RH2 12/21/2017 - Laserfiche WebLink

(a) To you, to your partners or a. Five days before the effec- members (if you are a partner- tive date of cancellation for ship or joint venture), to your any structure where two or members (if you are a limited li- more of the following condi- ability company), or to a co-"em- tions exist: ployee" while that co-"employ- (1) Without reasonable ex- ee" is either in the course of his planation, the structure or her employment or perform- is unoccupied for more ing duties related to the conduct than 60 consecutive of your business; or days, or at least 65% of (b) For which there is any obligation the rental units are un- to share damages with or repay occupied for more than someone else who must pay 120 consecutive days damages because of the injury unless the structure is described in Paragraph (1)(a). maintained for seasonal C. Section III - Common Policy Conditions is occupancy or is under amended as follows: construction or repair; 1. Paragraph A. Cancellation is replaced by (2) Without reasonable ex the following: planation, progress to- A. Cancellation ward completion of per- manent repairs to the 1. The first Named Insured shown structure has not oc- in the Declarations may cancel curred within 60 days this Policy by notifying us or the after receipt of funds insurance producer in one of the following satisfactory following ways: adjustment or adjudica- a. Written notice by mail, fax tion of loss resulting or e-mail; from a fire; b. Surrender of the Policy or (3) Because of its physical binder; or condition, the structure c. Verbal notice. is in danger of collapse; Upon receipt of such notice, we (4) Because of its physical will cancel this Policy or any condition, a vacation or binder issued as evidence of demolition order has coverage, effective on the later been issued for the of the following: structure, or it has been declared unsafe in ac- a. The date on which notice is cordance with applica- received or the Policy or ble law; binder is surrendered; or (5) Fixed and salvageable b. The date of cancellation re- items have been re- quested by the first Named moved from the struc- Insured. ture, indicating an intent 2. We may cancel this Policy by to vacate the structure; mailing or delivering to the first Named Insured and the first Named Insured's agent or broker written notice of cancellation at least: BP 01 06 03 15 © Insurance Services Office, Inc., 2014 Page 6 of 8