ADR COACH, INC., THE - Laserfiche WebLink

Home Browse Search

D. The Concealment, Misrepresentation Or Fraud If there is an appraisal, we will still retain our right Condition is replaced by the following with respect to deny the claim. to loss of damage.caused by fire: H. With respect to an. "Open Policy", the Loss We do not provide coverage to the insured who, Payment Condition of the.Standard and Special whether before or after a loss, has committed Property Form is amended by the following: fraud or intentionally concealed or misrepresented 1. The following changes are made to Section•E. any material fact or circumstance concerning: PROPERTY LOSS CONDITIONS: 1. This Coverage Part; a. Paragraph 5.d.(1)(b) of the Loss Payment 2. The Covered Property; condition is deleted and replaced by: 3. That insured's interest in the Covered (b) We will not pay on a replacement Property; or cost basis ' for any loss or 4. A claim under this Coverage Part or Coverage damage until the lost or damaged property is actually repaired or Form. replaced, and then only subject to E. The Concealment, Misrepresentation Or Fraud deduction for depreciation. Prior Condition is replaced by the following with respect to such repair or replacement, to loss of damage caused by a Covered Cause of and in accordance with.the:terms Loss other than fire: applicable in this Paragraph S., This Coverage Part is void if any insured, whether Loss Payment, we will pay the before or after a loss, has committed fraud or actual cash value of the. lost or intentionally concealed or misrepresented any damaged property as described in material fact or circumstance concerning: Paragraph 2. below. If the actual cash value does not exhaust the !. This Coverage Part; applicable Limit of Insurance, we 2. The Covered Property; will then pay the difference 3. That insured's interest in the Covered between the actual cash value Property; or and the replacement cost, provided that the repair or 4. A claim under this Coverage Part or Coverage replacement is completed: Form. (1) Within 12 months after our F. The Other Insurance - Property Coverage payment of the actual cash Condition is replaced by the following: value; or If there is other insurance covering the same loss (ii) Within 36 months after our or damage, we will pay our share of the covered payment of the actual cash loss or damage. Our share is the proportion that value if the loss or damage the applicable limit of insurance bears to the limits relates. to a state of of insurance of all insurance covering on same emergency under California basis. Law. G. Paragraph E.2., Appraisal of the Standard and The following provision applies to real property which is used Special Property Form is deleted and replaced predominantly for residential by the following: purposes and consisting of not 2. If we and you disagree on the value of the more than four-dwelling units, and property or the amount of loss, either may to coverage on tenants' make written request for an appraisal of the household personal.property in a loss. If the request is accepted, each party will residential unit. select a competent and impartial appraiser. if you acting in good: Each party shall notify the other of the with reasonable diligence,. appraiser selected within 20 days of the encounter a delay or. delays in request. The two appraisers will select an approval for, or reconstruction of, umpire. If they cannot agree within 15 days, the residence that are beyond either may request that selection be made by your control, we shall provide one a judge of a court having jurisdiction. The or more .additional extensions of appraisers will state separately the value of six months for good cause. the property and amount of loss. If they fail to Circumstances beyond your agree, they will submit their differences to the control include, but are not limited umpire. A decision agreed to by any two will to: be binding. Each party will: (i) Unavoidable construction a. Pay its chosen appraiser; and permit delays; b. Bear the other expenses of the appraisal (ii) The lack of necessary and umpire equally. construction materials; or Page 4 of 5 Form SS 01 2102 20