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COMMERCIAL PROPERTY COMMERCIAL PROPERTY CONDITIONS This Coverage Part is subject to the following conditions, the Common Policy Conditions and applicable Loss Conditions and Additional Conditions in Commercial Property Coverage Forms. A.CONCEALMENT, MISREPRESENTATION ORF.NO BENEFIT TO BAILEE FRAUD No person or organization, other than you, having This Coverage Part is void in any case of fraud bycustody of Covered Property will benefit from this you as it relates to this Coverage Part at any time.insurance. It is also void if you or any other insured, at any G.OTHER INSURANCE time, intentionally conceal or misrepresent a ma- 1.You may have other insurance subject to the terial fact concerning: same plan, terms, conditions and provisions as 1.This Coverage Part; the insurance under this Coverage Part. If you 2.The Covered Property;do, we will pay our share of the covered loss or damage. Our share is the proportion that the 3.Your interest in the Covered Property; or applicable Limit of Insurance under this Cov- 4.A claim under this Coverage Part. erage Part bears to the Limits of Insurance of all insurance covering on the same basis. B.CONTROL OF PROPERTY 2.If there is other insurance covering the same Any act or neglect of any person other than you loss or damage, other than that described in 1. beyond your direction or control will not affect this above, we will pay only for the amount of cov- insurance. ered loss or damage in excess of the amount The breach of any condition of this Coverage Part due from that other insurance, whether you at any one or more locations will not affect cover- can collect on it or not. But we will not pay age at any location where, at the time of loss or more than the applicable Limit of Insurance. damage, the breach of condition does not exist. H.POLICY PERIOD, COVERAGE TERRITORY C.INSURANCE UNDER TWO OR MORE COVER- Under this Coverage Part: AGES 1.We cover loss or damage commencing: If two or more of this policy's coverages apply to the same loss or damage, we will not pay more a.During the policy period shown in the Dec- than the actual amount of the loss or damage. larations; and D.LEGAL ACTION AGAINST US b.Within the coverage territory. No one may bring a legal action against us under 2.The coverage territory is: this Coverage Part unless: a.The United States of America (including its 1.There has been full compliance with all of the territories and possessions); terms of this Coverage Part; and b.Puerto Rico; and 2.The action is brought within 2 years after the c.Canada. date on which the direct physical loss or dam- age occurred. E.LIBERALIZATION If we adopt any revision that would broaden the coverage under this Coverage Part without addi- tional premium within 45 days prior to or during the policy period, the broadened coverage will immediately apply to this Coverage Part. CP 00 90 07 88Copyright, ISO Commercial Risk Services, Inc., 1983, 1987Page1 of 2‽‽