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(ii) The amount of the g. We will pay for covered loss or damage accounts that you are able within 30 days after we receive a to re-establish or collect; properly completed sworn proof of loss, iii An amount to allow for ( ) provided you have complied with all of probable bad debts that the terms of this Coverage Form, and you are normally unable to (1) We have reached agreement with collect; and you on the amount of loss; or (iv) All unearned interest and (2) An appraisal award has been made. service charges. h. In settling covered losses involving a (10)"Stock" you have sold but not party wall, we will pay a proportion of delivered at the selling price less the loss, to the party wall based on your discounts and expenses you interest in the wall in proportion to the otherwise would have had. interest of the owner of the adjoining (11)"Finished stock" you manufactured building. A party wall is a wall that at selling price less discounts and separates and is common to adjoining expenses you otherwise would buildings that are owned by different parties. However, if you elect to repair or have had. replace your building and the owner of (12)Personal Property in Transit (other the adjoining building elects not to repair than "stock" you have sold) at the or replace that building, we will pay you amount of invoice, including your the full value of the loss to the party prepaid or advanced freight wall, subject to all applicable policy charges and other charges which provisions including Limits of Insurance, may have accrued or become the Valuation and all other provisions of legally due since the shipment. If this Loss Payment Condition. Our you have no invoice, actual cash payment under the provisions of this value will apply. paragraph does not alter any right of (13) Precious metals, such as gold, subrogation we may have against any silver and platinum, at the entity, Including the owner or Insurer of average market cost of the adjoining building, and does not alter replacements on the date of loss, the terms of SECTION III - COMMON or the actual cost of the POLICY CONDITIONS, K. Transfer of replacement, if less. Rights of Recovery Against Others to Us (14)"Fine Arts" in this policy. We will pay the lesser of: 6. Recovered Property (a) The market value at the time If either you or we recover any property after loss settlement, that party must give the of loss or damage; other prompt notice. At your option, you may (b) The reasonable cost of repair retain the property. But then you must return or restoration to the condition to us the amount we paid to you for the immediately before the property. We will pay recovery expenses and covered loss or damage; or the expenses to repair the recovered (c) The cost of replacement with property, subject to SECTION I - PROPERTY, substantially identical C the Limits of Insurance. property. 7. Vacancy e. Our payment for loss of or damage to a. Description of Terms personal property of others will only (1) As used in this Vacancy Condition, be for the account of the owners of the term building and the term the property. We may adjust losses vacant have the meanings set forth with the owners of lost or damaged in paragraphs (a) and (b) below: property if other than you. If we pay the owners, such payments will satisfy (a) When this policy is issued to a your claims against us for the owners' tenant, and with respect to that property. We will not pay the owners tenant's interest in Covered more than their financial interest in Property, building means the the Covered Property. unit or suite rented or leased to f. We may elect to defend you against the tenant. Such leased space is suits arising from claims of owners of vacant when it does not contain property. We will do this at our expense. ILL�y µ i3RMmag'ah1ad DiAsiun REVIEWED & APPROVED BY.- 391-1003 08 16 Includes copyrighted material of Insurance Services Office, Inc., with its permissi . , --� Risk hrPanagement Analyst