COASTLINE EQUIPMENT (BRAGG INVESTMENT COMPANY, INC.)

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D. Deductible We will not pay for loss or damage in any occurrence until the amount of the adjusted loss or damage before applying the applicable Limits of Insurance exceeds the deductible shown in the Declarations. We will then pay the amount of the adjusted loss or damage in excess of the deductible, up to the applicable Limit of Insurance. We may pay all or part of any deductible to settle the loss or damage to Covered Property in your care, custody or control to which this insurance applies. If this occurs, you must reimburse us for all or the portion of the deductible we have paid. 2. Glass Deductible Regardless of the amount of the deductible, the most we will deduct from any loss to covered building glass in any one occurrence is $250. This deductible will not increase the deductible shown in the Declarations. This deductible will be used to satisfy the requirement of the deductible shown in the Declarations. E. Additional Conditions 1. Valuation General Condition F. Valuation in the Commercial Inland Marine Conditions is replaced by the following: The value of Covered Property will be determined at the time of loss or damage. In the event of loss or damage to Covered Property by a Covered Cause of Loss, the value will be the least of the following amounts: a. For loss or damage to your stock of machinery, watercraft, equipment or other property held for sale, or for loss or damage to your stock of property you lease or rent to others, we will not pay more than the smaller of: (1) The actual cash value of the property; (2) Whether or not repairs are made, the repair percentage shown in the Declarations multiplied by the average retail cost in your area for parts plus your labor costs based on your average retail labor rates needed to restore that property to its condition immediately before the loss or damage occurred; or (3) The cost of replacing that property with substantially identical property. b. For sold property, the value of property sold but not delivered will be the smaller of: (1) Your net selling price after all allowances or discounts; or (2) Whether or not repairs are made, the repair percentage shown in the Declarations multiplied by the average retail cost in your area for parts plus your labor costs based on your average retail labor rates needed to restore that property to its condition immediately before the loss or damage occurred. c. For the following types of Covered Property which you own, rent or lease from others for use in your business: (1) Machinery, watercraft, tools and fittings, excluding stock or equipment held for sale, lease or rent; (2) Furniture, fixtures office equipment and office supplies; (3) Patterns, dies, molds and models; (4) Data processing equipment; and (5) Outdoor fixtures; The most we will pay is the smaller of: (1) The cost to repair or restore that property to its condition immediately before the loss or damage occurred; or (2) The cost of replacing that property with substantially identical property. We will not pay on a replacement cost basis for loss or damage until you repair or replace the lost or damaged property and unless the repair or replacement is made as soon as reasonably possible after the loss or damage occurs. You may make a claim for the loss or damage covered by this insurance on an actual cash value basis if you decide not to repair or replace the damaged property. You may still repair or replace that property and make a claim for the difference between the actual cash value and the repair or replacement cost if the claim for the additional cost is made within 180 days of the date the loss or damage occurs. d. For loss or damage to Covered Property of others, other than property you lease or rent from others for use in your business, the most we will pay is the smaller of: (1) The actual cash value of that property plus the value of your labor and materials; CM 88 00 01 15 Includes copyrighted material of Insurance Services Office, Inc. 2425473 with its permission. Sentry Select Insurance Company 00007 0000000000 23265 0 N fe6feab7-519a4f0b-899e-98d856985797 Ala htff" wdIXvIslan ; ' FlEm o & Arraovm Or`j 'f A+j-Li A ®. ® Risk Management Spedkist