, sworn proof of loss within 60 days after receiving notice from us of your failure to do so; and c.Has notified us of any change in ownership, occupancy or substantial change in risk known to the mortgageholder. All of the terms of this Coverage Part will then apply directly to the mortgageholder. 5.If we pay the mortgageholder for any loss or damage and deny payment to you because of your acts or because you have failed to comply with the terms of this Coverage Part: a.The mortgageholder's rights under the mortgage will be transferred to us to the extent of the amount we pay; and b.The mortgageholder's right to recover the full amount of the mortgageholder's claim will not be impaired. At our option, we may pay to the mortgageholder the whole principal on the mortgage plus any accrued interest. In this event, your mortgage and note will be transferred to us and you will pay your remaining mortgage debt to us. 6.If we cancel this Coverage Agreement, we will give written notice to the mortgageholder at least: a.10 days before the effective date of cancellation if we cancel for your nonpayment of premium; or b.90 days before the effective date of cancellation if we cancel for any other reason. 7.If we elect not to renew this Coverage Agreement, we will give written notice to the mortgageholder at least 10 days before the expiration date of this Coverage Agreement. All other terms and conditions remain unchanged. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Pollution Exclusion Amendment Page 57 POLLUTION EXCLUSION AMENDMENT This endorsement modifies coverage provided under the following: REAL AND PERSONAL PROPERTY COVERAGE PART This endorsement changes the Coverage Agreement effective on the inception date of the Coverage Agreement unless another date is indicated above. Exclusion 2. j. of B. EXCLUSIONS is deleted and replaced by the following: j. Discharge, dispersal, seepage, migration, release or escape of Pollutants unless the discharge, dispersal, seepage, migration, release or escape is itself caused by any of the Named Causes of Loss. But if the discharge, dispersal, seepage, migration, release or escape of Pollutants results in a Named Cause of Loss, we will pay for the loss or damage caused by that Named Cause of Loss. All other terms and conditions remain unchanged. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Property Coverage Part Endorsement Page 58 REAL AND PERSONAL PROPERTY COVERAGE ADDITIONAL TERMS, CONDITIONS, AND DEFINITIONS This endorsement modifies coverage provided under the following: REAL AND PERSONAL PROPERTY COVERAGE PART This endorsement changes the Coverage Agreement effective on the inception date of the Coverage Agreement unless another date is indicated above. A.The following definition is added: VEHICLES The word "vehicles" as used in this Coverage Part means vehicles running on land or tracks, but not aircraft. B.In Condition 5. Duties In The Event Of Loss Or Damage Condition in the Real and Personal Property Coverage Part, the duty to notify the police if a law may have been broken does not apply. C.The term Volcanic Action in Section B. Exclusions, Paragraph 1.b.(5) is replaced by the following: 1. Volcanic Action Volcanic Action means direct loss or damage resulting from the eruption of a volcano when the loss or damage is caused by: a. Volcanic blast or airborne shock waves; or b. Ash, dust or particulate matter. This endorsement does not provide coverage for damage to: (1)Land; (2)Property in the open or in open sheds; or (3)Portions of buildings not completely enclosed, or personal property contained within those buildings. All volcanic eruptions that occur within any 168-hour period will constitute a single occurrence. 2.Removal Direct loss includes the cost to: a.Remove the ash, dust or particulate matter from the interior and exterior surfaces of the covered building; and b.Clean equipment and stock. If stock cannot be returned to its state before the volcanic eruption, the measure of loss will be the reduction in actual cash value. Payment for removal applies only to the initial deposit of ash, dust or particulate matter following a volcanic eruption. Subsequent deposits arising from the movement of volcanic dust or ash by wind or other means are not covered. The following provision applies only to Business Income And Extra Expense: The Period of Restoration arising from the need for removal is the time necessary to remove the matter described with reasonable speed from the Covered Property. 3.Volcanic Action does not include loss caused by, resulting from, contributed to or aggravated by: a.Fire; b.Explosion; c.Flood, surface water, waves, tides, tidal waves, overflow of any body of water, or their spray, all whether driven by wind or not; or d.Earth movement, including but not limited to earthquake, volcanic eruption, landslide, mine subsidence, lava flow, mud flow, earth sinking, earth rising or shifting. 4.Legal Action Against Us The following is added to the Property Conditions: Legal Action Against Us No one may bring a legal action against us under the applicable Property Coverage Part unless: 1. There has been full compliance with all of the terms of the applicable Property Coverage Part; and 2. The action is brought within 2 years after the date on which the direct physical loss or damage occurred. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Property Coverage Part Endorsement Page 59 If this action is brought pursuant to Sec. 3 of RCW 48.30 then 20 days prior to filing such action, you are required to provide written notice of the basis for the cause of action to us and the office of the Insurance Commissioner. Such notice may be sent by regular mail, registered mail, or certified mail with the return receipt requested. . Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Property Coverage Part Endorsement Page 60 COLLAPSE ADDITIONAL COVERAGE This endorsement modifies coverage provided under the following: REAL AND PERSONAL PROPERTY COVERAGE PART This endorsement changes the Coverage Agreement effective on the inception date of the Coverage Agreement unless another date is indicated above. A. Additional Coverage - Collapse The coverage provided under this Additional Coverage, Collapse, applies only to an abrupt collapse as de- scribed and limited in A.1. through A.7. 1. For the purpose of this Additional Coverage, Collapse, abrupt collapse means an abrupt falling down or caving in of a building or any part of a building with the result that the building or part of the building cannot be occupied for its intended purpose. 2. We will pay for direct physical loss or damage to Covered Property, caused by abrupt collapse of a building or any part of a building that is covered under this Coverage Part or that contains Covered Property covered under this Coverage Part, if such collapse is caused by one or more of the following: a. Building decay that is hidden from view, unless the presence of such decay is known to a Covered Member prior to collapse; b. Insect or vermin damage that is hidden from view, unless the presence of such damage is known to a Covered Member prior to collapse; c. Use of defective material or methods in construction, remodeling or renovation if the abrupt collapse occurs during the course of the construction, remodeling or renovation. d. Use of defective material or methods in construction, remodeling or renovation if the abrupt collapse occurs after the construction, remodeling or renovation is complete, but only if the collapse is caused in part by: (1) A cause of loss listed in 2.a. or 2.b.; (2) One or more of the "specified causes of loss"; (3) Breakage of building glass; (4) Weight of people or personal property; or (5) Weight of rain that collects on a roof. 3. This Additional Coverage - Collapse does not apply to: a. A building or any part of a building that is in danger of falling down or caving in; b. A part of a building that is standing, even if it has separated from another part of the building; or c. A building that is standing or any part of a building that is standing, even if it shows evidence of cracking, bulging, sagging, bending, leaning, settling, shrinkage or expansion. 4. With respect to the following property: a. Outdoor radio or television antennas (including satellite dishes) and their lead-in wiring, masts or towers; b. Awnings, gutters and downspouts; c. Yard fixtures; d. Outdoor swimming pools; e. Fences; f. Piers, wharves and docks; g. Beach or diving platforms or appurtenances; h. Retaining walls; and i. Walks, roadways and other paved surfaces; if an abrupt collapse is caused by a cause of loss listed in 2.a. through 2.d., we will pay for loss or damage to that property only if: (1) Such loss or damage is a direct result of the abrupt collapse of a building covered under this Cover- age Part; and . Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Property Coverage Part Endorsement Page 61 (2) The property is Covered Property under this Coverage Part. 5. If personal property abruptly falls down or caves in and such collapse is not the result of abrupt collapse of a building, we will pay for loss or damage to Covered Property caused by such collapse of personal proper- ty only if: a.The collapse of personal property was caused by a cause of loss listed in 2.a. through 2.d.; b.The personal property which collapses is inside a building; and c.The property which collapses is not of a kind listed in 4., regardless of whether that kind of property is considered to be personal property or real property. The coverage stated in this Paragraph 5. does not apply to personal property if marring and/or scratching is the only damage to that personal property caused by the collapse. 6. This Additional Coverage, Collapse, does not apply to personal property that has not abruptly fallen down or caved in, even if the personal property shows evidence of cracking, bulging, sagging, bending, leaning, settling, shrinkage or expansion. 7. This Additional Coverage, Collapse, will not increase the Limits of Insurance provided in this Coverage Part. 8. The term Covered Cause of Loss includes the Additional Coverage, Collapse, as described and limited in A.1. through A.7. B. Definitions 1.Specified causes of loss means the following: fire; lightning; explosion; windstorm or hail; smoke; aircraft or vehicles; riot or civil commotion; vandalism; leakage from fire-extinguishing equipment; sinkhole col- lapse; volcanic action; falling objects; weight of snow, ice or sleet; water damage. a.Sinkhole collapse means the sudden sinking or collapse of land into underground empty spaces created by the action of water on limestone or dolomite. This cause of loss does not include: (1) The cost of filling sinkholes; or (2) Sinking or collapse of land into man-made underground cavities. b. Falling objects does not include loss or damage to: (1) Personal property in the open; or (2) The interior of a building or structure, or property inside a building or structure, unless the roof or an outside wall of the building or structure is first damaged by a falling object. c.Water damage means: (1) Accidental discharge or leakage of water or steam as the direct result of the breaking apart or cracking of a plumbing, heating, air conditioning or other system or appliance (other than a sump system including its related equipment and parts), that is located on the described premises and contains water or steam; and (2) Accidental discharge or leakage of water or waterborne material as the direct result of the breaking apart or cracking of a water or sewer pipe that is located off the described premises and is part of a municipal potable water supply system or municipal sanitary sewer system, if the breakage or cracking is caused by wear and tear. But water damage does not include loss or damage otherwise excluded under the terms of the Water Exclusion. Therefore, for example, there is no coverage under this Coverage Agreement in the situation in which discharge or leakage of water results from the breaking apart or cracking of a pipe which was caused by or related to weather-induced flooding, even if wear and tear contributed to the breakage or cracking. As another example, and also in accordance with the terms of the Water Exclusion, there is no coverage for loss or damage caused by or related to weather-induced flooding which follows or is exacerbated by pipe breakage or cracking attributable to wear and tear. To the extent that accidental discharge or leakage of water falls within the criteria set forth in c.(1) or c.(2) of this definition of "specified causes of loss," such water is not subject to the provisions of the Water Exclusion which preclude coverage for surface water or water under the surface of the ground. All other terms and conditions remain unchanged. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Unmanned Aircraft Coverage Endorsement Page 62 UNMANNED AIRCRAFT – COVERED PROPERTY This endorsement modifies coverage provided under the following: REAL AND PERSONAL PROPERTY COVERAGE PART This endorsement changes the Coverage Agreement effective on the inception date of the Coverage Agreement unless another date is indicated above. A.1. The following is added to Paragraph A. Coverage Clause: We will pay for direct physical loss of or damage to Unmanned Aircraft, described in the Schedule on file with NPIP and owned by the Covered Member, caused by or resulting from a Covered Cause of Loss under this Coverage Agreement. Endorsements (if any) in this Coverage Agreement that add a Covered Cause of Loss or modify the Causes of Loss also apply to the Unmanned Aircraft coverage provided under this endorsement. However, if Equipment Breakdown Coverage is endorsed to this Coverage Agreement, it does not apply to the Unmanned Aircraft coverage provided under this endorsement. 2.The following is added to Paragraph A. Coverage Clause, Section 2. Covered Property: Unmanned Aircraft described in the Schedule on file with NPIP and owned by the Covered Member. 3.Paragraph A. Coverage Clause, sub-paragraph n. in Section 3. Property Not Covered is deleted and replaced with the following: n.Automobiles – except as provided in coverage extension 17 – Vehicle Coverage, trailers, aircraft (except for the specified Unmanned Aircraft described in the Schedule on file with NPIP and owned by the Covered Member) and watercraft (except rowboats or canoes out of water at the described premises). B.The following is added to Paragraph B. Exclusions for the coverage provided under this endorsement: We will not provide coverage for loss of or damage to any Unmanned Aircraft: 1.When such loss or damage occurs while an Unmanned Aircraft is being used to convey merchandise or goods for delivery to others; 2.When such loss or damage is caused by or results from an Unmanned Aircraft being used in any professional or organized racing or demolition contest or stunting activity, while practicing for such contest or activity, or while being prepared for such contest or activity; 3.When such loss or damage occurs while an Unmanned Aircraft is rented, leased or loaned to others; 4.Caused by or resulting from mechanical or equipment breakdown, malfunction or failure to operate. But if mechanical or equipment breakdown, malfunction or failure to operate results in a Covered Cause of Loss, we will pay for the loss or damage caused by that Covered Cause of Loss C.Exclusion 2.d.(7)(a) and (b) and Exclusion 2.i. under Paragraph B. Exclusions, are not excluded with respect to operations by an Unmanned Aircraft as covered under this endorsement, but coverage applies only if one or more of such conditions result in fire, explosion or collision: Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Unmanned Aircraft Coverage Endorsement Page 63 i.Dampness or dryness of atmosphere; ii.Changes in or extremes of temperature; or iii.Rain, snow, ice or sleet to personal property in the open, but if this Coverage Agreement contains a Windstorm or Hail Exclusion, then the terms of that exclusion apply. D.The coverages provided in Paragraph C. Coverage Extensions do not apply with respect to Unmanned Aircraft. E.The coverage afforded under this endorsement is subject to Paragraph D. Deductibles and Paragraph E. Sum Covered and any endorsements in this Coverage Agreement modifying such Paragraphs only if not contrary to the provisions of this endorsement. F.The following is added to Definitions, under the Real and Personal Property Coverage form: Unmanned Aircraft Means An aircraft that is not: 1.Designed; 2.Manufactured; or 3.Modified after manufacture; To be controlled directly by a person from within or on the aircraft. Unmanned Aircraft includes: i.Equipment designed for and used exclusively with such Unmanned Aircraft, provided such equipment is essential for operation of the Unmanned Aircraft or for executing operations by the Unmanned Aircraft; and ii.Personal Property owned by you and used in your business, as covered under this Coverage Agreement, while such personal property is airborne as part of operations by the Unmanned Aircraft. All other terms and conditions remain unchanged. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Crime Coverage Part Page 64 CRIME COVERAGE PART A.COVERAGE CLAUSES Coverage is provided under the following Coverage Clauses for which a Sublimit of Coverage is shown in the Declarations for such Agreement and applies to loss that you sustain resulting directly from an Occurrence taking place during the Coverage Period shown in the Declarations, except as provided in Condition E.1.k. or E.1.l., which is Discovered by you during the Coverage Period shown in the Declarations or during the period of time provided in the Extended Period To Discover Loss Condition E.1.g.: 1.Employee Theft - Per Loss Coverage We will pay for loss of or damage to Money, Securities and Other Property resulting directly from Theft committed by an Employee, whether identified or not, acting alone or in collusion with other persons. For the purposes of this Coverage Clause, Theft shall also include Forgery. 2.Employee Theft - Per Employee Coverage We will pay for loss of or damage to Money, Securities and Other Property resulting directly from Theft committed by each Employee, whether identified or not, acting alone or in collusion with other persons. For the purposes of this Coverage Clause, Theft shall also include Forgery. 3.Forgery Or Alteration a.We will pay for loss resulting directly from Forgery or alteration of checks, drafts, promissory notes, or similar written promises, orders or directions to pay a sum certain in Money that are: (1)Made or drawn by or drawn upon you; or (2)Made or drawn by one acting as your agent; or that are purported to have been so made or drawn. For the purposes of this Coverage Clause, a substitute check as defined in the Check Clearing for the 21st Century Act shall be treated the same as the original it replaced. b.If you are sued for refusing to pay any instrument covered in Paragraph 3.a., on the basis that it has been forged or altered, and you have our written consent to defend against the suit, we will pay for any reasonable legal expenses that you incur and pay in that defense. The amount that we will pay is in addition to the Sublimit of Coverage applicable to this Coverage Agreement. 4.Inside The Premises - Theft Of Money And Securities a.We will pay for loss of Money and Securities inside the Premises or Banking Premises: (1)Resulting directly from Theft committed by a person present inside such Premises or Banking Premises; or (2)Resulting directly from disappearance or destruction. b.We will pay for loss from damage to the Premises or its exterior resulting directly from an actual or attempted Theft of Money and Securities, if you are the owner of the Premises or are liable for damage to it. c.We will pay for loss of or damage to a locked safe, vault, cash register, cash box or cash drawer located inside the Premises resulting directly from an actual or attempted Theft of or unlawful entry into those Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Crime Coverage Part Page 65 containers. 5.Inside The Premises - Robbery Or Safe Burglary Of Other Property a.We will pay for loss of or damage to Other Property: (1)Inside the Premises resulting directly from an actual or attempted Robbery of a Custodian; or (2)Inside the Premises in a safe or vault resulting directly from an actual or attempted Safe Burglary. b.We will pay for loss from damage to the Premises or its exterior resulting directly from an actual or attempted Robbery or Safe Burglary of Other Property, if you are the owner of the Premises or are liable for damage to it. c.We will pay for loss of or damage to a locked safe or vault located inside the Premises resulting directly from an actual or attempted Robbery or Safe Burglary. 6.Outside The Premises a.We will pay for loss of Money and Securities outside the Premises in the care and custody of a Messenger or an armored motor vehicle company resulting directly from Theft, disappearance or destruction. b.We will pay for loss of or damage to Other Property outside the Premises in the care and custody of a Messenger or an armored motor vehicle company resulting directly from an actual or attempted Robbery. 7.Computer Fraud We will pay for loss of or damage to Money, Securities and Other Property resulting directly from the use of any computer to fraudulently cause a transfer of that property from inside the Premises or Banking Premises: a.To a person (other than a Messenger) outside those Premises; or b.To a place outside those Premises. 8.Funds Transfer Fraud We will pay for loss of Funds resulting directly from a Fraudulent Instruction directing a financial institution to transfer, pay or deliver Funds from your Transfer Account. 9.Money Orders And Counterfeit Paper Currency We will pay for loss resulting directly from your having accepted in good faith, in exchange for merchandise, Money or services: a.Money orders issued by any post office, express company or bank that are not paid upon presentation; or b.Counterfeit Money that is acquired during the regular course of business. B.EXCLUSIONS 1.This coverage does not cover: a.Loss resulting from Theft or any other dishonest act committed by: (1)You; or (2)Any of your partners or Members, whether acting alone or in collusion with other persons. b.Loss caused by an Employee if the Employee had also committed Theft Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Crime Coverage Part Page 66 or any other dishonest act prior to the effective date of this coverage and you or any of your partners, Members, Managers, officers, directors or trustees, not in collusion with the Employee, learned of that Theft or dishonest act prior to the Coverage Period shown in the Declarations. c.Loss resulting from Theft or any other dishonest act committed by any of your Employees, Managers, directors, trustees or authorized representatives: (1)Whether acting alone or in collusion with other persons; or (2)While performing services for you or otherwise; except when covered under Coverage Clause A.1. or A.2. d.Loss resulting from: (1) The unauthorized disclosure of your confidential information including, but not limited to, patents, trade secrets, processing methods or customer lists; or (2) The unauthorized use or disclosure of confidential information of another person or entity which is held by you including, but not limited to, financial information, personal information, credit card information or similar non- public information. e.Loss resulting from seizure or destruction of property by order of governmental authority. f.Loss that is an indirect result of an Occurrence covered by this coverage including, but not limited to, loss resulting from: (1)Your inability to realize income that you would have realized had there been no loss of or damage to Money, Securities or Other Property. (2)Payment of damages of any type for which you are legally liable. But, we will pay compensatory damages arising directly from a loss covered under this coverage. (3)Payment of costs, fees or other expenses you incur in establishing either the existence or the amount of loss under this coverage. g.Fees, costs and expenses incurred by you which are related to any legal action, except when covered under Coverage Clause A.3. h.Loss or damage resulting from nuclear reaction or radiation, or radioactive contamination, however caused. i.Loss or damage caused by or resulting from pollution. Pollution means the discharge, dispersal, seepage, migration, release or escape of any solid, liquid, gaseous or thermal irritant or contaminant, including smoke, vapor, soot, fumes, acids, alkalis, chemicals and waste. Waste includes materials to be recycled, reconditioned or reclaimed. j.Loss or damage resulting from: (1)War, including undeclared or civil war; (2)Warlike action by a military force, including action in hindering or defending against an actual or expected attack, by any government, sovereign or other authority using military personnel or other agents; or (3)Insurrection, rebellion, revolution, usurped power, or action taken by governmental authority in hindering or defending against any of these. 2.Coverage Clauses A.1. and A.2. do not cover: a.Loss caused by any Employee required by law to be individually bonded. b.Loss, or that part of any loss, the proof of which as to its existence or Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Crime Coverage Part Page 67 amount is dependent upon: (1)An inventory computation; or (2)A profit and loss computation. However, where you establish wholly apart from such computations that you have sustained a loss, then you may offer your inventory records and actual physical count of inventory in support of the amount of loss claimed. c.Loss resulting from trading, whether in your name or in a genuine or fictitious account. d.Loss resulting from the fraudulent or dishonest signing, issuing, canceling or failing to cancel, a warehouse receipt or any papers connected with it. 3.Coverage Clauses A.4., A.5. and A.6. do not cover: a.Loss resulting from accounting or arithmetical errors or omissions. b.Loss resulting from the giving or surrendering of property in any exchange or purchase. c.Loss or damage resulting from fire, however caused, except: (1)Loss of or damage to Money and Securities; and (2)Loss from damage to a safe or vault. d.Loss of property contained in any money operated device unless the amount of Money deposited in it is recorded by a continuous recording instrument in the device. e.Loss of or damage to motor vehicles, trailers or semi-trailers or equipment and accessories attached to them. f.(1) Loss of or damage to property after it has been transferred or surrendered to a person or place outside the Premises or Banking Premises: (a)On the basis of unauthorized instructions; (b)As a result of a threat to do bodily harm to any person; (c)As a result of a threat to do damage to any property; (d)As a result of a threat to introduce a denial of service attack into your computer system; (e)As a result of a threat to introduce a virus or other malicious instruction into your computer system which is designed to damage, destroy or corrupt data or computer programs stored within your computer system; (f)As a result of a threat to contaminate, pollute or render substandard your products or goods; or (g)As a result of a threat to disseminate, divulge or utilize: (i)Your confidential information; or (ii)Weaknesses in the source code within your computer system. (2) But, this Exclusion does not apply under Coverage Clause A.6. to loss of Money, Securities or Other Property while outside the Premises in the care and custody of a Messenger if you: (a)Had no knowledge of any threat at the time the conveyance began; or (b)Had knowledge of a threat at the time the conveyance began, but the loss was not related to the threat. g.Loss from damage to the Premises or its exterior, or to any safe, vault, cash register, cash box, cash drawer or Other Property by vandalism or Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Crime Coverage Part Page 68 malicious mischief. h.Loss resulting from your, or anyone acting on your express or implied authority, being induced by any dishonest act to voluntarily part with title to or possession of any property. 4.Coverage Clause A.7. does not cover: a.Loss resulting from the use or purported use of credit, debit, charge, access, convenience, identification, stored-value or other cards or the information contained on such cards. b.Loss resulting from a Fraudulent Instruction directing a financial institution to transfer, pay or deliver Funds from your Transfer Account. c.Loss, or that part of any loss, the proof of which as to its existence or amount is dependent upon: (1)An inventory computation; or (2)A profit and loss computation. 5.Coverage Clause A.8. does not cover loss resulting from the use of any computer to fraudulently cause a transfer of Money, Securities or Other Property. C.LIMITS OF COVERAGE 1.The most we will pay for any one Occurrence for all applicable Coverage Clauses of this Coverage Part is the Crime Coverage Part Limit of Coverage shown in the Declarations. 2.Subject to 1. above: a.The most we will pay for any one Occurrence under any Coverage Clause, except Coverage Clause A.2., is the applicable Sublimit of Coverage, if any, shown in the Declarations; and b.The most we will pay for any one Occurrence per Employee under Coverage Clause A.2. is the Sublimit of Coverage, if any, shown in the Declarations for such Coverage Clause. c.The most we will pay under this Coverage Part is the Covered Member Aggregate Limit in the Declarations. d.For all claims in this coverage term, the most we will pay under this Coverage Part is the Group Aggregate Limit in the Declarations. 3.All Limits of Coverage under this Coverage Part apply only once regardless of: a.The number of persons or organizations who are Covered Parties; b.The number of claims made by or against any or all Covered Parties; or c.The number of persons or organizations making claims. D.DEDUCTIBLE Your Deductible will not exceed the amount shown in the Crime Declarations for the applicable coverage agreement. E.CONDITIONS The following Conditions apply in addition to the common conditions in the COVERAGE AGREEMENT – COMMON CONDITIONS, DEFINITIONS AND EXCLUSIONS form.: Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Crime Coverage Part Page 69 1.Conditions Applicable To All Coverage Clauses a.Additional Premises Or Employees If, while this coverage is in force, you establish any additional Premises or hire additional Employees, other than through consolidation or merger with, or purchase or acquisition of assets or liabilities of, another entity, such Premises and Employees shall automatically be covered under this coverage. Notice to us of an increase in the number of Premises or Employees need not be given and no additional premium need be paid for the remainder of the Coverage Period shown in the Declarations. b.Concealment, Misrepresentation Or Fraud This coverage is void in any case of fraud by you as it relates to this coverage at any time. It is also void if you or any other Covered Party, at any time, intentionally conceal or misrepresent a material fact concerning: (1)This coverage; (2)The property covered under this coverage; (3)Your interest in the property covered under this coverage; or (4)A claim under this coverage. c.Cooperation You must cooperate with us in all matters pertaining to this coverage as stated in its terms and conditions. d.Consolidation - Merger Or Acquisition If you consolidate or merge with, or purchase or acquire the assets or liabilities of, another entity: (1)You must give us written notice as soon as possible and obtain our written consent to extend the coverage provided by this coverage to such consolidated or merged entity or such purchased or acquired assets or liabilities. We may condition our consent by requiring payment of an additional premium; but (2)For the first 90 days after the effective date of such consolidation, merger or purchase or acquisition of assets or liabilities, the coverage provided by this coverage shall apply to such consolidated or merged entity or such purchased or acquired assets or liabilities, provided that all Occurrences causing or contributing to a loss involving such consolidation, merger or purchase or acquisition of assets or liabilities, must take place after the effective date of such consolidation, merger or purchase or acquisition of assets or liabilities. e.Duties In The Event Of Loss After you Discover a loss or a situation that may result in loss of or damage to Money, Securities or Other Property you must: (1)Notify us as soon as possible. If you have reason to believe that any loss (except for loss covered under Coverage ClauseA.1., A.2. or A.3.) involves a violation of law, you must also notify the local law enforcement authorities. (2)Submit to examination under oath at our request and give us a signed statement of your answers. (3)Produce for our examination all pertinent records. (4)Give us a detailed, sworn proof of loss within 120 days. (5)Cooperate with us in the investigation and settlement of any claim. f.Employee Benefit Plans Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Crime Coverage Part Page 70 (1)Employee Benefit Plans the Covered Member sponsors, establishes, or maintains for its employees (hereafter referred to as Plan) are included as Covered Parties under Coverage Clause A.1. (2)If any Plan is covered jointly with any other entity under this coverage, you or the Plan Administrator must select a Limit of Coverage for Coverage Clause A.1. that is sufficient to provide a Limit of Coverage for each Plan that is at least equal to that required if each Plan were separately covered. (3)With respect to loss sustained or Discovered by any such Plan, Coverage Clause A.1. is replaced by the following: We will pay for loss of or damage to Funds and Other Property resulting directly from fraudulent or dishonest acts committed by an Employee, whether identified or not, acting alone or in collusion with other persons. (4)If the Covered Member is an entity other than a Plan, any payment we make for loss sustained by any Plan will be made to the Plan sustaining the loss. (5)If two or more Plans are covered under this coverage, any payment we make for loss: (a)Sustained by two or more Plans; or (b)Of commingled Funds or Other Property of two or more Plans; resulting directly from an Occurrence will be made to each Plan sustaining loss in the proportion that the Limit of Coverage required for each Plan bears to the total Limit of Coverage of all Plans sustaining loss. g.Extended Period To Discover Loss We will pay for loss that you sustained prior to the effective date of cancellation of this coverage, which is Discovered by you: (1)No later than 1 year from the date of that cancellation. However, this extended period to Discover loss terminates immediately upon the effective date of any Other Insurance obtained by you, whether from us or another insurer, replacing in whole or in part the coverage afforded under this coverage, whether or not such Other Insurance provides coverage for loss sustained prior to its effective date. (2)No later than 1 year from the date of that cancellation with regard to any Employee Benefit Plans. h.Joint Covered Party (1)If more than one Covered Party is named in the Declarations, the Covered Member will act for itself and for every other Covered Party for all purposes of this coverage. If the Covered Member ceases to be covered, then the next Covered Member will become the Covered Member. (2)If any Covered Party, or partner, Member, officer of that Covered Party has knowledge of any information relevant to this coverage, that knowledge is considered knowledge of every Covered Party. (3)An Employee of any Covered Party is considered to be an Employee of every Covered Party. (4)If this coverage or any of its coverages is cancelled as to any Covered Party, loss sustained by that Covered Party is covered only if it is Discovered by you: (a)No later than 1 year from the date of that cancellation. However, this extended period to Discover loss Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Crime Coverage Part Page 71 terminates immediately upon the effective date of any Other Insurance obtained by that Covered Party, whether from us or another insurer, replacing in whole or in part the coverage afforded under this coverage, whether or not such Other Insurance provides coverage for loss sustained prior to its effective date. (b)No later than 1 year from the date of that cancellation with regard to any Employee Benefit Plans. (5)We will not pay more for loss sustained by more than one Covered Party than the amount we would pay if all such loss had been sustained by one Covered Party. (6)Payment by us to the Covered Member for loss sustained by any Covered Party, other than an Employee Benefit Plan, shall fully release us on account of such loss. i.Legal Action Against Us You may not bring any legal action against us involving loss: (1)Unless you have complied with all the terms of this coverage; (2)Until 90 days after you have filed proof of loss with us; and (3)Unless brought within 2 years from the date you Discovered the loss. If any limitation in this Condition is prohibited by law, such limitation is amended so as to equal the minimum period of limitation provided by such law. j.Liberalization If we adopt any revision that would broaden the coverage under this coverage without additional premium within 45 days prior to or during the Coverage Period shown in the Declarations, the broadened coverage will immediately apply to this coverage. k.Loss Sustained During Prior Insurance Issued By American Alternative Insurance Corporation To NPIP And Its Members And/Or Prior Coverage Issued By Us (1)Loss Sustained Partly During This Coverage And Partly During Prior Coverage. If you Discover loss during the Coverage Period shown in the Declarations, resulting directly from an Occurrence taking place: (a)Partly during the Coverage Period shown in the Declarations; and (b)Partly during the coverage period(s) of any prior cancelled coverage that we or American Alternative Insurance Corporation issued to you, to NPIP and its members or any predecessor in interest; and this coverage became effective at the time of cancellation of the prior coverage, we will first settle the amount of loss that you sustained during this Coverage Period. We will then settle the remaining amount of loss that you sustained during the coverage period(s) of the prior coverage. (2)Loss Sustained Entirely During Prior Coverage If you Discover loss during the Coverage Period shown in the Declarations, resulting directly from an Occurrence taking place entirely during the coverage period(s) of any prior cancelled coverage that we or American Alternative Insurance Corporation issued to you, to NPIP and its members or any predecessor in interest, we will pay for the loss, provided: Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Crime Coverage Part Page 72 (a)This coverage became effective at the time of cancellation of the prior coverage; and (b)The loss would have been covered under this coverage had it been in effect at the time of the Occurrence. We will first settle the amount of loss that you sustained during the most recent prior coverage. We will then settle any remaining amount of loss that you sustained during the coverage period(s) of any other prior coverage. (3)In settling loss subject to this Condition: (a)The most we will pay for the entire loss is the highest single Limit of Coverage applicable during the period of loss, whether such limit was written under this coverage or was written under the prior coverage issued by us. (b)We will apply the applicable Deductible shown in the Declarations to the amount of loss sustained under this coverage. If no loss was sustained under this coverage, we will apply the Deductible shown in the Declarations to the amount of loss sustained under the most recent prior coverage. If the Deductible is larger than the amount of loss sustained under this coverage, or the most recent prior coverage, we will apply the remaining Deductible to the remaining amount of loss sustained during the prior coverage. l.Loss Sustained During Prior Other Insurance Not Issued By American Alternative Insurance Corporation To NPIP And Its Members Or Not Issued By Us (1)If you Discover loss during the Coverage Period shown in the Declarations, resulting directly from an Occurrence taking place during the policy period of any prior cancelled Other Insurance that was issued to you or a predecessor in interest by another company, and the period of time to discover loss under that Other Insurance had expired, we will pay for the loss under this coverage, provided: (a)This coverage became effective at the time of cancellation of the prior Other Insurance; and (b)The loss would have been covered under this coverage had it been in effect at the time of the Occurrence. (2)In settling loss subject to this Condition: (a)The most we will pay for the entire loss is the lesser of the Limits of Insurance or Limits of Coverage applicable during the period of loss, whether such limit was written under this coverage or was written under the prior cancelled Other Insurance. (b)We will apply the applicable Deductible shown in the Declarations to the amount of loss sustained under the cancelled Other Insurance. (3)The coverage provided under this Condition is subject to the following: (a)If loss covered under this Condition is also partially covered under Condition E.1.k., the amount recoverable under this Condition is part of, not in addition to, the amount recoverable under Condition E.1.k. (b)For loss covered under this Condition that is not subject to Paragraph (3)(a), the amount recoverable under this Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Crime Coverage Part Page 73 Condition is part of, not in addition to, the Limit of Coverage applicable to the loss covered under this coverage and is limited to the lesser of the amount recoverable under: (i)This coverage as of its effective date; or (ii)The prior cancelled Other Insurance had it remained in effect. m.Other Insurance If other valid and collectible insurance is available to you for loss covered under this coverage, our obligations are limited as follows: (1)Primary Coverage When this coverage is written as primary coverage, and: (a)You have Other Insurance subject to the same terms and conditions as this coverage, we will pay our share of the covered loss. Our share is the proportion that the applicable Limit of Coverage shown in the Declarations bears to the total limit of all coverage covering the same loss. (b)You have Other Insurance covering the same loss other than that described in Paragraph (1)(a), we will only pay for the amount of loss that exceeds: (i)The Limit of Insurance, self-retention and deductible amount of that Other Insurance, whether you can collect on it or not; or (ii)The Deductible shown in the Declarations; whichever is greater. Our payment for loss is subject to the terms and conditions of this coverage. (2)Excess Coverage (a)When this coverage is written excess over Other Insurance, we will only pay for the amount of loss that exceeds the Limit of Insurance, self-insured retention and deductible amount of that Other Insurance, whether you can collect on it or not. Our payment for loss is subject to the terms and conditions of this coverage. (b)However, if loss covered under this coverage is subject to a self-insured retention and/or Deductible, we will reduce the self-insured retention and/or Deductible Amount shown in the Declarations by the sum total of all such Other Insurance plus any self-insured retention and/or deductible amount applicable to that Other Insurance. n.Ownership Of Property; Interests Covered The property covered under this coverage is limited to property: (1)That you own or lease; or (2)That you hold for others whether or not you are legally liable for the loss of such property. However, this coverage is for your benefit only. It provides no rights or benefits to any other person or organization. Any claim for loss that is covered under this coverage must be presented by you. o.Records You must keep records of all property covered under this coverage so we can verify the amount of any loss. p.Recoveries Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Crime Coverage Part Page 74 (1)Any recoveries, whether effected before or after any payment under this coverage, whether made by us or you, shall be applied net of the expense of such recovery: (a)First, to you in satisfaction of your covered loss in excess of the amount paid under this coverage; (b)Second, to us in satisfaction of amounts paid in settlement of your claim; (c)Third, to you in satisfaction of any retained limit and/or Deductible Amount; and (d)Fourth, to you in satisfaction of any loss not covered under this coverage. (2)Recoveries do not include any recovery: (a)From insurance, suretyship, reinsurance, security or indemnity taken for our benefit; or (b)Of original Securities after duplicates of them have been issued. q.Territory This coverage covers loss that you sustain resulting directly from an Occurrence taking place within the United States of America (including its territories and possessions) and Puerto Rico. r.Transfer Of Your Rights Of Recovery Against Others To Us You must transfer to us all your rights of recovery against any person or organization for any loss you sustained and for which we have paid or settled. You must also do everything necessary to secure those rights and do nothing after loss to impair them. s.Valuation - Settlement (1)The value of any loss for purposes of coverage under this coverage shall be determined as follows: (a)Loss of Money but only up to and including its face value. We will, at your option, pay for loss of Money issued by any country other than the United States of America: (i)At face value in the Money issued by that country; or (ii)In the United States of America dollar equivalent determined by the rate of exchange published in the The Wall Street Journal on the day the loss was Discovered. (b)Loss of Securities but only up to and including their value at the close of business on the day the loss was Discovered. We may, at our option: (i)Pay the market value of such Securities or replace them in kind, in which event you must assign to us all your rights, title and interest in and to those Securities; or (ii)Pay the cost of any Lost Securities Bond required in connection with issuing duplicates of the Securities. However, we will be liable only for the payment of so much of the cost of the bond as would be charged for a bond having a penalty not exceeding the lesser of the: a.Market value of the Securities at the close of business on the day the loss was Discovered; or b.The Limit of Coverage applicable to the Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Crime Coverage Part Page 75 Securities. (c)Loss of or damage to Other Property or loss from damage to the Premises or its exterior for the replacement cost of the property without deduction for depreciation. However, we will not pay more than the least of the following: (i)The cost to replace the lost or damaged property with property of comparable material and quality and used for the same purpose; (ii)The amount you actually spend that is necessary to repair or replace the lost or damaged property; or (iii)The Limit of Coverage applicable to the lost or damaged property. With regard to Paragraphs s.