HAZ RENTAL CENTER, LLC. - Laserfiche WebLink

Home Browse Search

(2) 30 days expire after you acquire or 2. Duties In The Event Of Loss begin to construct the property; or a. You must see that the following are done in (3) You report values to us. the event of loss: We will charge you additional premium for (1) Notify the police if a law may have been values reported from the date you acquire broken. the property. (2) Give us prompt notice of the direct The Additional Condition, Coinsurance, does physical loss or damage. Include a not apply to this Extension. description of the property involved. B. Limits Of Insurance (3) As soon as possible, give us a description of how, when and where the The most we will pay for loss in any one direct physical loss or damage occurred. occurrence is the applicable Limit Of Insurance shown in the Declarations. (4) Take all reasonable steps to protect the Covered Property from further damage, Payments under the following coverages will not and keep a record of your expenses increase the applicable Limit of Insurance: necessary to protect the Covered 1. Alterations And New Buildings; Property, for consideration in the settlement of the claim. This will not 2. Civil Authority; increase the Limit of Insurance. 3. Extra Expense; or However, we will not pay for any 4. Extended Business Income. subsequent loss or damage resulting from a cause of loss that is not a The amounts of insurance stated in the Covered Cause of Loss. Also, if Interruption Of Computer Operations Additional feasible, set the damaged property Coverage and the Newly Acquired Locations aside and in the best possible order for Coverage Extension apply in accordance with the examination. terms of those coverages and are separate from the Limit(s) Of Insurance shown in the (5) As often as may be reasonably required, Declarations for any other coverage. permit us to inspect the property proving the loss or damage and examine your C. Loss Conditions books and records. The following conditions apply in addition to the Also permit us to take samples of Common Policy Conditions and the Commercial damaged and undamaged property for Property Conditions: inspection, testing and analysis, and 1. Appraisal permit us to make copies from your If we and you disagree on the amount of Net books and records. Income and operating expense or the amount (6) Send us a signed, sworn proof of loss of loss, either may make written demand for an containing the information we request to appraisal of the loss. In this event, each party investigate the claim. You must do this will select a competent and impartial appraiser. within 60 days after our request. We will The two appraisers will select an umpire. If supply you with the necessary forms. they cannot agree, either may request that (7) Cooperate with us in the investigation or selection be made by a judge of a court having settlement of the claim. jurisdiction. The appraisers will state separately (8) If you intend to continue your business, the amount of Net Income and operating you must resume all or part of your expense or amount of loss. If they fail to agree, "operations" as quickly as possible. they will submit their differences to the umpire. A decision agreed to by any two will be b. We may examine any insured under oath, binding. Each party will: while not in the presence of any other insured and at such times as may be a. Pay its chosen appraiser; and reasonably required, about any matter b. Bear the other expenses of the appraisal relating to this insurance or the claim, and umpire equally. including an insured's books and records. In If there is an appraisal, we will still retain our the event of an examination, an insured's right to deny the claim. answers must be signed. CP 00 30 10 12 © Insurance Services Office, Inc.,2011 Page 5of 9