ACE PARKING MANAGEMENT 1A-2005 - Laserfiche WebLink

Home Browse Search

Endorsement Dale Issued OCTOBER 20,2005 Insured ACE PARKING MANAGEMENT, INC. ParleY No. Effective Date 3577-64-81 NOVEMBER 01, 2005 Name of Company FEDEUL INSUllANCE COIIP AllY Producer JOBll BIlRNlLIlI & COMP AllY UNDER GENERAL LIABILITY CONDITIONS, THE FOLLOWING CONDITION IS ADDED: Other Insurance - Primary Additional Insured: If you agree, in a written contract, agreement or permit, to provide primary insurance for any person or organization included in Who Is An Insured, this Other Insllrance - Primary Additional msured condition applies. If other valid and colJectible insurance is available to the insured for loss we would otherwise cover under this insurance, our obligations are limited as follows. Primary Insurance. This insurance is primary. We will not seek contributions from any other insurance available to the person or organization with whom you agree to include in Who Is An Insured, except when the Excess Insurance provision applies. Excess Insurance. This insurance is excess over any other insurance, whether primary, excess, contingent or on any other basis: A. that is Fire, Extended Coverage, Builder's Risk, Installation Risk or similar insurance for your work;. B. that is insurance that applies to property damage to premises rented to you or temporarily occupied by you with permission of the owner; C. if the loss arises out of aircraft, autos or watercraft (to the extent not subject to the Aircraft, Autos Or Watercraft exclusion); D. that is insurance: 1. provided to you by any person or organization working under contract or agreement for you; or 2. under which you are included as an insured; or E. that is insurance under any Property section of this policy. When this insurance is excess, we will have no duty to defend the insured against any suit if any other insurer has a duty to defend such insured against such suit. Ifno other insurer defends, we will undertake to do so, but we will not be entitled to the insured's rights against all those other insurers. When this insurance is excess over other insurance, we will pay only our share of the amount of loss, if any, that exceeds the sum of the total: amount that all other insurance would pay for loss in the absence of this insurance; and if all deductible and self-insured amounts under all other insurance. We will share the remaining loss, if any, with any other insurance that is not described in this Excess Insurance provision and was not negotiated specifically to apply in excess of the Limits Of Insurance shown in the Declarations ofthis insurance. Method afSharing. If all ofthe other insurance permits contribution by equal shares, we will follow this method also. Under this method each insurer contributes equal amounts until it has paid its applicable limits of insurance or none of the loss remains. whichever comes first. If any of the other insurance does not permit contribution by equal shares, we will contribute by limits. Under this method., each insurer's share is based on the ratio of its applicable limits of insurance to the total applicable limits of insurance of all insurers. All other terms and conditions remain unchanged. *;-7 9/('- ,'J,) Y' / Form 80-02-2653 (Ed_ 4-01) Other lnsurance----Primary Additional Insured Endorsement