LINEAR SYSTEMS 3 -2014 - Laserfiche WebLink

Home Browse Search

representative, agent or any "employee" who travels with sales samples; (b) In your custody while you are acting as a sales representative; or (c) In transit between premises that you own, lease or operate and your sales representative. (2) The most we will pay for any loss under this Additional Coverage is $5,000 per "occurrence ". This Additional Coverage is not subject to the Limits of Insurance of Section I - Property. (3) We will not pay for any loss to the following property: (a) Property which has been sold; (b) Jewelry, precious or semi-precious stones, gold, silver, platinum, or other precious metals or alloys; (c) Furs, fur garments or garments trimmed with fur; or (d) Any property while waterborne (4) Exclusions B.2.e., B.2.j.(4), and B.2.j.(6) (a) and (b) do not apply to this Additional Coverage. (5) special Salesperson's Samples Exclusion We will not pay for any loss or damage caused by "theft" from an unattended vehicle Including: (a) Loss from inside a vehicle, including trailers, or from a permanently - mounted exterior toolbox except when: (1) securely locked, (2) there is visible evidence that entry was forced, and (3) when inside a vehicle or trailer, that its windows were fully closed; or (b) While Items are placed on the exterior of an unattended vehicle (Including trailers) unless the item: (1) was secured, (2) was protected by privacy locks and (3) there is visible evidence that removal was accomplished by force. This Additional Coverage is not subject to the Limits of Insurance of Section I - Property. aa. Leasehold Interest (Tenant's Only) (1) If your lease is cancelled due to direct physical damage to property at the described premises caused by or resulting from a Covered Cause of Loss, we will pay the net loss you sustain due to increased rent under a replacement lease. (2) The most we will pay for loss because of the cancellation of any lease or leases on account of the same covered cause of loss is: (a) If your lease is cancelled and either: (1) Your landlord allows you to continue to use your premises under a new lease not to exceed the prevailing lease rate, or (2)'You relocate to other permanent premises and enter into a new lease. For the duration of the lease in effect at the time of the loss, we will pay the increase in rent between what you were paying at the time of loss and the rent you will be required to pay for equivalent premises under the replacement lease; (b) $10,000; (c) Nothing If there is no written or legally binding lease, whichever is less. (3) The following provisions apply to (2)(a)(1) and (2) above: (a) If the lease In effect at the time of the loss contains a renewal option, the expiration date of the renewal option period will replace the expiration of the current lease. (b) If the lease has no end date (open- ended), we will pay the difference in rent for a period of no more than 24 months after the date of the direct physical damage to the premises. (4) The following provision applies to (2)(a) & (b) above: (a) $10,000 will be the maximum amount payable regardless of the number of leases affected by the same covered cause of loss. (b) Existence of a renewal option will not increase, or have any other effect on this limit. 391. 1003 06 09 Includes copyrighted material of Insurance Services Page 24 of 66 17,968 Office, Inc. with Its permission