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OVERDRIVE INC. - 2018
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OVERDRIVE INC. - 2018
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Last modified
4/23/2021 3:24:15 PM
Creation date
3/12/2018 1:12:01 PM
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Contracts
Company Name
OVERDRIVE INC.
Contract #
A-2018-039
Agency
PARKS, RECREATION, & COMMUNITY SERVICES
Council Approval Date
2/20/2018
Expiration Date
2/28/2021
Insurance Exp Date
6/9/2021
Destruction Year
2026
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7. PROPERTY DAMAGE - BORROWED EQUIPMENT COVERAGE <br />a. Paragraph (4) of Exclusion j. `Damage To Property" of SECTION I - COVERAGE A. BODILY <br />INJURY AND PROPERTY DAMAGE LIABILITY does not apply to "property damage" to <br />equipment you borrow that is not being used at a job site. <br />b. The insurance provided by this paragraph for Borrowed Equipment is excess over any other valid <br />and collectible property or similar type insurance available to the insured, including any <br />deductible amounts. <br />8. FIRE, SMOKE, LIGHTNING, EXPLOSION OR WATER DAMAGE COVERAGE <br />The last paragraph ("Exclusions c. through n. do not apply...") of Paragraph 2., of Exclusions under <br />SECTION I - COVERAGE A — BODILY INJURY AND PROPERTY DAMAGE LIABILITY is <br />replaced by the following: <br />Exclusions c. through o. do not apply to damage by fire, smoke, lightning, explosion or water damage <br />to premises while rented to you or temporarily occupied by you with permission of the owner. A <br />separate limit of insurance applies to this coverage as described in SECTION 111 - LIMITS OF <br />INSURANCE. The limit of insurance is amended to the greater of: <br />(1) $1,000,000 any one premises; or <br />(2) The Damage To Premises Rented To You Limit shown in the Declarations. <br />Paragraph b.(1) (b) of Condition 4. "Other Insurance" of SECTION IV — CONDITIONS is replaced by <br />the following: <br />(b) That provides fire, smoke, lightning, explosion or water damage insurance for premises rented to <br />you or temporarily occupied by you with permission of the owner; or <br />The insurance provided by this paragraph for Fire, Smoke, Lightning, Explosion Or Water Damage <br />Coverage does not apply if the words "Not Covered- are shown in the Damage To Premises Rented <br />To You Limit in the Declarations. <br />9. BROADENED NEWLY ACQUIRED OR FORMED ORGANIZATIONS COVERAGE <br />Paragraph 3.a. of SECTION II - WHO 1S AN INSURED is replaced by the following: <br />a. Coverage under this provision is afforded until the end of the policy period; <br />10. BROAD FORM NAMED INSURED COVERAGE <br />SECTION II - WHO IS AN INSURED is amended to include as an insured: <br />Any organization and subsidiary thereof which is a legal entity of which you own with a financial <br />interest of more than 50% of the voting stock. However, this insurance does not apply to: <br />(1) "Bodily injury", "property damage" or "personal and advertising injury' with respect to which an <br />insured under this Coverage Part is also an insured under another policy, or would be an insured <br />under such policy but for its termination or the exhaustion of its limits of insurance; <br />(2) "Bodily injury" or "property da�ga'„ik�t pcpur�Voglgre you acquired or formed the <br />organization; or By Risk AN O AE li iStU <br />By Risk MgNAGEMENT DIVISION <br />(3) "Personal and advertising injury' arising out of an offense committed before you acquired or <br />formed the organization. 1" 2020 <br />GL9 04 O71 07 16 ©T rine ant Inc., 2016 Page 3 of 7 <br />Includes copyrighted material of InsuSgffice, Inc., with its permission <br />Inswea r"ur <br />
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