(1)(c)(i) through s.(1)(c)(iii), we will not pay on a replacement cost basis for any loss or damage: a.Until the lost or damaged property is actually repaired or replaced; and b.Unless the repairs or replacement are made as soon as reasonably possible after the loss or damage. If the lost or damaged property is not repaired or replaced, we will pay on an actual cash value basis. (2)We will, at your option, settle loss or damage to property other than Money: (a)In the Money of the country in which the loss or damage occurred; or (b)In the United States of America dollar equivalent of the Money of the country in which the loss or damage occurred determined by the rate of exchange published in The Wall Street Journal on the day the loss was Discovered. (3)Any property that we pay for or replace becomes our property. . 2.Conditions Applicable To Coverage Clauses A.1. And A.2. a.Termination As To Any Employee This Coverage Clause terminates as to any Employee: (1)As soon as: (a)You; or (b)Any of your partners, Members, Managers, officers, directors, or trustees not in collusion with the Employee; learn of Theft or any other dishonest act committed by the Employee whether before or after becoming employed by you. (2)On the date specified in a notice mailed to the Covered Member. That date will be at least 30 days after the date of mailing. We will mail or deliver our notice to the Covered Member's last mailing address known to us. If notice is mailed, proof of mailing will be sufficient proof of notice. b.Territory We will pay for loss caused by any Employee while temporarily outside the territory specified in the Territory Condition E.1.q. for a period of not more Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Crime Coverage Part Page 76 than 90 days. 3.Conditions Applicable To Coverage Clause A.3. a.Electronic And Mechanical Signatures We will treat signatures that are produced or reproduced electronically, mechanically or by other means the same as handwritten signatures. b.Proof Of Loss You must include with your proof of loss any instrument involved in that loss, or, if that is not possible, an affidavit setting forth the amount and cause of loss. c.Territory We will cover loss that you sustain resulting directly from an Occurrence taking place anywhere in the world. Territory Condition E.1.q. does not apply to Coverage Clause A.3. 4.Conditions Applicable To Coverage Clauses A.5. And A.6. a.Armored Motor Vehicle Companies Under Coverage Clause A.6., we will only pay for the amount of loss you cannot recover: (1)Under your contract with the armored motor vehicle company; and (2)From any insurance or indemnity carried by, or for the benefit of customers of, the armored motor vehicle company. b.Special Limit Of Coverage For Specified Property We will only pay up to $5,000 for any one Occurrence of loss of or damage to: (1)Precious metals, precious or semi-precious stones, pearls, furs, or completed or partially completed articles made of or containing such materials that constitute the principal value of such articles; or (2)Manuscripts, drawings, or records of any kind, or the cost of reconstructing them or reproducing any information contained in them. 5.Conditions Applicable To Coverage Clause A.7. a.Special Limit Of Coverage For Specified Property We will only pay up to $5,000 for any one Occurrence of loss of or damage to manuscripts, drawings, or records of any kind or the cost of reconstructing them or reproducing any information contained in them. b.Territory We will cover loss you sustain anywhere in the world. The Territory Condition E.1.q. does not apply to Coverage Clause A.7. F.DEFINITIONS 1.Banking Premises Means: The interior of that portion of any building occupied by a banking institution or similar safe depository. 2.Counterfeit Money Means: An imitation of Money that is intended to deceive and to be taken as genuine. 3.Custodian Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Crime Coverage Part Page 77 Means: You, any of your partners or Members, or any Employee while having care and custody of property inside the Premises, excluding any person while acting as a Watchperson or janitor. 4.Discover or Discovered Means: The time when you first become aware of facts which would cause a reasonable person to assume that a loss of a type covered by this coverage has been or will be incurred, regardless of when the act or acts causing or contributing to such loss occurred, even though the exact amount or details of loss may not then be known. Discover or Discovered also means the time when you first receive notice of an actual or potential claim in which it is alleged that you are liable to a third party under circumstances which, if true, would constitute a loss under this coverage 5.Deductible Means: The deductible amount listed in the Crime Coverage Declarations. 6.Employee Means: (1)Any natural person: (a)While in your service and for the first 30 days immediately after termination of service, unless such termination is due to Theft or any other dishonest act committed by the Employee; (b)Who you compensate directly by salary, wages or commissions; and (c)Who you have the right to direct and control while performing services for you; (2)Any natural person who is furnished temporarily to you: (a)To substitute for a permanent Employee as defined in Paragraph a.(1), who is on leave; or (b)To meet seasonal or short-term work load conditions; while that person is subject to your direction and control and performing services for you, excluding, however, any such person while having care and custody of property outside the Premises; (3)Any natural person who is leased to you under a written agreement between you and a labor leasing firm, to perform duties related to the conduct of your business, but does not mean any natural person who is furnished temporarily to you as defined in Paragraph a.(2); (a)Any natural person who is:A trustee, officer, employee, administrator or manager, except an administrator or manager who is an independent contractor, of any Employee Benefit Plan(s); and (b)A director or trustee of yours while that person is engaged in handling Funds or Other Property of any Employee Benefit Plan; (4)Any natural person who is a former Employee, partner, Member, Manager, director or trustee retained as a consultant while performing services for you; (5)Any natural person who is a guest student or intern pursuing studies or Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Crime Coverage Part Page 78 duties, excluding, however, any such person while having care and custody of property outside the Premises; (6)Any natural person who performs services for you on a volunteer or other non-compensated basis while under your direction and control. (7)Any Employee of an entity merged or consolidated with you prior to the effective date of this coverage; or (8)Any of your Managers, directors or trustees while: (a)Performing acts within the scope of the usual duties of an Employee; or (b)Acting as a member of any committee duly elected or appointed by resolution of your board of directors or board of trustees to perform specific, as distinguished from general, directorial acts on your behalf. Employee does not mean: Any agent, broker, factor, commission merchant, consignee, independent contractor or representative of the same general character not specified in Paragraph 5.a. 7.Employee Benefit Plan Means: Any welfare or pension benefit plan that you sponsor, establish, or maintain for your employees and which is subject to the Employee Retirement Income Security Act of 1974 (ERISA) and any amendments thereto. 8.Covered Member Means: The person or organization first named in Item 1. of the Declarations shall be known as the Covered Member and is primarily responsible for the payment of all premiums. The Covered Member will act on behalf of all other Covered Parties for the giving and receiving of notice of cancellation or nonrenewal and the receiving of any return premiums that become payable under this coverage. 9.Forgery Means: The signing of the name of another person or organization with intent to deceive; it does not mean a signature which consists in whole or in part of one's own name signed with or without authority, in any capacity, for any purpose. 10.Fraudulent Instruction Means: a.An electronic, telegraphic, cable, teletype, telefacsimile or telephone instruction which purports to have been transmitted by you, but which was in fact fraudulently transmitted by someone else without your knowledge or consent; b.A written instruction (other than those described in Coverage Clause A.3.) issued by you, which was forged or altered by someone other than you without your knowledge or consent, or which purports to have been issued by you, but was in fact fraudulently issued without your knowledge or consent; or c.An electronic, telegraphic, cable, teletype, telefacsimile, telephone or Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Crime Coverage Part Page 79 written instruction initially received by you which purports to have been transmitted by an Employee but which was in fact fraudulently transmitted by someone else without your or the Employee's knowledge or consent. 11.Funds Means: Money and Securities. 12.Covered Party Means: The Covered Member and with respect to Coverage Clauses A.1. or A.2., any Employee Benefit Plan(s). 13.Manager Means: A person serving in a directorial capacity for a limited liability company. 14.Member Means: As respects to a limited liability company, an owner of a limited liability company represented by its membership interest, who may also serve as a Manager. 15.Messenger Means: You or a relative of yours, or any of your partners or Members, or any Employee while having care and custody of property outside the Premises. 16.Money Means: a.Currency, coins and bank notes in current use and having a face value; and b.Travelers checks, register checks and money orders held for sale to the public. 17.Occurrence Means: a.Under Coverage Clause A.1.: (1)An individual act; (2)The combined total of all separate acts whether or not related; or (3)A series of acts whether or not related; committed by an Employee acting alone or in collusion with other persons, during the Coverage Period shown in the Declarations, except as provided under Condition E.1.k. or E.1.l. b.Under Coverage Clause A.2.: (1)An individual act; (2)The combined total of all separate acts whether or not related; or (3)A series of acts whether or not related; Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Crime Coverage Part Page 80 committed by each Employee acting alone or in collusion with other persons, during the Coverage Period shown in the Declarations, except as provided under Condition E.1.k. or E.1.l. c.Under Coverage Clause A.3.: (1)An individual act; (2)The combined total of all separate acts whether or not related; or (3)A series of acts whether or not related; committed by a person acting alone or in collusion with other persons, involving one or more instruments, during the Coverage Period shown in the Declarations, except as provided under Condition E.1.k. or E.1.l. d.Under All Other Coverage Clauses: (1)An individual act or event; (2)The combined total of all separate acts or events whether or not related; or (3)A series of acts or events whether or not related; committed by a person acting alone or in collusion with other persons, or not committed by any person, during the Coverage Period shown in the Declarations, except as provided under Condition E.1.k. or E.1.l. 18.Other Insurance Means: Insurance, or the funding of loss, that is provided by: a. An insurance company; b. A risk retention group; c. Another risk pool; d. A self-insurance method or program, other than any funded by the Covered Member; and/or e. Any similar risk transfer or risk management method. 19.Other Property Means: Any tangible property other than Money and Securities that has intrinsic value. Other Property does not include computer programs, electronic data or any property specifically excluded under this coverage. Other Property does not mean digital currency of any kind including, but not limited to, crypto currency, virtual currency, stablecoins or electronic currency. 20.Coverage Period Means: The period of time stated in Item 2. of the Declarations. 21.Premises Means: The interior of that portion of any building you occupy in conducting your business. 22.Robbery Means: Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Crime Coverage Part Page 81 The unlawful taking of property from the care and custody of a person by one who has: a.Caused or threatened to cause that person bodily harm; or b.Committed an obviously unlawful act witnessed by that person. 23.Safe Burglary Means: The unlawful taking of: a.Property from within a locked safe or vault by a person unlawfully entering the safe or vault as evidenced by marks of forcible entry upon its exterior; or b.A safe or vault from inside the Premises. 24.Securities Means: Negotiable and nonnegotiable instruments or contracts representing either Money or property and includes: a.Tokens, tickets, revenue and other stamps (whether represented by actual stamps or unused value in a meter) in current use; and b. Evidences of debt issued in connection with credit or charge cards, which cards are not issued by you; but does not include Money. Securities does not mean digital currency of any kind including, but not limited to, crypto currency, virtual currency, stablecoins or electronic currency. 25.Theft Means: The unlawful taking of property to the deprivation of the Covered Party. 26.Transfer Account Means: An account maintained by you at a financial institution from which you can initiate the transfer, payment or delivery of Funds: a.By means of electronic, computer, telegraphic, cable, teletype, telefacsimile or telephone instructions communicated directly through an electronic funds transfer system; or b.By means of written instructions (other than those described in Coverage Clause A.3.) establishing the conditions under which such transfers are to be initiated by such financial institutions through an electronic funds transfer system. 27.Ultimate Net Loss Means: With respect to the Crime Coverage Part, all losses and damage arising out of any one Occurrence. 28.Watchperson Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Crime Coverage Part Page 82 Means: Any person you retain specifically to have care and custody of property inside the Premises and who has no other duties. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Liability Common Conditions, Definitions & Exclusions Page 83 LIABILITY COVERAGES (GENERAL LIABILITY, SEXUAL ABUSE, WRONGFUL ACTS, AUTOMOBILE) COMMON CONDITIONS, DEFINITIONS, AND EXCLUSIONS SECTION I. CONDITIONS All Liability Coverage Parts included in this Coverage Agreement are subject to the conditions in the Coverage Agreement Conditions and the following Liability Conditions, except as otherwise indicated: A. Appeals We have the right, at our sole discretion, to appeal a judgment against a Covered Party under this agreement if: 1.The judgment is for more than the amount of the Deductible; and 2.A Covered Party or any underlying insurers do not appeal it. If we appeal a judgment, we will pay the costs of the appeal and any interest on those costs. Those payments will not reduce the Limit of Coverage of any applicable Coverage Part of this Coverage Agreement. B. Financial Impairment The following shall neither relieve nor increase any of our obligations under this Coverage Agreement: 1.Bankruptcy, insolvency, rehabilitation, receivership, liquidation or any equivalent proceeding in a foreign jurisdiction; 2.Other financial impairment; 3.Unwillingness to pay of any Covered Party or any insurer providing underlying insurance; or 4.A Covered Party’s inability to pay any part of the Deductible. Under no circumstances will Paragraphs 1. through 4. above: 1.Increase our liability or indemnification obligation, require us to drop down and replace the Deductible or assume any obligation within the Deductible; 2.Impose any obligation on us to investigate, administer, adjust, handle, settle, defend or appeal any Claim; or 3.Impose any obligation on us to make payments on any Covered Party’s behalf. C. Legal Action Against Us No person or organization has a right under this Coverage Agreement: 1.To join us as a party or otherwise bring us into a Suit asking for damages from a Covered Party; or 2.To sue us under this Coverage Agreement unless all of its terms and conditions have been fully complied with. No one may maintain any lawsuit or complaint against us alleging any improper or incorrect coverage denial unless the Covered Party has first exhausted the appeal procedures set forth in Coverage Agreement – Common Conditions and Definitions, Section I, Appeal of Coverage and Legal Action Against Us. It is agreed that exhaustion of these appeal procedures shall be a condition precedent to any subsequent legal action or Suit by a Covered Party. A person or organization may sue us to recover on an agreed settlement as defined below, or on a final judgment against a Covered Party obtained after an actual trial; but we will NOT be Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Liability Common Conditions, Definitions & Exclusions Page 84 liable for damages that are NOT payable under the terms of this Coverage Agreement or that are in excess of any Limits of Insurance. D. Other Insurance If other valid and collectible Other Insurance of any type is available to a Covered Party for sums, loss or Claims to which this Coverage Agreement applies, whether on a primary, excess or contingent basis, the coverage under this Coverage Agreement is excess of, and does not contribute with, such Other Insurance. Such Other Insurance is primary to and shall not erode or exhaust the Deductible and we will not make any payments until such Other Insurance and the Deductible have been exhausted. The coverage under this Coverage Agreement is not subject to the terms, conditions, or limitations of any Other Insurance. This condition does not apply to insurance purchased to be specifically excess of this Coverage Agreement. E. Our Right To Recover Payment Any Covered Party for whom we make a payment under this coverage must transfer to us its right to recovery, for all or part of the payment, against any other party. After a Claim, the Covered Party must do everything necessary to secure, and nothing to impair, these rights of recovery. However, we will waive our right of recovery against any person or organization with respect to which the Covered Party has waived its right of recovery in a written agreement prior to the Occurrence, Accident or Wrongful Act. F. Representations By accepting this Coverage Agreement, you agree that: 1.The statements in the Declarations and application (including all corresponding application attachments, information, materials, and submissions submitted by you or on your behalf) are accurate, and such statements are incorporated into, and a part of, this Coverage Agreement; 2.The above-referenced statements are based upon representations you made to us; and 3.We have issued this Coverage Agreement in reliance upon your representations. Except as otherwise provided in this Coverage Agreement or by law, this Coverage Agreement is void as of its inception in the case of fraud in the application for this Coverage Agreement, or otherwise, or in the event of concealment or misrepresentation of a material fact concerning this Coverage Agreement or its issuance. G. Duties In the Event Of Accident, Occurrence, Wrongful Act Or Claim 1.As a condition precedent to coverage under this Coverage Agreement, you must see to it that: a.We are notified in writing as soon as practicable, but no later than indicated in the coverage agreement of the applicable Coverage Part, once you have knowledge of any Accident, Occurrence or Wrongful Act which may reasonably result in a Claim that could involve indemnification by this Coverage Agreement. Such notice must be provided to the address location set forth in Item 1. of the Declarations. b.If a Claim is made against a Covered Party: (1)You record the specifics of the Claim and the date received; and (2)If a Claim could potentially involve indemnification by this Coverage Agreement, you notify us of such Claim in writing as soon as practicable, but no later than indicated in the coverage agreement of the applicable Coverage Part. With respect to subparagraphs a. and b. above, notice shall be deemed given as Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Liability Common Conditions, Definitions & Exclusions Page 85 soon as practicable if it is given to us by the department or person authorized to give or receive such notice as soon as practicable after the department or person has knowledge of any Accident, Occurrence, Wrongful Act or Claim that meets the criteria in subparagraphs a. and b. above. 2. Notwithstanding subsection G.1. above, you must notify us in writing as soon as practicable, but no later than indicated in the coverage clause of the applicable Coverage Part, of any Accident, Occurrence, Wrongful Act or Claim, regardless of the potential for coverage or liability, which: a.Arises from, is based upon or relates in any way to one or more of the following: (1)Fatalities;   (2)Spinal cord injuries with paralysis; (3)Serious burns; (4)Brain injuries; (5)Amputations; (6)Sexual Harassment or Sexual Abuse claims; (7)Class action suits; (8)Serious sensory impairments; (9)Serious disfigurement or scarring; (10)Extra Contractual Obligation, Excess Judgment Claims or Declaratory Judgment Expenses, if covered hereunder; (11)Violation of civil rights; (12)Land use actions; (13)Major organ injuries. 3. You and any other involved Covered Party must: a.Immediately send us copies of any demands, notices, summonses or legal papers received in connection with a Claim that triggers your notification duty, in accordance with Paragraphs 1. and 2. above; b.Authorize us to obtain records and other information; c.Assist us, upon our request, in the enforcement of any right against any person or organization which may be liable to a Covered Party because of injury or damage to which this coverage may also apply; and d.Fully cooperate with us in the investigation and settlement of any Claim (and in the defense of any Claim in which we have exercised our right to associate), and as otherwise stated in this Coverage Agreement. Knowledge of an Accident, Occurrence, Wrongful Act or Claim by an agent or Employee of a Covered Member shall not, in and of itself, constitute knowledge by the Covered Member unless you or an Authorized Party possess(es) such knowledge. H. Statutory Requirements Imposed on You You may be subject to specific requirements (such as reporting certain claims data), by State or Federal law (including but not limited to the Medicare, Medicaid and State Children's Health Insurance Program Extension Act of 2007). Even if you contract with a TPA to handle the administration, investigation or settlement of any loss or Claim covered under this Coverage Agreement, you are still ultimately responsible for compliance with such laws. When by law you are designated as the responsible reporting entity for compliance with such State or Federal law, we will not: 1. Advise you of such laws, unless we are legally required to do so; 2. Assume any of the obligations imposed on you by such law; 3. Pay any expenses incurred by you to comply with such law; 4. Pay any penalty or fine for which you are held liable for failing to comply with such State or Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Liability Common Conditions, Definitions & Exclusions Page 86 Federal law. This Coverage Agreement does not include the expenses or payments described in Paragraphs 3. and 4. above. SECTION II. DEFINITIONS All Liability Coverage Parts included in this Coverage Agreement are subject to any applicable definitions in the Coverage Part and the following definitions, except as otherwise indicated: 1.Administration Of Benefits means: a.Providing information, other than legal advice, to employees with respect to your Employee Benefit Program; b.Interpreting your Employee Benefit Program; c.Handling of records in connection with your Employee Benefit Program; or d.Effecting enrollment, termination, or cancellation of employees under your Employee Benefit Program; provided all such acts are authorized by you. 2.Advertisement means a notice that is broadcast or published to the general public or specific market segments about your goods, products, or services for the purpose of attracting customers or supporters. For the purposes of this definition: a.Notices that are published include material placed on the Internet or on similar electronic means of communication; and b.Regarding web-sites, only that part of a web-site that is about your goods, products or services for the purposes of attracting customers or supporters is considered an advertisement. 3.Advertising Injury means one or more of the following offenses: a.Libel, slander or defamation; b.Any infringement of copyright, title, trademark, trade dress or slogan; c.Misappropriation of advertising ideas or style of doing business; committed or alleged to have been committed in any Advertisement, publicity article, broadcast or telecast and arising out of your advertising activities except if arising out of electronic chatrooms or bulletin boards. Notwithstanding anything above to the contrary, any act(s) of libel, slander or defamation that is employment related is not Advertising Injury. 4.Authorized Party means only those: a.Covered Parties listed in below Paragraphs 19.a. and 19.b.(1) and (2) of the definition of Covered Party in this Definitions Section; b.Any Employees authorized by you to give or receive notice of a Wrongful Act or Claim; and c.TPAs authorized by you to give or receive notice of an Accident, Occurrence, Wrongful Act or Claim, but in no circumstances are TPA's considered Covered Parties or included in the definition of Covered Party. 5.Automobile means: a.A land motor vehicle, trailer or semi-trailer designed for travel on public roads, including any attached machinery or equipment; or b.Any other land vehicle that is subject to a compulsory or financial responsibility law or other motor vehicle insurance law in the state where it is licensed or principally garaged. However, Automobile does not include Mobile Equipment. 6.Bodily Injury means: a.Physical injury to the body, sickness or disease, including death resulting from any of these at any time; and b.Mental anguish, mental injury, disability, shock or fright, but only if resulting from physical Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Liability Common Conditions, Definitions & Exclusions Page 87 injury to the body, sickness or disease. 7.Claim means a written notice, including a Suit of a demand against a Covered Party for payment of money to compensate for loss or injury. 8.Communicable Disease means any infection or contagious disease which can be transmitted by means of any substance or agent from any organism to another organism where: a. The substance or agent includes, but is not limited to, a virus, bacterium, parasite or other organism or any variation thereof, whether deemed living or not; b. Regardless of the method of transmission, whether direct or indirect, includes but is not limited to, airborne transmission, bodily fluid transmission, transmission from or to any surface or object, solid, liquid or gas or between humans, animals, or from any animal to any human or from any human to any animal; and c. The disease, substance or agent can cause or threaten Bodily Injury, illness, emotional distress, damage to human health, human welfare or tangible or intangible Property Damage. Communicable Disease Outbreak means a Claim or Occurrence for a Communicable Disease that is declared, or determined to be, a public health emergency, pandemic, outbreak, epidemic, disaster, or public emergency by the World Health Organization, or any agency or authority tasked with overseeing international or global public health, or by the United States government, including any federal, state or local agency. 9.Coverage Agreement Period means the period of time stated in Item 2. of the Declarations. 10.Covered Member means the person or organization first named in Item 1. of the Declarations. 11.Covered Party means each of the following, but only to the extent set forth below: a.The Covered Member b.While acting within the scope of their duties for the Covered Member: (1)All persons who are now, were, or shall be your lawfully elected, appointed or employed officials; (2)Current or former members of commissions, boards or other units operated by you and under your jurisdiction, provided such units are within the total operating budget included in the application; (3)All of your current or former Employees; (4)Your Volunteer Workers; (5)All persons or organizations providing service to you under any mutual aid or similar agreement; or (6)The estate of any person in (1) through (5) above; c.With respect to Mobile Equipment, any person is a Covered Party under the General Liability Coverage Part while operating such equipment with your permission; d.With respect to a Covered Automobile, any person is a Covered Party under the Automobile Liability Coverage Part while operating the Covered Automobile with your permission. e.However any Employee, student teacher, teaching assistant or Volunteer Worker of the Covered Member is a Covered Party while operating an automobile not owned by, or leased to or rented to you, only if the automobile is being used for you and with your express consent; but such coverage as is provided by this provision shall apply only as excess coverage over any other liability insurance that applies to that Employee, student teacher, teaching assistant or Volunteer Worker or to that Automobile whether the coverage available under that policy is collectible or not. f.With respect to the General Liability Coverage Part, the following are added as Covered Parties: Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Liability Common Conditions, Definitions & Exclusions Page 88 (1)Your Funding Sources but only with respect to their liability as a Funding Source of yours or while performing authorized duties related to the conduct of your business. Funding Source, as used herein, means those persons or organizations which have contributed to your non-profit organization and require, under a written contract with you, status as a Covered Party. Any person or organization from whom you rent or lease a premises but only with respect to liability arising out of the ownership, maintenance or use of that part of the premises rented or leased to you and subject to the following additional exclusions: The coverage under this Coverage Part does not apply to: (1)Any Occurrence which takes place after you cease to be a tenant in that premises. g.Structural alterations, new construction or demolition operations performed by or on behalf of the person or organization from whom you rent or lease a premises. With respect to Bodily Injury and/or Property Damage under the General Liability Coverage Part, any person or organization with whom you have agreed in a written contract or written agreement to assume liability for a specified activity or operation, but only such liability that would otherwise be imposed by law in the absence of any contract or agreement, and only arising from such specified activity or operation. However, this coverage for such Covered Party is limited to: (1) liability for Bodily Injury or Property Damage caused, in whole or in part, by your acts or omissions or the acts or omissions of those acting on your behalf; and (2) to the lesser of the amount of coverage you agreed to provide for such Covered Party in the written contract or written agreement or the applicable amount(s) of the Limit for this General Liability Coverage Part. The following provisions also apply: a) The written contract or written agreement must be in effect at the inception of the Coverage Period or become effective during the Coverage Period; and b) The written contract or written agreement must be executed prior to the Bodily Injury or Property Damage. h. Those DBAs and Subsidiaries approved and on file with the Company. i. With respect to General Liability for owned and scheduled watercraft, any person or organization is a Covered Party who is legally responsible for the use of such watercraft, but only if and to the extent such use is with your permission. Subject to the paragraphs above, any such person’s or organization’s status as a Covered Party ends when any of the following first occurs: this Coverage Agreement terminates; the written contract or written agreement terminates; or the specified activity or operation terminates. No person or organization is a Covered Party with respect to the conduct of any current or past partnership or joint venture that is not shown as a Named Covered Party in the Declarations Page. 12.Coverage Territory means anywhere in the world. However, the Covered Party's responsibility to pay damages must be determined in a settlement that we agree to or in a Suit on the merits brought within the United States of America (including its territories and possessions), Puerto Rico or Canada. 13.Defense Costs means payments incurred by you or a Third Party Administrator allocated to a specific Claim for defense, including: a.Attorney fees and all other litigation costs, including those attorneys retained by a Third Party Administrator; b.The cost of bonds to appeal a judgment or award in any Claim we defend, but only for Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Liability Common Conditions, Definitions & Exclusions Page 89 bond amounts within the applicable Limit of Coverage; we do not have to furnish these bonds; c.The cost of bonds to release attachments, but only for bond amounts within the applicable Limit of Coverage; we do not have to furnish these bonds; d.All reasonable expenses incurred by the Covered Party at our request to assist us in the investigation or defense of the Claim; e.Pre-Judgment Interest and Post-Judgment Interest as required by law on awards and judgments. Defense Costs do not include investigation and settlement costs unless preapproved by us. Defense Costs do not include salaries and administrative, office, or overhead expenses of our Third Party Administrator, Employees, or your Employees. 14.Electronic Data means information, facts, or programs stored as or on, created or used on, or transmitted to or from computer software, including, but not limited to, systems and applications software, hard or floppy disks, CD-ROMs, tapes, drives, cells, data processing devices, or any other media which are used with electronically controlled equipment. 15.Employee means employee, including a Leased Worker and Temporary Worker. However, Employee does not include an Independent Contractor. 16.Employee Benefit Program means: a.Group life insurance, group accident or health insurance, investment plans or savings plans, profit sharing plans, pension plans and stock subscription plans; or b.Unemployment insurance, social security benefits, workers' compensation and disability benefits; provided for your employees. 