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(2) The period of time you have been in business as of the date the loss or damage occurs. D. Deductibles 1. We will not pay for loss or damage in any one occurrence until the amount of loss or damage exceeds the Deductible shown in the Declarations. We will then pay the amount of loss or damage in excess of the Deductible up to the applicable Limit of Insurance of Section I - Properly. 2. No Deductible applies to the following Additional Property Coverages and Extensions of Coverage: a. Fire Department Service Charge; b. Fire Extinguisher Recharge; c. Business Income, unless a Business Income Waiting Period is shown on the Declarations Page; d. Extra Expense; e. Civil Authority; E Lock Repair and Key Replacement; g. Deferred Payment; h. Debris Removal; I. Arson and "Theft" Reward; j. ERISA Compliance; k. Preservation of Property; k. Pollutant Clean -Up and Removal; 1. Ordinance or Law; m. Leasehold Interest (tenant's only); n. Unauthorized Business Credit Card Use; o. Business Income from Dependent Properties; and p. Inventory and Loss Appraisal. 3. A $250 Deductible applies to the following Coverages: a. Glass - Interior and Exterior: and b. Glass Expenses. 4. A $500 Deductible applies to all of the Additional Property Coverages and Extensions of Coverage scheduled on the Declarations unless otherwise indicated in item 2., 3. or 5. of this Section. 5. A $1,000 Deductible applies to the following Additional Property Coverages and Extensions of Coverage: a. "Employee" Dishonesty (except ERISA Compliance); b. Salesperson's Samples; c. Installation; 391 -1003 06 09 17,981 I'h¢ Hanover Insurance Group. 0 B3 98 98815 1001051 d. Personal Property off Premises; e. Personal Property in Transit. 6. Each Deductible shall be applied separately, but only to the coverage specified. The total Deductible for all losses In one "occurrence" will be the highest Deductible amount that applies to that "occurrence ". E. Property Loss Conditions 1. Abandonment There can be no abandonment of any property to us. 2. Appraisal If you and we disagree on the amount of loss, either may make written demand for an appraisal of the loss. In this event, each party will select a competent and impartial appraiser. The two appraisers will select an umpire. If they cannot agree, either may request that selection be made by a judge of a court having jurisdiction. The appraisers will state separately the amount of loss. If they fall to agree, they will submit their differences to the umpire, A decision agreed to by any two will be binding. Each party will: a. Pay its chosen appraiser; and b. Bear the other expenses of the appraisal and umpire equally. If there Is an appraisal, we will still retain our right to deny the claim. 3. Duties In The Event Of Loss Or Damage a. You must see that the following are done in the event of loss or damage to Covered Property: (1) Notify the police if a law may have been broken. (2) Give us prompt notice of the loss or damage. Include a description of the property Involved. (3) As soon as possible, give us a description of how, when and where the loss or damage occurred. (4) Take all reasonable steps to protect the Covered Property from further damage, and keep a record of your expenses necessary to protect the Covered Property, for consideration In the settlement of the claim. This will not increase the Limits of Insurance of Section I - Property. However, we will not pay for any subsequent loss or damage resulting from a cause of loss that is not a Covered Cause of Loss. Also, if feasible, set the damaged property aside and in the best possible order for examination. Includes copyrighted material of Insurance Services Page 37 of 66 Office, Inc. with Its permission