Laserfiche WebLink
Inland Marine <br />COMMERCIAL INLAND MARINE CONDITIONS <br /> <br />1. Notify the police if a law may have been broken. <br />GENERAL EXCLUSIONS <br />2. Give us prompt notice of the Ðloss.Ñ Include a <br /> <br />description of the property involved. <br />We do not cover loss resulting directly or indirectly <br />3. As soon as possible, give us a description of <br />from: <br />how, when and where the ÐlossÑ occurred. <br />1. War, including undeclared war, civil war, <br />4. Take all reasonable steps to protect the Covered <br />insurrection, rebellion, revolution, warlike act by <br />Property from further damage. If feasible, set <br />a military force or military personnel, <br />the damaged property aside and in the best <br />destruction or seizure or use for a military <br />possible order for examination. Also keep a <br />purpose, and including any consequence of any <br />record of your expenses, for consideration in the <br />of these. Discharge of a nuclear weapon shall <br />settlement of the claim. <br />be deemed a warlike act even it accidental. <br />5. Make no statement that will assume any <br />2. Nuclear Hazard meaning any nuclear reaction, <br />obligation or admit any liability, for any ÐlossÑ for <br />radiation or radioactive contamination, all <br />which we may be liable, without our consent. <br />whether controlled or uncontrolled or however <br />6. Permit us to inspect the property and records <br />caused, or any consequence of any of these. <br />proving Ðloss.Ñ <br />a) Loss caused by the nuclear hazard shall <br />not be considered loss caused by fire, 7. If requested, permit us to question you under <br />explosion, or smoke, whether these perils oath, at such times as may be reasonably <br />are specifically named in or otherwise required, about any matter relating to this <br />included within the Perils Insured Against insurance or your claim, including your books <br />and Limitations. and records. In such event, your answers must <br />b) This policy does not apply to loss caused be signed. <br />directly or indirectly by nuclear hazard, 8. Send us a signed, sworn statement of ÐlossÑ <br />except that direct loss by fire resulting from containing the information we request to settle <br />the nuclear hazard is covered. the claim. You must do this within 60 days after <br />our request. We will supply you with the <br />LOSS CONDITIONS <br />necessary forms. <br />9. Promptly send us any legal papers or notices <br />A. ABANDONMENT <br />received concerning the Ðloss.Ñ <br />There can be no abandonment of any property to <br />10. Cooperate with us in the investigation or <br />us. <br />settlement of the claim. <br />B. APPRAISAL <br />D. INSURANCE UNDER TWO OR MORE <br />COVERAGES <br />If we and you disagree on the value of the property <br />or the amount of Ðloss,Ñ either may make written <br />If two or more of this Coverage PartÓs coverages <br />demand for an appraisal of the Ðloss.Ñ In this event, <br />apply to the same Ðloss,Ñ we will not pay more than <br />each party will select a competent and impartial <br />the actual amount of the Ðloss.Ñ <br />appraiser. The two appraisers will select an <br />E. LOSS PAYMENT <br />umpire. If they cannot agree, either may request <br />that selection be made by a judge of a court having <br />We will pay or make good any ÐlossÑ covered under <br />jurisdiction. The appraisers will state separately the <br />this Coverage Part within 30 days after: <br />value of the property and amount of Ðloss.Ñ If they <br />fail to agree, they will submit their difference to the 1. We reach agreement with you; <br />umpire. A decision agreed to by any two will be 2. The entry of final judgment; or <br />binding. Each party will: 3. The filing of an appraisal award. <br />1. Pay its chosen appraiser, and We will not be liable for any part of a ÐlossÑ that has <br />2. Bear the other expenses of the appraisal and been paid or made good by others. <br />umpire equally. <br />If there is an appraisal, we will still retain our right to <br />deny the claim. <br /> <br />C. DUTIES IN THE EVENT OF LOSS <br />You must see that the following are done in the <br />event of ÐlossÑ to Covered Property: <br />S5003(7/96) Page 1 of 2 <br /> <br />