1.7 Property Insurance. Contractor shall maintain additional property insurance, covering the full replacement value, with respect to all risks of physical loss, covering any and all property of Seagate, its subsidiaries and affiliates in Contractor’s care, custody or control, or in transit, that is not otherwise covered under the builders’ risk insurance. The insurance must include Seagate, its subsidiaries and affiliates as loss payees, as their interests may appear.