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SECTION ll —WHO iS AN INSURED <br />item 4. €s replaced with: <br />4. Any subsidiaries, companies, oorporatlons, 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 formed the entity. <br />Coverage under this provision is afforded only until the end of the policy period, or the twelve (12) month <br />anniversary of the policy inception date whichever Is earlier. <br />SECTION Ill — 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 following: <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 occupied by you w[th permission of the owner, <br />or managed by you under a tivritten 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. Dutlas In The Event of Occurrence, Offense, Claim or Suit <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 "sulY'. <br />Knowledge of an "occurrence ", offense, claim or "suit° by other amployee(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 antl witnesses; and <br />3) The nature and location of any fnJury or damage arising out of the "occurrence °, offense, claim or <br />°SUIt°. <br />Item 4. b. i) b) is replaced with: <br />b. Ext:ess 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 />t3. Representations <br />d. If you unintenflonally fail to disclose any hazards existing at the inception date of your policy, we will not <br />deny coverage under this Coverage Part because of such failure. However, this provision doss not affect <br />our right to collect add[tional premium or exercise our tight of cancellation or non - renewal. <br />Includes copyrighted material of Insurance Services Offices Inc., with Ifs permission. <br />GECG 970 (01/11) Page 2 of 4 <br />