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The amounts of insurance stated in the following Additional Coverages apply in accordance with the terms of such coverages and are separate from the Limit(s) Of Insurance shown in the Declarations for any other coverage: 1. Fire Department Service Charge; 2. Pollutant Clean-up And Removal; 3. Increased Cost Of Construction; and 4.Electronic Data. Payments under the Additional Coverage will Limit of Insurance. D. Deductible Preservation Of Property not increase the applicable In any one occurrence of loss or damage (here in after referred to as loss), we will first reduce the amount of loss if required by the Coinsurance Condition or the Agreed Value Optional Coverage. If the adjusted amount of loss is less than or equal to the Deductible, we will not pay for that loss. If the adjusted amount of loss exceeds the Deductible, we will then subtract the Deductible from the adjusted amount of loss and will pay the resulting amount or the Limit of Insurance, which ever is less. When the occurrence involves loss to more than one item of Covered Property and separate Limits of Insurance apply, the losses will not be combined in determining application of the Deductible. But the Deductible will be applied only once per occurrence. Example 1 (This example assumes there is no Coinsurance penalty.) Deductible: $ 250 Limit of Insurance — Building 1: $ 60,000 Limit of Insurance — Building 2: $ 80,000 Loss to Building 1: $ 60,100 Loss to Building 2: $ 90,000 The amount of loss to Building 1 ($60,100) is less than the sum ($60,250) of the Limit of Insurance applicable to Building 1 plus the Deductible. The Deductible will be subtracted from the amount of loss in calculating the loss payable for Building 1: $ 60,100 250 $ 59,850 Loss Payable — Building 1 The Deductible applies once per occurrence and therefore is not subtracted in determining the amount of loss payable for Building 2. Loss payable for Building 2 is the Limit of Insurance of $80,000. Total amount of loss payable: $59,850 + $80,000 = $139,850 Example 2 (This example, too, assumes there is no Coinsurance penalty.) The Deductible and Limits of Insurance are the same as those in Example 1. Loss to Building 1: $ 70,000 (Exceeds Limit of Insurance plus Deductible) Loss to Building 2: $ 90,000 (Exceeds Limit of Insurance plus Deductible) Loss Payable — Building 1: $ 60,000 (Limit of Insurance) Loss Payable — Building 2: $ 80,000 (Limit of Insurance) Total amount of loss payable: $140,000 E. Loss Conditions The following conditions apply in addition to the Common Policy Conditions and the Commercial Property Conditions 1. Abandonment There can be no abandonment of any property to us. 2. Appraisal If we and you disagree on the value of the property or the amount of loss, either may make written demand for an appraisal of the loss. In this event, each party will select a competent and impartial appraiser. The two appraisers will select an umpire. If they cannot agree, either may request that selection be made by a judge of a court having jurisdiction. The appraisers will state separately the value of the property and amount of loss. If they fail to agree, they will submit their differences to the umpire. A decision agreed to by any two will be binding. Each party will: a. Pay its chosen appraiser; and b. Bear the other expenses of the appraisal and umpire equally. If there is an appraisal, we will still retain our right to deny the claim. 3. Duties In The Event Of Loss Or Damage a. You must see that the following are done in the event of loss or damage to Covered Property: (1) Notify the police if a law may have been broken. Page 10 of 16 © Insurance Services Office,lnc., 2011 �oRaN } z RiskMmWmedDMsfan REVIEWED & APPROVED BY.- f R. VSA44a Risk Management Analyst