17.Employment Practices Violations means any of the following actual or alleged acts which are employment related, including such acts by a third party for which the Covered Party may be held liable: a.Wrongful dismissal, discharge, termination or constructive termination of employment; b.Harassment of any type; c.Discrimination (including but not limited to discrimination based upon age, gender, race, color, national origin, religion, sexual orientation or preference, pregnancy, disability or any other protected class or characteristic established by any federal, state, or local statutes, rules or regulations); d.Retaliation; e.Misrepresentation to an employee or applicant for employment; f.Libel, slander, humiliation or defamation; g.Wrongful failure to employ or promote; h.Wrongful deprivation of career opportunity, wrongful demotion or negligent employee evaluation, including the giving of negative or defamatory statements in connection with an employee reference; i.Wrongful discipline; j.Failure to grant tenure or practice privileges; k.Failure to provide or enforce adequate or consistent organizational policies or procedures; l.Violation of an individual's civil rights. 18.Executive Officer means a person holding any of the officer positions created by your charter, constitution, by- laws or any other similar governing document. 19.Impaired Property means tangible property, other than Your Product or Your Work, that cannot be used or is less useful because: a.It incorporates Your Product or Your Work that is known or thought to be defective, deficient, inadequate or dangerous; or Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Liability Common Conditions, Definitions & Exclusions Page 90 b.You have failed to fulfill the terms of a contract or agreement; if such property can be restored to use by: a.The repair, replacement, adjustment or removal of Your Product or Your Work; or b.Your fulfilling the terms of the contract or agreement. 20.Incidental Medical Malpractice means Bodily Injury or Personal Injury arising out of the rendering of or failure to render emergency and/or first aid medical services which shall be understood to include, but not limited to, the dispensing of medication and/or the administering of inoculations and/or blood tests, as well as administering medicines/tests normally administered by a Healthcare Department that are preventative in nature and do not require advanced medical diagnosis, but where there are no overnight stays. Provided However, Incidental Medical Malpractice does not include services provided by: (a)a hospital or emergency room facility; (b)a physician, physician’s assistant, medical doctor, osteopath, chiropractor, resident, extern, or intern; (c)a psychiatrist (d)a pharmacist; or (e)a dentist, orthodontist, or periodontist 21.Independent Contractor means an individual you have a written contract with to perform a service or function for remuneration and for whom you do not control the performance of that service or function. Independent Contractor does not include a Leased Worker. 22.Law Enforcement Activities means: a.Any official activity, function or operation of any Covered Party in the enforcement of the law and includes any off-duty activity officially sanctioned by you and conducted in the course of law enforcement operations; b.Departmentally approved activities which are declared in the application for this coverage; and c.The: (1)Ownership, maintenance or use of any premises in order to conduct such law enforcement activities, functions or operations; (2)Providing of first aid at the time of an accident, crime or medical emergency; or (3)Criminal prosecution activity(ies) of any nature by judicial officers, prosecuting attorneys, and staff other than public defenders or criminal defense attorneys. Provided, however, Law Enforcement Activities do not include: a.Your operations related to any building, code, license, permit, health, sanitation, animal control, safety, planning or zoning enforcement (unless such zoning enforcement operations are in connection with the list of principles already excluded in Exclusion 1. Eminent Domain below); or b.The activities of any school security Employee or Volunteer Worker, but only if and to the extent such school security Employee or Volunteer Worker is unarmed or not in the possession of a firearm. 23.Leased Worker means a person leased to you by a labor leasing firm, under an agreement between you and the labor leasing firm, to perform duties related to the conduct of your business. Leased Worker does not include a Temporary Worker. 24.Loading or Unloading means the handling of property: a.After it is moved from the place where it is accepted for movement into or onto an aircraft, watercraft or Automobile; b.While it is in or on an aircraft, watercraft or Automobile; or Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Liability Common Conditions, Definitions & Exclusions Page 91 c.While it is being moved from an aircraft, watercraft or Automobile to the place where it is finally delivered. But Loading or Unloading does not include the movement of property by means of a mechanical device, other than a hand truck, that is not attached to the aircraft, watercraft or Automobile. 25.Mobile Equipment means any of the following types of land vehicles, including any attached machinery or equipment: a.Bulldozers, farm machinery, forklifts and other vehicles designed for use principally off public roads; b.Vehicles maintained for use solely on or next to premises you own or rent; c.Vehicles that travel on crawler treads; d.Vehicles, whether self-propelled or not, maintained primarily to provide mobility to permanently mounted: (1)Power cranes, shovels, loaders, diggers or drills; or (2)Road construction or resurfacing equipment such as graders, scrapers or rollers; e.Vehicles not described in subparagraphs a., b., c. or d. above that are not self- propelled and are maintained primarily to provide mobility to permanently attached equipment of the following types: (1)Air compressors, pumps and generators, including spraying, welding, building cleaning, geophysical exploration, lighting and well servicing equipment; or (2)Cherry pickers and similar devices used to raise or lower workers; f.Vehicles not described in subparagraphs a., b., c. or d. above maintained primarily for purposes other than the transportation of persons or cargo. However, self-propelled vehicles with the following types of permanently attached equipment are not Mobile Equipment but will be considered Automobiles: (1)Equipment designed primarily for: (a)Snow removal; (b)Road maintenance, but not construction or resurfacing; or (c)Street cleaning; (2)Cherry pickers and similar devices mounted on Automobile or truck chassis and used to raise or lower workers; or (3)Air compressors, pumps, and generators, including spraying, welding, building cleaning, geophysical exploration, lighting and well servicing equipment. However, Mobile Equipment does not include any land vehicles that are subject to a compulsory or financial responsibility law or other motor vehicle insurance law in the state where it is licensed or principally garaged. Land vehicles subject to a compulsory or financial responsibility law or other motor vehicle insurance are considered Automobiles. 26.Occurrence means: a. With respect to Bodily Injury and Property Damage, an Accident, including continuous or repeated exposure to substantially the same general harmful conditions which results in Bodily Injury or Property Damage. All such exposure to substantially the same general conditions will be considered as arising out of one Occurrence, the date of which shall be fixed as the date of the first exposure to harm; b. With respect to Personal Injury, only the offenses specified in the Personal Injury Definition. All damages arising out of substantially the same Personal Injury regardless of frequency, repetition, the number or kind of offenses, or number of claimants, will be considered as arising out of one Occurrence, the date of which Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Liability Common Conditions, Definitions & Exclusions Page 92 shall be fixed as the date of the first offense; c. With respect to Advertising Injury, only the offenses listed in the Advertising Injury Definition. All damages arising out of substantially the same Advertising Injury regardless of frequency, repetition, the number or kind of media used, the number or kind of offenses, or the number of claimants, will be considered as arising out of one Occurrence, the date of which shall be fixed as the date of the first offense. Regardless of any subsequent renewals or extensions of coverage term, only one Coverage Agreement issued by us, one Deductible and one Limit of Coverage is applicable to any one Occurrence. A Claim or Suit involving an Occurrence as defined under two or more of paragraphs a., b., or c. above shall be deemed to be one Occurrence and shall be assigned to only one Coverage Agreement, coverage form, or insurance policy (whether issued by this risk pool, another risk pool, coverage provider, or insurer) and if this Coverage Agreement applies, only one limit of coverage shall apply. 27.Other Insurance means Insurance, or the funding of loss, that is provided by: a. An insurance company; b. A risk retention group; c. Another risk pool; d. A self-insurance method or program, other than any funded by the Covered Party and/or e. Any similar risk transfer or risk management method 28.Personal Injury means injury, including consequential Bodily Injury, arising out of one or more of the following offenses: a.False arrest, false imprisonment, wrongful detention or malicious prosecution; b.Libel, slander, defamation of character, or oral or written publication of material that disparages a person's or organization's goods, products or services, unless arising out of advertising activities, electronic chatrooms or bulletin boards; or c.Wrongful eviction from, wrongful entry into, or invasion of the right of private occupancy of a room, dwelling or premises that a person occupies by or on behalf of the owner, landlord or lessor, or by a person claiming to be acting on behalf of the owner, landlord or lessor. Provided, however, notwithstanding anything above to the contrary, any act(s) or offense(s) set forth above that is employment related is not Personal Injury. 29.Pollutant means any solid, liquid, gaseous or thermal irritant or contaminant including, but not limited to, smoke, vapor, soot, fumes, acids, alkalis, chemicals and waste. Waste includes materials to be recycled, reconditioned or reclaimed. 30.Post-judgment Interest means interest on the full amount of any judgment that accrues after entry of the judgment and before we have paid, offered to pay, or deposited in court, the part of the judgment that is within the applicable Limit of coverage. 31.Pre-judgment Interest means interest added to settlements, verdicts, awards, or judgments that are within the applicable Limit of coverage, based on the amount of time prior to the settlements, verdicts, awards or judgments, whether or not made part of the judgments. 32.Professional Services means services that may be legally performed only by a person holding a professional license. Professional Services do not include services by teachers, educators, school guidance counselors, school nurses and those services described under Incidental Medical Malpractice. 33.Property Damage means: a.Physical injury to tangible property, including all resulting loss of use of such property. All such loss of use shall be deemed to occur at the time of the physical injury that caused it; or Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Liability Common Conditions, Definitions & Exclusions Page 93 b.Loss of use of tangible property that is not physically injured. All such loss of use shall be deemed to occur at the time of the Occurrence that caused it. For the purposes of this definition, Electronic Data is not tangible property. This definition does not apply to the Automobile Liability Coverage Part. 34.Sexual Abuse means: Any actual, attempted, or alleged sexual abuse, molestation, mistreatment or maltreatment of a sexual nature of a person by another person, or persons acting in concert, which causes physical and/or mental injuries regardless of consent of any person(s). Sexual Abuse includes sexual molestation, sexual assault, sexual exploitation and sexual injury. Sexual Abuse does not include Sexual Harassment. 35.Sexual Harassment means any actual, attempted or alleged unwelcome sexual advances, requests for sexual favors or other conduct of a sexual nature, of a person by another person, or persons acting in concert, which causes physical and/or mental injuries, regardless of consent of any person(s), but only when: a.Submission to or rejection of such conduct is made either explicitly or implicitly a condition of a person's employment, or a basis for employment decisions affecting a person; or b.The above conduct has the purpose or effect of unreasonably interfering with an Employee's work performance or creating an intimidating, hostile or offensive work environment for Employees. Sexual Harassment does not include Sexual Abuse. 36.Suit means a civil proceeding against a Covered Party in which monetary damage because of Bodily Injury, Property Damage, Personal Injury, Advertising Injury or monetary damage caused by Wrongful Act(s) to which the applicable Coverage Part applies, are alleged. Suit includes: a.An arbitration proceeding in which such monetary damages are alleged and to which the Covered Party must submit or does submit with our consent; or b.Any other alternative dispute resolution proceeding in which such monetary damages are alleged and to which the Covered Party submits with our consent. 37.Temporary Worker means a person who is furnished to you to substitute for a permanent Employee on leave or to meet seasonal or short-term workload conditions. 38.Volunteer Worker means a person who is not your Employee, and who donates his or her work and acts at the direction of and within the scope of duties determined by you, and is not paid a fee, salary, or other compensation by you or anyone else for their work performed for you. 39.Wrongful Act means: Any tortious error, act, omission, misstatement, misleading statement, neglect or breach of duty committed by a Covered Party, including Employment Practices Violations, misfeasance, malfeasance, or nonfeasance in the discharge of duties, individually or collectively. 40.Your Product means: a.Any goods or products, other than real property, manufactured, sold, handled, distributed or disposed of by: (1)You; (2)Others trading under your name; or (3)A person or organization whose business or assets you have acquired; and b.Containers (other than vehicles), materials, parts or equipment furnished in connection with such goods or products. Your Product includes warranties or representations made at any time with respect to the Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Liability Common Conditions, Definitions & Exclusions Page 94 fitness, quality, durability, performance or use of Your Product. Your Product also includes the providing of or failure to provide warnings or instructions. Your Product does not include vending machines or other property rented to or located for the use of others but not sold. 41.Your Work means: a.Work or operations performed by you or on your behalf; and b.Materials, parts or equipment furnished in connection with such work or operations. Your Work includes warranties or representations made at any time with respect to the fitness, quality, durability, performance or use of Your Work. Your Work also includes the providing of or failure to provide warnings or instructions. SECTION III. EXCLUSIONS All Liability Coverage Parts included in this Coverage Agreement are subject to any applicable exclusions in the Coverage Part and the following Exclusions, except as otherwise indicated: A.The coverage under any Liability Coverage Part in this Coverage Agreement does not apply to, and we shall have no indemnity obligation with respect to, liability based upon, arising out of, directly or indirectly resulting from, in connection with or in any way involving: 1.Eminent Domain The operation of the principles of eminent domain, condemnation, inverse condemnation or adverse possession or dedication by adverse use; or other judicial determination that a taking of private property has occurred or has resulted from the action or inaction of the Covered Party. 2.Estimates, Bids And Contract Awards Estimates of probable costs or cost estimates being exceeded, faulty preparation of bid specifications or plans or the failure to award contracts in accordance with applicable statutes or ordinances. 3.Medical And Health Services Any of the following: a. The rendering of or the failure to render: (1)Medical, surgical, dental, x-ray, laboratory or nursing service or treatment, or the furnishing of food or beverages in connection therewith; or (2)Any service or treatment conducive to health that is of a professional nature; b. The furnishing or dispensing of first aid, over-the-counter or prescription drugs, or medical, dental, or surgical supplies or appliances; c. The rendering of or failure to render any service or treatment by any person as a member of a formal accreditation or similar professional board or committee, or as a person charged with the duty of executing directives of any such board or committee; d. The use, application, control, management or handling of any blood product handled or distributed by any person or the reliance upon any representation or warranty made at any time with respect to such blood product; or e. The handling or treatment of dead bodies, including autopsies, organ donations and other procedures. Subparagraphs a. and b. above do not apply to the rendering of first aid or emergency medical care by a Covered Party whose primary duties or responsibilities do not include items a. and b. above. With respect to the General Liability Coverage Part, this exclusion does not apply to Incidental Medical Malpractice. However, this exception does not apply to any Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Liability Common Conditions, Definitions & Exclusions Page 95 services included in Incidental Medical Malpractice to which the Miscellaneous Professional Liability Coverage Part applies. 4.Professional Services The rendering of or failure to render any Professional Services, in whatever form, by: a. A Covered Party; b. Any other person performing such services for or on behalf of a Covered Party; c. Any client, participant, service recipient, student or patient of a Covered Party; or d. Any person relating to or in any way interacting, directly or indirectly, with a Covered Party. With respect to the application of this exclusion to the General Liability Coverage Part and Wrongful Acts Coverage Part, Professional Services includes any services described in the Schedule Of Professional Services in the Miscellaneous Professional Services Coverage Part. This exclusion does not apply to the Miscellaneous Professional Liability Coverage Part. 5.Fines, Penalties, Punitive Or Exemplary Damages, Or Declaratory Or Injunctive Relief a. The imposition or award of any costs, fines, penalties or expenses against a Covered Party arising from a Claim by any federal, state, or local governmental body or authority; b. The imposition or award of punitive damages, exemplary damages, or the multiplied portion of any damage award; or c. The imposition or award of relief or redress in any form other than monetary damages, or for any fees, costs, or expenses which a Covered Party may become obligated to pay as a result of having to comply with an order of declaratory relief or injunctive relief. 6.Investing Or Fiduciary Activities A Covered Party's activities in an investing or fiduciary capacity, including, but not limited to, any Employee Benefit Program, the administration of any self- insurance fund, or any obligations under the Employees' Retirement Income Security Act (ERISA) of 1974, any amendments thereto, similar subsequent federal acts, or any similar provisions of statutory or common law, whether at the local, state, or federal level. 7.Law Enforcement Law Enforcement Activities of any of the Covered Party's law enforcement departments or agencies, except with respect to the General Liability and Automobile Liability Coverage Parts, and then only to the extent coverage is provided under the Law Enforcement Endorsement, if attached to such Coverage Parts. 8.Employment-Related Actions Any Workers' Compensation Law; unemployment compensation or disability benefits law; Jones Act; General Maritime Law; Federal Employers' Liability Act; Federal Employee Compensation Act; Defense Base Act; U.S. Longshoremen's and Harbor Workers' Compensation Act; Federal Coal Mine Health and Safety Act; Non-appropriated Fund Instrumentalities Act; Outer Continental Shelf Lands Act; Migrant and Seasonal Agricultural Worker Protection Act; any federal occupational Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Liability Common Conditions, Definitions & Exclusions Page 96 disease law; amendments to any laws delineated herein; or under any similar law, whether at the local, state, or federal level, for which a Covered Party or any carrier as an lnsured's insurer may be held liable or for which a Covered Party is a qualified self-insurer. 9.Criminal, Fraudulent or Dishonest Acts Any criminal, fraudulent, dishonest or bad faith act committed by, or at the direction of, any Covered Party or arising out of the willful, intentional, knowing or deliberate violation of any federal, state or local statute, ordinance, rule or regulation committed by, or with the knowledge of, a Covered Party. This exclusion does not apply to the Automobile Liability Coverage Part. 10.Sexual Abuse Sexual Abuse, including, but not limited to, liability against a Covered Party arising out of negligence or other wrongdoing in the employment, hiring, investigation, supervision, reporting to the proper authorities (or failure to so report), training, monitoring or retention of a person who committed or allegedly committed such Sexual Abuse. This exclusion does not apply to Sexual Abuse to the extent coverage is provided under an applicable Sexual Abuse endorsement. 11.Any liability arising out of the Administration of Benefits. 12.Liquor Liability Any liability for which any Covered Party may be held liable by reason of: a. Causing or contributing to the intoxication of any person; b. The furnishing of alcoholic beverages to a person under the legal drinking age or under the influence of alcohol; or c. Any federal, state, or local law, statute, ordinance or regulation relating to the sale, gift, distribution or use of alcoholic beverages. This exclusion does not apply with respect to the Automobile Liability Coverage Part. In addition, this exclusion does not apply to any liability arising out of the selling, serving or furnishing of alcoholic beverages at the activities related to Fundraising Activities. 13.Pollution Any of the following: a. The actual, alleged, or threatened discharge, dispersal, seepage, migration, release, presence or escape of Pollutants; or: b. Any of the following: (1)Any request, demand, order, or statutory or regulatory requirement that a Covered Party or others test for, monitor, clean up, remove, contain, treat, detoxify or neutralize, or in any way respond to, or assess the effects of, Pollutants; or (2)Any Claim by or on behalf of a governmental authority or others for damages because of testing for, monitoring, cleaning up, removing, containing, treating, detoxifying or neutralizing, or in any way responding to, or assessing the effects of, Pollutants. With respect to the General Liability Coverage Part, subparagraph a. of this exclusion does not apply to: (1)Bodily Injury or Property Damage caused by heat, smoke, or fumes Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Liability Common Conditions, Definitions & Exclusions Page 97 from a Hostile Fire within a building or premises owned or occupied by, or rented or loaned to, any Covered Party. As used herein, Hostile Fire means a fire which becomes uncontrollable or breaks out from where it was intended to be. (2)Bodily Injury if sustained within a building owned or occupied by, or rented or loaned to, any Covered Party and caused by smoke, fumes, vapor or soot produced by, or originating from, equipment that is used to heat, cool or dehumidify the building or equipment that is used to heat water for personal use by the building's occupants or their guests. (3)Bodily Injury or Property Damage if the pesticide or herbicide application operations performed by the Covered Party are not at any premises, site or location which is or was at any time owned or occupied by, rented or loaned to any Covered Party; and such operations meet all standards of any statute, ordinance, regulation or license requirement of any federal, state or local government which apply to such pesticide or herbicide application operations. However, in no event do the exceptions in (1) and (2) above apply to or at any building, premises, site or location which is or was used by or for any Covered Party or others for the handling, storage, disposal, processing or treatment of waste. Waste is a Pollutant and includes materials to be recycled, reconditioned or reclaimed. With respect to the Automobile Liability Coverage Part, this exclusion does not apply to Accidents that occur away from premises owned or rented to a Covered Party with respect to Pollutants not in or upon a Covered Automobile if: (a)The Pollutants or any property in which the Pollutants are contained are upset, overturned or damaged as a result of the maintenance or use of a Covered Automobile; and (b)The discharge, dispersal, seepage, migration, release, presence or escape of the Pollutants is caused directly by such upset, overturn or damage. 14. Asbestos Any of the following: a. The inhalation, ingestion or physical exposure to asbestos or goods, products or structures containing asbestos; b. The use of, sale of, manufacture of, transportation of, storage of, installation of, removal of, abatement of, distribution of, containment of, or exposure to asbestos, asbestos goods or products, asbestos- containing material, asbestos fibers, or asbestos dust or structures containing asbestos; c. Any Wrongful Act involving asbestos, its use, exposure, presence, existence, detection, removal, elimination or avoidance; d. The presence, existence, detection, elimination, or avoidance of asbestos in any environment, building or structure whatsoever, or any material or product containing, or alleged to contain asbestos; e. The abatement, mitigation, removal or disposal of asbestos, asbestos containing material, asbestos fiber or asbestos dust; f. Any loss, cost or expense incurred to test for, monitor, clean up, remove, contain, treat, detoxify or neutralize exposure to asbestos, asbestos products, asbestos fibers, or asbestos dust; g. Any obligation, request, demand, order, or statutory or regulatory requirement that you or others test for, monitor, clean up, remove, contain, treat, neutralize, protect against or in any other way respond to the actual, alleged or threatened presence or any material or product containing, or alleged to contain asbestos; h. Any supervision, instructions, recommendations, warnings or advice given, Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Liability Common Conditions, Definitions & Exclusions Page 98 or which should have been given in connection with subparagraphs a. through g. above; or i. Any obligation of a Covered Party to indemnify any party in connection with subparagraphs a. through h. above. 15. Lead Any of the following: a. The toxic or pathological properties of lead, lead compounds or lead contained in any materials; b. The abatement, mitigation, removal, or disposal of lead, lead compounds or lead contained in any materials; c. Any supervision, instructions, recommendations, notices, warnings or advice given, or which should have been given, in connection with subparagraphs a. or b. above; or d. Any obligation to share damages, remediation, relief, or other obligation or compensation of any kind with, or to repay, another party that must pay damages, remediation, relief or other obligation or compensation of any kind in connection with subparagraphs a., b. or c. above. 16. Supply Of Utilities The complete or partial failure to adequately supply gas, oil, water, electricity, steam or sewerage. 17. Earth Movement The subsidence, expansion, contraction, vibration, settling, sinking, slipping, falling away, caving in, shifting, eroding, mudflow, landslide, rising, tilting or any other land or earth movement from any cause whatsoever. 18. Aircraft And Aviation Activities The ownership, maintenance, Loading or Unloading, licensure, permit, control, use, entrustment to others or operation of any aircraft, unmanned aircraft or drones, airfields, runways, hangars, buildings or other properties in connection with aviation activities. This exclusion applies even if the liability of a Covered Party arises out of negligence or other wrongdoing in the supervision, hiring, employment, retention, training or monitoring of others by that Covered Party. With respect to the General Liability Coverage Part, this exclusion does not apply to areas within buildings or other properties to which the general public is admitted, unless the injury or damage arises out of the ownership, maintenance, Loading or Unloading, licensure, permit, control, use, entrustment to others or operations of any aircraft, including but not limited to any unmanned aircraft or drone. 19. Watercraft The ownership, maintenance, operation, use, control, licensure, permit, Loading or Unloading or entrustment to others of any watercraft owned or operated by a Covered Party or rented, loaned or chartered by or on behalf of a Covered Party. This exclusion applies even if the Claim against a Covered Party alleges negligence or other wrongdoing in the supervision, hiring, employment, retention, training or monitoring of others by that Covered Party. With respect to the General Liability Coverage Part, this exclusion does not apply to: a. Watercraft while ashore on premises a Covered Party owns or rents; b. Watercraft not owned by a Covered Party that is less than 51 feet long and not Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Liability Common Conditions, Definitions & Exclusions Page 99 being used to carry persons or property for a charge. c. Watercraft under 75 feet in length owned or used by or rented to a Covered Party. In addition to b. above, this exclusion does not apply to Bodily Injury or Property Damage arising out of non-owned watercraft less than 101 feet long used by the Covered Party, provided that the Covered Party: 1. Has no interest in the watercraft as owner in whole or in part; 2. Exercises no part in the servicing or maintenance of the watercraft; and 3. Exercises no part in the appointment or provision of personnel for the operation of the watercraft. However, in no event will this coverage apply: a. To liability arising out of any watercraft product manufactured, sold, handled or distributed by the Covered Party; b. To any watercraft having a seating capacity, including crew, in excess of the number advised to us prior to the coverage being afforded; c. To liability for loss of or damage to the watercraft or any consequential loss arising therefrom; or d. When the watercraft is used by the Covered Party for hire and/or reward. 20. Landfill Or Disposal Sites The ownership, maintenance, operation, control, or use of any landfill or disposal site or other properties in conjunction with landfill or disposal site activities. However, with respect to the General Liability Coverage Part, and subject to the potential applicability of Exclusion 13. Pollution, this exclusion does not apply to areas within buildings or other properties to which the general public is admitted. 21. Dam, Spillway, Levee Or Reservoir The collapse, flooding, cracking, settling, sinking, slipping, rising, shifting, expansion, contraction, vibration, tilting, falling away, caving in, erosion, seepage, underseepage, spillage, subsidence, landslide or earth or land movement of a dam, spillway, levee or reservoir from any cause whatsoever. 22. Covered Party Versus Covered Party Any Claim by a Covered Party against any other Covered Party and any injury or damage to the spouse, child, parent, brother or sister of the Covered Party as a consequence of the above. This exclusion does not apply with respect to the Wrongful Acts Liability Coverage Part to the extent coverage is provided for Employment Practices Violations for a Claim by an Employee. 23. Trampolines & Inflatables Any liability arising out of the ownership, maintenance, or use of trampolines or springboards that are five feet or greater in diameter, or other rebounding devices, including but not limited to Inflatable or air supported amusement equipment. Nor will we cover Bodily Injury or Property Damage that results from any instruction or failure to instruct in the maintenance or use of such devices. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Liability Common Conditions, Definitions & Exclusions Page 100 However, with regards to the General Liability Coverage Part and the Wrongful Acts Liability Coverage Part, we will not apply this exclusion when the following conditions apply at the time of loss: a. Trampolines that are no more than one foot off the ground while used in special education programs under the direction of the school. b. Trampolines, springboards, or other rebounding equipment when used for Cheerleading activities, but only as part of organized interscholastic athletic, or accredited club programs, to include practices and events, at the direction and control of the school or club, with direct supervision of school, or club staff. c. Trampolines, springboards, or other rebounding equipment when used for Gymnastic activities, but only as part of organized interscholastic athletic, or accredited club programs, to include practices and events, at the direction and control of the school or club, with direct supervision of school, or club staff. d.Inflatable or air supported amusement equipment used by a Covered Member, that has been referred to and approved by us prior to use. For the purpose of this exclusion, the following definitions apply: Inflatable means an air supported structure that has a platform, floor, or other artificial surface on which users stand, rebound, run, or slide, and any air supported structure to which users are tethered or otherwise attached to during use. 24. War And Confiscation Any of the following: a. War, including undeclared or civil war; b. Warlike action by a military force, including action in hindering or defending against an actual or expected attack by any government, sovereign or other authority using military personnel or other agents; c. Insurrection, rebellion, revolution, usurped power or action taken by governmental authority in hindering or defending against any of these; or d. Confiscation, nationalization, requisition or destruction of, or damage to, property by or under the order of any government or public or local authority. 25. Nuclear Any of the following: a. A Claim in which a Covered Party is also a Covered Party under a nuclear energy liability policy issued by Nuclear Energy Liability Insurance Association, Mutual Atomic Energy Liability Underwriters, Nuclear Insurance Association of Canada, or any of their successors, or would be an Covered Party under any such policy but for its termination upon exhaustion of its limit of liability; or b. The Hazardous Properties of Nuclear Material and with respect to which: (1)Any person or organization is required to maintain financial protection pursuant to the Atomic Energy Act of 1954, or any law amendatory thereof; or (2)A Covered Party is, or had this Coverage Agreement not been issued would be, entitled to indemnity from the United States of America, or any agency thereof, under any agreement entered into by the United States of America, or any agency thereof, with any person or organization. c. Expenses incurred with respect to Bodily Injury resulting from the Hazardous Properties of Nuclear Material and arising out of the operation of a Nuclear Facility by any person or organization. d. The Hazardous Properties of Nuclear Material, if: (1) The Nuclear Material: Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Liability Common Conditions, Definitions & Exclusions Page 101 (a) Is at any Nuclear Facility owned by, or operated by or on behalf of, a Covered Party; or (b) Has been discharged or dispersed therefrom; (2) The Nuclear Material is contained in Spent Fuel or Waste at any time possessed, handled, used, processed, stored, transported or disposed of by or on behalf of a Covered Party; or (3)Services, materials, parts or equipment are furnished by a Covered Party in connection with the planning, construction, maintenance, operation or use of any Nuclear Facility, but if such facility is located within the United States of America, its territories or possessions or Canada, this subsection (3) applies only to Property Damage to such Nuclear Facility and any property thereat. As used in this exclusion: Hazardous Properties includes radioactive, toxic or explosive properties. Nuclear Material means Source Material, Special Nuclear Material or By-product Material. Source Material, Special Nuclear Material, and By-product Material have the meanings given them in the Atomic Energy Act of 1954 or in any law amendatory thereof. Spent Fuel means any fuel element or fuel component, solid or liquid, which has been used or exposed to radiation in a Nuclear Reactor. Waste means any Waste material: (1) Containing By-product Material other than the tailings or wastes produced by the extraction or concentration of uranium or thorium from any ore processed primarily for its Source Material content; and (2) Resulting from the operation by any person or organization of any Nuclear Facility. Nuclear Facility means: (1) Any Nuclear Reactor, (2) Any equipment or device designed or used for: (a)Separating the isotopes of uranium or plutonium, (b)Processing or utilizing Spent Fuel, (c)Handling, processing or packaging Waste; (3) Any equipment or device used for the processing, fabricating or alloying of Special Nuclear Material if at any time the total amount of such material in the custody of a Covered Party at the premises where such equipment or device is located consists of or contains more than 25 grams of plutonium or uranium 233 or any combination thereof, or more than 250 grams of uranium 235; or (4)Any structure, basin, excavation, premises or place prepared or used for the storage or disposal of Waste; and includes the site on which any of the foregoing is located, all operations conducted on such site and all premises used for such operations. Nuclear Reactor means any apparatus designed or used to sustain nuclear fission in a self-supporting chain reaction or to contain a critical mass of fissionable material. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Liability Common Conditions, Definitions & Exclusions Page 102 Property Damage, as respects this exclusion only, includes all forms of radioactive contamination of property. 26. Privacy Violation and Cyber Liability Any of the following: a. Access to, failure to protect from access of, theft of, unauthorized viewing or copying of, disclosure of, or loss of control of any information; b. The reporting of, or failure to report, an unauthorized access of, theft of, viewing or copying of, disclosure of or loss of control of any information, or failure to comply with Payment Card Industry Data Security Standards, breach notification laws, data security or privacy laws, or statutory requirements to manage an identity theft prevention program; c. The loss of, loss of use of, damage to, corruption of, alteration of, destruction of, inability to access, or inability to manipulate any electronic data. With respect to the General Liability Coverage Part, this subparagraph c. does not apply to damages because of Bodily Injury; d. The loss of, loss of use of, damage to, corruption of, alteration of, destruction of, failure of, slowdown of, malfunction of, or the inability to access or manipulate, any computer or electronically controlled equipment or any internet controlled equipment, including, but not limited to, software, components, hardware and any peripheral equipment, stationary or mobile devices, repositories and storage devices, processing equipment, and any other media or devices that are used with or for any electronically or internet controlled equipment or electronic data dissemination. With respect to the General Liability Coverage Part, this subparagraph d. does not apply to damages because of Bodily Injury; e. The loss of, loss of use of, damage to, corruption of, alteration of, destruction of, failure of, slowdown of, malfunction of, overload of, disablement of, shutdown of, or inability to access, manipulate, or conduct transactions over, any computer or electronic network, data network, communication network, satellite, systems, or website. With respect to the General Liability Coverage Part, this subparagraph e. does not apply to damages because of Bodily Injury; f. Any acts of electronic, e-commerce, or cyber vandalism, cyber or internet crime, cyber terrorism, or any failure to prevent or detect such acts, including, but not limited to: (1)Hacking, phishing, or unauthorized access, modification, or use of a computer or electronic network, data network, communication network, satellite, systems, computer or electronically controlled equipment, internet controlled equipment, or website; (2)Unauthorized use of a name, product, or intellectual property; (3)The transmission of a computer virus or malicious software or code; (4)A computer security breach, network security or content breach, or data breach; (5)A denial of service attack or any network service interruption, disruption or failure; (6)Any fraudulent electronic acts, including, but not limited to, any fraudulent electronic transfer of funds or charges; and (7)Any acts of cyber espionage or cyber extortion. This exclusion applies even if damages are claimed for, or liability is sought in connection with: 1.Business interruption costs, loss of revenue, continuing expenses, extra expenses, increase in costs, repair costs, replacement costs, Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Liability Common Conditions, Definitions & Exclusions Page 103 upgrading or improvement costs, remediation, or restoration expenses, including, but not limited to, any redesign of infrastructure; 2.Post-breach expenses, including, but not limited to, notification costs, credit monitoring expenses, identity or fraud protection expenses, forensic or specialist expenses, investigation costs, legal expenses, public relations expenses and crisis management expenses; 3.Reputational or brand damage; 4.Punitive damages, assessments, fines or penalties; 5.Ransom payments or extortion demands; Or any other loss, costs, expenses or fees incurred by a Covered Party or others arising out of that which is described in subparagraphs a. through f. above. 