Laserfiche WebLink
that are in excess of the applicable limit of insurance, <br />Anagreed settlement means asettlement andns|eese <br />o[liability signed byus, the insured and the claimant o/ <br />the claimant's legal representative. <br />4. Other Insurance <br />If other valid and collectible insurance is available to <br />the insured for a loss we cover under Coverages A or <br />B of this Coverage Part, Our obligations are limited as <br />a. Primary Insurance <br />This insurance is primary except when t. below <br />applies. If other insurance is also phmary, we will <br />share with all that other insurance by the method <br />described in c. below, <br />b. Excess Insurance <br />This insurance is excess over any of the other <br />msunsnce, whether primary, exoeea, contingent or <br />onany other baein� <br />(1) 9ourVVorh <br />That is Fire, Extended Coverage, Builder's Risk, <br />Installation Risk or similar coverage for 'your <br />wmdk'� <br />. <br />(2) Premises Rented To You <br />That is fine, lightning or explosion insurance for <br />premises rented k»you or temporarily occupied <br />byyou with permission ofthe mwner�. <br />(3) Tenant Liability <br />That is insurance purchased by you to cover <br />your liability amatenant for "property damage" <br />to premises rented to you or temporarily <br />occupied byyou with permission ofthe mwner� <br />(4)Aircraft, Auto OrWatercraft <br />If the loss arises out of the maintenance or use <br />of aircraft, "autos" or watercraft to the extent nN <br />subject toExclusion g, of Section |—Covexage <br />A—Bodily Injury And Property Damage Liob||ity� <br />(5) Property Damage bzBorrowed Equipment Or <br />Use Of Elevators <br />If the |oee arises out of "property damage" to <br />borrowed equipment or the use of elevators to <br />the extent not subject hoExclusion j.ofSection | <br />- Coverage A - Bodily Injury And Property <br />DamageUabi|ity, <br />(6) When You Are Added As An Additional <br />Insured TpOther Insurance <br />Any other insurance available to you covering <br />liability for damages arising out of the premises <br />or operabonm, or products and completed <br />openationa, for which you have been added as <br />nnadditional insured bythat inauranoe�or <br />(7)When You Add Others As An Additional <br />Insured ToThis Insurance <br />Any other insurance available to an additional <br />insured, <br />Hmwever, the following provisions apply to other <br />insurance available to any person or <br />organization who is an additional insured under <br />this coverage part. <br />(s) Primary Insurance When Required By <br />Contract <br />This insurance iaprimary ifyou have agreed <br />in a written contract or written agreement <br />that this insurance be primary. If other <br />insurance is also phmary, we will share with <br />all that other insurance by the method <br />described in o. below, <br />(b) Primary And Non -Contributory To Other <br />Insurance When Required By Contract <br />If you have agreed in a written oontnact, <br />written aQneement, or permit that this <br />insurance is primary and non-contributory <br />with the additional ineured'emwn inauranna, <br />this insurance is primary and we will not <br />seek contribution from that other insurance, <br />Paragraphs (a) and (b) dm not apply <br />insurance to which the additional insured has <br />been added ananadditional insured. <br />When this insurance is exoeas, we will have no <br />duty under Coverages AorBhzdefend the insured <br />against any ''suit" if any other insurer has a duty to <br />defend the insured against that ''yui1"If no other <br />insurer defends, we will undertake to do mo but we <br />will be entitled to the insured'a rights against all <br />those other insurers. <br />When this insurance is excess over other <br />insurance, wewill pay only our share ofthe amount <br />ofthe loss, |yany, that exceeds the sum of, <br />(1) The total amount that all such other insurance <br />vvuu|d pay for the |uas in the absence of this <br />insurance; and <br />(2) The total of all deductible and self-insured <br />amountsunder all that other insurance, <br />We will share the remaining |ume, if any, with any <br />other insurance that ienot described in this Excess <br />Insurance provision and was not bought specifically <br />to apply inexcess ofthe Limits of Insurance shown <br />in the Declarations ofthis Coverage Part, <br />c. Method Of Sharing <br />|fall ofthe other insurance permitacontribution by <br />equal shares, wewill follow this method also, Under <br />this approach each insurer contributes equal <br />amounts until it has paid its applicable limit of <br />insurance or none of the loss remains. whichever, <br />REVIEWED BY: EUNICEHEREDIA(PG OF", <br />