Laserfiche WebLink
SECTION 11 —WHO IS AN INSURED <br />Item 4. is replaces with: <br />4. Any subsidiaries, companies, corporations, firms, or organizations you acquire or form during the policy <br />period over which you maintain a controlling interest of greater than 50% of the stock or assets, will qualify as <br />a Named Insured If: <br />a) you have the responsibility of placing insurance for such entity; and <br />b) coverage for the entity Is not otherwise more specifically provided; and <br />c) the entity is incorporated or organized under the laws of the United States of America. <br />However; coverage under this provision does not apply to "bodily injury" or `property damage" that <br />occurred before you acquired or formed the entity, or 'personal Injury" or "advertising Injury" arising out of <br />an offense committed before you acquired or forted the entity. <br />Coverage under this provision Is afforded only until the and of the policy period, or the twelve (12) month <br />anniversary of the policy Inception date whichever Is earlier. <br />SECTION III — LIMITS OF INSURANCE <br />Paragraph 2. is amended to Include: <br />The General Aggregate Limit of Insurance applies separately to each 'location" Owned by you, rented to you, or <br />occupied by you with the permission of the owner. <br />Paragraph 6. Is replaced with the folk„ving: <br />6. Subject to 5. above, the Fire Damage Limit is the most we will pay under Coverage A for damages because of <br />°property damage" to premises while rented to you, temporarily oocupled by you with permission of the owner, <br />or managed by you under a written agreement with the owner, arising out of any one fire, explosion or <br />sprinkler leakage incident. <br />The Fire Damage Limit provided by this policy shall be the greater of: <br />a. $500,000 or <br />b. The amount shown in the Declarations. <br />SECTION IV — COMMERCIAL GENERAL LIABILITY CONDITIONS <br />Item 2. a. is replaced with: <br />2. Duties In The Event of Occurrence, ONense, Claim or Sult <br />a. You must promptly notify us. Your duty to promptly notify us is effective when any of your executive <br />officers, partners, members, or legal representatives is aware of the "occurrence ", offense, claim, or "suit". <br />Knowledge of an °occurrence ", offense, claim or "suit° by other employee(s) does not Imply you also have <br />such knowledge. To the extent possible, notice to us should include: <br />1) How, when and where the "occurrence" or offense took place; <br />2) The names and addresses of any Injured persons and witnesses; and <br />3) The nature and location of any Injury or damage arising out of the "occurrence ", offense, claim or <br />"suit ". <br />Item 4, b. 1) b) is replaced with: <br />b. Excess Insurance <br />1) b) That is Fire, Explosion or Sprinkler Leakage insurance for premises while rented to you, <br />temporarily occupied by you with permission of the owner, or managed by you under a written <br />agreement with the owner, or <br />Item 6. is amended to Include: <br />G. Representations <br />d. If you unintentionally fall to disclose any hazards exlsting at the inception date of your policy, we will not <br />deny coverage under this Coverage Part because of such failure. However, this provision does not affect <br />our right to collect additional premium or exercise our right of cancellation or non- renewal. <br />InCludee copyrighted material of Insurance services Offices Inc., with Its pem- 0sston. <br />GECG 970 (01/1'1) Page 2 Of 4 <br />