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4. Otherinsurance (3) When this insurance is excess over other If other valid and collectible insurance is available insurance, we will pay only our share of to the insured for a loss we cover under Cover- the amount of the loss, if any, that exceeds ages A or B of this Coverage Part, our obligations the sum of: are limited as follows: (a) The total amount that all such other in - a. Primary Insurance surance would pay for the loss in the This insurance is primary except when Para- absence of this insurance; and graph b, below applies. If this insurance is pri- (b) The total of all deductible and self- mary, our obligations are not affected unless insured amounts under all that other any of the other insurance is also primary. insurance. Then, we will share with all that other insurance (4) We will share the remaining loss, if any, by the method described in Paragraph c. with any other insurance that is not de - below. scribed in this Excess Insurance provision b. Excess Insurance and was not bought specifically to apply in excess of the Limits of Insurance shown in (1) This insurance is excess over: the Declarations of this Coverage Part. (a) Any of the other insurance, whether c. Method Of Sharing primary, excess, contingent or on any other basis: If all of the other insurance permits contribu- tion by equal shares, we will follow this method (i) That is Fire, Extended Coverage, also. Under this approach each insurer con - Builder's Risk, Installation Risk or tributes equal amounts until it has paid its ap- similar coverage for "your work"; plicable limit of insurance or none of the loss (il) That is Fire insurance for premises remains, whichever comes first. rented to you or temporarily occu- If any of the other insurance does not permit pied by you with permission of the contribution by equal shares, we will contribute owner; by limits. Under this method, each insurer's (iii) That is insurance purchased by share is based on the ratio of its applicable you to cover your liability as a ten- limit of insurance to the total applicable limits ant for "property damage" to of insurance of all insurers. premises rented to you or tempo- 5. Premium Audit rarily occupied by you with per- mission of the owner; or a. We will compute all premiums for this Cover - ( age Part in accordance with our rules and (iv) If the loss arises out of the main- rates. tenance or use of aircraft, "autos" b. Premium shown in this Coverage Part as od- jeci to Exclusion g. of Section 1 - or watercraft to the extent not sub- vance premium is a deposit premium only. At Coverage A - Bodily Injury And the close of each audit period we will compute Property Damage Liability. the earned premium for that period and send notice to the frst Named Insured. The due date (b) Any other primary insurance available for audit and retrospective premiums is the to you covering liability for damages date shown as the due date on the bill. If the arising out of the premises or opera- sum of the advance and audit premiums paid tions, or the products and completed for the policy period is greater than the earned operations, for which you have been premium, we will return the excess to the first added as an additional insured. Named Insured. (2) When this insurance is excess, we will c. The first Named Insured must keep records of have no duty under Coverages A or B to the information we need for premium compu- defend the insured against any "suit" if any tation, and send us copies at such times as we other insurer has a duty to defend the in- may request. sured against that "suit". If no other insurer defends, we will undertake to do so, but 6. Representations we will be entitled to the insured's rights By accepting this policy, you agree: against all those other insurers. a. The statements in the Declarations are accu- rate and complete; Page 12 of 16 Copyright, Insurance Services Office, Inc., 2012 on,C 00 01 0413