Salas O'Brien 5/4/2017 - Laserfiche WebLink

a. The actual cash value of the damaged or b. Additionally, you and any other involved stolen property as of the time of the "insured"must: "loss"; or (1) Assume no obligation, make no b. The cost of repairing or replacing the payment or incur no expense without damaged or stolen property with other our consent, except at the "insured's" property of like kind and quality. own cost. 2. An adjustment for depreciation and physical (2) Immediately send us copies of any condition will be made in determining actual request, demand, order, notice, cash value in the event of a total "loss." summons or legal paper received 3. If a repair or replacement results in better than concerning the claim or"suit." like kind or quality, we will not pay for the (3) Cooperate with us in the investigation amount of the betterment. or settlement of the claim or defense D. Deductible against the "suit." For each covered "auto," our obligation to pay for, (4) Authorize us to obtain medical repair, return or replace damaged or stolen records or other pertinent information. property will be reduced by the applicable (5) Submit to examination, at our deductible shown in the Declarations. Any expense, by physicians of our choice, Comprehensive Coverage deductible shown in as often as we reasonably require. the Declarations does not apply to "loss" caused c. If there is "loss" to a covered "auto" or its by fire or lightning. equipment you must also do the following: SECTION IV—BUSINESS AUTO CONDITIONS (1) Promptly notify the police if the The following conditions apply in addition to the covered "auto" or any of its equipment Common Policy Conditions: is stolen. A. Loss Conditions (2) Take all reasonable steps to protect 1. Appraisal For Physical Damage Loss the covered "auto" from further damage. Also keep a record of your If you and we disagree on the amount of expenses for consideration in the "loss," either may demand an appraisal of the settlement of the claim. "loss." In this event, each party will select a competent appraiser. The two appraisers will (3) Permit us to inspect the covered select a competent and impartial umpire. The "auto" and records proving the "loss" appraisers will state separately the actual before its repair or disposition. cash value and amount of "loss." If they fail to (4) Agree to examinations under oath at agree, they will submit their differences to the our request and give us a signed umpire. A decision agreed to by any two will statement of your answers. be binding. Each party will: 3. Legal Action Against Us a. Pay its chosen appraiser; and No one may bring a legal action against us b. Bear the other expenses of the appraisal under this Coverage Form until: and umpire equally. a. There has been full compliance with all If we submit to an appraisal, we will still retain the terms of this Coverage Form; and our right to deny the claim. b. Under Liability Coverage, we agree in 2. Duties In The Event Of Accident, Claim, writing that the "insured" has an obligation Suit Or Loss to pay or until the amount of that We have no duty to provide coverage under obligation has finally been determined by this policy unless there has been full judgment after trial. No one has the right compliance with the following duties: under this policy to bring us into an action to determine the "insured's" liability. a. In the event of "accident," claim, "suit" or "loss," you must give us or our authorized 4. Loss Payment — Physical Damage representative prompt notice of the Coverages "accident"or"loss." Include: At our option we may: (1) How, when and where the "accident" a. Pay for, repair or replace damaged or or"loss" occurred; stolen property; (2) The "insured's" name and address; b. Return the stolen property, at our and expense. We will pay for any damage that (3) To the extent possible, the names results to the "auto"from the theft; or and addresses of any injured persons and witnesses. CA 00 01 03 06 Copyright, ISO Properties, Inc., 2005 Page 7 of 11