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D. No Benefit To Bailee <br />No person or organization, other than you, having <br />custody of Covered Property will benefit from this <br />insurance. <br />E. Policy Period, Coverage Territory <br />We cover loss or damage commencing: <br />1. During the policy period shown in the Declara- <br />tions; and <br />2. Within the coverage territory. <br />F. Valuation <br />The value of property will be the least of the fol- <br />lowing 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 prop- <br />erty will be determined as of the time of loss or <br />damage. <br />RAMwuigmadDlMsian <br />ZREVIEWED & APPROVED BY. <br />e Aeevaa <br />CM 00 01 09 04 ©ISO Properties, Inc., 2003 1-M&M' Hi5k Management Specialist <br />