IMAGEWARE 1C-2002 - Laserfiche WebLink

Home Browse Search

10-07-20{)3 10: 18 AM . . . (c) ThBt is insurance purchased by you to cover your liability as a tenant for "property damage" to premises rBnted to you or temporarily occupied by you with permission of the owner; or (d) If the loss Brises out of the maintenance or use of aircraft, "autos" or watercraft to the extent not subject to Excluslon g. of Section 1- Coverage A - Bodily Injury And Property Damage Llabliity. (2) Any other primary insurance available to you covering liability for damages arising out of the premises or op- erations for which you have been added as Bn additional insured by attachment of an endorsement. When this insurance is excess, we will have no duty under Coverages A or B to defend the insured against Bny "sutt" W any other Insurer has a duty to defend the Insured against thai "sutt". If no other Insurer defends, we will undertake to do so, but We will be entitled to the insured's rights against all those other insurers. When this insuranCB is excess over other insurance, we will PBY only our share of the amount of the loss, if any, that exceeds the sum of: (1) The total amount that ali such other Insurance would pay for the loss in the absence of this insurance: and (2) The total of BII deductible and self-Insured Bmounts under all that other insurance. We will share the remaining loss, If any, with any other insurance that is not described in this Excess Insur- anCe provision and was not bought specWically to apply in excess of thB Limits of Insurance shown In the Declarations of this Coverage Part. c. Method Of Sharing If all of the other insurance permits contribution by equal shares, we will foliDW this method also. Under this approach each insurer contributes equal amounts until it has paid its applicable IImtt of InsurBnce or none of the loss remains, whichever comes first. If any of the other Insurance does not permtt contribution by equal shares, we will contribute by limits. Under this method, eBch Insurer's share is basBd on the ratio of its applicable limtt of insurance to the total appli- cable limits of insurBnce of BII insurBrs. 5. Premium Audit a. We will compute BII premiums for this Coverage Part In accordance with our rules and rates. b. Premium shown in this Coverage Part as advance premium Is a depostt premium only. fJd the close of each audit period wa will computa the earned premium for that period. Audtt premiums are due and payable on notice to tha first Named Insured. If the sum of thB advance and audtt premiums paid for the policy period is greater than the eamed premium, we will retum the excess to the first Namecllnsured. c. The first Named Insured must keep records of the information we need for premium computation, and send us copies at such tlmBs BS we may request. 6. Representations By accepting this policy, you agree: \-..A/./ a. The stBtemBnts in the Declarations arB Bccurate and complete; rq'lt.e.. . .dr.. " 4~ b. Those statements arB based upon rBprBsBntatlons you made to us; and ...7 c. We have Issued this policy in reliance upon your rBpresentatlons. 7. Separation Of Insureds Except with respect to the Limits of Insurance, and any rights or duties specifically assigned in this Coverage Part to the first Named Insured, this insurancB Bpplies: a. As if each Named Insured WBre thB only Named Insured; and b. Separately to each insured against whom claim is made or "sutt" is brought. 8. Transfer Of Rights Of Recovery Against Others To Us If the insured has rights to recover all or part of any payment we have made under this Coverage Part, those rights are trBnsferred to us. The insured must do nothing after loss to Impair them. At our rBquest, the insured will bring .suit" or transfer those rights to us and hBlp us enforce them. 9. When We 00 Not Renew If we decide not to renew this Coverage Part, we will mail or deliver to the first Named Insured shown in the Declarations written notlcB of thB nonrenewal not less than 30 days before the expIration date. If notice is mailed, proof of mailing will be sufficient proof of notice. COMMERCIAL GENERAL LIABILITY Copyright, Insurance SeMc.. Office. Ino.. 1997 CG 00 01 07 88