27.PFAS Liability, including all loss, cost or expense, directly or indirectly arising out of, resulting as a consequence of, or related to PFAS, including but not limited to: a. Any actual, alleged, or threatened: 1. ingestion, inhalation, absorption, existence or presence of, contact with, or exposure to PFAS; 2. manufacture, production, marketing, application, distribution, storage, sale, use, handling, installation, repair, removal, encapsulation, abatement, or safeguarding, warning of or failure to warn of PFAS or any material or substance containing PFAS; or 3. discharge, dispersal, release, leakage, escape or presence of PFAS; regardless of any other cause or event contributing concurrently or in any sequence to the aforementioned; b. Any testing for, monitoring, investigating, cleaning up, removing, studying, containing, treating, abating, encapsulating, controlling, detoxifying, neutralizing, assessing or taking any other action with regard to PFAS; or c. Any request, demand, order, statutory or regulatory requirement, direction or determination that any insured or others test for, monitor, investigate, clean up, remove, study, contain, treat, abate, encapsulate, control, detoxify, neutralize, assess or take any other actions regarding PFAS. “PFAS” (or perfluoroalkyl and polyfluoroalkyl substances) means: a. Any chemical or substance that contains a minimum of one methyl or methylene group on which hydrogen atoms have been partially or completely replaced by fluorine atoms, including but limited to: 1. Polymer, oligomer, monomer or nonpolymer chemicals and their homologues, isomers telomers, salts, derivatives, precursor chemicals, degradation by products; 2. Perfluoroalkyl acids (PFAA), such as perfluorooctanoic acid (PFOA) and its salts, perfluorooctane sulfonic acid (PFOS) and its salts, or perfluorohexane sulfonate acid (PFHxS); 3. Perfluoropolyethers; 4. Fluorotelomer-based substances; or 5. Side-chain fluorinated polymers; or b. Any “PFAS” replacement chemical, compound or product, including but not limited to GenX, Perfluorobutane sulfonic acid, ADONA or F53B. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Liability Common Conditions, Definitions & Exclusions Page 104 28. Communicable Disease Outbreak The coverage under any Liability Coverage Part in this Coverage Agreement does NOT apply to: Any liability, actual or alleged loss, damage, compensation, Bodily Injury, sickness, disease, death, medical expenses, defense expense, cost, expense or any other amount, directly or indirectly and regardless of any other cause contributing concurrently or in any sequence, originating from, caused by, arising out of, contributed to by, resulting from, or otherwise in connection with a Communicable Disease Outbreak or the fear or threat (whether actual or perceived) of a Communicable Disease Outbreak including, but not limited to any cost to clean-up, detoxify, remove, monitor or test for a Communicable Disease associated with a Communicable Disease Outbreak. This exclusion applies even if the Claim against any Covered Party alleges negligence or other wrongdoing in the: a. Supervising, hiring, employing, training or monitoring of others that may be infected with and spread a Communicable Disease associated with a Communicable Disease Outbreak; b. Testing for a Communicable Disease associated with a Communicable Disease Outbreak; c. Failure to prevent the spread of the Communicable Disease associated with a Communicable Disease Outbreak; or d. Failure to report the Communicable Disease associated with a Communicable Disease Outbreak to authorities. 29. Silica and Silica-Related Dust The coverage under any Liability Coverage Part in this Coverage Agreement does NOT apply to: a. Any liability arising, in whole or in part, out of the actual, alleged, threatened or suspected inhalation of, ingestion of, contact with, exposure to, existence of, or presence of, silica or silica-related dust. b. Any loss, cost or expense arising, in whole or in part, out of the abating, testing for, monitoring, cleaning up, removing, containing, treating, detoxifying, neutralizing, remediating or disposing of, or in any way responding to or assessing the effects of, silica or silica-related dust, by any Covered Member or by any other person or entity. As used in this endorsement: 1. Silica means silicon dioxide (occurring in crystalline, amorphous and impure forms), silica particles, silica dust or silica compounds. 2. Silica-related dust means a mixture or combination of silica and other dust or particles. 30. Designated Special Events The coverage under any Liability Coverage Part in this Coverage Agreement does not apply to any liability arising out of the event(s) designated as excluded on the Liability Statement of Values on file with the company or its administrator. This exclusion applies regardless of where such events are conducted by you or on your behalf. 31. Mold/Fungal Pathogens Exclusion The coverage under any Liability Coverage Part in this Coverage Agreement does NOT Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Liability Common Conditions, Definitions & Exclusions Page 105 apply to, and we shall have no obligation to defend or indemnify with respect to any liability in which Fungal Pathogens are either the sole cause of loss or initiated the sequence of events that caused the loss. Fungal Pathogens means any fungus or mycota or any byproduct or type of infestation produced by such fungus or mycota, including but not limited to, mold, mildew, mycotoxins, spores or any biogenic aerosols 32. Residential Construction Exclusion All loss, cost or expense, directly or indirectly arising out of or related to or involving Residential Construction. a. “Residential Construction” as used herein shall mean: (1) All operation or work, including but not limited to development, design, site selection, surface or subsurface site preparation, building or other construction, or improvements, or (2) All products, goods or component parts thereof including any services provided in relation to any of the foregoing covered under the Products or Completed Operations Hazard of the Coverage Agreement and provided or performed by a covered party under such coverage involving property intended in whole or in part to be utilized as Residential Housing in any capacity or any related common or public areas. Notwithstanding the foregoing, “Residential Construction” shall not include cosmetic improvements to the following building materials and the materials themselves as provided under NPIP’s Coverage Document: o Exterior or interior painting or finishing; o Carpeting/flooring; o Upgrade to siding, windows, doors, ceiling tiles; o Addition of covered porches, awnings, breezeways, sheds, covered play structures; or o Addition of interior walls; o HVAC, roofing, plumbing upgrade projects using minimal hot works/welding and no structural changes, valued under $1,000,000. We require that the member is added as Additional Insured to Contractor’s policy. b. “Residential Housing” as used herein shall mean any property utilized for human habitation in any capacity or any related common or public areas, regardless of: (1) Whether such property is in a private or commercial context; (2) Whether such property is single or multi-unit; (3) The type of ownership; (4) The type of construction of such property, including manufactured housing. Notwithstanding the foregoing, “Residential Housing” shall not include nursing homes, assisted living facilities, hospitals, student dormitories, jails, prisons, apartment buildings, hotels or motels provided they are not converted to condominiums or other forms of common interest ownership. 33. California Exclusion The coverage under any Liability Coverage Part in this Coverage Agreement does not apply to any liability resulting from exposures or operations located in the state of California. 34. Permanent Supportive Housing Exclusion Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Liability Common Conditions, Definitions & Exclusions Page 106 We will not pay for loss or damage caused by or resulting from the ownership, maintenance, operation, use, occupancy, development, construction, or management of any Permanent Supportive Housing (PSH) property, facility, or operation, regardless of whether such activities are conducted by you or on your behalf, or whether they are conducted for yourself or for others. For the purpose of this exclusion, Permanent Supportive Housing (PSH) is defined as follows: Subsidized, leased housing with no limit on length of stay that prioritizes people who need comprehensive support services to retain tenancy and utilizes admissions practices designed to use lower barriers to entry than would be typical for other subsidized or unsubsidized rental housing, especially related to rental history, criminal history, and personal behaviors. Permanent supportive housing is paired with on-site or off-site voluntary services designed to support a person living with a complex and disabling behavioral health or physical health condition who was experiencing homelessness or was at imminent risk of homelessness prior to moving into housing to retain their housing and be a successful tenant in a housing arrangement, improve the resident's health status, and connect the resident of the housing with community-based health care, treatment, or employment services. This exclusion does not apply to the ownership, maintenance, operation, use, occupancy, development, construction, or management of any property or facility used for the sole purpose of providing housing and care to individuals with developmental disabilities that utilize independent screening practices and would not fit the definition of Permanent Supportive Housing above, RCW 36.70A 35. Chromated Copper Arsenate We will not pay for loss or damage caused by or resulting from: (1) Bodily Injury, Property Damage or Personal and Advertising Injury arising out of the actual, alleged or threatened exposure at any time to chromated copper arsenate (CCA), whether such CCA is in pure form or is or was combined with any other chemical product or material, and whether the existence of or exposure to CCA is or is alleged to have caused damage in any sequence or combination with, or contributed to or was contributed to by any other cause or causes of injury or damage; or (2) Any loss, cost or expense that may be awarded or incurred by reason of a claim or Suit for any such injury or damage. This includes any injury or damage caused or alleged to have been caused by the removal, eradication, detoxification, remediation or decontamination of CCA or property containing CCA and includes any liability, cost or expense to remediate or prevent “bodily injury”, “property damage” or “personal and advertising injury” from CCA. This exclusion shall apply without regard to the allegations or basis of the Covered Party’s liability. SECTION IV. LIMIT OF COVERAGE FOR THE SAME OR INTERRELATED OR CAUSALLY CONNECTED ACCIDENTS, OCCURRENCES, WRONGFUL ACTS OR CLAIMS Notwithstanding anything in this Coverage Agreement to the contrary: The Limit of Liability in each Coverage Part is subject to the following: Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Liability Common Conditions, Definitions & Exclusions Page 107 A. Limit of Coverage If More Than One Coverage Part Applies If more than one Coverage Part under this Coverage Agreement applies: 1. the same Accident, Occurrence, Wrongful Act or Claim; or 2.Accidents, Occurrences, Wrongful Acts or Claims that are interrelated or causally connected by common facts, circumstances, transactions, events or decisions (paragraphs 1. And 2. above are collectively a “Single Accident, Occurrence, Wrongful Act or Claim”) the most that we will pay for the Single Accident, Occurrence, Wrongful Act or Claim, under all applicable Coverage Parts combined, is the amount corresponding to the largest available applicable Limit of Coverage, less any amounts, if any, previously paid for such Single Accident, Occurrence, Wrongful Act or Claim. Any payment made under this paragraph shall also reduce or exhaust the Limit(s) of Coverage corresponding to the applicable Coverage Part(s) for such Single Accident, Occurrence, Wrongful Act or Claim. B. Limit of Coverage If More than One Coverage Agreement Issued by Us Applies If more than one Coverage Agreement issued by Us and/or policy issued by American Alternative Insurance Company or Princeton Excess and Surplus Lines Insurance Company issued to the Member as a Member of NPIP applies to a Single Accident, Occurrence, Wrongful Act or Claim, the most we will pay under all applicable Coverage Agreements or policies and all applicable Coverage Parts combined is the amount corresponding to the largest available Limit of Coverage, less any amounts previously paid, if any, for the Single Accident, Occurrence, Wrongful Act or Claim. Any payment made under this paragraph shall also reduce or exhaust the limit corresponding to the applicable Coverage Part(s) for such covered Accident, Occurrence, Wrongful Act and/or Claim. C. Limit For A Single Accident, Occurrence, Wrongful Act or Claim Any payment made by us under subsections A. or B. above remains subject to the Limit corresponding to the applicable Coverage Part(s) for each covered Accident, Occurrence, Wrongful Act and/or Claim, less any amount, if any, previously paid for a Limit for the Single Accident, Occurrence, Wrongful Act or Claim. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Defense Costs Outside of Limit Endorsement Page 108 DEFENSE COSTS OUTSIDE THE LIMITS THIS ENDORSEMENT CHANGES THE COVERAGE AGREEMENT. PLEASE READ IT CAREFULLY This endorsement modifies coverage provided under the following: GENERAL LIABILITY COVERAGE PART AUTOMOBILE LIABILITY COVERAGE PART STOP GAP EMPLOYERS LIABILITY COVERAGE PART MISCELLANEOUS PROFESSIONAL LIABILITY COVERAGE PART WRONGFUL ACTS LIABILITY COVERAGE PART Schedule Defense Costs Limit $ 5,000,000 Paragraph 7 of Section D. Limits of Coverage in the General Liability Coverage Part, Paragraph 3 of Section D. Limits of Coverage in the Automobile Liability Coverage Part, Paragraph 6 of Section B. Limits of Coverage in the Stop Gap Employers Liability Coverage Part, Paragraph 6 of Section D. Limits of Coverage in the Miscellaneous Professional Liability Coverage Part, Paragraph 6 of Section D. Limits of Coverage in the Wrongful Acts Coverage Part, and paragraph 4. of Section E. Limits of Coverage in the Fiduciary Liability Endorsement are replaced by the following: (1) If the final adjusted total settlement or award of damages is less than or equal to our applicable Limit of Coverage, we shall pay the amount of Defense Costs incurred by you up to the Defense Costs Limit shown in the above Schedule; or (2) If the final total settlement or award of damages is more than our applicable Limit of Coverage, coverage for Defense Costs shall be limited to the ratio of the total amount of the settlement or judgment to the applicable limit of liability, up to the Defense Costs Limit shown in the above Schedule. If the application of this ratio results in NPIP’s overpayment of Defense Costs, the Covered Member shall reimburse NPIP the amount of the overpayment within 60 days of NPIP’s request. In addition, we will no longer pay Defense Costs once the applicable Limit of Coverage has been exhausted by the payment of judgments or settlements. All other terms and conditions remain unchanged. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement General Liability Coverage Part Page 109 GENERAL LIABILITY COVERAGE PART SECTION I. COVERAGES - BODILY INJURY, PERSONAL INJURY, ADVERTISING INJURY AND PROPERTY DAMAGE A.COVERAGE CLAUSE 1.In return for the payment of the premium, we agree with you to pay those amounts for which the Covered Party becomes legally obligated to pay as damages because of Bodily Injury, Personal Injury, Advertising Injury, or Property Damage to which this Coverage Part applies. The Coverage Part applies to Bodily Injury, Personal Injury, Advertising Injury, or Property Damage only if: a.The Bodily Injury, Personal Injury, Advertising Injury or Property Damage is caused by an Occurrence that takes place in the Coverage Territory; b.The Occurrence occurs prior to the expiration of the Coverage Agreement Period; c.Prior to the Coverage Agreement Period, no Authorized Party knew that such Bodily Injury, Personal Injury, Advertising Injury or Property Damage had occurred, in whole or in part. If any Authorized Party knew, prior to the Coverage Agreement Period, that such Bodily Injury, Personal Injury, Advertising Injury or Property Damage had occurred, in whole or in part, then any continuation, change or resumption of such Bodily Injury, Personal Injury, Advertising Injury or Property Damage during or after the Coverage Agreement Period will be deemed to have been known prior to the Coverage Agreement Period; and d.Bodily Injury, Personal Injury, Advertising Injury or Property Damage, to which this coverage applies, occurs after the Occurrence and during the Coverage Agreement Period. 2.Bodily Injury, Personal Injury, Advertising Injury or Property Damage will be deemed to have been known to have occurred at the earliest time when any Authorized Party: a.Reports any part of the Bodily Injury, Personal Injury, Advertising Injury or Property Damage to us or any other insurer; b.Receives a Claim for damages because of such Bodily Injury, Personal Injury, Advertising Injury or Property Damage; or c.Becomes aware by any means whatsoever that Bodily Injury, Personal Injury, Advertising Injury or Property Damage has occurred or has begun to occur, in whole or in part. 3.Related Occurrences All Occurrences that are interrelated or causally connected by common facts, circumstances, transactions, events or decisions will be considered one Occurrence and will be considered to have occurred at the time the first of those Occurrences occurred. However, this does not include any Occurrences that take place after the expiration of: a.This Coverage Agreement; or b.Any renewal of this Coverage Agreement or any subsequent renewals, all issued by us on a continuous basis with no intervening insurance or self-insurance by any other carrier or entity; whichever is later, regardless of whether or not they are interrelated with or causally connected to a prior Occurrence. 4.Fire Damage Liability. In return for the payment of premium, we shall pay for damages the Covered Party becomes legally obligated to pay because of damage by fire to any one premises, while rented to the Covered Member or temporarily occupied by the Covered Member with permission of the owner. Such fire damage must first arise out of an Occurrence during the Coverage Agreement Period that takes place in the Coverage Territory. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement General Liability Coverage Part Page 110 B. DEFENSE AND SETTLEMENT 1. We have the right and duty to defend, through attorneys of our choice, any Claim against a Covered Party seeking damages because of Bodily Injury, Personal Injury, Advertising Injury, or Property Damage to which this Coverage Part applies. If we defend, we will pay Defense Costs of a Claim or Suit against a Covered Party who is covered under this Coverage Part. However, we have no duty to defend against any Claim or Suit seeking damages to which this Coverage Part does not apply. Our defense obligation will end when we have used up the applicable limit of coverage with the payment of judgments, settlements, and/or Defense Costs, whichever comes first. 2. You and any Covered Party must obtain our prior written approval before offering or agreeing to pay an amount or settle any Claim under this Coverage Part. 3. We shall have the right to propose a settlement for any Claim or Suit. If a Covered Party refuses to consent to a settlement, we will limit the total amount we will pay for damages and Defense Costs to no more than the amount we would have paid had you given consent to the proposed settlement. No other obligation to pay any additional sums or perform acts or services is covered. C. DEDUCTIBLE Your Deductible is the amount shown in the Liability Coverages Declarations Item 1. D. LIMITS OF COVERAGE 1.The Limits of Coverage specified in the Liability Coverages Declarations and the rules below set the most we will pay regardless of: a.The number of persons and organizations who are Covered Parties under this Coverage Agreement; b.The number of Claims made or Suits brought against any or all Covered Parties; or c.The number of persons or organizations making Claims. 2.The General Liability each Occurrence Limit in Item 2. of the Liability Coverages Declarations is the most we will pay for all damages because of Bodily Injury, Personal Injury, Advertising Injury and Property Damage arising out of any one Occurrence. Two or more claims for damages because of the same incident or interrelated incidents involving Bodily Injury, Personal Injury, Advertising Injury, or Property Damage shall be considered one Occurrence and shall be assigned to only one Coverage Agreement, coverage form, or insurance policy (whether issued by this risk pool, another risk pool, coverage provider, or insurer) and if this Coverage Agreement applies, only one limit of coverage shall apply. 3.The General Liability Annual Aggregate Limit in Item 2 of the Liability Coverages Declarations is the most we will pay for all damages because of (1) Property Damage or Bodily Injury not included within the Products and Completed Work Liability; and (2) Personal Injury and Advertising Injury. 4.The Products and Completed Work Liability Annual Aggregate Limit in Item 2 of the Liability Coverages Declarations, is most we will pay for all Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement General Liability Coverage Part Page 111 damages because of Bodily Injury or Property Damage included within the Products and Completed Work Liability. 5.The Group Aggregate Limit (All Liability Coverages) in Item 2 of the Liability Coverages Declarations is the most we will pay for all damages under any and all Coverage Agreements issued by us to Group Members and effective during the Coverage Period. 6.The Aggregate Limit of Coverage, specified in Item 2. of the Liability Coverages Declarations apply separately to each consecutive annual period, and to any remaining period of less than twelve (12) months, starting with the beginning of the Coverage Period shown in the Declarations. If the Coverage Period is extended after issuance for an additional period of less than twelve (12) months, then the additional period will be deemed part of the last preceding period for purposes of determining the Limit of Coverage Aggregates for this Coverage Part. 7.Defense Costs are included in the limits specified in Item 2. of the Liability Coverage Declarations and will reduce the Limits of Coverage provided by this Coverage Part. 8.The Limit of Coverage for Fire Damage Liability resulting from an Occurrence for will not exceed the amount specified in the Declarations for the Fire Damage Liability Limit of Coverage Each Occurrence Limit. Subject to the above, the Limit of Coverage for physical damage other than by fire resulting from an Occurrence will not exceed the amount specified in the Declarations for the Other Than Fire Damage Liability Limit of Coverage Each Occurrence Limit. The Other Than Fire Damage Liability Limit is part of and not in addition to the Fire Damage Liability Limit. 9.The Fire Damage Liability Limit of Coverage is part of and NOT in addition to the Limit of Coverage for the General Liability Coverage Part stated in the Declarations of this Coverage Agreement. E. EXCLUSIONS The following exclusions apply to this Coverage Part in addition to the exclusions in the LIABILITY COVERAGES – COMMON CONDITIONS, DEFINITIONS AND EXCLUSIONS section of this Coverage Agreement. The coverage under this Coverage Part does not apply to, and we shall have no defense or indemnity obligation with respect to, liability based upon, arising out of, directly or indirectly resulting from, in connection with or in any way involving: 1.Expected Or Intended Injury Bodily Injury or Property Damage either expected or intended from the standpoint of the Covered Party. This exclusion does not apply: a.To Bodily Injury resulting from the use of reasonable force to protect persons or property; or b.To the extent that coverage is provided under the Law Enforcement Endorsement, if attached to this Coverage Part. 2.Knowing Violation of Rights Of Another Personal Injury or Advertising Injury caused by or at the direction of the Covered Party with the knowledge that the act would violate the rights of another and would inflict Personal Injury or Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement General Liability Coverage Part Page 112 Advertising Injury. 3.Contractual Liability A Covered Party’s obligation to pay damages by reason of the assumption of liability in a contract or agreement. This exclusion does not apply to liability for damages: a.That the Covered Party would have in the absence of the contract or agreement; or b.Assumed in a contract or agreement that is a Covered Contract provided the Bodily Injury or Property Damage occurs subsequent to the execution of the contract or agreement; and such contract or agreement was in effect at the inception of the Coverage Agreement Period or becomes effective during the Coverage Agreement Period. 4.Employer's Liability Bodily Injury to any employee of the Covered Party whose employment is not subject to the Industrial Insurance Act of Washington (Washington Revised Code Title 51).: a.An Employee of a Covered Party arising out of and in the course of: (1)Employment by a Covered Party; or (2)Performing duties related to the conduct of a Covered Party's business; or b.The spouse, child, parent, brother or sister of that Employee as a consequence of a. above. This exclusion applies: (1)Whether a Covered Party may be liable as an employer or in any other capacity; or (2)To any obligation to share damages with or repay someone else who must pay damages because of the injury. This exclusion does not apply to liability assumed by a Covered Party under a Covered Contract. With respect to Bodily Injury to employees of the Covered Party whose employment is subject to the Industrial Insurance Act of Washington, This coverage does not apply to: 1.Bodily Injury to an employee of the Covered Party arising out of and in the course of: a. Employment by the Covered Party; or b. Performing duties related to the conduct of the Covered Party's business; or 2. Any obligation to share damages with or repay someone else who must pay damages because of the injury. This exclusion does not apply to liability assumed by the Covered Party under a Covered Contract. 5.Employment Practices Violations Any Employment Practices Violations, any form of discrimination or violation of civil rights. However, this exclusion does not apply to the extent that coverage is provided under the Law Enforcement Endorsement, if attached to this Coverage Part. 6.Damage To Property Any Property Damage to: a.Property owned, occupied or leased by you or purchased by you under installment sales contract or property on consignment to you; b.Property loaned to you; c.Personal property in the care, custody or control of a Covered Party, except to the extent that coverage is provided under the Law Enforcement Endorsement, if attached to this Coverage Part; d.Premises you sell, give away or abandon, if the Property Damage arises out of any part of those premises; Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement General Liability Coverage Part Page 113 e.That particular part of real property on which you or any of your contractors or subcontractors working directly or indirectly on your behalf are performing operations, if the Property Damage arises out of those operations; or f.That particular part of any property that must be restored, repaired or replaced because Your Work was incorrectly performed on it. g.However, this exclusion does not apply to the extent that coverage is provided under the Fire Damage Liability coverage provided in Section A, Item 4 of this coverage part. 7.Damage To Your Work, Your Product or Impaired Property Any Property Damage to: a.Your Work arising out of the work or out of materials, parts or equipment furnished with such work; b.Your Product arising out of Your Product or any part of it; or c.Impaired Property or property not physically injured, arising out of a defect, deficiency, inadequacy or dangerous condition in Your Product or Your Work, or a delay or failure by you or anyone acting on your behalf to perform a contract or agreement in accordance with its terms. Subparagraph c. does not apply to the loss of use of other property arising out of unexpected and unintended physical injury to Your Product or Your Work after it has been put to its intended use. 8.Advertising Injury - Breach of Contract, Wrong Description And Statement Of Quality Advertising Injury resulting from: a.Failure of performance of contract, but this exclusion does not apply to Claims for misappropriation of ideas based upon alleged breach of an implied contract; b.Incorrect description of any article or commodity; c.Any mistake in advertised price; or failure of goods, products or services to conform with advertised quality or performance. 9.Material Published With Knowledge Of Falsity Or Prior To Coverage Agreement Period Personal Injury arising out of: a.Oral or written publication of material, if done by or at the direction of the Covered Party with knowledge of its falsity; b.Oral or written publication of material whose first publication took place before the beginning of the Coverage Agreement period. 10.Automobile Bodily Injury or Property Damage arising out of: a.The ownership, entrustment, maintenance, operation, use, Loading or Unloading of Automobiles by or on behalf of a Covered Party; or while Automobiles are being transported by or on behalf of a Covered Party; or b.The transportation of Mobile Equipment by an Automobile owned or operated by or rented or loaned to any Covered Party. This exclusion applies even if the Claims against any Covered Party allege negligence or other wrongdoing in the supervision, hiring, employment, training or monitoring of others by that Covered Party. This exclusion does not apply to Bodily Injury or Property Damage arising out of the operation of: (1) Any equipment listed in subparagraphs 23.f.(2) and (3) of the definition of Mobile Equipment in LIABILITY COVERAGES – COMMON CONDITIONS, DEFINITIONS AND EXCLUSIONS; or (2) Machinery or equipment that is on, attached to or part of a land vehicle that would qualify under the definition of Mobile Equipment if it were not subject to a compulsory or financial responsibility law or other motor vehicle insurance law where it is licensed or principally Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement General Liability Coverage Part Page 114 garaged. 11. Automobile First Party Damage, Uninsured Motorists Law, No Fault Law Or Medical Payments Any liability or obligation imposed on a Covered Party, or any loss, cost or expense arising directly or indirectly out of any: first party physical damage coverage; uninsured and/or underinsured motorist law; no fault law; personal injury protection law or Automobile medical payments coverage. 12. Short-term and Vacation Rentals Any liability resulting from a location owned by the Covered Member that is used as a vacation rental or short-term rental. This exclusion applies regardless of whether or not the location is scheduled and on file with the Company. 13.Parkour Activities Exclusion Any Bodily Injury, Property Damage, or Personal and Advertising Injury arising out, resulting from, or in any way related to: 1. The practice, instruction, participation in, supervision of, or organization of Parkour Activities, including but not limited to vaulting, climbing, jumping, running, or other acrobatic movements performed in urban or natural environments; 2. The use of any equipment, structures, or terrain in connection with Parkour Activities; 3. Any events, exhibitions, or training sessions involving Parkour, whether sponsored by a Covered Party, or occurring on premises owned, leased, or operated by a Covered Party. As used within this exclusion, Parkour Activities mean: The physical discipline or activity involving movement through and interaction with the environment by running, jumping, climbing, vaulting, swinging, or other acrobatic maneuvers, typically performed in urban or natural settings. This includes, but is not limited to, activities commonly referred to as free running, urban acrobatics, or obstacle traversal, whether performed recreationally, competitively, or as part of organized instruction, training, or events. This exclusion applies regardless of whether the Parkour activity is conducted indoors or outdoors, professionally or recreationally, and whether or not safety measures are in place. F. DEFINITIONS The following definitions apply to this Coverage Part in addition to the exclusions in the LIABILITY COVERAGES – COMMON CONDITIONS, DEFINITIONS, AND EXCLUSIONS section of this Coverage agreement. 1. Covered Contract means: a.A contract for a lease of premises. However, that portion of the contract for a lease of premises that indemnifies any person or organization for damage by fire to premises rented to you or temporarily occupied by you with permission of the owner is not a Covered Contract; b.A sidetrack agreement; c.Any easement or license agreement except in connection with: (1)Vehicle or pedestrian private railroad crossings at grade; or (2)Construction or demolition operations on or within 50 feet of a railroad; d.A mutual aid assistance agreement or contract between political subdivisions; e.An elevator maintenance agreement; Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement General Liability Coverage Part Page 115 f.An obligation, as required by ordinance, to indemnify a municipality, except in connection with work for a municipality; g.That part of any other written contract or agreement pertaining to your business (including an indemnification of a municipality in connection with work performed for a municipality) under which you assume the tort liability of another party to pay for Bodily Injury or Property Damage to a third person or organization. Tort liability means a liability that would be imposed by law in the absence of any contract or agreement. Paragraph g. does not include that part of any contract or agreement: (1)That indemnifies a railroad for Bodily Injury or Property Damage arising out of: (i)Construction or demolition operations, within 50 feet of any railroad property and affecting any railroad bridge or trestle, tracks, road-beds, tunnel, underpass or crossing; or (ii)Vehicle or pedestrian private railroad crossings at grade; (2)That indemnifies an architect, engineer or surveyor for injury or damage arising out of: (i)Preparing, approving, or failing to prepare or approve, maps, shop drawings, opinions, reports, surveys, field orders, change orders, or drawings and specifications; or (ii)Giving directions or instructions, or failing to give them, if that is the primary cause of the injury or damage; or (3)Under which the Covered Party, if an architect, engineer or surveyor, assumes liability for an injury or damage arising out of the Covered Party's rendering or failure to render professional services, including those listed in (2) above and supervisory, inspection, architectural or engineering activities. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement General Liability Coverage Part Page 116 GARAGE LIABILITY COVERAGE EXTENSION THIS ENDORSEMENT CHANGES THE COVERAGE AGREEMENT. PLEASE READ IT CAREFULLY This endorsement modifies coverage provided under the following: GENERAL LIABILITY COVERAGE PART This endorsement changes the Coverage Agreement effective on the inception date of the Coverage Agreement unless another date is indicated above. This coverage extension is subject to all terms and conditions of the General Liability Coverage Part to which this coverage extension is attached, except as otherwise stated below. A. COVERAGE CLAUSE In return for the payment of the premium, the General Liability Coverage Part is extended to include defense and payment of those amounts for which you become legally obligated to pay as damages for Bodily Injury or Property Damage arising out of or due to your Garage Operations, first arising out of an Occurrence during the Coverage Period in the Coverage Territory. The most we will pay under this Coverage Extension in any one Occurrence for each Covered Member is the Garage Liability sublimit stated in the Liability Declarations. This limit is part of and not in addition to the General Liability Limit of Coverage shown in the Declarations. The Garage Liability Limit Each Occurrence Annual Aggregate Limit in Item 2. of the Liability Coverages Declarations is the most we will pay for all Bodily Injury or Property Damage arising out of or due to your Garage Operations during the Coverage Period. No other obligation to pay any additional sums or perform acts or services is covered. B.EXCLUSIONS In addition to the Exclusions in the LIABILITY COVERAGES – COMMON CONDITIONS, DEFINITIONS AND EXCLUSIONS form, the exclusions in the General Liability Coverage Part apply with the following changes: 1.Exclusion 8. Employment-Related Actions is deleted. 2.The following is added to Exclusion 11. Administration of Employee Benefits: This exclusion does NOT apply to the extent that Bodily Injury or Property Damage is covered under the Garage Liability Endorsement. 3.The following exclusions are added: 13.Property Damage to any of Your Products, if caused by a defect existing in Your Products or any part of Your Products, at the time it was transferred to another. 14.Property Damage to Your Work if the Property Damage results from any part of the work itself or from the parts, materials or equipment used in connection with the work. 15. Loss of use of other property not physically damaged if caused by: Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement General Liability Coverage Part Page 117 a. A delay or failure by you or anyone acting on your behalf to perform a contract agreement in accordance with its terms. b. A defect, deficiency, inadequacy or dangerous condition in Your Products or Your Work. But this exclusion 15.b. does not apply if the loss of use was caused by sudden and accidental damage to or destruction of Your Products or Your Work after they have been put to their intended use. 16. Damages claimed for any loss, cost or expense incurred by you or others for the loss of use, withdrawal, recall, inspection, repair, replacement, adjustment, removal or disposal of Your Products or Your Work or other property of which they form a part, if such product, work or property is withdrawn or recalled from the market or from use by any person or organization because of a known or suspected defect, deficiency, inadequacy or dangerous condition in it. C. DEFINITIONS 1.Under the Definitions section of the LIABILITY COVERAGES – COMMON CONDITIONS, DEFINITIONS AND EXCLUSIONS section of the Coverage Agreement, the following definitions are revised but only with respect to the coverage provided by this endorsement: a.The definition of Covered Party is replaced by the following: Each of the following is a Covered Party with respect to your Garage Operations: (1)You; (2)Your Employees or students, but only while acting within the scope of their duties in your Garage Operations. b.The Property Damage definition is replaced by the following: Property Damage means damage to or loss of use of tangible property. c.The Your Product definition is replaced by the following: Your Product includes: (1)The goods or products you made or sold in your Garage Operations; and (2)The providing or failing to provide warnings or instructions. d.The Your Work definition is replaced by the following: Your Work includes: (1)Work that someone performed on your behalf; and (2)The providing of or failure to provide warnings or instructions. 