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D. No Benefit To Bailee <br />No person or organization, other than you, <br />having custody of Covered Property will benefit <br />from this insurance. <br />E. Policy Period, Coverage Territory <br />We cover loss or damage commencing: <br />1. During the policy period shown in the <br />Declarations; and <br />2. Within the coverage territory. <br />F. Valuation <br />The value of property will be the least of the <br />following amounts: <br />1. The actual cash value of that property; <br />2. The cost of reasonably restoring that property <br />to its condition immediately before loss or <br />damage; or <br />3. The cost of replacing that property with sub- <br />stantially identical property. <br />In the event of loss or damage, the value of <br />property will be determined as of the time of <br />loss or damage. <br />CM 00 01 09 04 C ISO Properties, Inc., 2003 <br />�oRaN <br />} z <br />RiskMmWmedDMsfan <br />REVIEWED & APPROVED BY.- <br />f R. V;d <br />Risk Management Analyst <br />