COMMERCIAL GENERAL LIABILITY
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.
EXTENDED PROPERTY DAMAGE COVERAGE
Schedule
Limits of Insurance
$5,000 Each Occurrence
$25,000 Annual Aggregate
Deductible
$250 Per Claim
Insuring Agreement
Deductible
We will pay for “loss” to personal property of others,
including the loss of use of such property, while in your
care, custody or control, or personal property over
which you for any purpose are exercising physical
control, when:
We will not be liable on account of any “loss,” except to
the extent such “loss” is in excess of the deductible
amount stated in the Schedule of Limits with the
insurance then applying to such excess only, subject
otherwise to the applicable limits of insurance.
1. “Loss” arises out of operations away from your
premises;
The terms of the policy with respect to your duties in
the event of occurrence, claim or suit and our right to
investigate, negotiate and settle any claim or suit, apply
irrespective of the application of the deductible amount.
2. “Loss” is incidental to your normal business
operations; and
3. You have property damage liability coverage for
that business under the coverage form to which this
endorsement is attached.
“Loss” means unintentional damage or destruction, but
does not include disappearance or obstruction.
We may pay any part or all of the deductible amount to
effect settlement of any claim or suit and, upon
notification of the action taken, you will promptly
reimburse us for any part of the deductible amount as
has been paid by us.
Settlement
Exclusions
The coverage under this endorsement does not apply
to “loss” to:
1. Property held by you for servicing, repair, storage
or sale on premises you own, rent, occupy or
otherwise control;
2. Property while being transported by or caused by
the ownership, maintenance, operation, use,
loading or unloading of any “auto,” watercraft or
aircraft;
3. Property you own, rent or occupy, including any
costs or expenses incurred by you, or any other
person, organization or entity, for repair,
replacement,
enhancement,
restoration
or
maintenance of such property for any reason,
including prevention of injury to a person or
damage to another’s property;
In the event of “loss” covered by this endorsement, you
will, if requested by us, replace the property or furnish
the labor and materials necessary for repairs at actual
cost to you, excluding prospective profit or overhead
charges of any nature. Any property so paid for or
replaced at our option becomes our property. Payment
will not constitute an admission of any liability on your
part.
Other Insurance
If any other insurance carried by you applies to a “loss”
covered by this endorsement, this endorsement will not
apply.
Nothing herein contained will be held to alter, vary or
waive any of the agreements, conditions, or
declarations of this policy, except as herein stated.
4. Real property.
Limit of Insurance
The limit of insurance stated in the Schedule of Limits
as Each Occurrence is the most we will pay for all
damages on account of each claim or “suit” covered
under this endorsement. The limit of insurance stated
in the Schedule of Limits as Annual Aggregate is,
subject to the above provision respecting each claim,
the total limit of our liability for all damages under this
endorsement in any one policy period.
CG7141(10-01)
Includes copyrighted material of ISO properties, Inc. with its permission.
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