2.The following definition is added: Garage Operations includes the maintenance, service or repair by your students or Employees of a client's or customer's Automobile left in your care, custody or control for such maintenance, service or repair. All other terms and conditions remain unchanged. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement General Liability Coverage Part Page 118 STOP GAP - EMPLOYER'S LIABILITY - WASHINGTON THIS ENDORSEMENT CHANGES THE COVERAGE AGREEMENT. PLEASE READ IT CAREFULLY This endorsement modifies coverage provided under the following: GENERAL LIABILITY COVERAGE PART This endorsement changes the Coverage Agreement effective on the inception date of the Coverage Agreement unless another date is indicated above. States in which this coverage applies: Washington This coverage extension is subject to all terms and conditions of the General Liability Coverage to which this coverage extension is attached, except as otherwise stated below. A. COVERAGE CLAUSE In return for the payment of the premium, the General Liability Coverage Part is extended to include defense and payment of those amounts for which you become legally obligated by Washington law to pay as damages because of Bodily Injury by Accident or Bodily Injury by Disease to your Employee or volunteer, to which the coverage under this endorsement applies. This coverage applies to Bodily Injury by Accident or Bodily Injury by Disease only if: 1.The: a.Bodily Injury by Accident or Bodily Injury by Disease takes place in the Coverage Territory; b.Bodily Injury by Accident or Bodily Injury by Disease arises out of and in the course of: the injured employee’s employment by you or the injured Volunteer Worker service for you; and c.Employee or Volunteer Worker at the time of the injury, was covered under a worker’s compensation policy and subject to Workers Compensation Law of Washington; and 2.The: a. Bodily Injury by Accident is caused by an accident that occurs during the Coverage Agreement Period; or b.Bodily Injury by Disease is caused by or aggravated by conditions of employment by you or Volunteer Worker service for you and the injured Employees or Volunteer Worker last day of last exposure to the conditions causing or aggravating such Bodily Injury by Disease occurs during the Coverage Agreement Period. Damages, as used in this endorsement, include those: 1.For which you are liable to a third party by reason of a Claim or Suit against you by that third party to recover the damages claimed against such third party as a result of injury to your Employee or Volunteer Worker; 2.For care and loss of services; and 3.For consequential Bodily Injury by Accident or Bodily Injury by Disease to a spouse, child, parent, brother or sister of the injured Employee or Volunteer Worker; provided that the damages set forth in 1. through 3. above are the direct consequence of Bodily Injury by Accident or Bodily Injury by Disease Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement General Liability Coverage Part Page 119 that arises out of and in the course of: the injured Employee's employment by you or the injured Volunteer Worker service for you; and 4.Because of Bodily Injury by Accident or Bodily Injury by Disease to your Employee that arises out of and in the course of employment or to your Volunteer Worker that arises out of and in the course of the Volunteer Worker service for you, claimed against you in a capacity other than as an employer. No other obligation to pay any additional sums or perform acts or services is covered. B. LIMITS OF COVERAGE 1.The Limits of Coverage set forth in the Liability Coverages Declarations and the rules below set the most we will pay regardless of: a.The number of persons and organizations who are Covered Parties under this Coverage Agreement; b.The number of Claims made or Suits brought against any or all Covered Parties; or c.The number of persons or organizations making Claims. 2.The Stop Gap Employer’s Liability Sublimit Each Accident in Item 2. of the Liability Coverages Declarations, is the most we will pay for all damages resulting from any one Accident under this coverage extension. 3.The Stop Gap Employer’s Liability Annual Aggregate in Item 2. of the Liability Coverages Declarations, is the most we will pay for all damages under this coverage extension. 4.The Annual Group Aggregate Limit (All Liability Coverages) in Item 2. of the Liability Coverages Declarations is the most we will pay for all damages under any and all Coverage Agreements issued by us to Group Members and effective during the Coverage Period. 5.The Limits of Coverage for this coverage extension are part of, and not in addition to the applicable Limits of Coverage for the General Liability Coverage Part stated in the Liability Coverages Declarations of this Coverage Agreement. 6.Defense Costs are included in the limits specified in Item 2. of the Liability Coverages Declarations and will reduce the Limits of Coverage provided by this coverage extension. C. EXCLUSIONS The exclusions in the LIABILITY COVERAGES – COMMON CONDITIONS, DEFINITIONS AND EXCLUSIONS section of the Coverage Agreement apply to this coverage extension. However, the exclusions in the General Liability Coverage Part are replaced by the following: This coverage does NOT apply to: 1.Bodily Injury by Accident or Bodily Injury by Disease suffered or caused by any Employee while employed or Volunteer Worker while performing a service in violation of law with your actual knowledge or the actual knowledge of any of your executive officers. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement General Liability Coverage Part Page 120 As used in this endorsement, executive officer means a person holding any of the officer positions created by your charter, constitution, by-laws or any other similar governing document. 2.Any premium, assessment, penalty, fine, benefit or other obligation imposed by or granted pursuant to : a.The Federal Employer's Liability Act (45 USC Section 51-60); b.The Non-appropriated Fund Instrumentalities Act (5 USC Sections 8171-8173); c.The Longshore and Harbor Workers' Compensation Act (33 USC Sections 910- 950); d.The Outer Continental Shelf Lands Act (43 USC Section 1331-1356); e.The Defense Base Act (42 USC Sections 1651-1654); f.The Federal Coal Mine Health and Safety Act of 1969 (30 USC Sections 901-942); g.The Migrant and Seasonal Agricultural Worker Protection Act (29 USC Sections 1801-1872); h.Any other workers compensation, unemployment compensation or disability laws or any similar law; or i.Any subsequent amendments to the laws listed above. 3.Any obligation of the member under a workers' compensation, disability benefits or unemployment compensation law or any similar law. 4.Bodily Injury by Accident or Bodily Injury by Disease to any Employee in the course of employment or Volunteer Worker while performing a service that is subject to the Jones Act, General Maritime Law, the Federal Employers' Liability Act, Federal Employee Compensation Act, the Defense Base Act, U.S. Longshoremen's and Harbor Workers' Compensation Act, Federal Coal Mine Health and Safety Act, any federal occupational disease law; any amendments to such laws or under any similar law. 5.Bodily Injury by Accident or Bodily Injury by Disease to an Employee Volunteer Worker when you are: a.Deprived of common law defenses; or b.Otherwise subject to penalty; because of your failure to secure your obligations or other failure to comply with any Workers Compensation Law. 6.Liability that you assume under any contract or agreement. 7.Bodily Injury by Accident or Bodily Injury by Disease intentionally caused or aggravated by you, or Bodily Injury by Accident or Bodily Injury by Disease resulting from an act which is determined to have been committed by you if it was reasonable to believe that an injury is substantially certain to occur. 8.Bodily Injury by Accident or Bodily Injury by Disease arising out of Employment Practices Violations. 9.Bodily Injury by Accident or Bodily Injury by Disease suffered or caused by any person: a.Knowingly employed by you in violation of any law as to age; or b.Under the age of 14 years, regardless of any such law. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement General Liability Coverage Part Page 121 10.Bodily Injury by Accident or Bodily Injury by Disease to a master or member of the crew of any vessel or any member of the flying crew of an aircraft. 11.Any assessment, penalty, or fine levied by any regulatory inspection agency or authority. 12.Multiple, exemplary or punitive damages. D. DEFINITIONS 1.For the purposes of this endorsement, the following definitions are added: Bodily Injury by Accident Means: Bodily injury, sickness or disease, sustained by a person, including death resulting from an accident. A disease is not Bodily Injury By Accident unless it results directly from Bodily Injury by Accident. Bodily Injury by Disease Means: A disease sustained by a person, including death. Bodily Injury by Disease does not include a disease that results from an accident. Workers Compensation Law Means: The Workers Compensation Law and any Occupational Disease Law of Washington. This does not include provisions of any law providing non-occupational disability benefits. 2.With respect to this endorsement, the definition of Bodily Injury in the LIABILITY COVERAGES – COMMON CONDITIONS, DEFINITIONS AND EXCLUSIONS section of the Coverage Agreement does not apply. 3.The following is added to the definition of Occurrence in the LIABILITY COVERAGES – COMMON CONDITIONS, DEFINITIONS AND EXCLUSIONS section of the Coverage Agreement: Occurrence Means: d. Under the Employer's Liability Endorsement, with respect to Bodily Injury by Accident or Bodily Injury by Disease, including continuous repeated exposure to substantially the same generally harmful conditions which results in Bodily Injury by Accident or Bodily Injury by Disease. All such exposure to substantially the same general conditions will be considered as arising out of one Occurrence. All other terms and conditions remain unchanged. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement General Liability Coverage Part Page 122 TRAUMATIC EVENT RESPONSE COVERAGE THIS ENDORSEMENT CHANGES THE COVERAGE AGREEMENT. PLEASE READ IT CAREFULLY This endorsement modifies coverage provided under the following: GENERAL LIABILITY COVERAGE PART This endorsement changes the Coverage Agreement effective on the inception date of the Coverage Agreement unless another date is indicated above. This Traumatic Event Response Coverage is added to the General Liability Coverage Part. This coverage extension is subject to all terms and conditions of the General Liability Coverage Part to which this coverage extension is attached, except as otherwise stated below. Section 1.A. Coverage Clause is amended by addition of the following: A.Section 1.A. COVERAGE CLAUSE is amended by addition of the following: TRAUMATIC EVENT RESPONSE COVERAGE CLAUSE 1. In return for the payment of the premium, the General Liability Coverage Part is extended to include payment of Crisis Expenses you pay because of a Traumatic Event in which this coverage applies. a. The amount of such reimbursement is limited as described in Section B. LIMITS OF COVERAGE of this endorsement. Unless specifically addressed in this endorsement, no other obligation to pay any additional sums or perform acts or services is covered. b. This coverage applies to a Traumatic Event only if the Traumatic Event takes place in the Coverage Territory during the Coverage Agreement Period. 2. We will reimburse the Crisis Expenses only if: a.You notify us in writing within 30 days of your having knowledge of the Traumatic Event; b.The Crisis Expenses are incurred and reported to us in writing within one year of the date of the Traumatic Event; c.You provide us with proof of payment and adequate documentation to verify the incurred expenses as Crisis Expenses; and 3. Related Traumatic Events As respects a series of related Traumatic Events by one or more perpetrators, the Traumatic Event shall be deemed to have taken place at the time of the first of such Traumatic Events or alleged Traumatic Events. This coverage does not apply to Traumatic Events that take place prior to or after the Coverage Agreement Period. However, as respects a series of related Traumatic Events by one or more perpetrators taking place over more than one Coverage Agreement Period, the Traumatic Event shall be deemed to have taken place in the first Coverage Agreement Period in which the first of such Traumatic Events or alleged Traumatic Events took place and only that Coverage Agreement’s Limit Of Coverage shall apply. B. LIMITS OF COVERAGE 1.Our Limit for Crisis Expenses under this endorsement, resulting from any one Traumatic Event covered under this coverage extension will not exceed the Limit amount specified in the Declarations for Crisis Expenses Each Traumatic Event, subject to paragraph 2. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement General Liability Coverage Part Page 123 below. This will be true regardless of: a.The number of persons and organizations who are Covered Members under this Coverage Agreement; b.The number of actual or alleged perpetrators; or c.The number of Victims. 2.Our Crisis Expenses Limit Aggregate stated in the Declarations, is the most we will pay for all Crisis Expenses because of Traumatic Events covered under this coverage extension. 3.Subject to paragraph 2. as part of the Crisis Expenses the most we will pay for all Crisis Property Improvements is the Crisis Property Improvement Aggregate Limit shown in the Declarations. 4.Our Crisis Expenses Limit Aggregate, specified in the Declarations, applies separately to each consecutive annual period, and to any remaining period of less than 12 months, starting with the beginning of the Coverage Period shown in the Declarations. If the Coverage Period is extended after issuance for an additional period of less than 12 months, then the additional period will be deemed part of the last preceding period for purposes of determining the Aggregate for this coverage extension. 5.The Limits stated in the Declarations for this coverage extension are part of, and not in addition to the applicable Limits of Coverage for the General Liability Coverage Part stated in the Liability Coverages Declarations of this Coverage Agreement. 6.You must make every reasonable effort to reduce the amount of Crisis Expenses. 7.You may incur Crisis Expenses without our consent, but the amount we reimburse will be subject to the terms of this Coverage Agreement and we will not reimburse you until you have complied with all the terms and conditions of this Coverage Agreement. C. EXCLUSIONS The exclusions in the General Liability Coverage Part and the exclusions in the LIABILITY COVERAGES – COMMON CONDITIONS, DEFINITIONS, AND EXCLUSIONS form apply to this coverage extension, including any payment or reimbursement for Crisis Expenses incurred. In addition, Section I.E. EXCLUSIONS of the General Liability Coverage Part is amended by addition of the following: We will not pay for your Crisis Expenses, or any other loss, cost, or expense, arising directly or indirectly out of: 1. Employment-related Expense Your employees' salaries, wages or any other employment-related expenses. 2.Employee Benefit Plan or Employee Assistance Plan Any loss which is covered by your Employee Benefit Plan or Employee Assistance Plan. 3.Improvement of Real or Personal Property Consultant’s services for physical improvements or alterations to your Premises, or the costs of such improvements or alterations or replacement of real or personal property except to the extent that they are covered as Crisis Property Improvements. 4. Two or More Coverages Issued by Us any loss, cost or expense that is covered elsewhere in this Coverage Agreement. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement General Liability Coverage Part Page 124 D. CONDITIONS The following additional Conditions apply to the coverage provided under this endorsement: 1.Duties in the Event of a Traumatic Event a.You must notify the police if a law may have been broken. b.You must see to it that we are notified within 30 days upon your receiving notice of a Traumatic Event which appears likely to result in a payment by us under this coverage extension. Written notice should be as complete as possible, and must at least include how, when and where the Traumatic Event took place and a description of the Bodily Injury or damage arising out of any Traumatic Event. You must not in any way jeopardize our rights after a Traumatic Event. c.You must: (1)Cooperate with us in the investigation and settlement of any Claim; (2)Assist us, upon our request, in the enforcement of any right against any person or organization which may be liable to you for payment of Crisis Expenses to which this coverage extension may also apply; and (3)Provide a complete and detailed loss summary of the Crisis Expenses incurred and any additional information that we may request. You must do this within 60 days after our request. 2.Our Right to Recover Payment Any persons or organizations for whom we make a payment under this coverage must transfer their right to recovery against any other party. They must do everything necessary to secure, and nothing to impair these rights. However, we will waive our right of recovery against any person or organization with respect to which the Covered Party has waived its right of recovery prior to the Traumatic Event in a Covered Contract. E. DEFINITIONS The Definitions section of the LIABILITY COVERAGES – COMMON CONDITIONS, DEFINITIONS AND EXCLUSIONS form and the Section 1.G. DEFINITIONS of the General Liability Coverage Part apply subject to the following changes: 1.With respect to this coverage extension, the following definitions replace and supersede similar definitions in the LIABILITY COVERAGES – COMMON CONDITIONS, DEFINITIONS AND EXCLUSIONS form: a.Bodily Injury means physical injury to the body, sickness, shock, fright, mental injury or anguish, emotional distress or disability sustained by a Victim(s), including death resulting from any of these at any time. 2.The following definitions are added with respect to this coverage extension: a.Crisis Expenses include: (1)Expenses you reasonably incur for crisis management services after and in response to a Traumatic Event. (2)Reasonable travel expenses for natural or adoptive parents, legal guardians, spouse, or children of a Victim(s) to the location where the Traumatic Event occurred. Travel expenses are limited to coach air transportation and/or ground transportation and standard class hotel accommodations. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement General Liability Coverage Part Page 125 (3)Reasonable expenses for temporary extra security protection, wages for temporary personnel or rental fees for temporary facilities after and in response to a Traumatic Event. (4)Crisis Property Improvements. (5)Reasonable expenses for first aid administered; or emergency medical services rendered by any duly certified emergency medical technician, paramedic or nurse at the time of a Traumatic Event. (6)Expenses for a Crisis Management Service Provider. b.Crisis Expenses Each Traumatic Event Retained Limit means the amount as shown in the Schedule and applies to each and every Traumatic Event. This Crisis Expenses Each Traumatic Event Retained Limit shall be reduced or exhausted only by covered Crisis Expenses. c.Crisis Management Service Provided is an individual(s) or organization(s) with whom you have a written contract to provide post-crisis services. d.Crisis Property Improvements mean reasonable expenses for equipment or property improvements made to your Premises following a Traumatic Event that relates directly to the security of your Premises and that may assist in prevention or mitigation of future Traumatic Events. Crisis Property Improvements do not include equipment or property improvements covered by other insurance or that were required by a statutory or regulatory requirement that was in effect before the Traumatic Event and with which you failed to comply even though you were required to do so. e.Premises means: (1)Any building, facility or other real property including adjoining ways, which you own, rent or lease and which is used at the time of the Traumatic Event as a place to conduct your operations or related activities; (2)Automobiles, or other modes of transportation, such as trains or streetcars, used in your operations that you own or lease pursuant to a written contract. This does not include Automobiles, or other modes of transportation that you lease to others; or (3)Temporary locations that are visited or used to conduct your operations or related activities. Premises do not include buildings, facilities, or other real property owned, rented or leased for activities that are under the management and direction of others and for which you are not legally liable; or locations for events or activities not organized or sponsored by you. Premises also do not include any Automobiles other than described in Paragraph e.(2) above. f.Traumatic Event means: (1)A tragic event which takes place on your Premises which causes Bodily Injury to a Victim(s); or (2)Death or severe injury involving any Victim(s) that results in Bodily Injury to other Victims(s). g.Victim(s) means: (1)Employee(s), including full-time, part- time and temporary employees of yours; (2)Any person visiting your Premises for purposes related to your operations including, but not limited to, guest speakers, and volunteers, in whose presence a Traumatic Event takes place; Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement General Liability Coverage Part Page 126 (3)Members of your congregation, if you are a religious institution; or (4)Your students including students attending your school as part of a school sponsored exchange program, parents or legal guardians of your students; teachers, student teachers, substitute teachers or teachers participating in a teacher exchange program or similar type of program sponsored by you, if you are an educational institution or religious institution. Victim(s) does not include any independent contractors or subcontracted personnel working on your Premises. Victim(s) also does not include any person(s) who has or is alleged to have made any attempt at, or knowingly participated in, or encouraged any Traumatic Event. All other terms and conditions remain unchanged. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement General Liability Coverage Part Page 127 ADDITIONAL COVERED PARTY AMENDMENT – DESIGNATED PERSON OR ORGANIZATION THIS ENDORSEMENT CHANGES THE COVERAGE AGREEMENT. PLEASE READ IT CAREFULLY This endorsement modifies Coverage provided under the following: GENERAL LIABILIT Y COVERAGE PART This endorsement changes the Coverage Agreement effective on the inception date of the Coverage Agreement unless another date is indicated above. Providing the certificate of coverage that this endorsement is attached to has been issued by and is on file with the Company, the following applies. SCHEDULE Person or Organization (Additional Covered Party): on file with the company Description of Activities / Operations / Designated Premises: on file with the company With respect to coverage under the General Liability Coverage Part (including Products/Completed Operations): A. The Definition of Covered Party in the LIABILITY COVERAGES – COMMON CONDITIONS, DEFINITIONS AND EXCLUSIONS section of this Coverage Agreement is amended to add as a Covered Party the person or organization shown in the above Declarations with whom you have agreed in a written contract, written agreement, or permit that such person or organization be added as an additional Covered Party in your Coverage Agreement. Such person or organization is a Covered Party only with respect to their liability assumed by you that would be otherwise imposed by law in the absence of any contract, agreement, or permit relating to or arising out of the specified activity(ies) or operations described in the above Declarations. However, this coverage only applies with respect to liability for Bodily Injury, Property Damage, or Personal and Advertising Injury caused, in whole or in part, by your acts or omissions or the acts or omissions of those acting on your behalf: 1. In performance of your ongoing operations; or 2. In connection with your premises owned or rented to you. The following provisions also apply: (1)The written contract, written agreement, or permit must be in effect at the inception of the Coverage Period or become effective during the Coverage Period; and (2)The written contract, written agreement, or permit must be executed prior to the Bodily Injury or Property Damage. Subject to the paragraphs above, any such person's or organization's status as an additional Covered Party ends when any of the following first occurs: (1)This Coverage Agreement terminates; (2)The written contract, written agreement, or permit terminates; or (3)The specified activity(ies) or operations described in the above Declarations terminate. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement General Liability Coverage Part Page 128 B. The following is added to Condition D. Other Insurance in the LIABILITY COVERAGES – COMMON CONDITIONS, DEFINITIONS AND EXCLUSIONS section of the Coverage Agreement, and supersedes any provision to the contrary: For the additional Covered Party under your Coverage Agreement shown in the above schedule, and subject to Paragraph A. above, this coverage is primary to and will not seek contribution from any other insurance available to such additional Covered Party provided that: a. The additional Covered Party is a Named Insured under such other insurance; and b. You have agreed in writing in a contract, agreement, or permit that this Coverage would be primary and would not seek contribution from any other insurance available to the additional Covered Party for amounts payable under the coverage provided by this endorsement. C. The Limits of Coverage applicable to the additional Covered Party is the lesser of those limits specified in either the: •Written contract, written agreement, or permit; or •Declarations for this Coverage Agreement, In no case will the limits of coverage provided under this General Liability endorsement exceed the limits as required in the contract or agreement, or the limit of liability available under this Coverage Agreement. These Limits of Coverage are part of and not in addition to the Limits of Coverage shown in the Declarations. Except with respect to the Limits of Coverage, and any rights or duties specifically assigned in this Coverage Part to the Covered Member, this coverage applies: a. As if each Covered Member were the only Covered Member; and b. Separately to each Covered Party against whom claim is made or Suit is brought. All other terms and conditions remain unchanged Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement General Liability Coverage Part Page 129 GENERAL LIABILITY WAIVER OF TRANSFER OF RIGHTS AND RECOVERY AGAINST OTHERS TO US This endorsement modifies Coverage provided under the following: GENERAL LIABILITY COVERAGE PART This endorsement changes the Coverage Agreement effective on the inception date of the Coverage Agreement unless another date is indicated above. Providing the certificate of coverage that this endorsement is attached to has been issued by and is on file with the Company, the following applies. SCHEDULE Name of Person or Organization: (on file with the company) This endorsement applies only when issued with an approved Certificate of Coverage and as required by Covered Contract. Any person or organization for whom you are performing operations when you and such person or organization have agreed in a Covered Contract or agreement that such person or organization be added as an Additional Covered Party on your coverage including any other person or organization you are required to add as an Additional Covered Party under a Covered Contract or agreement. The Our Right to Recovery Condition in the Liability Conditions, Definitions and Exclusions form is amended by addition of the following: We waive any right of recovery we may have against the person or organization shown in the Schedule above because of payments we make for Bodily injury or Property damage arising out of your ongoing operations or Your Work done under contract with that person or organization. This waiver only applies to the person or organization shown in the Schedule above; however, this waiver does not apply if the Bodily Injury or Property Damage is due to the sole negligence of such scheduled person or organization. All other terms and conditions remain unchanged. Covered Member: Olympic Housing Trust Coverage Number: NPIP2627-53594 2026-2027 NPIP Coverage Agreement Advertising Injury Exclusion Endorsement Page 130 ADVERTISING INJURY EXCLUSION This exclusion modifies coverage provided under the following Coverage Parts of this Coverage Agreement: GENERAL LIABILITY AUTOMOBILE LIABILITY WRONGFUL ACTS LIABILITY MISCELLANEOUS PROFESSIONAL LIABILITY This endorsement is effective the same date of the applicable coverage noted above that this endorsement modifies unless another date is specified above. A.The following exclusion is added to the Exclusions section of the LIABILITY COVERAGES – GENERAL LIABILITY COMMON CONDITIONS, DEFINITIONS AND EXCLUSIONS section of this Coverage Agreement: Advertising Injury The coverage under any Liability Coverage Part in this Coverage Agreement does not apply to, and we shall have no indemnity obligation with respect to, liability based upon, arising out of, directly or indirectly resulting from, in connection with or in any way involving: a)Advertising Injury; or b)any actual or alleged infringement, contributory infringement, misappropriation or theft of any intellectual property rights by a Covered Party including, but not limited to patent, copyright or trademark, service mark, trade dress, trade secret, or trade slogan. Provided, however, this exclusion shall not apply to infringement of copyright, trade dress or slogan in your Advertisement. B. SECTION II. DEFINITIONS, subsection 3. Advertising Injury is deleted in its entirety and the following is inserted: 3.Advertising Injury means one or more of the following offenses: a.Libel, slander or defamation; or b.Misappropriation of advertising ideas or style of doing business; committed or alleged to have been committed in any Advertisement, publicity article, broadcast, telecast, or any other published work. Notwithstanding anything above to the contrary, any act(s) of libel, slander or defamation that is employment related is not Advertising Injury. All other terms and conditions remain the same. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Law Enforcement Liability Endorsement Page 131 LAW ENFORCEMENT LIABILITY This endorsement modifies coverage provided under the following: GENERAL LIABILITY COVERAGE PART This endorsement changes the Coverage Agreement effective on the inception date of the Coverage Agreement unless another date is indicated above. This coverage extension is subject to all terms and conditions of the General Liability Coverage Part to which this Law Enforcement Activities coverage extension is attached, except as otherwise stated below. A.COVERAGE CLAUSE 1.In return for the payment of the premium, the General Liability Coverage Part, if applicable, is extended to include damages the Covered Party becomes legally obligated to pay because of Bodily Injury or Property Damage resulting from your Law Enforcement Activities performed by your employed armed Security Personnel whose primary responsibilities is to provide security for you provided that: a.The Bodily Injury or Property Damage is caused by an Occurrence that takes place in the Coverage Territory; b.The Occurrence occurs prior to the expiration of the Coverage Period; c.Prior to the Coverage Period, no Authorized Party knew that such Bodily Injury or Property Damage resulting from your Law Enforcement Activities had occurred in whole or in part. If any Authorized Party knew that such Bodily Injury or Property Damage had occurred in whole or in part, then any continuation of such Bodily Injury or Property Damage during or after the Coverage Period will be deemed to have been known prior to the Coverage Period; d.The Bodily Injury or Property Damage occurs after the Occurrence and during the Coverage Period. e.The employed armed security personnel have been approved and are on file with the Company. No other obligation to pay any additional sums or perform acts or services is covered. B.LIMITS OF INSURANCE 1.a. Your Deductible under this Law Enforcement Activities coverage extension, resulting from any one Occurrence will not exceed the General Liability Deductible shown in the Declarations for this coverage. b. The Limit of Coverage under this Law Enforcement Activities coverage extension, resulting from any one Occurrence will not exceed the per General Liability Occurrence Limit shown in the Declarations for this coverage. 2.The General Liability Aggregate Limit shown in the Declarations, is the most we will pay under this Law Enforcement Activities coverage extension. Any payments we make under this coverage extension apply to the applicable Aggregate(s) for the General Liability Coverage Part stated in the Declarations of this Coverage Agreement. 3.Any Limits stated in the Declarations for this coverage are part of, and not in addition to the applicable Limits for the General Liability Coverage Part stated in the Declarations of this Coverage Agreement. C.EXCLUSIONS 1.Under EXCLUSIONS in the LIABILITY COVERAGES – COMMON CONDITIONS, DEFINITIONS AND EXCLUSION form, in Exclusion 13. the following replaces the paragraph beginning "With respect to the General Liability Coverage Part...": With respect to the General Liability Coverage Part, this exclusion does NOT apply to: (a)Bodily Injury or Property Damage caused by heat, smoke or fumes from a Hostile Fire. As used herein, Hostile Fire means a fire which becomes uncontrollable or breaks out from where it was intended to be. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Law Enforcement Liability Endorsement Page 132 (b)Bodily Injury if sustained within a building owned or occupied by, or rented or loaned to, any Covered Party and caused by smoke, fumes, vapor or soot from equipment used to heat that building. (c)Bodily Injury or Property Damage arising out of the use of teargas, mace, pepper spray or similar substances in your Law Enforcement Activities. 2.Under the General Liability Coverage Part: a.Exclusion 2. (Intentional Bodily Injury or Property Damage) is amended to read as follows: 2.Bodily Injury or Property Damage either expected or intended from the standpoint of an Covered Party. This exclusion does not apply: a.To Bodily Injury resulting from the use of reasonable force to protect persons or property; or b.With respect to your Law Enforcement Activities, including Bodily Injury or Property Damage within the impoundment, arrest or incarceration process (unless deemed to be a criminal act). D.DEFINITIONS 1.Under the Definitions section of the LIABILITY COVERAGES – COMMON CONDITIONS, DEFINITIONS AND EXCLUSION form, the following is added to the definition of Personal Injury: With respect to the General Liability Coverage Part, the following offenses are added solely with respect to Law Enforcement Activities: d.Violation of civil rights; e.Violation of property rights; f.Erroneous service of process; g.Discrimination; if not arising out of Employment Practices Violations. 2.With respect to the General Liability Coverage Part, the following item is added to the definition of Covered Contract: Any service agreement in your Law Enforcement Activities, provided such agreement is departmentally approved. 3.With respect to the General Liability Coverage Part, the definition of Incidental Medical Malpractice is amended to read: Incidental Medical Malpractice Means: Bodily Injury arising out of emergency medical services rendered or which should have been rendered to any person or persons during the Coverage Period by any duly certified emergency medical technician, paramedic, nurse or contracted law enforcement officer who is employed by or acting on behalf of a Covered Party to provide such services, but is not employed at a hospital, clinic or nursing home facility. All other terms and conditions remain unchanged. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement General Liability Coverage Part Endorsement Page 133 MEDICAL EXPENSE COVERAGE This endorsement modifies coverage provided under the following: GENERAL LIABILITY COVERAGE PART We will pay for Medical Expenses as described below for Bodily Injury caused by an Accident on premises you own or rent or because of your operations provided that: a. The Accident takes place during the Coverage Period; and b. The Medical Expenses are incurred and reported to us within one year of the date of the Accident. These payments will be made regardless of fault. These payments will not exceed the limit shown on the Declarations for General Liability Medical Expenses. Medical Expenses mean reasonable expenses for first aid administered at the time of the Accident; necessary medical, surgical, x-ray and dental services, including prosthetic devices; and necessary ambulance, hospital, professional nursing and funeral services. Medical Expenses for Bodily Injury to the following will not be covered: 1. To any Covered Party except Volunteer Workers. 2. To a person hired to do work for or on behalf of any Covered Party or a tenant of any Covered Party. 3. To a person injured on that part of premises you own or rent that the person normally occupies. 4. To a person, whether or not an Employee of any Covered Party, if benefits for the Bodily Injury are payable or must be provided under workers compensation or disability benefits law or similar laws. 5. To a person injured while practicing, instructing or participating in any organized physical exercises or athletic games, sports or athletic contests. This exclusion only applies if the Covered Party is in the business of providing sports or athletic camps, events, contests and/or competitions. 6. To any person who normally occupies the premises on a typical day. This includes, but is not limited to, students attending school in an established term, tenants on premises in their residential facility, and on- site staff. Also, medical expenses for Bodily Injury excluded under the General Liability Coverage Part or the LIABILITY COVERAGES – COMMON CONDITIONS, DEFINITIONS, AND EXCLUSIONS form will not be covered. Regardless of the number of Covered Parties, premiums paid, Claims made or people involved in the Accident, the most that we will pay for Bodily Injury in any one Accident is the Each Accident GL Medical Expenses Limit shown in the Declarations. However, the most that we will pay for Bodily Injury to any one person is the Each Person GL Medical Expenses Limit on the Declarations. All other terms and conditions remain unchanged. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement General Liability Coverage Part Endorsement Page 134 FAILURE TO SUPPLY This endorsement modifies coverage provided under the following: GENERAL LIABILITY COVERAGE PART This endorsement changes the Coverage Agreement effective on the inception date of the Coverage Agreement unless another date is indicated above. Covered Services: Homeowner Association Water and Sewer Districts This Failure to Supply Liability coverage extension is subject to all terms and conditions of the General Liability Coverage Part to which this coverage extension is attached, except as otherwise stated in this endorsement. A.COVERAGE CLAUSE In return for the payment of premium, the General Liability Coverage Part is extended to pay for damages the Covered Party becomes legally obligated to pay because of Bodily Injury or Property Damage caused by an Occurrence arising out of the complete or partial failure to adequately supply the covered services described above to which the coverage under this coverage extension applies, provided that: 1.Such Occurrence takes place in the Coverage Territory; 2.The Occurrence occurs prior to the expiration of the Coverage Period; 3.The Bodily Injury or Property Damage to which this coverage extension applies occurs after the Occurrence and during the Coverage Period. With respect to coverage provided by this endorsement, the provisions of the General Liability Coverage Part apply unless modified by this endorsement. B.EXCLUSIONS Exclusion 16. Supply Of Utilities, in the LIABILITY COVERAGES – COMMON CONDITIONS, DEFINITIONS, AND EXCLUSIONS section of this Coverage Agreement is deleted and replaced by the following: 16. Supply Of Utilities The complete or partial failure to adequately supply gas, oil, water, electricity, steam or sewerage, except with respect to the General Liability Coverage Part to the extent that coverage is provided under the Failure To Supply Endorsement. C.DEDUCTIBLE Your Deductible is the amount shown in the Liability Coverages Declarations Item 5. D. LIMITS OF COVERAGE Section D. LIMITS OF COVERAGE is amended to add the following: 10. The Limit of Coverage under this Failure To Supply endorsement resulting from an Occurrence will not exceed $250,00 Each Occurrence Limit. 