VACANT PROPERTY SECURITY (3) - Laserfiche WebLink

Home Browse Search

CNA CNA PARAMOUNT Real Estate General Liability Extension Endorsement 1. ADDITIONAL INSUREDS a. WHO IS AN INSURED is amended to include as an Insured any person or organization described in paragraphs A. through L. below whom a Named Insured is required to add as an additional insured on this Coverage Part under a written contract or written agreement, provided such contract or agreement: (1) is currently in effect or becomes effective during the term of this Coverage Part; and (2) was executed prior to: (a) the bodily injury or property damage; or (b) the offense that caused the personal and advertising injury, for which such additional insured seeks coverage. b. However, subject always to the terms and conditions of this policy, including the limits of insurance, the Insurer will not provide such additional insured with: (1) a higher limit of insurance than required by such contract or agreement; or (2) coverage broader than required by such contract or agreement, and in no event broader than that described by the applicable paragraph A. through L. below. Any coverage granted by this endorsement shall apply only to the extent permissible by law. c. When an additional insured described below, or in an endorsement attached to this policy is: (1) An individual, then his/her spouse is also an insured; (2) A partnership, then its partners and their spouses are also insureds; (3) A limited liability company, then its members and managers are also insureds; or (4) An organization other than a partnership, joint venture or limited liability company, then its executive officers, directors and shareholders are also insureds; but only with respect to their roles as such, and only with respect to locations or operations to which additional insured coverage applies. A. Controlling Interest Any person or organization with a controlling interest in a Named Insured, but only with respect to such person or organization's liability for bodily injury, property damage or personal and advertising injury arising out of: 1. such person or organization's financial control of a Named Insured; or 2. premises such person or organization owns, maintains or controls while a Named Insured leases or occupies such premises; provided that the coverage granted by this paragraph does not apply to structural alterations, new construction or demolition operations performed by, on behalf of, or for such additional insured. B. Co-owner of Insured Premises A co-owner of a premises co -owned by a Named Insured and covered under this insurance but only with respect to such co -owner's liability for bodily injury, property damage or personal and advertising injury as co-owner of such premises. C. Grantor of Franchise Any person or organization that has granted a franchise to a Named Insured, but only with respect to such person or organization's liability for bodily injury, property damage or personal and advertising injury as grantor of a franchise to the Named Insured. CNA74902XX (1-15) Pol Page 2 of 14 EndorsemE Risk MmWmadDiAsian Nat'l Fire Ins Co of Hartford Effectly 3 r RE�AEWED&APPROVED BY. - Insured Name: ASP MCS ACQUISITION CORP � L' p s" PZ. VSA44a Copyright CNA All Rights Reserved. Includes copyrighted material of Insurance Services Office, Inc., with its Risk Management Analyst