Decarla's Beauty Salon 9/28/2020

98-C6-F927-8 009122 M 9109 FE-8724 Page 1 of 4 FE-8724 INLAND MARINE CONDITIONS (Washington) Coverage in the Inland Marine Form is primary to more than their financial interest in the any coverage provided in the policy this Form is covered property; attached to, for the same property. d. We may elect to defend you, at our ex- The following Conditions also apply: pense, against suits arising from claims of 1. When used in this policy or in any endorse- owners of property; ment attached to this policy, the term "re- e. We will pay for covered loss within 30 placement cost" means the cost to replace the days after we receive the sworn statement lost or damaged property with new property of of loss, if: similar kind and quality and used for the same (1) You have complied with all of the purpose. terms of this policy; and 2. Agreement. We agree to provide the insur- (2) We have reached agreement with you ance described in this policy. You agree to pay We have reached agreement with you premiums when due and comply with the pro- on the amount of loss or an appraisal visions of this policy. award has been made. 3. Definitions. Throughout this policy, the 6. Duties in the Event of Loss. You must see that the following words "you" and "your" refer to the Named In- are done in the event of loss sured and any other person or organization to covered property: qualifying as a Named Insured under this pol- a. Give us prompt notice of the loss. Include icy. The words "we", "us" and "our" refer to the a description of the lost or damaged prop- Company providing this insurance. erty in the notice; 4. Valuation. The value of covered property will b. As soon as possible, give us a description be determined based on the provisions in the of how, when and where the loss oc- applicable coverage form attached. curred; 5. Loss Payment. In the event of loss covered c. Take all reasonable steps to protect the by this policy: covered property from further damage by a. We will give notice, within 30 days after an insured loss. If feasible, set the possi- wedam- receive the sworn statement of loss, of dam- aged property aside and in the best our intent to settle the loss according to ble order for examination. Also keep a one o the following methods: record of your emergency and temporary repair expenses for consideration in the (1) Pay the value of lost or damaged settlement of the claim. This will not in- property as determined in the Valua- crease the limit of insurance; tion Condition shown in the applicable d. At our request, coverage form; give us complete invento- ries of the damaged and undamaged (2) Pay the cost of replacing or repairing property. Include quantities, costs, values the lost or damaged property, plus any and amount of loss claimed; reduction in value of repaired items; e Permit us to inspect the property and rec- (3) Take all or any part of the property at ords proving the loss; an agreed or appraised value; or f. If requested, permit us to question you (4) Repair, rebuild or replace the property under oath at such times as may be rea- with new property of like kind and sonably required about any matter relating quality; to this insurance or your claim, including b. We will not pay you more than your finan- your books and records. In such event, cial interest in the covered property; your answers must be signed; c. We may adjust losses with the owners of g. Send us a signed, sworn statement of loss lost or damaged property if other than you. containing the information we request to If we pay the owners, such payments will settle the claim. You must do this within 60 satisfy your claims against us for the own- days after our request. We will supply you ers' property. We will not pay the owners with the necessary forms; ©, Copyright, State Farm Mutual Automobile Insurance Company, 2011 CONTINUED