Laserfiche WebLink
PI- GLD -HS (04/07) <br />(b) The construction, erection, or removal of elevators; or <br />(c) The ownership, maintenance, or use of any elevators covered by this insurance. <br />I. Limited Rental Lease Agreement Contractual Liability <br />The following is added to SECTION I — COVERAGES, COVERAGE A. BODILY INJURY AND <br />PROPERTY DAMAGE LIABILITY, Subsection 2. Exclusions, Paragraph b. Contractual Liability: <br />(3) Based on the named insured's request at the time of claim, we agree to indemnify the named <br />insured for their liability assumed in a contract or agreement regarding the rental or lease of a <br />premises on behalf of their client, up to $50,000. This coverage extension only applies to rental <br />lease agreements. This coverage is excess over any renter's liability insurance of the client. <br />J. Damage to Property You Own. Rent or Occupy <br />SECTION I — COVERAGES, COVERAGE A BODILY INJURY AND PROPERTY DAMAGE <br />LIABILITY, Subsection 2. Exclusions, Paragraph j. Damage to Property, Item (1) is deleted in its <br />entirety and replaced with the following: <br />(1) Property you own, rent, or occupy, including any costs or expenses incurred by you, or any <br />other person, organization or entity, for repair, replacement, enhancement, restoration or <br />maintenance of such property for any reason, including prevention of injury to a person or <br />damage to another's property, unless the damage to property is caused by your client, up to a <br />$30,000 limit. A client is defined as a person under your direct care and supervision. <br />K. Transfer of Rights of Recovery Against Others To Us <br />As a clarification, the following is added to SECTION IV — COMMERCIAL GENERAL LIABLITY <br />CONDITIONS, Paragraph 8. Transfer of Rights of Recovery Against Others To Us: <br />Therefore, the insured can waive the insurer's Rights of Recovery prior to the occurrence of a loss, <br />provided the waiver is made in a written contract. <br />L. Duties in the Event of Occurrence. Claim or Suit <br />1. The requirement in Paragraph 2.a. of SECTION IV - COMMERCIAL GENERAL LIABILITY <br />CONDITIONS that you must see to it that we are notified as soon as practicable of an "occurrence" <br />or an offense, applies only when the "occurrence" or offense is known to: <br />a. You, if you are an individual; <br />b. A partner, if you are a partnership; or <br />c. An executive officer or insurance manager, if you are a corporation. <br />2. The requirement in Paragraph 2.15. of SECTION IV — COMMERCIAL GENERAL LIABILITY <br />CONDITIONS that you must see to it that we receive notice of a claim or "suit" as soon as <br />practicable will not be considered breached unless the breach occurs after such claim or "suit" is <br />known to: <br />a. You, if you are an individual; <br />b. A partner, if you are a partnership; or <br />c. An executive officer or insurance manager, if you are a corporation. <br />Page 5 of 7 <br />Includes copyrighted material of Insurance Services Office, Inc., with its permission. <br />