FERGUSON GROUP 2 - 2004 - Laserfiche WebLink

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SECTION I DEDUCTIBLES Under DEDUCTIBLES, the following is deleted: 3. $250 from the amount of all loss in any one occurrence under the Mechanical Breakdown optional coverage when Option MB is designated in the Declara- tions; SECTION I CONDITIONS Under CONDITIONS, paragraph b. in item 2. Valu- ation is replaced by the following (NOT APPLICA- BLE if ACTUAL CASH VALUE - CONTENTS is shown in the Declarations): b. actual cash value as of the time of loss to the following covered property: (1) used or second-hand merchandise held in storage or for sale; (2) manuscripts; (3) works of art, antiques or rare arti- cles, including etchings, pictures, statuary, marbles, bronzes, porce- lains and bric-a-brac; (4) property of others that is in your care, custody or control, plus the cost of labor, materials, or services furnished or arranged by you on such property. FE-6610 (CONTINUED) The following items apply only to property not included in items (1), (2) or (3),.immediately above: (a) If you are legally responsible by written contract for an amount that exceeds the actual cash value of property of others in your care, custody or control, valuation will be determined at the amount fixed by such writ- ten contract, but not at more than the replacement cost of the property as of the time of loss, without deduction for depreciation. (b) Under the Property Off Pre- mises, Property in Transit, and Property of Others Extensions of Coverage, the value of prop- erty of others in your care, cus- tody or control will be determined in accordance with paragraph a. of this Valuation Condition. (c) The value of property, used in your business, that you lease from others or rent from others or that is loaned to you, will b~ determined in accordance with paragraph a. of this Valuation Condition. We will not pay more for loss in anyone occur- rence than the applicable limit of insurance. All other policy provisions apply.