GeoTest Services Inc 9/12/2019 - Laserfiche WebLink

L. Claims Expenses In the event of covered loss or physical damage we will pay up to$10,000 in any one occurrence as an additional Limit of Insurance to cover reasonable expenses incurred by you at our specific request to assist us in: 1. The investigation of a claim or suit; or 2. The determination of the amount of loss, such as taking inventory, or auditing business records. M. Inventory Or Appraisal Cost We will pay up to$5,000 each occurrence for the cost of any inventory or appraisal required as a result of direct physical loss or damage to covered property caused by or resulting from a Covered Cause of Loss. N. Money And Securities 1. We will pay for loss of"money"and"securities"used in your business caused by"theft,"disappearance or destruction. The most we will pay for loss in any one"occurrence" under this coverage is: a. $10,000 for"money" and "securities"while inside the "premises" or a "banking premises." b. $5,000 for"money"and "securities"while in the care and custody of a "messenger." 2. Additional Exclusions Applicable to Money And Securities We will not pay for loss as specified below: a. Loss resulting from accounting or arithmetical errors or omissions; b. Loss resulting from the giving or surrendering of property in any exchange or purchase. a. Loss of property contained in any money operated device unless the amount of"money"deposited in it is recorded by a continuous recording instrument in the device. d. Loss resulting from any dishonest or criminal act committed by any of your "employees," directors, trustees or authorized representatives: (1) Acting alone or in collusion with other persons; or (2) While performing services for you or otherwise. e. Loss of property after it has been transferred or surrendered to a person or place outside the"premises"or"banking premises." (1) On the basis of unauthorized instructions; or (2) As a result of a threat to do: (a) Bodily harm to any person; or (b) Damage to any property. (3) But,this exclusion does not apply to loss of"money"and"securities"while outside the"premises"or"banking premises" in the care and custody of a"messenger" if you: (a) Had no knowledge of any threat at the time the conveyance began; or (b) Had knowledge of a threat at the time the conveyance began, but the loss was not related to the threat. f. Loss resulting from your,or anyone acting on your express or implied authority,being induced by any dishonest act to voluntarily part with title to or possession of any property. 3. Additional Conditions a. The reference to"money"and"securities"in Subparagraph A.2.a. Property Not Covered of the BUILDING AND PERSONAL PROPERTY COVERAGE FORM does not apply to the coverage provided by this form. b. You must keep records of all "money" and "securities" so we can verify the amount of loss or damage. O. Off Premises Power Failure—Direct Damage 1. With respect to coverage provided in this Additional Coverage — Off Premises Power Failure — Direct Damage, Exclusion B.1.e. of the CAUSES OF LOSS—SPECIAL FORM is deleted in its entirety and replaced as follows: e. Utility Services The failure of utility service(other than Power Supply Service)supplied to the described premises,however caused, if the failure occurs away from the described premises. Failure includes lack of sufficient capacity and reduction in supply. But if the failure of utility service results in a Covered Cause of Loss,we will pay for the loss or damage caused by that Covered Cause of Loss. This exclusion does not apply to the Business Income coverage or to Extra Expense coverage. Instead,the Special Exclusion in Paragraph B.4.a.(1) applies to these coverages. Page 14 of 25 Includes copyrighted material of Insurance Services Office, Inc.and MP 97 67 10 10 American Association of Insurance Services,Inc.,with their permission