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Last modified
8/17/2020 12:41:15 PM
Creation date
6/11/2020 8:03:24 AM
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Contracts
Company Name
KOSMONT COMPANIES
Contract #
N-2020-101
Agency
COMMUNITY DEVELOPMENT
Expiration Date
5/25/2021
Insurance Exp Date
6/27/2021
Destruction Year
2026
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(6) When <br />you <br />Are Added As An <br />Additio <br />al <br />nsured To Other <br />Insura <br />e <br />That is <br />other <br />insurance available to <br />You co <br />Bring <br />liability for damages <br />arising <br />out <br />f the premises or <br />operatic <br />s, or <br />roducts and completed <br />operatic <br />s,fo <br />which you have been <br />added a <br />an a <br />ditional insured by that <br />insuran <br />; or <br />i7) When <br />ou <br />dtl Others As An <br />Additio <br />al <br />nsured To This <br />That is c their in urance available to an <br />additionz I insu d. <br />HOweve , the following provisions <br />apply to other insurance available to <br />any person or rganization who is an <br />addition I insur d under this Coverage <br />Part: <br />(a) Prija <br />ary Insurance When <br />Reelfired y Contract <br />Thisur nce is primary if you <br />havgree in a written contract, <br />wrin ag ement or permit that <br />thissure a be primary. If other <br />insunce i also primary, we will <br />shawith II that other insurance <br />by e m hod described in c. <br />(b) <br />To <br />the <br />other in <br />insured <br />When this it <br />have no duty <br />defend the ins <br />other insurer <br />insured agair <br />insurer defen <br />so, but we wii <br />rights against <br />id Non -Contributory <br />Insurance When <br />f Contract <br />agreed in a written <br />itten agreement or <br />this insurance is <br />non-contributory with <br />ial insured's own <br />this insurance is <br />we will not seek <br />from that other <br />(a) 4nd (b) do not apply to <br />ice o which the additional <br />s qeen added as an <br />,uran is excesswe will <br />miler is Coverage, Part to <br />ued a 3ainst any "suit" if any <br />has duty to defend the <br />st the "suit". It no other <br />s, we will undertake to do <br />be a titled to the insured's <br />BUSINESS LIABIL TY COVERAGE FORM <br />When this insuran is excess over other <br />Insurance, we will pay only our share of <br />the amount of the loss. if any, that <br />exceeds the sum of: <br />(1) The total amo nt that all such other <br />insurance wou d pay for the loss in the <br />absence ofthi insurance; and <br />(2) The total of fl deductble and self - <br />Insured amou Is under all that other <br />insurance. <br />We will share the re aining loss, it any, with <br />any other insuran that is not described in <br />this Excess Insuran a provision and was not <br />bought specifically t apply in excess of the <br />Limits of Insure ce shown in the <br />Declarations of this . overage part. <br />c. Method Of Sharin <br />If all the oche insurance permits <br />contribution by equ I shares, we will follow <br />this method also. Under this approach, <br />each insurer contributes equal amounts <br />until it has paid Its applicable limit of <br />insurance or none of the loss remains, <br />whichever comes first. <br />If any of the other insurance does not permit <br />contribution by equal shares, we will <br />contribute by limits., Under this method, each <br />insurers share is based on the ratio of its <br />applicable limit of insurance to the total <br />applicable limits of in urance of all insurers. <br />8. Transfer Of Rights ( f Recovery Against <br />Others To Us ' <br />a. Transfer Of Rights Of Recovery <br />If the insured has ghts to recover all or <br />part of any 'payment, including <br />Supplementary Payments, we have made <br />under this Coverage Part, those rights are <br />transferred to us. The insured must do <br />nothing after loss to impair them. At our <br />request. the insured will bring "suit" or <br />transfer those right to us and help us <br />enforce them. Thi condition does not <br />apply to Medical Ex arises Coverage. <br />b. Waiver Of Rights Recovery (Waiver <br />Of Subrogation) <br />If the insured has 'Waived any rights of <br />recovery against any person or <br />organization for all o part of any payment, <br />including Suppleme tary payments, we <br />have made under this Coverage Part, we <br />also waive that right provided the insured <br />waived their rights I of recovery against <br />such person or orgy} lzation in a contract, <br />agreement or perm(t that was executed <br />prior to the injury Or damage. <br />Form SS 00 08 04 05 <br />/" _ Page 17 of 24 <br />
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