EAST END REALITY PARTNERS, LP. - Laserfiche WebLink

Home Browse Search

Allianz Read the entire policy carefully to determine rights, duties and what is and is not covered. The words "you" and "your" refer to the Named Insured shown in the Declarations. The words "we", "us" and 'bur" refer to the company providing this insurance. Other words and phrases that are boldfaced have special meaning. Refer to the DEFINITIONS section. By accepting this policy, you agree that: 1. The statements in the Declarations and Application are your agreements and representations; 2. Those statements are accurate and complete; 3. This policy is issued and continued in reliance upon the truth of those representations; and 4. This policy contains all agreements existing between you, us, and our agents, relating to this insurance. SECTION I - EXCESS INSURING AGREEMENT A. We will pay on behalf of any Insured those sums in excess of Primary Insurance that any Insured becomes legally obligated to pay as damages provided that such damages: 1. Are covered by Primary Insurance; 2. Arise from injury or damage that occurs, or from an offense committed, during our Policy Period; and 3. Take place anywhere in the world. B. The terms and conditions of Primary Insurance in effect at the inception date of this policy apply to this policy, unless they are inconsistent with any provision of this policy or relate to any renewal agreement. C. The amount we will pay is limited as described in SECTION II.B. and SECTION III - LIMITS OF INSURANCE. D. Subject to SECTION 11. and SECTION III.E., we will only pay defense expenses we incur in addition to the applicable Limits of Insurance. SECTION II - DEFENSE AND EXPENSE OF CLAIMS AND SUITS A. DEFENSE 1. We will have the right and duty to defend any Insured against any Suit seeking damages to which this insurance applies but only: a. After the applicable limits of insurance of Primary Insurance and Other Insurance cease to apply because of exhaustion by the payment of judgments or settlements, or because of exhaustion by the payment of defense expenses by the terms of that policy; and b. If no Other Insurance affording a defense or indemnity against such a Suit is available to any Insured. 2. We have the right but not the duty to associate with Primary Insurers in the defense and control of any Occurrence, claim or Suit to which we think this policy may apply. 3. At our discretion we may: a. Investigate any Occurrence, claim or Suit; or b. Settle any claim or Suit. 4. We have no duty to defend any Insured against any Suit seeking damages: a. To which this policy does not apply; 530206 19 Copyright ® 2002 Alllanz Global Risks US Insurance Company, All rlghls reserved, �, RhkManagelnmEDlvlelart REVIEWED & APPROVED Br. $nasa R. (!MIME Risk Management Analyst 00