11. The Failure To Supply Limit of Coverage is part of and NOT in addition to the Limit of Coverage for General Liability Coverage Part stated in the Declarations of this Coverage Agreement. All other terms and conditions remain unchanged. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Employee Benefits Liability Endorsement Page 135 EMPLOYEE BENEFITS LIABILITY THIS COVERAGE PART PROVIDES COVERAGE ON A CLAIMS MADE AND REPORTED BASIS. PLEASE READ THE ENTIRE FORM CAREFULLY. THIS ENDORSEMENT MODIFIES COVERAGE PROVIDED UNDER THE FOLLOWING: GENERAL LIABILITY COVERAGE PART This endorsement changes the Coverage Agreement effective on the inception date of the Coverage Agreement unless another date is indicated above. A. COVERAGE CLAUSE In return for the payment of the premium, the General Liability Coverage Part is extended to include defense and payment of those amounts for which you become legally obligated to pay as damages because of an Employee Benefits Incident of yours, or any person for whose acts you are legally liable, to which the coverage under this endorsement applies for a Claim “first made” against you by any current or former Employee. This coverage extension is subject to all terms and conditions of the General Liability Coverage Part to which this coverage extension is attached, except as otherwise stated below. This coverage only applies if: 1.The Employee Benefits Incident first takes place in the Coverage Territory after the Retroactive Date and before the end of the Coverage Period; 2.A Claim is “first made” against you during the Coverage Period or any applicable Extended Reporting Period we may provide under Section F. of this endorsement; and 3.We receive written notice in accordance with the reporting requirements in the Duties In the Event of an Accident, Occurrence, Wrongful Act or Claim condition in the LIABILITY COVERAGES – COMMON CONDITIONS, DEFINITIONS AND EXCLUSIONS section of this Coverage Agreement, no later than: a.Sixty (60) days after the termination date of this endorsement or 60 days after the expiration date of the Coverage Period, whichever comes first; or b.The end of any applicable Extended Reporting Period we may provide under Section G. of this endorsement. A Claim will be deemed to have been “first made” at the earlier of the following times: When you give written notice to us of an Employee Benefits Incident of which you have become aware that may reasonably and subsequently give rise to a Claim being made against any Covered Party; or When notice of such Claim is received and recorded by you or by us, whichever comes first. All Claims based on or arising out of an Employee Benefits Incident covered under this coverage extension will be considered first made when the first of such Claims is made. No other obligation to pay any additional sums or perform acts or services is covered. B.RETROACTIVE DATE The Retroactive Date of this coverage extension is the date shown in Item 3. on the Liability Coverages Declarations Page. C.LIMITS OF COVERAGE Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Employee Benefits Liability Endorsement Page 136 1.The Limit of Coverage set forth in the Liability Coverages Declarations and the rules below set the most we will pay regardless of: a.The number of persons and organizations who are Covered Parties under this Coverage Agreement; b.The number of Claims made or Suits brought against any or all Covered Parties; or c.The number of persons or organizations making Claims. 2.The Employees Benefits Liability Sublimit Each Employee Benefits Incident in Item 2. of the Liability Coverages Declarations is the most we pay will for all damages and Defense Costs arising out of any one Employee Benefits Incident under this coverage extension. 3.The Employees Benefits Liability Sublimit Annual Aggregate Limit in Item 2 of the Liability Coverages Declarations is the most we will pay for all damages and Defense Costs under this coverage extension. 4.The Annual Group Aggregate Limit (All Liability Coverages) in Item 2 of the Liability Coverages Declarations is the most we will pay for all damages and Defense Costs under any and all Coverage Agreements issued by us to Group Members and effective during the Coverage Period. 5.The Aggregate Limits of Coverage apply separately to each consecutive annual period, and to any remaining period of less than twelve (12) months, starting with the beginning of the Coverage Period shown in the Declarations. If the Coverage Period is extended after issuance for an additional period of less than twelve (12) months, then the additional period will be deemed part of the last preceding period for purposes of determining the Limit of Coverage Aggregates for this coverage extension. 6.The Limits of Coverage for this coverage extension are part of, and not in addition to the applicable Limits of Coverage for the General Liability Coverage Part stated in the Liability Coverages Declarations of this Coverage Agreement. 7.Defense Costs are included in the limits specified in Item 2 of the Liability Coverages Declarations and will reduce the Limits of Coverage provided by this coverage extension. D.DEDUCTIBLE Your Deductible is the amount shown in the Liability Coverages Declarations Item 1. E.EXCLUSIONS 1.Exclusion Number 11. in the LIABILITY COVERAGES – COMMON CONDITIONS, DEFINITIONS AND EXCLUSIONS section of the Coverage Agreement, regarding the Administration of Employee Benefits Programs is deleted. 2.In addition to the Exclusions in the LIABILITY COVERAGES – COMMON CONDITIONS, DEFINITIONS AND EXCLUSIONS section of the Coverage Agreement and the Exclusions in the General Liability Coverage Part, the coverage under this coverage extension does not apply to any Claim or Suit arising from: a.Failure of investments including but not limited to stocks, bonds, and Funds to perform as represented by you. b.Advice given by you to an Employee to participate or not to participate in any investment plans, including but not limited to stock, bond, and fund subscription plans. c.Claims which result from an activity, act or omission of a Third Party Administrator, a firm or person, other than an Employee of yours, who Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Employee Benefits Liability Endorsement Page 137 administers your Employee Benefits Program. F.DEFINITIONS The following definition is added: Employee Benefits Incident Means: A negligent act, negligent error or negligent omission in the Administration of your Employee Benefits Program. All Claims involving the same Employee Benefits Incident or a series of continuous or interrelated Employee Benefits Incidents, by one or more Covered Parties, will be considered as arising out of one Employee Benefits Incident. G.EXTENDED REPORTING PERIODS 1.We will provide one or more Extended Reporting Periods as described below, if: a.This endorsement is canceled or not renewed; or b.We renew or replace this endorsement with coverage that: (1)Does not apply to Employee Benefits Incidents on a claims made basis; or (2)Has a retroactive date later than the date shown in Item 3 on the Liability Coverages Declarations Page. 2.Extended Reporting Periods do not extend the Coverage Period or change the scope of coverage provided. They apply only to Claims arising out of Employee Benefits Incidents that take place before the end of the Coverage Period, but not before the Retroactive Date. 3.A Basic Extended Reporting Period is automatically provided without additional premium. It does not apply to Claims that are covered under any subsequent insurance you purchase, or that would be covered but for exhaustion of the amount of insurance applicable to such Claims. This period starts with the end of the Coverage Period and lasts for sixty (60) days. 4.A Supplemental Extended Reporting Period is available by endorsement for an extra premium. This Supplemental Extended Reporting Period starts when the Basic Extended Reporting Period ends. You must give us a written request for the Supplemental Extended Reporting Period endorsement within 60 days after the end of the Coverage Period. The Supplemental Extended Reporting Period will not go into effect unless you pay the additional premium promptly when due. The additional annual premium for the Extended Reporting Period will not exceed 200% of the annual premium for this endorsement. 5.All Extended Reporting Periods do not reinstate or increase the Limit of Coverage. 6.Extended Reporting Period will not be provided if cancellation or non-renewal of the Coverage Agreement is due to non-payment of premium, material misrepresentation or the Covered Party’s failure to cooperate. H.CONDITIONS The following change is made with respect to the Duties in the Event of Accident, Occurrence, Wrongful Act, or Claim Condition in the LIABILITY COVERAGES – COMMON CONDITIONS, DEFINITIONS AND EXCLUSIONS section of the Coverage Agreement: The phrase "Accident, Occurrence, Wrongful Act, or Claim" is replaced by the phrase "Accident, Occurrence, Wrongful Act, Employee Benefits Incident, or Claim" wherever it Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Employee Benefits Liability Endorsement Page 138 appears in these conditions. All other terms and conditions remain unchanged. . Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Claims Made Sexual Abuse Endorsement Page 139 CLAIMS MADE SEXUAL ABUSE ENDORSEMENT THIS COVERAGE PART PROVIDES COVERAGE ON A CLAIMS MADE AND REPORTED BASIS. PLEASE READ THE ENTIRE FORM CAREFULLY. THIS ENDORSEMENT CHANGES THE COVERAGE AGREEMENT. This endorsement modifies coverage provided under the following: GENERAL LIABILITY COVERAGE PART This coverage extension is subject to all terms and conditions of the General Liability Coverage Part to which this coverage extension is attached, except as otherwise stated below. A.COVERAGE CLAUSE In return for the payment of the premium, the General Liability Coverage Part is extended to include coverage for those amounts for which you become legally obligated to pay as damages because of Sexual Abuse to which this Coverage Part applies. This coverage only applies if: 1.The Sexual Abuse first takes place in the Coverage Territory after the Retroactive Date shown in the Declaration above and before the end of the Coverage Period; 2.The Claim is “first made” against you during the Coverage Period or any applicable Extended Reporting Period we may provide under Section F. of this endorsement; and 3.We receive written notice in accordance with the reporting requirements in the Duties In the Event of Accident, Occurrence, Wrongful Act or Claim condition in the LIABILITY COVERAGES - COMMON CONDITIONS, DEFINITIONS AND EXCLUSIONS section of this Coverage Agreement, no later than: a.Sixty (60) days after the termination date of this endorsement or 60 days after the expiration date of the Coverage Period, whichever comes first; or b.The end of any applicable Extended Reporting Period we may provide under Section F. of this endorsement. A Claim will be deemed to have been at the earlier of the following times: 1.When you give written notice to us of Sexual Abuse, of which you have become aware, that may reasonably and subsequently give rise to a Claim being made against any Covered Party; or 2.When notice of such Claim is received and recorded by you or by us, whichever comes first. All Claims based on or arising out of Sexual Abuse by an Employee or Volunteer Worker, or more than one Employee and/or Volunteer Worker acting in concert, will be considered as arising out of one Occurrence, and will be considered when the first of such Claims is made, regardless of: 1.The number of persons Sexually Abused; 2.The number of locations where the Sexual Abuse occurred; 3.The number of acts of Sexual Abuse prior to or after the first Claim is made; or 4.The period of time over which the Sexual Abuse took place, whether the Sexual Abuse is during, before or after the Coverage Period. However, only acts of Sexual Abuse that take place after the Retroactive Date shown in the Schedule of this coverage extension and before cancellation or non-renewal of this coverage extension are covered. . Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Claims Made Sexual Abuse Endorsement Page 140 No other obligation to pay any additional sums or perform acts or services is covered. B.DEFENSE AND SETTLEMENT 1.We have the right and duty to defend, through attorneys of our choice, any Claim against you seeking damages because of Sexual Abuse to which this Coverage Part applies. If we defend, we will pay Defense Costs of a Claim or Suit against you. However, we have no duty to defend against any Claim or Suit seeking damages to which this Coverage Part does not apply. Our defense obligation will end when we have used up the applicable limit of coverage with the payment of judgments, settlements, and/or Defense Costs, whichever comes first. 2.You and any Covered Party must obtain our prior written approval before offering or agreeing to pay an amount or settle any Claim under this Coverage Part. 3.We shall have the right to propose a settlement for any Claim or Suit. If a Covered Party refuses to consent to a settlement, we will limit the total amount we will pay for damages and Defense Costs to no more than the amount we would have paid had you given consent to the proposed settlement. No other obligation to pay any additional sums or perform acts or services is covered. C.EXCLUSIONS In addition to the Exclusions in the LIABILITY COVERAGES - COMMON CONDITIONS, DEFINITIONS AND EXCLUSIONS section of this Coverage Agreement and the Exclusions in the General Liability Coverage Part the following applies: 1.The following is added to Exclusion 10. Sexual Abuse in the LIABILITY COVERAGES - COMMON CONDITIONS, DEFINITIONS AND EXCLUSIONS section of this Coverage Agreement: However, with respect to the General Liability Coverage Part, this exclusion does not apply to the extent coverage is provided for Sexual Abuse under the Sexual Abuse Endorsement attached to such Coverage Part. 2.The Exclusions section in the LIABILITY COVERAGES - COMMON CONDITIONS, DEFINITIONS AND EXCLUSIONS part of this Coverage Agreement is amended to add the following: This coverage under any Liability Coverage Part of this Coverage Agreement does not apply to any liability arising out of a WLAD Claim unless, and only to the extent, such WLAD Claim is covered under this Sexual Abuse Endorsement. 3.Exclusion 1. in the General Liability Coverage Part is amended to read: 1. Expected Or Intended Injury Bodily Injury or Property Damage either expected or intended from the standpoint of the Covered Party. This exclusion does not apply: a.To Bodily Injury resulting from the use of reasonable force to protect persons or property; or b.To the extent that coverage is provided under the Law Enforcement Endorsement, if attached to this Coverage Part; or c.To the extent that coverage is provided for Sexual Abuse under the Sexual Abuse Endorsement. 4. The coverage under this coverage extension does not apply to any Claim arising from Sexual Abuse by any Employee or Volunteer Worker, committed after initial discovery by any of your officials, trustees, directors, officers, or partners of Sexual Abuse by such Employee or Volunteer Worker, whether the Sexual Abuse was before or after such Employee or Volunteer Worker was hired by you. However, discovery does NOT include discovery by the official, trustee, . Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Claims Made Sexual Abuse Endorsement Page 141 director, officer, or partner who committed such Sexual Abuse. 5. The coverage under this coverage extension does not apply to either defense or indemnification of any Employee or Volunteer Worker for Sexual Abuse, with respect to any Claim based on or arising out of such Sexual Abuse. Such Employee or Volunteer Worker is not covered under this coverage extension as respects such Claim. However, at your option, you may defend an Employee or Volunteer Worker for a covered civil action subject to the other terms of this Coverage Agreement until either a judgment or final adjudication establishes such Sexual Abuse. You will be entitled to indemnification by us for such Defense Costs subject to Section B. Defense and Settlement of the General Liability Coverage Part. D.RETROACTIVE DATE The Retroactive Date of this coverage extension is the date shown in the Declaration. E.LIMITS OF COVERAGE Subject to Section IV. Limit of Coverage for the Same or Interrelated or Causally Connected Accidents, Occurrences, Wrongful Acts or Claims of the LIABILITY COVERAGES - COMMON CONDITIONS, DEFINITIONS AND EXCLUSIONS part of this Coverage Agreement: 1.The Sexual Abuse Liability Limits specified in the Liability Coverages Declarations and the rules below set the most we will pay regardless of: a.The number of persons and organizations who are Covered Parties under this Coverage Agreement; b.The number of Claims made or Suits brought against any or all Covered Parties; or c.The number of persons or organizations making Claims. 2.The Each Occurrence – Covered Member limit specified in the Liability Coverages Declarations is the most we will pay for a damages because of Sexual Abuse resulting from Occurrence and, if applicable, any corresponding WLAD Claim arising out of Sexual Abuse under this Coverage Agreement. 3.The Each Occurrence – Group limit specified in the Liability Coverages Declarations is the most we will pay for all damages because of Sexual Abuse and, if applicable, any corresponding WLAD Claim arising out of Sexual Abuse, for all members of NPIP for any and all Claims under all Coverage Agreements issued by NPIP to its members effective during the Coverage Period of this Coverage Agreement. 4.The Group Aggregate Limit specified in the Liability Coverages Declarations is the most we will pay for all damages for all the Covered Members of the Group combined under this coverage extension. Any payments we make under this coverage extension apply to the Group Aggregate for the General Liability Coverage Part stated in the Declarations of this Coverage Agreement. 5.The Covered Member Aggregate Limit specified in the Liability Coverages Declarations is the most we will pay for damages because of Sexual Abuse for each Covered Member under this coverage extension. This limit is part of and not in addition to the Group Aggregate Limit stated in the Liability Coverages Declarations or the Declarations. 6.Subject to the above, the WLAD Cost Claim Group Aggregate Limit stated in the Declarations is the most we will pay for all WLAD Costs awarded at trial or in binding arbitration arising from all WLAD Claims covered under this Sexual Abuse Endorsement for all the Covered Members of the Group combined. Such amount shall be part of, and not in addition to the Limit of Coverage, Covered Member Aggregate Limit and the Group Aggregate Limit as set forth in the Declarations. Nothing in the provision increases the per occurrence limit. . Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Claims Made Sexual Abuse Endorsement Page 142 7.Any Limits stated in the Declarations for this coverage extension are part of, and not in addition to the applicable Limits of Coverage for the General Liability Coverage Part stated in the Declarations of this Coverage Agreement. 8.Any Limits stated in the Declarations for this coverage extension are part of, and not in addition to the applicable Limits of Coverage for the General Liability Coverage Part stated in the Declarations. F.DEFINITIONS 1.Solely for the purpose of this endorsement: a.The definition of Claim in the Definitions section of the LIABILITY COVERAGES - COMMON CONDITIONS, DEFINITIONS AND EXCLUSIONS section of this Coverage Agreement is amended to add the following: Claim shall also mean WLAD Claim. b.the following Definitions are added: WLAD Claim shall mean any Claim arising out of Sexual Abuse and alleging a WLAD Violation. WLAD Violation shall mean any violation of the Washington Law Against Discrimination, RCW 49.60. WLAD Costs shall mean any plaintiff attorney fees for which the Covered Party is found legally liable to pay and are solely attributable to a WLAD Claim. G.EXTENDED REPORTING PERIODS 1.We will provide one or more Extended Reporting Periods as described below, if: a.This endorsement is canceled or not renewed; or b.We renew or replace this endorsement with coverage that: (1)Does not apply to Sexual Abuse on a claims made basis; or (2)Has a Retroactive Date later than the date shown in the Declarations for this endorsement. 2.Extended Reporting Periods do NOT extend the Coverage Period or change the scope of coverage provided. They apply only to Claims arising out of Sexual Abuse that take place before the end of the Coverage Period, but not before the Retroactive Date shown in the Schedule. 3.A Basic Extended Reporting Period is automatically provided without additional premium. It does NOT apply to Claims that are covered under any subsequent Coverage Agreement or Other Insurance you purchase, or that would be covered but for exhaustion of the amount of coverage applicable to such Claims. This period starts with the end of the Coverage Period and lasts for sixty (60) days. 4.A Supplemental Extended Reporting Period is available by endorsement for an extra premium. This Supplemental Extended Reporting Period starts when the Basic Extended Reporting Period ends. You must give us a written request for the Supplemental Extended Reporting Period endorsement within 60 days after the end of the Coverage Part. The Supplemental Extended Reporting Period will not go into effect unless you pay the additional premium promptly when due. The additional annual premium for the Extended Reporting Period will NOT exceed 200% of the annual premium for this endorsement. 5.All Extended Reporting Periods do NOT reinstate or increase the Limit of Coverage. All other terms and conditions remain unchanged. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Auto Liability Coverage Part Page 143 AUTOMOBILE LIABILITY COVERAGE PART SECTION I. COVERAGES - BODILY INJURY AND PROPERTY DAMAGE A.COVERAGE CLAUSE In return for the payment of the premium, we agree with you to pay those amounts for which the Covered Party becomes legally obligated to pay as damages because of Bodily Injury or Property Damage to which this Coverage Part applies, first arising out of an Accident during the Coverage Period and resulting from the ownership, maintenance, or use of a Covered Automobile in the Coverage Territory. All Bodily Injury and Property Damage (and related Defense Costs) arising from continuous or repeated exposure to substantially the same general conditions will be considered as arising out of one Accident and will be considered to have occurred at the time the continuous or repeated exposure began. However, this does not include any such exposure that takes place after the expiration of: 1.This Coverage Agreement; or 2.Any renewal of this Coverage Agreement or any subsequent renewals, all issued by us or one of our affiliates on a continuous basis with no intervening insurance or self-insurance by any other carrier or entity; whichever is later. The amount we will pay is limited in accordance with subsection D. Limits of Coverage below. The amount you must pay is described in subsection C. Deductible below. When we will pay is limited in accordance with subsection B. Defense and Settlement below. We have no other obligation to pay any additional sums or perform acts or services. B.DEFENSE AND SETTLEMENT 1.We have the right and duty to defend, through attorneys of our choice, any Claim against a Covered Party seeking damages for Bodily Injury, Personal Injury, Advertising Injury, or Property Damage to which this Coverage Part applies. If we defend, we will pay Defense Costs of a Claim or Suit against a Covered Party who is covered under this Coverage Part. However, we have no duty to defend against any Claim or Suit seeking damages to which this Coverage Part does not apply. Our defense obligation will end when we have used up the applicable limit of coverage with the payment of judgments, settlements, and/or Defense Costs, whichever comes first. 2.You and any Covered Party must obtain our prior written approval before offering or agreeing to pay an amount or to settle any Claim under this Coverage Part. 3.We shall have the right to propose a settlement for any Claim or Suit. If a Covered Party refuses to consent to a settlement, we will limit the total amount we will pay for damages and Defense Costs to no more than the amount we would have paid had the Covered Party given consent to the proposed settlement. No other obligation to pay any additional sums or perform acts or services is covered. C.DEDUCTIBLE Your Deductible will not exceed the applicable amount shown in the Automobile Liability Declarations. D.LIMITS OF COVERAGE Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Auto Liability Coverage Part Page 144 1.The Limits of Coverage specified in the Liability Coverages Declarations and the rules below set the most we will pay regardless of: a.The number of persons and organizations who are Covered Parties under this Coverage Agreement; b.The number of Claims made or Suits brought against any or all Covered Parties; or c.The number of persons or organizations making Claims; d.The number of vehicles involved; or e.Premiums paid. 2.Our Limit of Coverage resulting from any one Accident for each Covered Member will not exceed the Automobile Liability Limit Each Accident in Item 2 of the Automobile Liability Declarations. 3.Defense Costs are included in the limits specified in Item 2 of the Automobile Liability Declarations and will reduce the Limits of Coverage provided by this Coverage Part. 4. Any payment for loss for liability coverage under this agreement will be reduced by any amount paid or required to be paid by any workers compensation law or similar medical or disability law. No reduction will be taken for amounts paid by Medicare. Any amount payable for loss for liability coverage under this agreement to a protected person will reduce any amount payable under this Coverage Agreement’s Uninsured Motorists Coverage. E.EXCLUSIONS The following exclusions apply to this Coverage Part in addition to the exclusions found in the LIABILITY COVERAGES – COMMON CONDITIONS, DEFINITIONS AND EXCLUSIONS section of this Coverage Part. The coverage under this Coverage Part does not apply to, and we shall have no defense or indemnity obligation with respect to, liability based upon, arising out of, directly or indirectly resulting from, in connection with or in any way involving: 1. Racing Covered Automobiles while used in any professional or organized racing or demolition contest or stunting activity, or while practicing for such contest or activity. This coverage also does not apply while that Covered Automobile is being prepared for such contest or activity. 2. Expected Or Intended Injury Bodily Injury or Property Damage either expected or intended from the standpoint of a Covered Party. But this exclusion does not apply to the extent coverage is provided under the Law Enforcement Endorsement, if attached to this Coverage Part. 3.Contractual A Covered Party's obligation to pay by reason of the assumption of liability in a contract or agreement. This exclusion does not apply to liability for damages: a.That the Covered Party would have in the absence of the contract or agreement; or b.Assumed in a contract or agreement that is a Covered Contract provided the Bodily Injury or Property Damage occurs subsequent to the execution of the contract or agreement; and such contract or agreement was in effect at the inception of the Coverage Agreement Period Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Auto Liability Coverage Part Page 145 or becomes effective during the Coverage Agreement Period. 4.Employee Indemnification and Employer's Liability Bodily Injury to: a.An Employee of a Covered Party arising out of and in the course of: (1)Employment by a Covered Party; or (2)Performing duties related to the conduct of a Covered Party's business; or b.The spouse, child, parent, brother or sister of the employee as a consequence of a. above. This exclusion applies: (1)Whether a Covered Party may be liable as an employer or in any other capacity; or (2)To any obligation to share damages with or repay someone else who must pay damages because of the injury. This exclusion does not apply to liability assumed by the Covered Party under a Covered Contract. 5.Care, Custody or Control Any Property Damage to or involving property owned or transported by a Covered Party or in a Covered Party's care, custody or control. But this exclusion does not apply to liability assumed under a sidetrack agreement or to the extent coverage is provided under the Law Enforcement Endorsement, if attached to this Coverage Part. 6.Handling Of Property Bodily Injury or Property Damage resulting from the handling of property: a.Before it is moved from the place where it is accepted by a Covered Party for the movement into or onto the Covered Automobile; or b.After it is moved from the Covered Automobile to the place where it is finally delivered by a Covered Party. 7.First Party and Other Auto Coverages First party physical damage coverage; uninsured and/or underinsured motorist law; no fault law; personal injury protection law or Automobile medical payments coverage. 8.Movement of Property by Mechanical Device Bodily Injury or Property Damage resulting from the movement of property by a mechanical device (other than a hand truck) unless the device is attached to the Covered Automobile. 9.Operations Bodily Injury or Property Damage arising out of the operation of: a.Any equipment listed in subparagraphs 23.f.(2) and (3) of the definition of Mobile Equipment in Section II. Definitions of the LIABILITY COVERAGES – COMMON CONDITIONS, DEFINITIONS AND EXCLUSIONS form; or b.Machinery or equipment that is on, attached to or part of a land vehicle that would qualify under the definition of Mobile Equipment if it were not subject to a compulsory or financial responsibility law or other motor vehicle insurance law where it is licensed or principally garaged. F.DEFINITIONS The following definitions apply to this coverage part in addition to the exclusions found in the LIABILITY COVERAGES – COMMON CONDITIONS, DEFINITIONS AND EXCLUSIONS section of this Coverage Part. 1.Accident means an accidental event, including continuous or repeated exposure to substantially the same general harmful conditions, which results in Bodily Injury or Property Damage. 2.Covered Automobile means an Automobile: Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Auto Liability Coverage Part Page 146 a.You own, or you acquire during the Coverage Agreement Period; b.You lease, hire, rent or borrow. This does not include an Automobile you lease, hire, rent or borrow from any of: (1)Your Employees; (2)Your partners; or (3)Members of commissions, boards or other units operated by you and under your jurisdiction, provided such units are within the total operating budget included in the application; or members of their households; or c.You do not own, lease, hire, rent or borrow that is used expressly on your behalf directly in connection with your business. This includes an Automobile owned by any of: (1)Your Employees; (2)Your partners; or (3)Members of commissions, boards or other units operated by you and under your jurisdiction, provided such units are within the total operating budget included in the application; or members of their household, but only while used in connection with your business. 3.Covered Contract means: a.A lease of premises; b.A sidetrack agreement; c.Any easement or license agreement, except in connection with construction or demolition operations on or within 50 feet of a railroad; d.An obligation, as required by ordinance, to indemnify a municipality, except in connection with work for a municipality; e.That part of any other written contract or agreement pertaining to your business (including an indemnification of a municipality in connection with work performed for a municipality) under which you assume the tort liability of another to pay for Bodily Injury or Property Damage to a third party or organization. Tort liability means a liability that would be imposed by law in the absence of any contract or agreement; or f.That part of any contract or agreement entered into, as part of your business, pertaining to the rental or lease, by you or any of your Employees, of any Automobile. However, such contract or agreement shall not be considered a Covered Contract to the extent that it obligates you or any of your Employees to pay for Property Damage to any Automobile rented or leased by you or any of your Employees. A Covered Contract does not include that part of any contract or agreement: (1)That indemnifies any person or organization for Bodily Injury or Property Damage arising out of construction or demolition operations, within 50 feet of any railroad property and affecting any railroad bridge or trestle, tracks, roadbeds, tunnel, underpass, or crossing; or (2)That pertains to the loan, lease, or rental of an Automobile to you or any of your Employees, if the Automobile is loaned, leased or rented with a driver; or 4.Property Damage means damage to or loss of use of tangible property. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Auto Liability Coverage Part Page 147 ADDITIONAL COVERED PARTY – DESIGNATED PERSON OR ORGANIZATION (AUTOMOBILE) THIS ENDORSEMENT CHANGES THE COVERAGE AGREEMENT. PLEASE READ IT CAREFULLY This endorsement modifies Coverage provided under the following: AUTOMOBILE LIABILITY COVERAGE PART This endorsement changes the Coverage Agreement effective on the inception date of the Coverage Agreement unless another date is indicated above. Providing the certificate of coverage that this endorsement is attached to has been issued by and is on file with the Company, the following applies. SCHEDULE Person or Organization (Additional Covered Party): on file with the company Description of Automobile: on file with the company With respect to coverage for Bodily Injury or Property Damage under the Automobile Liability Coverage Part: A.The Definition of Covered Party in the LIABILITY COVERAGES – COMMON CONDITIONS, DEFINITIONS AND EXCLUSIONS section of this Coverage Agreement is amended to add as a Covered Party the person or organization shown in the above Schedule with whom you have agreed in a written contract or written agreement that such person or organization be added as an additional Covered Party in your Coverage Agreement. Such person or organization is a Covered Party only with respect to their liability assumed by you that would be otherwise imposed by law in the absence of any contract or agreement relating to or arising out of the specified activity(ies) or operations described in the above schedule. However, this coverage only applies with respect to liability for Bodily Injury or Property Damage caused, in whole or in part, by you or those acting on your behalf, as covered by this endorsement under the terms of this Coverage Agreement , first arising out of an Accident during the Coverage Period and resulting from the ownership, maintenance or use of a Covered Automobile in the Coverage Territory. The following provisions also apply: (1)The written contract or written agreement must be in effect at the inception of the Coverage Period or become effective during the Coverage Period; and (2)The written contract or written agreement must be executed prior to the Bodily Injury or Property Damage. Subject to the paragraphs above, any such person's or organization's status as an additional Covered Party ends when any of the following first occurs: (1)This Coverage Agreement terminates; (2)The written contract or written agreement terminates; or (3)The specified activity(ies) or operations described in the above Declarations terminate. B.The following is added to Condition D. Other Insurance in the LIABILITY COVERAGES – COMMON Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Auto Liability Coverage Part Page 148 CONDITIONS, DEFINITIONS AND EXCLUSIONS section of the Coverage Agreement, and supersedes any provision to the contrary: For the additional Covered Party under your Coverage Agreement shown in the above schedule, and subject to Paragraph A. above, this coverage is primary to and will not seek contribution from any other insurance available to such additional Covered Party provided that: (1)The additional Covered Party is a Named Insured under such other insurance; and (2)You have agreed in writing in a contract or agreement that this Coverage would be primary and would not seek contribution from any other insurance available to the additional Covered Party for amounts payable under the coverage provided by this endorsement. C.The Limits of Coverage applicable to the additional Covered Party is the lessor of those limits specified in either the: •Written contract or written agreement; or •Declarations for this Coverage Agreement, In no case will the limits of coverage provided under this Automobile Liability endorsement exceed the limits as required in the contract or agreement, or the limit of liability available under this Coverage Agreement. These Limits of Coverage are part of and not in addition to the Limits of Coverage shown in the Declarations. Except with respect to the Limits of Coverage, and any rights or duties specifically assigned in this Coverage Part to the Covered Member, this coverage applies: a. As if each Covered Member were the only Covered Member; and b. Separately to each Covered Party against whom claim is made or Suit is brought. All other terms and conditions remain unchanged Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Auto Liability Coverage Part Page 149 ADDITIONAL COVERED PARTY – LESSOR OF AUTOMOBILES THIS ENDORSEMENT CHANGES THE COVERAGE AGREEMENT. PLEASE READ IT CAREFULLY This endorsement modifies Coverage provided under the following: AUTOMOBILE LIABILITY COVERAGE PART This endorsement changes the Coverage Agreement effective on the inception date of the Coverage Agreement unless another date is indicated above. SCHEDULE Lessor’s Name (Additional Covered Party): on file with the company Description of Leased Automobile(s): on file with the company Providing the certificate of coverage that this endorsement is attached to has been issued by and is on file with the Company, the following applies. A.With respect to the Automobile Liability Coverage Part only, the definition of Covered Party in the Liability Coverages - Common Conditions, Definitions and Exclusions section of the Coverage Agreement is amended to include as a Covered Party the Lessor shown in the above Schedule with whom you have agreed in a written contract or written agreement that such person or organization be added as an additional Covered Party in your Coverage Agreement. Such person or organization is a Covered Party only with respect to their tort liability assumed by you relating to and arising out of the Leased Automobile(s) shown in the above Schedule. Tort liability means a liability that would be imposed by law in the absence of any contract or agreement. The coverage provided for Covered Automobiles under this Automobile Liability Coverage Part applies to the leased Automobile(s) described in the above Schedule until the termination date of this Coverage Agreement, the date the Lessor or his or her agent takes back possession of such Leased Automobile(s) or when the contract or agreement for such Leased Automobile terminates, whichever occurs first. B.The contract or agreement referenced in Paragraph A. must be: 1. In effect at the inception of the Coverage Period or becomes effective during the term of the Coverage Period; and 2. Executed prior to the Bodily Injury or Property Damage covered under this Coverage Part. C.With respect to the coverage afforded this additional Covered Party, the following additional exclusions apply: This coverage does not apply to: 1.Bodily Injury or Property Damage arising out of the sole negligence of the Lessor show in the above Schedule. 2.Property Damage to the Leased Automobile described in the above Schedule. All other terms and conditions remain unchanged. