Insurance - Laserfiche WebLink

Home Browse Search

(3) The nature and location of any injury or damage arising out of the "occurrenca" or offense- b. lf a claim is made or 'suit" is brought against any insured, you must: (1) lmmediately record the specifics of the claim or "suif'and the date received; and (2) Notify us as soon as practicable. You must see to it that we receive written no- tice of the claim or "sLrit" as soon as practica- ble. c. You and any other involved insured must: (1) lmmediately send us copies of any de- mands, notices, summonses or legal pa- pers reeeived in connection with the claim or "suit"; (2) Authorize us to obtain records and other irrformation; (3) Cooperate with us in the investigation or settlement of the claim or defense against the "suit"; and (4) Assist us, upon our request, in the en- forcement of any right against any person or organizaiion which may be liable to the insured because of injury or damage to which this insurance may also apply. d. No insured will, except at that insured's own cost, voluntarily make a payment, assume any obligation, or incur any expense, other than for first aid, without our consent. 3. Legal Action Agalnst Us No person or organization has a right under this Coverage Part: a. To join us as a party or othenoise bring us into a "suit" asking for damages from an insured; or b, To sue us on this Coverage Part unless all of its terms have been fully complied with. A person or organization may sue us to recover on an agreed settlement or on a final judgment against an insured; but we will not be liable for damages that are not payable under the terms of this Coverage Part or that are in excess of the ap- plicable limit of insurance. An agreed settlement means a settlement and release of liability signed by us, the insured and the claimant or the claim- ant's legal representaiive. 4. Other lnsurance lf other valid and collectible insurance is available to the insured for a loss we cover under Coverag- es A or B of this Coverage Part, our obligations are limited as follows: a. Prlmary lnsurance This insurance is primary except when Para- graph b. below applies. lf this insurance is pri- mary, our obligations are not affeded unless any of the other insurance is also primary. Then, we will share with all that other insur- ance by the method described in Paragraph c. below. b. Excess lnsurance (1) This insurance is excess over. (a) Any of the other insurance, whether primary, excess, contingent or on any other basis: (i) That is Fire, Extended Coverage, Buildefs Risk, lnstallation Risk or similar coverage for nyour work"; (iD That is Fire insurance for premises rented to you or temporarily occu- pied by you with permission of the ownen (lli) That is insurance purchased by you to cover your liability as a tenant for "property damage" to premises rent- ed to you or temporarily occupied by you with permission of the orirarer; or (iv) lf the loss arises out of the mainte- nance or use of aircraft, 'autos" or watercraft to the extent not subject to Exclusion g. of Section I - Coverage A - Bodily lnjury And Property Dam- age Liabiliiy. (b) Any other primary'insurance available to you covering liability for damages aris- ing out of the premises or operations, or the products and completed operations, for which you have been added as an additional insured by attachment of an. endorsement. (2) When this insurance is excess, we will have no duty under Coverages A or B to defend the insured against any "sult" if any other insurer has a duty to defend the insured against that "suif'. lf no other insurer de- fends, we will undertake to do so, but we will be entifled to the insured's rights against all those other insurers. cG 00 011207 @ ISO Properties, Inc.,2006 Page 11 of16 tr