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SB-300148-B (Ed. 01/08) Deductible (d) 'Take all reasonable steps to protect We will not pay for loss or damage in any one the covered "Fired auto" from furtherdamage. Also keep a record of your occurrence until the amount of loss or damage expenses for consideration the exceeds the $250 deductible for each covered settlement of the claim. auto, We will then pay the amount of loss or damage in excess of the deductible up to the (a) Permit us to inspect the covered applicable Limit of Insurance, "hired auto" and records proving the V. SECTION E. Businessowners General Liability "loss"before its repair or disposition. Conditions is deleted in its entirety and replaced with (f) Agree to examination under oath at the following, our request and give us a signed E. Conditions statement of your answers, 1. Loss Conditions c. Legal Action Against Us a. Appraisal No person or organization has a right under this policy: If you and we disagree on the amount of a. To join us as a party or otherwise foss, either may demand an appraisal of the bring us into a "suit" asking for 'loss.' In this event, each party will select a damages from an insured; or competent appraiser. The two appraisers will select a competent and impartial umpire. The b. To sue us on this policy unless all of appraisers will state separately the actual its terms have been fully complied cash value and amount of"loss." If they fall to with, agree, they will submit their differences to the A person or organization may sue us to umpire. A decision agreed to by any two will recover on an agreed settlement or on a be binding, Each party will, final judgment against an insured; but we (1) Pay its chosen appraiser; and will not be liable for damages that are not (2) Bear the other expenses of the appraisal payable under the terms of this policy or and umpire equally. If we submit to an that are in excess of the applicable limit of appraisal, we will still retain our right to insurance. An agreed settlement means a deny the claim, settlement and release of liability signed by us,the insured and the claimant or the If we submit to an appraisal,we will still retain claimant's legal representative, our right to deny the claim. d. Lass Payment b. Duties In the Event of Loss At our option we may: (1) In the event of "loss,"you must give us or (1) Pay for, repair, or replace damaged our authorized" representative prompt or stolen property; or notice of the loss. The notice shall include: (2) Return the stolen property at our (a) How, when and where the "loss" expense.We will pay for any damage occurred; and that results to the Ohlred auton from the theft; or (b) To the extent possible, the names (3) Take all or any part of the damaged and addresses of any injured persons or stolen property at an agreed or and witnesses. appraised value. (2) Additionally,you must: 2, General Conditions (a) Assume no obligation, make no a. Bankruptcy payment or incur no expense without our consent, except at your own cost. Bankruptcy or insolvency of the Named (b) Cooperate with us in the Insured or the Named Insured's estate investigation, settlement or defense will not relieve us of any obligations under of any"suit." this endorsement. (c) Promptly notify the police if the covered "hired auto" or any of its equipment is stolen. SB-300148-B Page 2 of 3 (Ed. 01/08)