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THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. <br />ACCOUNTS RECEIVABLE <br />This endorsement modifies insurance provided under the following: <br />STANDARD PROPERTY COVERAGE FORM <br />SPECIAL PROPERTY COVERAGE FORM <br />This coverage applies only when it is indicated in the <br />Declarations. The provisions of this policy apply to the <br />coverage stated in this endorsement, except as <br />indicated below. <br />A. When shown in the Declarations as applicable, the <br />Limit of Insurance stated in paragraph A.5.a.(1), <br />Accounts Receivable, in the Standard Property <br />Coverage Form and A.6.a.(1), Accounts <br />Receivable, in the Special Property Coverage Form <br />is replaced by the Limit of Insurance for Accounts <br />Receivable shown in the Declarations. All other <br />terms and conditions of the Accounts Receivable <br />Coverage Extension apply to this Optional <br />Coverage. <br />B. Limit of Insurance <br />The most we will pay under this coverage extension <br />in any one occurrence is the Limit of Insurance <br />shown in the Declarations for Accounts Receivable. <br />C. Deductible <br />D. Additional Conditions <br />(1) If you cannot accurately establish the value of <br />accounts receivable outstanding as of the time <br />of direct physical loss or physical damage the <br />following method will be used: <br />(a) Determine the total of the average monthly <br />value of accounts receivable for the 12 <br />months immediately preceding the month in <br />which the direct physical loss or physical <br />damage occurred; and <br />(b) Adjust that total for any normal fluctuations <br />in the value of accounts receivable for the <br />month in which the direct physical loss or <br />physical damage occurred or for any <br />demonstrated variance from the average for <br />that month. <br />(2) The following will be deducted from the total <br />value of accounts receivable, however that <br />value is established: <br />We will not pay for loss in any one occurrence (a) The value of the accounts for which there is <br />unless the amount of loss exceeds the policy no loss or damage; <br />deductible stated in the Declarations. We will then (b) The value of the accounts that you are able <br />pay the amount of loss in excess of the Deductible, to reestablish or collect; <br />up to the Limit of Insurance. <br />(c) A value to allow for probable bad debts that <br />you are normally unable to collect; and <br />(d) All unearned interest and service charges. <br />ew cF RAMwagementDMsian <br />Jy/ \'x REVIEWED & APPROVED BY. - <br />Form SS 04 39 07 05 Is <br />© 2005, The Hartford `----' WskPjana9ementAnalpt <br />