Forterra NW 12/16/2020 - Laserfiche WebLink

b. Return the stolen property, at our expense. 5. Other Insurance We will pay for any damage that results to a. For any covered "auto"you own, this coy- the"auto"from the theft; or erage form provides primary insurance. c. Take all or any part of the damaged or For any covered "auto"you don't own,the stolen property at an agreed or appraised insurance provided by this coverage form value. is excess over any other collectible insur- If we pay for the "loss", our payment will once. However, while a covered "auto" include the applicable sales tax for the which is a "trailer"is connected to another damaged or stolen property. vehicle, the Liability Coverage this cov- erage form provides for the"trailer"is: 5. Transfer Of Rights Of Recovery Against Others To Us (l) Excess while it is connected to a motor vehicle you do not own. If any person or organization to or for whom we make payment under this coverage form (2) Primary while it is connected to a coy- has rights to recover damages from another, ered "auto"you own. those rights are transferred to us. That person b. For Hired Auto Physical Damage Cover- or organization must do everything necessary age, any covered "auto" you lease, hire, to secure our rights and must do nothing after rent or borrow is deemed to be a covered "accident"or"loss"to impair them. "auto" you own. However, any "auto"that B. General Conditions is leased, hired, rented or borrowed with a driver is not a covered "auto". 1. Bankruptcy c. Regardless of the provisions of Bankruptcy or insolvency of the "insured" or Paragraph a. above, this coverage form's the "insured's" estate will not relieve us of any Liability Coverage is primary for any liability obligations under this coverage form. assumed under an"insured contract". 2. Concealment, Misrepresentation Or Fraud d. When this coverage form and any other This coverage form is void in any case of fraud coverage form or policy covers on the by you at any time as it relates to this coverage same basis, either excess or primary, we form. It is also void if you or any other will pay only our share. Our share is the "insured", at any time, intentionally conceal or proportion that the Limit of Insurance of misrepresent a material fact concerning: our coverage form bears to the total of a. This coverage form; the limits of all the coverage forms and policies covering on the same basis. b. The covered "auto"; 6. Premium Audit c. Your interest in the covered "auto"; or a. The estimated premium for this coverage d. A claim under this coverage form. form is based on the exposures you told 3. Liberalization us you would have when this policy If we revise this coverage form to provide began. We will compute the final premium more coverage without additional premium due when we determine your actual charge, your policy will automatically provide exposures. The estimated total premium the additional coverage as of the day the will be credited against the final premium revision is effective in your state. due and the first Named Insured will be billed for the balance, if any. The due 4. No Benefit To Bailee — Physical Damage date for the final premium or retrospective Coverages premium is the date shown as the due We will not recognize any assignment or date on the bill. If the estimated total grant any coverage for the benefit of any premium exceeds the final premium due, person or organization holding, storing or the first Named Insured will get a refund. transporting property for a fee regardless of b. If this policy is issued for more than one any other provision of this coverage form. year, the premium for this coverage form will be computed annually based on our rates or premiums in effect at the beginning of each year of the policy. CA 00 01 03 10 ©Insurance Services Office, Inc.,2009 Page 9 of 12