Forterra NW 12/16/2020 - Laserfiche WebLink

(3) When this insurance is excess over other 7. Separation Of Insureds insurance, we will pay only our share of Except with respect to the Limits of Insurance, and the amount of the loss, if any,that exceeds any rights or duties specifically assigned in this the sum of: Coverage Part to the first Named Insured, this in- (a) The total amount that all such other surance applies: insurance would pay for the loss in the a. As if each Named Insured were the only absence of this insurance; and Named Insured; and (b) The total of all deductible and self- b. Separately to each insured against whom insured amounts under all that other claim is made or"suit"is brought. insurance. 8. Transfer Of Rights Of Recovery Against Others (4) We will share the remaining loss, if any, To Us with any other insurance that is not de- scribed in this Excess Insurance provision If the insured has rights to recover all or part of any and was not bought specifically to apply in payment we have made under this Coverage Part, excess of the Limits of Insurance shown in those rights are transferred to us. The insured the Declarations of this Coverage Part. must do nothing after loss to impair them. At our request, the insured will bring "suit" or transfer c. Method Of Sharing those rights to us and help us enforce them. If all of the other insurance permits contribu- 9. When We Do Not Renew tion by equal shares,we will follow this method also. Under this approach each insurer con- If we decide not to renew this Coverage Part, we tributes equal amounts until it has paid its ap- will mail or deliver to the first Named Insured plicable limit of insurance or none of the loss shown in the Declarations written notice of the remains,whichever comes first. nonrenewal not less than 30 days before the expi- ration date. If any of the other insurance does not permit contribution by equal shares,we will contribute If notice is mailed, proof of mailing will be sufficient by limits. Under this method, each insurer's proof of notice. share is based on the ratio of its applicable SECTION V—DEFINITIONS limit of insurance to the total applicable limits 1. "Advertisement" means a notice that is broadcast of insurance of all insurers. or published to the general public or specific mar- 5. Premium Audit ket segments about your goods, products or serv- a. We will compute all premiums for this Cover- ices for the purpose of attracting customers or age Part in accordance with our rules and rates. supporters. For the purposes of this definition: b. Premium shown in this Coverage Part as ad- a. Notices that are published include material vance premium is a deposit premium only. At placed on the Internet or on similar electronic the close of each audit period we will compute means of communication;and the earned premium for that period and send b. Regarding web-sites, only that part of a web- notice to the first Named Insured. The due site that is about your goods, products or date for audit and retrospective premiums is services for the purposes of attracting custom- the date shown as the due date on the bill. If ers or supporters is considered an advertise- the sum of the advance and audit premiums ment. paid for the policy period is greater than the 2. "Auto"means: earned premium, we will return the excess to the first Named Insured. a. A land motor vehicle, trailer or semitrailer de- signed for travel on public roads, including any c. The first Named Insured must keep records of attached machinery or equipment;or the information we need for premium compu- tation, and send us copies at such times as we b. Any other land vehicle that is subject to a may request. compulsory or financial responsibility law or other motor vehicle insurance law in the state 6. Representations where it is licensed or principally garaged. By accepting this policy,you agree: However, "auto" does not include "mobile equip- a. The statements in the Declarations are accu- ment". rate and complete; 3. "Bodily injury" means bodily injury, sickness or b. Those statements are based upon represen- disease sustained by a person, including death re- tations you made to us; and suiting from any of these at any time. c. We have issued this policy in reliance upon your representations. CG 00 01 12 07 ©ISO Properties,Inc.,2006 Page 11 of 14