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Auto Liability Coverage Part Page 150 AUTOMOBILE WAIVER OF TRANSFER OF RIGHTS AND RECOVERY AGAINST OTHERS TO US This endorsement modifies the Coverage provided under the following: AUTOMOBILE LIABILITY COVERAGE PART This endorsement changes the Coverage Agreement effective on the inception date of the Coverage Agreement unless another date is indicated above. Providing the certificate of coverage that this endorsement is attached to has been issued by and is on file with the Company, the following applies. SCHEDULE Name of Person or Organization: (on file with the company) This endorsement applies only when issued with an approved Certificate of Coverage and as required by Covered Contract. Any person or organization for whom you are performing operations when you and such person or organization have agreed in a Covered Contract or agreement that such person or organization be added as an Additional Covered Party on your coverage including any other person or organization you are required to add as an Additional Covered Party under a Covered Contract or agreement. The Our Right to Recovery Condition in the Liability Conditions, Definitions and Exclusions form is amended by addition of the following: We waive any right of recovery we may have against the person or organization shown in the Schedule above because of payments we make for Bodily Injury or Property Damage arising out of the specified activity(ies) or operations at or arising out of the designated premises described in the above Schedule, but only to the extent such subrogation is waived prior to the Occurrence, Accident or loss, under a written contract or written agreement with such person or organization. This waiver only applies to the Additional Covered Party for your specified activity(ies) or operations at or arising out of the designated premises described in the above Schedule. However, this waiver does not apply if the Bodily Injury or Property Damage is due to the sole negligence of such scheduled organization, and such Bodily Injury or Property Damage, is NOT caused, in whole or part, by liability associated with your specified activity(ies) or operations. All other terms and conditions remain unchanged. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Automobile Medical Expense Endorsement Page 151 AUTOMOBILE MEDICAL EXPENSES This endorsement modifies coverage provided under the following: AUTOMOBILE LIABILITY COVERAGE PART This endorsement changes the Coverage Agreement effective on the inception date of the Coverage Agreement unless another date is indicated above. Automobile Medical Expenses Coverage Clause We will pay Medical Expenses to or on behalf of a Covered Party for losses or expenses incurred because of Bodily Injury sustained by that Covered Party and caused by an auto accident while occupying or using a motor vehicle. Medical Expenses mean reasonable expenses incurred for necessary medical and funeral services to or for a Covered Party who sustains Bodily Injury caused by an Accident. The expenses incurred, for services rendered must be within three years from the date of the Accident. With respect to Medical Expenses, the following are Covered Parties: 1.A Covered Member while occupying or, while a pedestrian, when struck by any Automobile. 2.If you are an individual, any family member while occupying or, while a pedestrian, of a Covered Member when struck by any Automobile. 3.Anyone else occupying a Covered Automobile or a temporary substitute for a Covered Automobile that is out of service because of its breakdown, repair, servicing, loss or destruction. Medical Expenses will not be covered for any of the following: 1.Bodily Injury sustained by a Covered Party while occupying a vehicle located for use as a premises. 2.Bodily Injury sustained by a Covered Party while occupying or struck by any vehicle (other than a Covered Automobile) owned or furnished or available for a Covered Party’s regular use. 3.Bodily Injury to your Employee arising out of and in the course of employment by you. However, we will cover Bodily Injury to your domestic Employees if not entitled to worker’s compensation benefits. 1.Bodily Injury to a Covered Party while working in a business of selling, servicing, repairing or parking Automobiles unless that business is yours. 2.Bodily Injury arising directly or indirectly out of: a.War, including undeclared or civil war; b.Warlike action by a military force including action in hindering or defending against an actual or expected attack, by any government, sovereign or other authority using military personnel or other agents; c.Insurrection, rebellion, revolution, usurped power, or action taken by governmental authority in hindering or defending against any of these; or d.Confiscation or nationalization or requisition or destruction of or damage to property by or under the order of any government or public or local authority. 3.Bodily Injury to anyone using a vehicle without a reasonable belief that the person is entitled to do so. 4.Bodily Injury sustained by a Covered Party while occupying any Covered Automobile while used in any professional racing or demolition contest or stunting activity, or while practicing for such contest or activity. 5.Bodily Injury to any Covered Party who normally occupies the Covered Automobile on a typical day. Regardless of the number of Covered Automobiles, Covered Parties, premiums paid, Claims made or vehicles involved in the Accident, the most we will pay for Bodily Injury in any one Accident is the Each Accident Limit shown in the Declarations. However, the most that we will pay for Bodily Injury to any one Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Automobile Medical Expense Endorsement Page 152 person is the Each Person Limit shown in the Declarations. No one will be entitled to receive duplicate payments for the same elements of loss under this coverage and any Liability Coverage Form, UM or UIM Coverage Endorsement attached to this Coverage Agreement. As used in this endorsement: Occupying means in, upon, getting in, on, out or off. All other terms and conditions remain unchanged. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Automobile Liability Coverage Part Endorsement Page 153 BODILY INJURY TO EMPLOYEE (AUTO) For a Covered Automobile licensed or principally garaged in, or for garage operations conducted in, Washing- ton, this endorsement modifies coverage provided under the following: AUTOMOBILE LIABILITY COVERAGE PART This endorsement changes the Coverage Agreement effective on the inception date of the Coverage Agreement unless another date is indicated above. With respect to coverage provided by this endorsement, the provisions of the Coverage Part apply unless modified by the endorsement. A.Changes In Liability Coverage The Employer's Liability Exclusion 4. applies only to Bodily Injury to any employee of the Covered Party whose employment is not subject to the Industrial Insurance Act of Washington (Washington Revised Code Title 51). With respect to Bodily Injury to employees of the Covered Party whose employment is subject to the Industrial Insurance Act of Washington, the Employer's Liability Exclusion 4. is replaced with the following: This coverage does not apply to Bodily Injury to: a.An employee of the Covered Party arising out of and in the course of: (1)Employment by the Covered Party; or (2)Performing duties related to the conduct of the Covered Party’s business; or b.Any obligation to share damages with or repay someone else who must pay damages because of the injury. This exclusion does not apply to Bodily Injury to domestic employees not entitled to workers' compensation benefits or to liability assumed by the Covered Party under a Covered Contract. A domestic employee is a person engaged in household or domestic work performed principally in connection with a residence premises. B.Changes In Conditions 1.The Our Right To Recover Payment Condition in the LIABILITY COVERAGES – COMMON CONDITIONS, DEFINITIONS AND EXCLUSIONS form is replaced by the following: a.If any person or organization to or for whom we make payment under this Coverage Form has rights to recover damages from another, those rights are transferred to us for that payment. That person or organization must do everything necessary to secure our rights and must do nothing after Accident or loss to impair them. b.We are entitled to a recovery only after the person or organization has been fully compensated for damages by another party. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Hired Automobile Physical Damage Coverage Page 154 HIRED AUTOMOBILE PHYSICAL DAMAGE COVERAGE This endorsement modifies coverage provided under the following: AUTOMOBILE LIABILITY COVERAGE PART This endorsement changes the Coverage Agreement effective on the inception date of the Coverage Agreement unless another date is indicated above. The following coverage is added to the Automobile Liability Coverage Part for Hired Automobile Physical Damage: A. COVERAGE CLAUSE In return for payment of the premium, we shall indemnify you for Loss in excess of the Rental Vehicles deductible shown in the Property Coverage Declarations, that results from damages the Covered Party becomes legally obligated to pay for Loss to a Covered Automobile from any cause except as excluded below, first arising out of an Occurrence which first takes place during the Coverage Period and in the Coverage Territory. B. EXCLUSIONS We will not pay for Loss caused by or resulting from any of the following. Such Loss is excluded regardless of any other cause or event that contributes concurrently or in any sequence to the Loss. 1. a. The explosion of any weapon employing atomic fission or fusion; or b. Nuclear reaction or radiation, or radioactive contamination, however caused. 2. a. War, including undeclared or civil war; b. Warlike action by a military force including action in hindering or defending against an actual or expected attack, by any government, sovereign or other authority using military personnel or other agents; c. Insurrection, rebellion, revolution, usurped power, or action taken by governmental authority in hindering or defending against any of these; or d. Confiscation or nationalization or requisition or destruction of or damage to property by or under the order of any government or public or local authority. 3. We will not pay for Loss caused by or resulting from any of the following unless caused by other Loss that is covered by this Coverage Part: a. Wear and tear, freezing, mechanical or electrical breakdown. b. Blowouts, punctures or other road damage to tires. 4. We will not pay for Loss to any Covered Automobile while used in any professional or organized racing or demolition contest or stunting activity, or while practicing for such contest or activity. We will also not pay for Loss to any Covered Automobile while that Covered Automobile is being prepared for such a contest or activity. 5. We will not pay for Loss to a Covered Automobile due to Diminution in Value. No other exclusions apply to this Hired Automobile Physical Damage coverage. C. LIMITS OF COVERAGE The most we will pay for loss, damage, or expense arising from any Occurrence is the amount shown as the Hired Automobile Physical Damage sublimit in the Automobile Liability Declarations. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Hired Automobile Physical Damage Coverage Page 155 D.DEDUCTIBLES Your Deductible will not exceed the amount shown as the Rental Vehicles deductible shown in the Property Coverage Declarations. E. CONDITIONS The following conditions apply to the Hired Automobile Physical Damage coverage part in addition to the LIABILITY COVERAGES– COMMON CONDITIONS, DEFINITIONS, AND EXCLUSIONS form. The conditions in the LIABILITY COVERAGES – COMMON CONDITIONS, DEFINITIONS, AND EXCLUSIONS form of this Coverage Agreement do not apply to the Hired Automobile Physical Damage coverage part. 1. Appraisal If you and we disagree on the amount of Loss, either may demand an appraisal of the Loss. In this event, each party will select a competent appraiser. The two appraisers will select a competent and impartial umpire. The appraisers will state separately the actual cash value and amount of Loss. If they fail to agree, they will submit their differences to the umpire. A decision agreed to by any two will be binding. Each party will: a. Pay its chosen appraiser; and b. Bear the other expenses of the appraisal and umpire equally. If we submit to an appraisal, we will still retain our right to deny the Claim. 2. Duties In The Event Of Loss We have no duty to provide coverage under this Hired Automobile Physical Damage coverage part unless there has been full compliance with the following duties: a. In the event of Loss, you must give us or our authorized representative prompt notice of the Loss. Include: (1) How, when and where the Loss occurred; (2) To the extent possible, the names and addresses of any injured persons and witnesses. b. Additionally, you must: (1) Assume no obligation, make no payment or incur no expense excess of your Hired Automobile Physical Damage coverage deductible without our consent, except at your own cost. (2) Cooperate with us in the investigation or settlement of the Claim or defense against the Suit. (3) Promptly notify the police if the Covered Automobile is stolen. (4) Take all reasonable steps to protect the Covered Automobile from further damage. Also keep a record of your expenses for consideration in the settlement of the Claim. (5) Permit us to inspect the Covered Automobile and records proving the Loss before its repair or disposition. (6) Agree to examination under oath at our request and give us a signed statement of your answers. 3. Service of Suits No Covered Party may maintain any lawsuit or complaint against Us alleging any improper or Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Hired Automobile Physical Damage Coverage Page 156 incorrect coverage denial unless the Covered Party has first exhausted the appeal procedures set forth in the LIABILITY COVERAGES – COMMON CONDITIONS, DEFINITIONS, AND EXCLUSIONS, Section 1, Appeal of Coverage and Legal Action Against Us. It is agreed that in the event we fail to pay any amount claimed to be due under the Coverage Agreement, at the request of the Covered Party, we will submit to the jurisdiction of any court of competent jurisdiction within the State of Washington and will comply with all requirements necessary to give such court jurisdiction and all matters arising hereunder shall be determined in accordance with the law and practice of such court. No Suit, action or proceeding for the recovery of any claim under this Coverage Agreement shall be sustainable in any court of law or equity unless the same be commenced within 2 years after the date of the occurrence causing loss or damage. Provided however, that if by the laws of the State of Washington such limitation is invalid, then any such claim shall be void unless such action, Suit or proceeding be commenced within the shortest limit of time permitted by the laws of such State. 4. Valuation a. The most we will pay for Loss in any one Occurrence is the lesser of: (1) The actual cash value of the damaged or stolen property as of the time of the Loss; or (2) The cost of repairing or replacing the damaged or stolen property with other property of like kind and quality. b. An adjustment for depreciation and physical condition will be made in determining actual cash value in the event of a total Loss. c. If a repair or replacement results in better than like kind or quality, we will not pay for the amount of the betterment. 5. Loss Payment At our option we may: a. Pay for, repair or replace damaged or stolen property; b. Return the stolen property, at our expense. We will pay for any damage that results to the Covered Automobile from the theft; or c. Take all or any part of the damaged or stolen property at an agreed or appraised value. If we pay for the Loss, our payment will include the applicable sales tax for the damaged or stolen property. 6. Transfer Of Rights Of Recovery Against Others To Us If any person or organization to or for whom we make payment under this endorsement has rights to recover damages from another, those rights are transferred to us. That person or organization must do everything necessary to secure our rights and must do nothing after Loss to impair them. 7. Bankruptcy Bankruptcy or insolvency of the Covered Member or the Covered Member's estate will not relieve us of any obligations under this endorsement. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Hired Automobile Physical Damage Coverage Page 157 8. Concealment, Misrepresentation Or Fraud This Coverage Part is void in any case of fraud by you at any time as it relates to this Coverage Part. It is also void if you or any other Covered Party, at any time, intentionally conceal or misrepresent a material fact concerning: a. This Coverage Part; b. The Covered Automobile; c. Your interest in the Covered Automobile; or d. A Claim under this Coverage Part. 9. No Benefit To Bailee We will not recognize any assignment or grant any coverage for the benefit of any person or organization holding, storing or transporting property for a fee regardless of any other provision of this endorsement. 10. Other Insurance a. This Coverage Part provides primary insurance. b. When this Coverage Part and any other Coverage Part, Coverage Form or policy covers on the same basis, we will pay only our share excess of the deductible. Our share is the proportion that the Limit of Coverage of our Coverage Part bears to the total of the limits of all the endorsements, Coverage Forms and policies covering on the same basis. F. DEFINITIONS 1. With respect to this Hired Automobile Physical Damage coverage part, the following definitions replace those definitions contained in the Automobile Liability Coverage Part: Covered Automobile Means Those Automobiles that are leased, hired, rented or borrowed by the Covered Party, including the following: a. Equipment designed for the reproduction of sound and accessories used with such equipment or any electronic equipment that receives or transmits audio, visual or data signals, provided such equipment is permanently installed in the Covered Automobile at the time of the Loss or such equipment is removable from a housing unit which is permanently installed in the Covered Automobile at the time of the Loss, and such equipment is designed to be solely operated by use of the power from the Automobile's electrical system, in or upon the Covered Automobile; or b. Any other electronic equipment that is: (1) Necessary for the normal operation of the Covered Automobile or the monitoring of the Covered Automobile's operating system; or (2) An integral part of the same unit housing any equipment described in a. above and permanently installed in the opening of the dash or console of the Covered Automobile normally used by the manufacturer for installation of a radio. We will not pay for Loss to any of the following: Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Hired Automobile Physical Damage Coverage Page 158 a. Tapes, records, discs or other similar audio, visual or data electronic devices designed for use with audio, visual or data electronic equipment. b. Any device designed or used to detect speed measuring equipment such as radar or laser detectors and any jamming apparatus intended to elude or disrupt speed measurement equipment. Occurrence Means An accidental happening or event. All such exposure to substantially the same general conditions will be considered as arising out of one Occurrence. 2. With respect to this Hired Automobile Physical Damage coverage part, the following definitions are added: Diminution in Value Means The actual or perceived loss in market value or resale value which results from a direct and accidental Loss. Loss Means Direct and accidental physical loss or damage. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Wrongful Acts Liability Coverage Part Page 159 WRONGFUL ACT LIABILITY COVERAGE PART THIS COVERAGE PART PROVIDES COVERAGE ON A CLAIMS MADE AND REPORTED BASIS. PLEASE READ THE ENTIRE FORM CAREFULLY. SECTION I. COVERAGE - WRONGFUL ACT A.COVERAGE AGREEMENT 1.In return for the payment of the premium, we agree with you to pay those amounts for which the Covered Party becomes legally obligated to pay as damages because of a Wrongful Act to which the Coverage Part applies, provided that: a.The Wrongful Act first takes place on or after the Retroactive Date shown in Item 6. of the Wrongful Act Liability Declarations and before the end of the Coverage Period; b.The Wrongful Act takes place in the Coverage Territory; c.The Wrongful Act has not been reported under insurance or the funding of loss that is provided by another insurance company, a risk retention group, another risk pool, a self-insurance method other than any funded by the Covered Party and/or any similar risk transfer or risk management method prior to the inception of this Coverage Agreement; d.A Claim for the Wrongful Act is first made against a Covered Party, in accordance with Paragraph 2. below, during the Coverage Period or any applicable Extended Reporting Period provided under subsection D. of this Coverage Part; and e.Notice in writing of the: a)Wrongful Act is received by us in accordance with Paragraph 2, below; b)Claim is received by us pursuant to part 1.b.(2) and 2. of Condition G., Duties In The Event Of Accident, Occurrence, Wrongful Act Or Claim in the LIABILITY COVERAGES – COMMON CONDITIONS, DEFINITIONS AND EXCLUSIONS of this Coverage Agreement 2.as soon as practicable, but no later than: c) As respects a Claim, the end of any applicable Extended Reporting Period provided under subsection D. of this Coverage Part; d) As respects a Claim, 365 days after the Claim is received by you, however, this provision does not apply if an Extended Reporting Period applies; or e) As respects a Wrongful Act, within 60 days following the end of the Coverage Period. In addition to the requirements set forth above in subparagraph A.1.d., notice of a Wrongful Act or Claim must also meet all requirements of Condition G., Duties In The Event Of Accident, Occurrence, Wrongful Act or Claim in the LIABILITY COVERAGES – COMMON CONDITIONS, DEFINITIONS AND EXCLUSIONS of this Coverage Agreement. 2.Claims First Made A Claim will be deemed to have been first made at the earlier of the following times: a.When we receive written notice from you, in accordance with Paragraph 4. below, and all other applicable provisions and requirements, of the Wrongful Act that results in the subsequent Claim; b.When notice of a Claim is received and recorded by you or by us, whichever comes first; or c.When we, or with our approval, you made settlement in accordance with Section B. Defense and Indemnification below. All Claims based on or arising out of the same Wrongful Act or related Wrongful Acts, as described in Paragraph 3. below, will be considered first made when the first of such Claims is considered first made in accordance with subparagraphs a., b. and c. above. 3.Related Wrongful Acts Subject to Section IV. Limit of Coverage for the Same or Interrelated or Causally Connected Accidents, Occurrences, Wrongful Acts or Claims of the LIABILITY COVERAGES - COMMON CONDITIONS, DEFINITIONS AND EXCLUSIONS part of this Coverage Agreement all Wrongful Acts that are Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Wrongful Acts Liability Coverage Part Page 160 interrelated or causally connected by common facts, circumstances, transactions, events, or decisions will be considered one Wrongful Act and will be considered to have been committed at the time the first of those Wrongful Acts were committed. However, this does not include any Wrongful Acts that are committed after the expiration of: a.This Coverage Agreement; or b.Any renewal of this Coverage Agreement or any subsequent renewals, all issued by us on a continuous basis with no intervening insurance or self-insurance by any other carrier or entity; whichever is later, regardless of whether or not they are causally connected to a prior Wrongful Act. 4.Conditions For Claim To Be First Made When Act Is Reported If, in addition to all other applicable provisions and requirements, you meet all of the following requirements in reporting a Wrongful Act to us, all subsequent Claims arising from that Wrongful Act, including related Wrongful Acts as described in Paragraph 3., will be considered to have been made at the time we first received written notice of that Wrongful Act: a.The Wrongful Act did not take place before the Retroactive Date shown in Item 6. of the Liability Coverage Part Declarations or after the end of the Coverage Period; b.We receive written notice of the Wrongful Act from you, pursuant to the requirements in subparagraph A.1.d. above. In addition, such notice must include a written statement that you believe the Wrongful Act will result in a subsequent Claim, and you want this Coverage Agreement to apply to subsequent Claims resulting from the Wrongful Act; c.You and any Authorized Party, did not know, or would not have reasonably been expected to know, prior to the inception of this Coverage Agreement that the Wrongful Act may reasonably result in a Claim that could be covered under this Coverage Agreement; d.No Claims arising out of the Wrongful Act were made before we received the written notice from you; e.The Wrongful Act has not been reported under insurance or the funding of loss that is provided by another insurance company, a risk retention group, another risk pool, a self-insurance method other than any funded by the Covered Party and/or any similar risk transfer or risk management method prior to the inception of this Coverage Agreement; and f.There is no other insurance or coverage that applies to the Claim or would apply except for the exhaustion of its limits. B.DEFENSE AND INDEMNIFICATION 1.We have the right and duty to defend, through attorneys of our choice, any Claim against a Covered Party seeking damages because of a Wrongful Act to which this Coverage Part applies. If we defend, we will pay Defense Costs of a Claim or Suit against a Covered Party who is covered under this Coverage Part. However, we have no duty to defend against any Claim or Suit seeking damages to which this Coverage Part does not apply. Our defense obligation will end when we have used up the applicable limit of coverage with the payment of judgments, settlements, and/or Defense Costs, whichever comes first. 2.You and any Covered Party must obtain our prior written approval before offering or agreeing to pay an amount or settle any Claim under this Coverage Part. 3.We shall have the right to propose a settlement for any Claim or Suit. If a Covered Party refuses to consent to a settlement, we will limit the total amount we will pay for damages and Defense Costs to no more than the amount we would have paid had you given consent to the proposed settlement. No other obligation to pay any additional sums or perform acts or services is covered. C.DEDUCTIBLE Your Deductible is the amount shown in the Wrongful Act Liability Declarations. D. LIMITS OF COVERAGE 1.The Limits of Coverage specified in the Liability Coverages Declarations and the rules Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Wrongful Acts Liability Coverage Part Page 161 below set the most we will pay regardless of: a.The number of persons and organizations who are Covered Parties under this Coverage Agreement; b.The number of Claims made or Suits brought against any or all Covered Parties; or c.The number of persons or organizations making Claims. All related Wrongful Acts will be considered one Wrongful Act in accordance with Paragraph A.3. above. 2. The Wrongful Act Liability Limit each Wrongful Act in Item 2. of the Liability Coverages Declarations is the most we will pay for all damages and Defense Costs resulting from any one Wrongful Act. 3. The Wrongful Act Liability Limit Annual Aggregate in Item 2. of the Liability Coverages Declarations is the most we will pay for all damages and Defense Costs. 4. The Annual Group Aggregate Limit (All Liability Coverages) in Item 2. of the Liability Coverages Declarations is the most we will pay for all damages and Defense Costs under any and all Coverage Agreements issued by us to Group Members and effective during the Coverage Period. 5. Our Limits of Coverage, in the aggregate in Item 2. of the Liability Coverages Declarations, apply separately to each consecutive annual period, and to any remaining period of less than twelve (12) months, starting with the beginning of the Coverage Period shown in the Declarations. If the Coverage Period is extended after issuance for an additional period of less than twelve (12) months, then the additional period will be deemed part of the last preceding period for purposes of determining the Limit of Coverage Aggregate for this Coverage Part. 6.Defense Costs are included in the limits specified in Item 2. of the Liability Coverage Declarations and will reduce the Limits of Coverage provided by this Coverage Part. E. EXCLUSIONS The following exclusions apply to this Coverage Part in addition to exclusions in the LIABILITY COVERAGES - COMMON CONDITIONS, DEFINITIONS, AND EXCLUSIONS form of this Coverage Agreement. The coverage under this Coverage Part does not apply to, and we shall have no indemnity obligation with respect to any liability from, any Claim based upon, arising out of, directly or indirectly resulting from, in connection with or in any way involving: 1.Known Acts and Pending Or Prior Litigation Or Hearings a.Any Wrongful Acts that take place prior to the inception date of this Coverage Part if you, your elected, appointed or employed officials, your commission or board members, or the department, person or entity authorized for reporting Wrongful Acts or Claims knew or reasonably should have foreseen that such Wrongful Act may reasonably result in a Claim; or b.Any pending or prior litigation or administrative or regulatory proceedings or hearings, including all future Claims arising out of them. Provided, however, this exclusion shall not apply to: (1)any Wrongful Act first known by a Covered Party; or (2)any pending or prior litigation or hearings first initiated; after the effective date of the first claims made coverage agreement issued and continuously renewed by Princeton Excess & Surplus Lines Insurance Company to the Covered Member as a member of NPIP or the first claims made Coverage Agreement issued to the member by us. 2.Inadequate Insurance A Covered Party’s failure to effect, maintain or administer any insurance coverage, bond, self-insurance fund or any other plan or agreement of risk transfer or assumption. 3.Tax Assessments Any of the following: a.The imposition of any tax assessments, adjustments, fines or penalties; b.The collection, refund, disbursement or application of any taxes; or c.The failure to anticipate tax revenue shortfalls. 4.Wage And Hour Laws A Covered Party’s obligation to pay back pay awards, fringe benefits, educational expenses, overtime or Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Wrongful Acts Liability Coverage Part Page 162 similar damages, even if designated as liquidated or any other form of damages, under any federal, state or local statute, rule, ordinance or regulation. However, this exclusion does not apply to defense costs resulting from a Wage and Hour Law Incident Under the Wage and Hour Law Coverage extension below. 5.Breach Of Contract Breach of any: a.Express or implied contract or agreement; b.Guarantee; or a.Warranty. However, solely with respect to Employment Practices Violations, this exclusion does not apply to implied contracts. 6.Contractual Liability A Covered Party’s obligation to pay by reason of the assumption of liability in a contract or agreement. This exclusion does not apply to liability that the Covered Party would have in the absence of the contract or agreement. 7.Bodily Injury, Personal Injury, Advertising Injury or Property Damage Any Bodily Injury, Personal Injury, Advertising Injury or Property Damage, except to the extent that coverage is provided under this Coverage Part for Employment Practices Violations. 8.Profit, Advantage or Remuneration A Covered Member gaining profit, advantage or remuneration to which a Covered Party is not entitled. But this exclusion applies only to the Covered Party who gained the illegal profit, advantage or remuneration. 9.Money And Securities The destruction or disappearance of money or securities, or the loss of use thereof. 10.Automobile The ownership, maintenance, operation, use, control, licensure, permit, entrustment to others or Loading or Unloading of Automobiles, or the transport of any person. This exclusion applies even if the Claims against any Covered Party allege negligence or other wrongdoing in the supervision, hiring, employment, training or monitoring of others by that Covered Party. 11.Outside Services Actions taken by a Covered Party as a participant, member, partner, director or shareholder of any board, commission, partnership, association or corporation not operated by you or under your jurisdiction. F. COVERAGE EXTENSIONS 1. Wage and Hour Defense Cost Coverage a) Coverage Clause In return for payment of the premium, this Coverage Part is extended to include indemnification Or Defense Costs in excess of the deductible (if any) shown in the Declarations for which you become legally obligated to pay because of a Wage and Hour Law Incident. b) Deductible and Limits of Coverage i. Any deductible applicable to this coverage extension is part of and NOT in addition to the deductible applicable to this coverage ii. Our Limit of coverage under this extension, resulting from a Wage and Hour Law Incident, will not exceed the amount shown in the declarations for the limit of Each Wage and Hour Law Incident. Our Limit of Coverage under this coverage extension for Each Wage and Hour Law Incident is part of and NOT in addition to the Each Wrongful Act Limit for the Wrongful Acts Liability Coverage Part stated in the Declarations of this Coverage Agreement. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Wrongful Acts Liability Coverage Part Page 163 Our Aggregate Limit of coverage for Wage and Hour Law Incident shown in the declarations, is the most we will pay under this coverage extension. Any payments we make under this coverage extension apply to the Aggregate for the Wrongful Acts Liability Coverage Part contained within Limits of Coverage stated in the Declarations of this Coverage Agreement. For purposes of this coverage extension, Definition 13 Employment Practices Violations in the LIABILITY COVERAGES – COMMON CONDITIONS, DEFINITIONS AND EXCLUSIONS section of this Coverage Agreement also includes: 13.Employment Practices Violations a.Wage and Hour Law Incident(s). For the purpose of this coverage extension, Wage and Hour Law Incident shall mean any Claim solely alleging violations of any federal, state or local law governing or related to the payment of wages including the payment of overtime, on-call time, rest periods, minimum wages or the classification of Employees for the purpose of determining Employees' eligibility for compensation under such law(s). 2. EEOC Defense Costs –Non Monetary Relief Only A, Coverage Clause In return for payment of the premium, this Coverage Part is extended to include indemnification for Defense Costs in excess of the deductible (if any) shown in the Declarations related to a Claim. 1. Deductible and Limits of Coverage a. Any deductible applicable to this coverage extension is part of and NOT in addition to the deductible applicable to this coverage part. b. Our Limit of coverage under this under this extension, resulting from a Claim, will not exceed the amount shown in the declarations for the Each EEOC Defense Cost limit. c. Our Limit of coverage under this extension, resulting from all Claims under this coverage extension will not exceed the amount shown in the declarations for the Aggregate EEOC Defense Cost limit. B. Definitions For the purposes of this coverage extension only, the following is added to the definition of Claim in the LIABILITY COVERAGES – COMMON CONDITIONS, DEFINITIONS AND EXCLUSIONS, section of this Coverage Agreement: 7. Claim means a. A written or oral notice, including a Suit, demanding payment of money to compensate for damages; or b. A formal administrative or regulatory proceeding commenced by the filing of a notice of charges, formal investigative order, service of summons or similar document, including a proceeding before the Equal Employment Opportunity Commission or any similar governmental agency; provided that in the context of an audit conducted by the Office of Federal Contract Compliance Programs, claim will be limited to a Notice of Violation or Order to Show Cause or written demand for monetary damages or non- monetary relief. G. EXTENDED REPORTING PERIODS 1.We will provide one or more Extended Reporting Periods, as described below, if: a) This Coverage Part is canceled or not renewed; or b) We renew or replace this Coverage Part with coverage that: Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Wrongful Acts Liability Coverage Part Page 164 1. Does not apply to Wrongful Acts on a claims made basis; or 2. Has a Retroactive Date later than the date shown in the Liability Coverage Part Declarations. 2. No Extended Reporting Period shall extend the Coverage Period, change the scope of coverage provided or reinstate or increase the applicable limits of coverage. All Extended Reporting Periods apply only to Claims arising out of Wrongful Acts that take place before the end of the Coverage Period, but not before the Retroactive Date shown in the Liability Coverage Part Declarations. 3. A Basic Extended Reporting Period is automatically provided without additional premium, subject to Paragraphs D.1. and D.2. above. It does not apply to Claims to which any subsequent insurance or coverage you purchase applies, or would apply, but for exhaustion of the amount of coverage applicable to such Claims. This period starts with the end of the Coverage Period and lasts for sixty (60) days. 4. A Supplemental Extended Reporting Period may be available by endorsement for an extra premium. This Supplemental Extended Reporting Period starts when the Basic Extended Reporting Period, set forth in Paragraph D.3. above, ends. The requirements of Paragraph D.2. above are applicable to any Supplemental Extended Reporting Period that is purchased. You must give us a written request for the Supplemental Extended Reporting Period endorsement within 60 days after the end of the Coverage Period. The Supplemental Extended Reporting Period will not go into effect unless and until you pay the additional premium. Once in effect, Supplemental Extended Reporting Periods may not be cancelled. The additional premium for the Supplemental Extended Reporting Period will not exceed 200% of the annual premium for this coverage part. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Wrongful Act Coverage Part Endorsement Page 165 FIDUCIARY LIABILITY This endorsement modifies coverage provided under the following: WRONGFUL ACT LIABILITY COVERAGE PART This endorsement changes the Coverage Agreement effective on the inception date of the Coverage Agreement unless another date is indicated above. This coverage extension is subject to all terms and conditions of the Wrongful Act Liability Coverage Part to which this coverage extension is attached, except as otherwise stated below. A.COVERAGE CLAUSE In return for the payment of the premium, the Wrongful Act Liability Coverage Part is extended to include indemnification for those amounts for which the Covered Party becomes legally obligated to pay as damages because of a Fiduciary Wrongful Act to which this Coverage Agreement applies. This coverage only applies if: 1.The Fiduciary Wrongful Act first takes place in the Coverage Territory after the Retroactive Date shown in the Schedule above and before the end of the Coverage Period; 2.A Claim is "first made" against you during the Coverage Period or any applicable Extended Reporting Period we may provide under Section I. Extended Reporting Period of this endorsement; and 3.We receive written notice in accordance with the reporting requirements in the Notice To Us condition in Section H. of this endorsement, no later than: a.The termination date of this endorsement, the Wrongful Act Liability Coverage Part or the end of the Coverage Period, whichever comes first; or b.The end of any applicable Extended Reporting Period we may provide under Section G. Extended Reporting Period of this endorsement. A Claim will be deemed to have been "first made" at the earlier of the following times: 1.When you give written notice to us of a Fiduciary Wrongful Act, of which you have become aware, that may reasonably and subsequently give rise to a Claim being made against any Covered Party; or 2.When notice of such Claim is received and recorded by you or by us, whichever comes first. All Claims based on or arising out of a Fiduciary Wrongful Act will be considered "first made" when the first of such Claims is made. B. DEFENSE AND INDEMNIFICATION 1.We have the right and duty to defend, through attorneys of our choice, any Claim against a Covered Party seeking damages because of a Fiduciary Wrongful Act to which this Coverage Part applies. If we defend, we will pay Defense Costs of a Claim or Suit against a Covered Party who is covered under this Coverage Part. However, we have no duty to defend against any Claim or Suit seeking damages to which this Coverage Part does not apply. Our defense obligation will end when we have used up the applicable limit of coverage with the payment of judgments, settlements, and/or Defense Costs, whichever comes first. 