LARRY WALKER ASSOCIATES, INC. - Laserfiche WebLink

COMMERCIAL AUTO 2.An adjustment for depreciation and physical b.Additionally,you and any other involved condition will be made in determining actual "insured"must: cash value in the event of a total "loss".(1)Assume no obligation,make no pay- 3.If a repair or replacement results in better ment or incur no expense without our than like kind or quality,we will not pay for the consent,except at the "insured's" amount of the betterment.own cost. D.Deductible (2)Immediately send us copies of any For each covered "auto",our obligation to pay for,request,demand,order,notice, repair,return or replace damaged or stolen prop-summons or legal paper received erty will be reduced by the applicable deductible concerning the claim or "suit". shown in the Declarations.Any Comprehensive (3)Cooperate with us in the investigationCoveragedeductibleshownintheDeclarationsorsettlementoftheclaimordefensedoesnotapplyto"loss"caused by fire or light-against the "suit".ning. (4)Authorize us to obtain medical re-SECTION IV BUSINESS AUTO CONDITIONS cords or other pertinent information. The following conditions apply in addition to the (5)Submit to examination,at our ex-Common Policy Conditions: pense,by physicians of our choice,A.Loss Conditions as often as we reasonably require. 1.Appraisal For Physical Damage Loss c.If there is "loss"to a covered "auto"or its If you and we disagree on the amount of equipment,you must also do the follow- "loss",either may demand an appraisal of the ing: "loss".In this event,each party will select a (1)Promptly notify the police if the cov-competent appraiser.The two appraisers will ered "auto"or any of its equipment isselectacompetentandimpartialumpire.The stolen.appraisers will state separately the actual cash value and amount of "loss".If they fail to (2)Take all reasonable steps to protect agree,they will submit their differences to the the covered "auto"from further dam- umpire.A decision agreed to by any two will age.Also keep a record of your ex- be binding.Each party will:penses for consideration in the set- tlement of the claim.a.Pay its chosen appraiser;and (3)Permit us to inspect the coveredb.Bear the other expenses of the appraisal and umpire equally."auto"and records proving the "loss" before its repair or disposition.If we submit to an appraisal,we will still retain our right to deny the claim.(4)Agree to examinations under oath at our request and give us a signed2.Duties In The Event Of Accident,Claim, statement of your answers.Suit Or Loss 3.Legal Action Against UsWehavenodutytoprovidecoverageunder this policy unless there has been full compli-No one may bring a legal action against us ance with the fol owing duties:l under this Coverage Form until: a.In the event of "accident",claim,"suit"or a.There has been full compliance with all"loss",you must give us or our authorized the terms of this Coverage Form;andrepresentativepromptnoticeofthe"acci- b.Under Covered Autos Liability Coverage,dent"or "loss".Include: we agree in writing that the "insured"has(1)How,when and where the "accident"an obligation to pay or until the amount ofor"loss"occurred;that obligation has finally been deter- (2)The "insured's"name and address;mined by judgment after trial.No one has and the right under this policy to bring us into (3)To the extent possible,the names an action to determine the "insured's"li- and addresses of any injured persons ability. and witnesses. Page 8 of 12 Insurance Services Office,Inc.,2011 CA 00 01 10 13 Docusign Envelope ID: 183BA217-2E64-4627-AB5B-FA1828041D5A