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Business Auto Policy <br />MGT of America, Inc. Policy 2093563501 <br />SECTf0N IV- BUSINESS AUTO CONDMoNS (1) Promptly notify the police it the covered <br />The following conditions apply In addition to the <br />Common Policy Conditions: .auto' or any of its equipment Is stolen. <br /> <br />A. Lose Conditions (2) Take all reasonable steps to protect the <br />covered 'auto' from further damage. <br />1. Appraisal For Physical Damage Loss Also keep a record of your expenses for <br />If you and we disagree on the amount of 'loss,. claismrdaratlon in the settlement of the <br />either may demand an appralsal of the 'loss.' In <br />this event, each party will select a competent (3) Permit us to inspect the covered 'auto' <br />appraiser. The two appraisers will select a and records proving the loss' before its <br />competent and impartial umpire. The appraisers repair or disposition. <br />will stale separately the actual cash value and (4) Agree to examinations under oath at <br />amount of 'loss.' If they fail to ogres, they will our request and give us a signed <br />submit their differences to the umpire. A statement of your answers, <br />decision agreed to by any two will be binding. <br />Each party will: 3. Legal Action Against Us <br /> <br />a. Pay its chosen appraiser; and No one may bring a legal action against us <br /> under this Coverage Form until: <br />b. &ear the other expenses of the appraisal <br />and umpire equally a. There has been full compliance with all the <br />. terms of this Coverage Form; and <br />If we submit to an appraisal, we will still retain <br />our right to deny the claim b. Under Liability Coverage, we agree in <br />. writing that the 'insured' has an obligation <br />2. Duties In ih® Event Of Accident, Cfaim, Suit to pay or until the amount of that obligation <br />Or Loss has finally been determined by judgment <br />We have no duty to provide coverage under this after trial. No one has the right under this <br />policy unless there has been full compliance Policy to bring us into an action to <br />with the following duties: determine the'Insured's' liability. <br />a. In the event of 'accident,- claim, 'suit' or 4• Lass Paymwd-Physical Damage Coverages <br />loss,' you must give us or our authorized At our option we may. <br />representative prompt notice of the <br />'accident' or 'loss,, Include; a. Pay for, repair or replace damaged or stolen <br /> <br />(1) How, when and where the 'accident' or <br />'loss' occurred; Property; <br />b. Return the stolen property, at our expense. <br /> We will pay for any damage that results to <br />(2) The "Insureds' name and address; and the *auto' from the theft; or <br />(3) To the extent possible, the names and o. Take all or any part of the damaged or <br />addresses of any injured persons and stolen property at an agreed or appraised <br />witnesses. value. <br />b. Additionally, you and any other involved <br />' It we pay for the loss; our payment will include <br />insured' must: the applicable sales tax for the damaged or <br />(1) Assume no obligation, make no stolen properly. <br />Payment or Incur no expense without 6. Transfer 01 Rights Of Recovery Against <br />our consent, except at the 'insurer's' Others To Us <br />own cast. <br />(2) Immediately send us copies of arty It any person or organization to or for whom we <br />make payment under this Coverage Form has <br />request, demand, order, notice, <br />summons or le <br />l rights to recover damages from another, those <br />ht <br />ri <br />ga <br />paper received <br />concerning the claim or'sutt.' g <br />s are transferred to us. That person or <br />organization must do everything necessary to <br />c (3) Cooperate with us in the Investigation secura our rights and must do nothing after <br />' <br />r? or settlement of the claim or defense accident <br />or loss' to impair them, <br />o against the "suet.' B. General Conditions <br />(4) Authorize us to obtain medical records 1• Bankruptcy <br />or other pertinent information. <br />Bankruptcy or insolvency of the 'ensured' or the <br />(5) Submit to examination, at our expense, <br />by physluians of our choice, as often as 'ensured's' estate will not relieve us of any <br />obligations under ibis Covera <br />e Form <br /> <br />_ we reasonably require. g <br />. <br />2. Conoaafinent, Miarepresenlation Or Fraud <br />c. 11 there is loss' to a covered 'auto' or Its <br />equipment you must also do the followin This Coverage Form is void in any case of fraud <br />g: by you at any time as It rotates to this Coverage <br />CA 000103 05 Copyright, ISO Properties, Inc„ 2005 <br />Pegs 70f 11