2.You and any Covered Party must obtain our prior written approval before offering or agreeing to pay an amount or settle any Claim under this Coverage Part. 3.We shall have the right to propose a settlement for any Claim or Suit. If a Covered Party refuses Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Wrongful Act Coverage Part Endorsement Page 166 to consent to a settlement, we will limit the total amount we will pay for damages and Defense Costs to no more than the amount we would have paid had you given consent to the proposed settlement. C. EXTENSIONS Subject to Section A – Coverage Clause, the following coverage extensions are provided with respect to Covered Parties other than Employee Benefit Programs or Named Organizations: 1.Spousal Liability If a Claim against any Covered Party includes a Claim against the Covered Party’s spouse (whether such status is derived by reason of statutory or common law, or any other law of any country) solely by reason of: a.Such spousal status; or b.Such spouse's ownership interest in property or assets that are sought as recovery for the Fiduciary Wrongful Act committed or allegedly committed by the Covered Party; all Loss which such spouse becomes legally obligated to pay by reason of such Claim will be treated for the purposes of this endorsement as Loss which the Covered Party becomes legally obligated to pay as a result of the Claim made against such Covered Party. Such Loss to the spouse will be covered under this endorsement only if and to the extent such Loss would be covered if incurred by the Covered Party. However, this extension will not afford coverage for a Claim arising out of any Fiduciary Wrongful Act committed or allegedly committed by the spouse. 1.Estates, Heirs And Legal Representatives This endorsement will afford coverage for Claims arising out of the Fiduciary Wrongful Acts of any Covered Party made against: 1.The estate, heirs or legal representatives of that deceased Covered Party; and 2.The legal representative of that Covered Party in the event of incompetency, insolvency or bankruptcy. This extension will afford coverage only if and to the extent that, in the absence of such death, incompetency, insolvency or bankruptcy of the Covered Party, such Claims would have been covered by this endorsement according to this endorsement's terms, conditions and exclusions. D.RETROACTIVE DATE The Retroactive Date of this coverage extension is the date shown on the Declarations for Fiduciary Wrongful Acts. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Wrongful Act Coverage Part Endorsement Page 167 E.LIMITS OF COVERAGE 1. Your Deductible under this coverage extension, resulting from any one Fiduciary Wrongful Act will not exceed the amount specified in the Declarations for Each Fiduciary Wrongful Act. The Limit of Coverage for Loss under this coverage extension, resulting from any one Fiduciary Wrongful Act will not exceed the amount specified in the Declarations for Each Fiduciary Wrongful Act. 2. The Limit of Coverage Fiduciary Aggregate Limit stated in the Declarations, is the most we will pay for all Loss under this coverage extension. Any payments we make under this coverage extension apply to the Aggregate for the Wrongful Act Liability Coverage Part stated in the Declarations of this Coverage Agreement. 3.Any Limits stated in the Declarations for this coverage extension are part of, and not in addition to the applicable Limits of Coverage for the Wrongful Act Liability Coverage Part stated in the Declarations of this Coverage Agreement. 4.Defense Costs are included in the Fiduciary Liability limits specified in the Liability Coverage Declarations and will reduce the Limits of Coverage provided by this Coverage Part. F.EXCLUSIONS With respect to Coverage provided under this endorsement: a. The following is added to Exclusion 6. Investing or Fiduciary Activities in the LIABILITY COVERAGES -COMMON CONDITIONS, DEFINITIONS, AND EXCLUSIONS form of this Coverage Agreement: However, with respect to the Wrongful Acts Liability Coverage Part, this exclusion does not apply to the extent coverage is provided under this coverage extension. b. The following Exclusions in the LIABILITY COVERAGES -COMMON CONDITIONS, DEFINITIONS, AND EXCLUSIONS form apply to this endorsement: Exclusion 6. Investing or Fiduciary Activities as amended in Paragraph 1. above; Exclusion 13. Pollution; Exclusion 24. War and Confiscation and; and Exclusion 25. Nuclear; and c. The Exclusions in the Wrongful Act Liability Coverage Part are replaced by the following exclusions and apply only to this endorsement: We will not pay for any "loss" resulting from any Claim: i.Based upon, attributable to, or arising in fact out of any dishonest, fraudulent, deliberately criminal or malicious act, or any willful violation of any statute or regulation; ii.Based upon, attributable to, or arising in fact out of the gaining of any profit, remuneration or advantage to which a Covered Party was not legally entitled. With respect to exclusions a. and b. above, no fact pertaining to or knowledge possessed by any Covered Party shall be imputed to any other Covered Party. iii.For bodily injury, mental or emotional distress, sickness, disease or death of any person, injury from defamation, libel, slander, wrongful entry, eviction, false arrest, false imprisonment, malicious prosecution, assault or battery, or damage to or destruction of any property, including the loss of its use; i.Based upon, attributable to, or arising out of the same facts or Fiduciary Wrongful Acts alleged or contained in any Claim which has been reported, or in any circumstances of which notice has been given, under any insurance policy issued by PESLIC to NPIP which provides similar Fiduciary Liability Coverage and/or any Coverage Agreement issued by NPIP to you for which this coverage is a renewal or replacement Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Wrongful Act Coverage Part Endorsement Page 168 ii.Based upon, attributable to, or arising out of any demand, Suit or other proceeding against any Covered Party which was pending on or existed prior to the applicable Pending or Prior Litigation Date shown in the Declarations, or arising out of the same or substantially the same facts, circumstances or allegations which are the subject of, or the basis for, such demand, Suit or other proceeding; iii.Based upon, attributable to, or arising out of the Covered Party’s failure to comply with the mandatory provisions of: 1.The Federal Employer's Liability Act (45 USC Section 51-60); 2.The Non-appropriated Fund Instrumentalities Act (5 USC Sections 8171-8173); 3.The Longshore and Harbor Workers' Compensation Act (33 USC Sections 910-950); 4.The Outer Continental Shelf Lands Act (43 USC Section 1331-1356); 5.The Defense Base Act (42 USC Sections 1651-1654); 6.The Federal Coal Mine Health and Safety Act of 1969 (30 USC Sections 901-942); 7.The Migrant and Seasonal Agricultural Worker Protection Act (29 USC Sections 1801-1872); 8.Any other workers compensation, unemployment compensation or disability laws or any similar law; or 9.Any subsequent amendments to the laws listed above. This exclusion does not apply to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended. iv.For which the Covered Party has assumed liability in a contract or agreement. This exclusion does not apply to liability for damages that the Covered Party would have in the absence of the contract or agreement; v.Based upon, attributable to, arising out of, or resulting from the insolvency, bankruptcy or suspension of payment of any bank, financial institution, securities dealer or investment firm that holds the assets of the Employee Benefit Program; vi.Based upon, attributable to, or arising out of any actual or alleged failure or omission to effect or maintain insurance or fidelity bonds for the Employee Benefit Program as required under ERISA; vii.Based upon, attributable to, or arising out of a Fiduciary Wrongful Act that has occurred before the Retroactive Date, if any, shown in the Declarations for this coverage; i.Based upon, attributable to, arising out of, or resulting from the failure to fund an Employee Benefit Program in accordance with ERISA or the Employee Benefit Program instrument or the failure to collect contributions owed to the Employee Benefit Program. However, this exclusion does not apply to Defense Costs; ii.Based on the termination of any Employee Benefit Program or involving any Employee Benefit Program that was sold, spun-off, merged or terminated, except for any Fiduciary Wrongful Act committed or allegedly committed prior to the effective date of such sale, spin- off, merger or termination; iii.Any Claim based upon, attributable to or arising out of a Fiduciary Wrongful Act or Occurrence you or an Executive Officer had knowledge of or information on prior to the inception date of continuous claims-made coverage with us, which reasonably may be expected to result in a Claim. iv.Any Fiduciary Wrongful Act for which coverage is provided under another endorsement or Coverage Part of this Coverage Agreement. v.Based upon, attributable to, or arising out of the Administration of Benefits Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Wrongful Act Coverage Part Endorsement Page 169 G.DEFINITIONS a. Solely with respect to this endorsement, the following definitions are amended as follows. : i.Definition 1. Administration of Benefits in Section II. Definitions in the LIABILITY COVERAGES - COMMON CONDITIONS, DEFINITIONS AND EXCLUSIONS form is amended to add the following at the end thereof: however, Administration of Benefits does not include any activities in an investing or fiduciary capacity or the handling payroll deductions. ii.Definition 7. Claim in Section V. Definitions in the LIABILITY COVERAGES - COMMON CONDITIONS, DEFINITIONS AND EXCLUSIONS form is deleted and replaced with the following: 7.Claim means: a.A written demand for monetary damages against any Covered Party; b.A civil proceeding commenced by the service of a complaint or similar pleading; c.A criminal proceeding commenced by a return of an indictment; or d.A formal administrative or regulatory proceeding commenced by the filing of a notice of charges, formal investigative order or similar document; against any Covered Party for a Fiduciary Wrongful Act, including any appeal therefrom. iii.Definition 15. Employee in Section V. Definitions in the LIABILITY COVERAGES - COMMON CONDITIONS, DEFINITIONS AND EXCLUSIONS form is replaced with the following: Employee means a person actively employed, formerly employed, on leave of absence or disabled, or retired. Employee includes a Leased Worker. Employee does not include a Temporary Worker. iv.Definition 11. Covered Party in Section II. Definitions in the LIABILITY COVERAGES – COMMON CONDITIONS, DEFINITIONS AND EXCLUSIONS form is replaced with the following: Covered Party means: a.Employee Benefit Program; b.The Named Organization; c.Any past, present or future Fiduciary of the Employee Benefit Program; or d.The legal representative of a deceased Covered Party listed in Paragraph c. above, but only with respect to duties as such. That representative will have all the deceased Covered Party's rights and duties under this endorsement. i.Definition 26. Occurrence in Section II. Definitions in the LIABILITY COVERAGES - COMMON CONDITIONS, DEFINITIONS AND EXCLUSIONS form is amended to add the following: Occurrence also means an event, including continuous or repeated exposure to substantially the same general harmful conditions. ii.This coverage does not include: a.Civil or criminal fines, taxes, the multiplied portion of multiplied damages, penalties or matters deemed uninsurable under the law to which this endorsement shall be construed, including those imposed under the Internal Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Wrongful Act Coverage Part Endorsement Page 170 Revenue Code or any similar state or local law, except for: 1.The five percent (5%) or less civil penalty imposed upon a Covered Party under Section 502(i) of ERISA; or 2.The twenty percent (20%) or less penalty imposed upon a Covered Party under Section 502 (l) of ERISA; or b.Benefits to the extent that such benefits are available, with reasonable effort and cooperation of the Covered Party, from the applicable funds accrued or other collectible insurance. iii.Section II. Definitions in the LIABILITY COVERAGES - COMMON CONDITIONS, DEFINITIONS AND EXCLUSIONS form is amended to add the following definitions: ERISA means the Employee Retirement Income Security Act of 1974 including amendments thereto or the common or statutory law of the United States of America or any State or other jurisdiction therein with respect to any Employee Benefit Program. Fiduciary means a fiduciary as defined in ERISA with respect to an Employee Benefit Program or a person or entity who exercises any discretionary authority or discretionary control with respect to the management of an Employee Benefit Program or the disposition of its assets. Fiduciary Wrongful Act means a negligent act, error or omission: a)That results in an actual or alleged breach of the responsibilities, obligations or duties imposed on a Fiduciary by ERISA; or b)In any matter (other than described in Paragraph a. above) claimed against a Fiduciary solely by reason of his, her or its service as Fiduciary of an Employee Benefit Program. Financial Insolvency means the status of a Named Organization resulting from: a.The appointment of any receiver, conservator, liquidator, trustee, rehabilitator or similar official to control, supervise, manage or liquidate the Named Organization; or b.The Named Organization becoming a debtor in possession. Named Organization means the organization that sponsors the Employee Benefits Program and is named in the Declarations as the Covered Member or added on a Schedule or endorsement as a Covered Member. H.ADDITIONAL CONDITIONS In addition to the Coverage Agreement Conditions and the conditions in the LIABILITY COVERAGES – COMMON CONDITIONS, DEFINITIONS, AND EXCLUSIONS form, the following provisions apply to this endorsement. 1.The following condition replaces the Duties In The Event of Accident, Occurrence, Wrongful Act or Claim condition in the LIABILITY COVERAGES - COMMON CONDITIONS, DEFINITIONS AND EXCLUSIONS form: Notice To Us a.As a condition precedent to our obligations under this endorsement, the Covered Parties must give us written notice of any Claim made against any Covered Party as soon as practicable, but in no event: (1)Later than sixty (60) days after the end of the Coverage Period; or Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Wrongful Act Coverage Part Endorsement Page 171 (2)After the end of the Supplemental Extended Reporting Period, if purchased. b.If during the Coverage Period or Basic Extended Reporting Period, any Covered Party becomes aware of a specific Fiduciary Wrongful Act that occurred after the retroactive date and before the expiration date of the Coverage Period that may reasonably be expected to give rise to a Claim against any Covered Party, and during the Coverage Period or Basic Extended Reporting Period, the Covered Parties give written notice to us of: (1)A description of the specific Fiduciary Wrongful Act, including all relevant dates; (2)The names of the persons involved in the specific Fiduciary Wrongful Act, including names of the potential claimants; (3)Particulars as to the reasons for anticipating a Claim which may result from such specific Fiduciary Wrongful Act; (4)The nature of the alleged or potential damages arising from such specific Fiduciary Wrongful Act; and (5)The circumstances by which the Covered Parties first became aware of the specific Fiduciary Wrongful Act; then any Claim subsequently made against any Covered Party arising out of such specific Fiduciary Wrongful Act shall be deemed under this endorsement to be a Claim made during the Coverage Period in which such specific Fiduciary Wrongful Act was first reported to us. 2.The following conditions are added to this endorsement: Acquisitions Or Creation Of Another Organization Or Program a.If before or during the Coverage Period, the Named Organization: (1)Acquires securities or voting rights in another organization or creates another organization, which as a result of such acquisition or creation becomes a subsidiary; or (2)Becomes a Fiduciary of any Employee Benefit Program as a result of any merger or acquisition; then, subject to Paragraph b. below, that organization's Employee Benefit Program or Fiduciary of an Employee Benefit Program will be covered under this endorsement, but only with respect to Fiduciary Wrongful Acts which occurred after such acquisition or creation. b.Paragraph a. will apply only if the Named Organization: Provides us with a complete information regarding such new Employee Benefit Programs within ninety (90) days after the effective date of such creation, merger, or acquisition; and (1)Agrees to: (a)Pay any additional premium; or (b)Any subsequent amendments to this endorsement as might be required by us; relating to such new Employee Benefit Programs. Acquisition Of Named Organization If during the Coverage Period: Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Wrongful Act Coverage Part Endorsement Page 172 a.The Named Organization merges into or consolidates with another organization, such that the Named Organization is not the surviving organization; or b.Another organization, or person or group of organizations and/or persons acting in concert acquires securities or voting rights which result in ownership or voting control by the other organization(s) or person(s) of more than fifty percent (50%) of the outstanding securities representing the preset right to vote for the election of directors of the Named Organization; then coverage under this endorsement will continue until the end of the Coverage Period, but only with respect to Loss because of any Fiduciary Wrongful Act which occurred prior to such merger, consolidation or acquisition. The full annual premium for the Coverage Period will be deemed fully earned immediately upon the occurrence of such merger, consolidation or acquisition of the Named Organization. The Named Organization must give written notice of such merger, consolidation or acquisition to us as soon as practicable, together with such information as we may reasonably require. I. EXTENDED REPORTING PERIODS 1.We will provide one or more Extended Reporting Periods as described below, if: a.This endorsement or the Wrongful Acts Coverage Part is canceled or not renewed; or b.We renew or replace this endorsement with Coverage that: (1)Does not apply to Fiduciary Wrongful Acts on a claims made basis; or (1)Has a Retroactive Date later than the date shown on the Declarations for this coverage extension. 2.Extended Reporting Periods do NOT extend the Coverage Period or change the scope of coverage provided. They apply only to Claims arising out of Fiduciary Wrongful Acts that take place before the end of the Coverage Period, but not before the Retroactive Date shown in the Schedule of this endorsement. 3.A Basic Extended Reporting Period is automatically provided without additional premium. It does NOT apply to Claims that are covered under any subsequent Coverage you purchase, or that would be covered but for exhaustion of the amount of Coverage applicable to such Claims. This period starts with the end of the Coverage Period and lasts for sixty (60) days. 4.A Supplemental Extended Reporting Period may be available by endorsement for an extra premium. This Supplemental Extended Reporting Period starts when the Basic Extended Reporting Period ends. You must give us a written request for the Supplemental Extended Reporting Period endorsement within 60 days after the end of the endorsement or Coverage Part, whichever date occurs first. The Supplemental Extended Reporting Period will not go into effect unless you pay the additional premium promptly when due. The additional annual premium for the Supplemental Extended Reporting Period will NOT exceed 200% of the annual premium for this endorsement. Once in effect, the Supplemental Extended Reporting Period cannot be cancelled. The premium for the Supplemental Extended Reporting Period will be deemed fully earned as of the date it is purchased. 5.All Extended Reporting Periods do NOT reinstate or increase the Limit of Coverage. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Wrongful Act Coverage Part Endorsement Page 173 All other terms and conditions remain unchanged. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Miscellaneous Professional Liability Coverage Part Page 174 MISCELLANEOUS PROFESSIONAL LIABILITY COVERAGE PART THIS COVERAGE PART PROVIDES COVERAGE ON A CLAIMS MADE AND REPORTED BASIS. PLEASE READ THE ENTIRE FORM CAREFULLY. SECTION I. COVERAGE - MISCELLANEOUS PROFESSIONAL WRONGFUL ACT A.COVERAGE AGREEMENT 1.In return for the payment of the premium, we agree with you to pay those amounts for which the Covered Party becomes legally obligated to pay as damages because of a Wrongful Act in the rendering of or failure to render Miscellaneous Professional Services to which this Coverage Part applies, provided that: a.The Wrongful Act first takes place on or after the Retroactive Date shown in the Liability Coverage Part Declarations and before the end of the Coverage Period; b.The Wrongful Act takes place in the Coverage Territory; c.The Wrongful Act has not been reported under insurance or the funding of loss that is provided by another insurance company, a risk retention group, another risk pool, a self-insurance method other than any funded by the Covered Party and/or any similar risk transfer or risk management method prior to the inception of this Coverage Agreement; d.A Claim for the Wrongful Act is "first made" against a Covered Party, in accordance with Paragraph 2. below, during the Coverage Period or any applicable Extended Reporting Period provided under subsection F. of this Coverage Part; and e.Notice in writing of the: (1)Wrongful Act is received by us in accordance with Paragraph 4. below; (2)Claim is received by us, pursuant to part 1.b.(2) and 2. of Condition G., Duties In The Event Of An Accident, Occurrence, Wrongful Act Or Claim; or as soon as practicable, but no later than: (1)As respects a Claim, the end of any applicable Extended Reporting Period provided under subsection F. of this Coverage Part; (2)As respects a Claim, 365 days after the Claim is received by you; however, this provision does not apply if an Extended Reporting Period applies; or (3)As respects a Wrongful Act, within 60 days following the end of this Coverage Part or the Coverage Period. In addition to the requirements set forth above in Paragraph I.A.1.d., notice of a Wrongful Act or Claim must also meet all requirements of Condition G., Duties In The Event Of Accident, Occurrence, Wrongful Act Or Claim in the LIABILITY COVERAGES – COMMON CONDITIONS, DEFINITIONS AND EXCLUSIONS of this Coverage Agreement. 2.Claims First Made A Claim will be deemed to have been first made at the earlier of the following times: a.When we receive written notice from you, in accordance with Paragraph 4. below, and all other applicable provisions and requirements, of the Wrongful Act that results in the subsequent Claim; b.When notice of a Claim is received and recorded by you or by us, whichever comes first; or c.When we, or, with our approval, you made settlement in accordance with Subsection B. Defense And Indemnification below. All Claims based on or arising out of the same Wrongful Act or related Wrongful Acts as described in Paragraph 3. below, will be considered first made when the first of such Claims is considered first made in accordance with subparagraphs a., b. and c. above. 3.Related Wrongful Acts Subject to Section IV. Limit of Coverage for the Same or Interrelated or Causally Connected Accidents, Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Miscellaneous Professional Liability Coverage Part Page 175 Occurrences, Wrongful Acts or Claims of the LIABILITY COVERAGES - COMMON CONDITIONS, DEFINITIONS AND EXCLUSIONS part of this Coverage Agreement, all Wrongful Acts that are interrelated or causally connected by common facts, circumstances, transactions, events or decisions will be considered one Wrongful Act and will be considered to have been committed at the time the first of those Wrongful Acts were committed. However, this does not include any Wrongful Acts that are committed after the expiration of: a.This Coverage Agreement; or b.Any renewal of this Coverage Agreement or any subsequent renewals, all issued by us on a continuous basis with no intervening insurance or self-insurance by any other carrier or entity; whichever is later, regardless of whether or not they are causally connected to a prior Wrongful Act. 4.Conditions for Claims To Be First Made When Act Is Reported If, in addition to all other applicable provisions and requirements, you meet all of the following requirements in reporting a Wrongful Act to us, all subsequent Claims arising from that Wrongful Act, including related Wrongful Acts as described in Paragraph 3., will be considered to have been made at the time we first received written notice of that Wrongful Act: a.The Wrongful Act did not take place before the Retroactive Date shown in the Liability Coverage Part Declarations or after the end of the Coverage Period; b.We receive written notice of the Wrongful Act from you, pursuant to the requirements in subparagraph I.A.1.d. above. In addition, such notice must also include a written statement that you believe the Wrongful Act will result in a subsequent Claim, and you want this Coverage Agreement to apply to subsequent Claims resulting from the Wrongful Act; c.You and any person or department authorized for reporting Claims, including, but not limited to, a TPA, did not know, or would not have reasonably been expected to know, prior to the inception of this Coverage Agreement that the Wrongful Act may reasonably result in a Claim that could involve indemnification by this Coverage Agreement; d.No Claims arising out of the Wrongful Act were made before we received the written notice from you; e.The Wrongful Act has not been reported to any other insurance policy or coverage for the specific purpose of making that policy apply to subsequent Claims arising out of such Wrongful Act; and f.There is no other insurance or coverage that applies to the Claim or would apply except for the exhaustion of its limits. The amount we will pay is limited in accordance with subsection D. Limit Of Coverage below. The amount you must pay is described in Section C. Deductible below. When we will pay is limited in accordance with subsection B. Defense And Indemnification below. We have no other obligation to pay any additional sums or perform acts or services. B.DEFENSE AND INDEMNIFICATION We have the right and duty to defend, through attorneys of our choice, any Claim against a Covered Party seeking damages because of a Wrongful Act to which this Coverage Part applies. If we defend, we will pay Defense Costs of a Claim or Suit against a Covered Party who is covered under this Coverage Part. However, we have no duty to defend against any Claim or Suit seeking damages to which this Coverage Part does not apply. Our defense obligation will end when we have used up the applicable limit of coverage with the payment of judgments, settlements, and/or Defense Costs, whichever comes first. 1.You and any Covered Party must obtain our prior written approval before offering or agreeing to pay an amount or settle any Claim under this Coverage Part. 2.We shall have the right to propose a settlement for any Claim or Suit. If a Covered Party refuses to consent to a settlement, we will limit the total amount we will pay for damages and Defense Costs to no more than the amount we would have paid had you given consent to the proposed settlement. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Miscellaneous Professional Liability Coverage Part Page 176 C.DEDUCTIBLE Your Deductible is the amount shown in the Miscellaneous Professional Liability Declarations Item 1. D.Limits of Coverage 1.The Limits of Coverage specified in the Liability Coverages Declarations and the rules below set the most we will pay regardless of: a.The number of persons and organizations who are Covered Members under this Coverage Agreement; b.The number of Claims made against any or all Covered Members; or c.The number of persons or organizations making Claims. All related Wrongful Acts will be considered one Wrongful Act in accordance with subparagraph A.3. above. 2.The Miscellaneous Professional Liability Sublimit Each Wrongful Act in Item 2 of the Liability Coverages Declarations is most we will pay for all damages and Defense Costs resulting from any one Wrongful Act. 3.The Miscellaneous Professional Liability Sublimit Annual Aggregate in Item 2 of the Liability Coverages Declarations is the most we will pay for all damages and Defense Costs. 4.The Annual Group Aggregate Limit (All Liability Coverages) in Item 2 of the Liability Coverages Declarations is the most we will pay for all damages and Defense Costs under any and all Coverage Agreements issued by us to Group Members and effective during the Coverage Period. 5.Our Limits of Coverage, in the aggregate, specified in Item 2 of the Liability Coverages Declarations, apply separately to each consecutive annual period, and to any remaining period of less than twelve (12) months, starting with the beginning of the Coverage Period shown in the Declarations. If the Coverage Period is extended after issuance for an additional period of less than twelve (12) months, then the additional period will be deemed part of the last preceding period for purposes of determining the Limit of Coverage Aggregates for this Coverage Part. 6.Defense Costs are included in the limits specified in Item 2 of the Liability Coverage Declarations and will reduce the Limits of Coverage provided by this Coverage Part. E.EXCLUSIONS With respect to this Coverage Part only: 1.Exclusion 3. Medical And Health Services in the LIABILITY COVERAGES - COMMON CONDITIONS, DEFINITIONS AND EXCLUSIONS section of this Coverage Agreement is amended as follows: Paragraph 3.a.(2) does not apply, but only as respects those services that have an indication in the Schedule of Professional Services that Medical And Health Exclusion Paragraph 3.a.(2) does not apply. The following exclusions apply to this Coverage Part in addition to the exclusions found in the LIABILITY COVERAGES - COMMON CONDITIONS, DEFINITIONS AND EXCLUSIONS section of this Coverage Agreement. 2.The coverage under this Coverage Part does not apply to, and we shall have no indemnity obligation with respect to, any liability from, any Claim based upon, arising out of, directly or indirectly resulting from, in connection with or in any way involving Known Acts and Pending or Prior Litigation or Hearings a.Any Wrongful Acts that take place prior to the inception date of this Coverage Part if you, your elected, Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Miscellaneous Professional Liability Coverage Part Page 177 appointed or employed officials, your commission or board members, or the department, person or entity authorized for reporting Wrongful Acts or Claims knew or reasonably should have foreseen that such Wrongful Act may reasonably result in a Claim that could involve indemnification by this Coverage Agreement; or b.Any pending or prior litigation or administrative or regulatory proceedings or hearings, including all future Claims arising out of them. Provided, however, this exclusion shall not apply to: 1) any Wrongful Act first known by a Covered Member; or 2) any pending or prior litigation or hearings first initiated; after the effective date of the first claims made policy issued and continuously renewed by NPIP and the Covered Member or claims made Miscellaneous Professional Liability Coverage issued by us. 3.Inadequate Insurance A Covered Member’s failure to effect, maintain or administer any insurance coverage, bond, self- insurance fund or any other plan or agreement of risk transfer or assumption. 4.Tax Assessments Any of the following: a. The imposition of any tax assessments, adjustments, fines or penalties; b. The collection, refund, disbursement or application of any taxes; or c. The failure to anticipate tax revenue shortfalls. 5.Wage And Hour Laws Covered Member’s obligation to pay back pay awards, fringe benefits, educational expenses, overtime or similar damages, even if designated as liquidated or any other form of damages, under any federal, state, or local statute, rule, ordinance or regulation. 6.Breach Of Contract Breach of any: a. Express or implied contract or agreement; b. Guarantee; or c. Warranty. 7.Contractual Liability A Covered Member’s obligation to pay by reason of the assumption of liability in a contract or agreement. This exclusion does not apply to liability that the Covered Member would have in the absence of the contract or agreement. 8.Profit, Advantage or Remuneration A Covered Member gaining profit, advantage or remuneration to which a Covered Member is not entitled. But this exclusion applies only to the Covered Member who gained the illegal profit, advantage or remuneration. 9.Money And Securities The destruction or disappearance of money or securities, or the loss of use thereof. 10.Automobile The ownership, maintenance, operation, use, control, licensure, permit, entrustment to others or Loading or Unloading of Automobiles, or the transport of any person. This exclusion applies even if the Claims against any Covered Member allege negligence or other wrongdoing in the supervision, hiring, employment, training or monitoring of others by that Covered Member. 11.Outside Services Actions taken by a Covered Member as a participant, member, partner, director or shareholder of any board, commission, partnership, association or corporation not operated by you or under your jurisdiction. 12.Under The Influence of Controlled Substances Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Miscellaneous Professional Liability Coverage Part Page 178 The performance or rendering of services by a Covered Member under the influence of intoxicants or illicit drugs. This exclusion applies only to the Covered Member(s) determined to be under the influence of intoxicants or illicit drugs as evidenced by either: 1) the presence of intoxicants or illicit drugs beyond the legal limit in the Covered Member’s system at the time the service was performed or rendered; or 2) a legal determination that the Covered Member was under the influence of intoxicants or illicit drugs at the time the service was performed or rendered. 13.Invalid, Inactive or Suspended License The rendering of Miscellaneous Professional Services without the requisite license, accreditation, certification or similar legal requirement to provide such Miscellaneous Professional Services. 14.Bodily Injury, Personal Injury, Advertising Injury or Property Damage Any: a.Bodily Injury, except to the extent that coverage is provided under this Miscellaneous Professional Liability Coverage Part; or b.Personal Injury, Advertising Injury or Property Damage. F. EXTENDED REPORTING PERIODS 1. We will provide one or more Extended Reporting Periods, as described below, if: a.This Coverage Part is canceled or not renewed; or b.We renew or replace this Coverage Part with coverage that: (1)Does not apply to Wrongful Acts on a claims made basis; or (2)Has a Retroactive Date later than the date shown in the Liability Coverage Part Declarations. 3.No Extended Reporting Period shall extend the Coverage Period, change the scope of coverage provided or reinstate or increase the applicable limits of coverage. All Extended Reporting Periods apply only to Claims arising out of Wrongful Acts that take place before the end of the Coverage Period, but not before the Retroactive Date shown in the Liability Coverage Part Declarations. 4.A Basic Extended Reporting Period is automatically provided without additional premium, subject to Paragraphs F.1. and F.2. above. It does not apply to Claims to which any subsequent insurance or coverage you purchase applies, or would apply, but for exhaustion of the amount of coverage applicable to such Claims. This period starts with the end of the Coverage Period and lasts for sixty (60) days. 5.A Supplemental Extended Reporting Period may be available by endorsement for an extra premium. This Supplemental Extended Reporting Period starts when the Basic Extended Reporting Period, set forth in Paragraph F.3. above, ends. The requirements of Paragraph F.2. above are applicable to any Supplemental Extended Reporting Period that is purchased. You must give us a written request for the Supplemental Extended Reporting Period endorsement within 60 days after the end of the Coverage Period. The Supplemental Extended Reporting Period will not go into effect unless and until you pay the additional premium. Once in effect, Supplemental Extended Reporting Periods may not be cancelled. The additional premium for the Supplemental Extended Reporting Period will NOT exceed 200%of the annual premium for this Coverage Part. G. DEFINITIONS 1. The definition of Wrongful Act is deleted and replaced by the following: Wrongful Act, as used in this Coverage Part, means any tortious error, act, omission, misstatement, misleading statement, neglect or breach of duty committed by a Covered Party, including misfeasance, malfeasance, or nonfeasance in the discharge of duties, individually or collectively. Wrongful Act does not include Employment Practices Violations. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Miscellaneous Professional Liability Coverage Part Page 179 2. The following definition is added: Miscellaneous Professional Services means only those Professional Services specifically described in the Schedule of Professional Services attached to this Coverage Part. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Miscellaneous Professional Liability Coverage Part Page 180 SCHEDULE OF PROFESSIONAL SERVICES List the Name(s) of Individual(s) and/or describe Professional Services to be covered: •Licensed Nurses. However, Advanced Registered Nurse Practitioners are not covered unless specifically scheduled on file with the Company. •Licensed Counselors •Licensed Therapists •Licensed Psychologists •Licensed Dental Hygienists •Duly certified Emergency Medical Technicians and Paramedics. •Licensed Social Workers. •Licensed Athletic Trainers •Licensed Medical Assistants •Certified Nursing Assistants •Licensed Home Care Aids Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Wrongful Acts Coverage Part Endorsement Page 181 OUTSIDE BOARDS OR COMMISSIONS This endorsement modifies coverage provided under the following Coverage Parts: WRONGFUL ACTS LIABILITY COVERAGE PART (CLAIMS MADE) MISCELLANEOUS PROFESSIONAL LIABILITY COVERAGE PART (CLAIMS MADE) This endorsement changes the Coverage Agreement effective on the inception date of the Coverage Agreement unless another date is indicated above. The following exclusion deletes and replaces Exclusion 11. Outside Services, in the Wrongful Acts Liability Coverage Part, if applicable, and Exclusion 11. Outside Services, the Miscellaneous Professional Liability Coverage Part, if applicable: The coverage under this Coverage Part does NOT apply to: •Any liability imposed on a Covered Member for any Wrongful Act resulting from actions taken as a participant, member, partner, director or shareholder of any Board, Commission, partnership, association or corporation, not operated by you and under your jurisdiction. This exclusion does not apply if the participant, member, partner, director or shareholder of any Board, Commission, partnership, association or corporation serves on the Board, Commission, partnership, association or corporation at your specific written request; and such entity is a not-for-profit organization; and insurance with any other insurer is not available to cover a Claim for such person. All other terms and conditions remain unchanged. Covered Member: Olympic Housing Trust Effective Date: 06/01/2026 Coverage Number: NPIP2627-53594 Expiration Date: 06/01/2027 2026-2027 NPIP Coverage Agreement Cap on Losses from Certified Acts of Terrorism Page 182 CAP ON LOSSES FROM CERTIFIED ACTS OF TERRORISM If aggregate Covered Party losses attributable to terrorist acts certified under the federal Terrorism Risk Insurance Act exceed $100 billion in a calendar year and all insurers and or reinsurers have met their deductible under the Terrorism Risk Insurance Act, all insurers and or reinsurers, shall not be liable for the payment of any portion of the amount of such losses that exceeds $100 billion, and in such case Covered Party losses up to that amount are subject to pro rata allocation in accordance with procedures established by the Secretary of the Treasury. Certified Act of Terrorism means an act that is certified by the Secretary of the Treasury, in accordance with the provisions of the federal Terrorism Risk Insurance Act, pursuant such Act. The criteria contained in the Terrorism Risk Insurance Act for a Certified Act of Terrorism include the following: 1.The act resulted in Covered Party losses in excess of $5 million in the aggregate, attributable to all types of insurance subject to the Terrorism Risk Insurance Act; and 2.The act is a violent act or an act that is dangerous to human life, property or infrastructure and is committed by an individual or individuals, as part of an effort to coerce the civilian population of the United States or to influence the policy or affect the conduct of the United States Government by coercion. The terms and limitations of any terrorism exclusion, or the inapplicability or omission of a terrorism exclusion, do not serve to create coverage for injury or damage that is otherwise excluded under this Coverage Part. All Other Terms and Conditions Remain Unchanged.