Laserfiche WebLink
CG 71 98 02 15 <br />b. The Each Product Recall Limit shown above is the most we will pay, subject to the Aggregate and $1,000 <br />deductible, for "product recall expense" you incur for any one "product recall' you initiate during the <br />endorsement period. <br />$25,000 is the most we will pay for "customer consequential loss of profit expense" for any one "product recall'. <br />$25,000 is the most we will pay for 'loss of your profit" for any one "product recall' <br />We will only pay for the amount of Product Recall Expenses which are in excess of the deductible amount. The <br />deductible applies separately to each Product Recall. The limits of insurance will not be reduced by the amount <br />of this deductible. <br />We may, or will if required by law, pay all or any part of any deductible amount. Upon notice of our payment of a <br />deductible amount, you shall promptly reimburse us for the part of the deductible amount we paid. <br />10. Aggregate Limits of Insurance (Per Location) <br />The General Aggregate Limit applies separately to each of your 'locations" owned by or rented to you or <br />temporarily occupied by you with the permission of the owner. <br />"Location" means premises involving the same or connecting lots, or premises whose connection is interrupted <br />only by a street, roadway, waterway or right-of-way of a railroad. <br />11. Aggregate Limits of Insurance (Per Project) <br />The General Aggregate Limit applies separately to each of your projects away from premises owned by or rented <br />to you. <br />12. With respects to the insurance afforded to additional insureds afforded coverage by items 5 through 10 of <br />SECTION II — WHO IS AN INSURED above, the following is added: <br />The most we will pay on behalf of the additional insured is the amount of insurance: <br />a. Required by the contract or agreement; <br />b. Available under the applicable Limits of Insurance shown in the Declarations; <br />Whichever is less. <br />This endorsement shall not increase the applicable Limits of Insurance shown in the Declarations. <br />13. Subject to 5, of SECTION III — LIMITS OF INSURANCE, a $10,000 'occurrence" limit and a $25,000 <br />"aggregate" limit is the most we will pay under Coverage A for damages because of "property damage" covered <br />under Coverage D - Voluntary Property Damage Coverage. <br />For the purposes of this Voluntary Property Damage Coverage, our right and duty to defend ends when <br />we have paid the Limit of Liability or the Aggregate Limit for this coverage. <br />14. Subject to 5. of SECTION III — LIMITS OF INSURANCE, a $50,000 'occurrence" limit and a $100,000 <br />"aggregate" limit is the most we will pay under Coverage E - Care, Custody and Control Cov a regardless <br />of the number of: W�� <br />a. Insureds; ?10 11 <br />b. Claims made or "suits" brought; or <br />c. Persons or organizations making claims or bringing "suits". <br />Deductible - Our obligation to pay damages on your behalf applies only to t amounaf� A4 r9NOcess of <br />$500. PDX. <br />This deductible applies to all damages because of "property damage" as the result of any one 'occurrence" <br />regardless of the number of persons or organizations who sustain damages because of that 'occurrence". <br />We may pay any,part or all of the deductible amount to effect settlement of any claim or "suit' and upon <br />notification of the action taken, you shall promptly reimburse us for such part of the deductible amount as has <br />been paid by us. <br />CG 71 98 02 15 Includes copyrighted material of Insurance Services Office, Inc., with its permission. Page 9 of 12 <br />