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THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. <br />Form SP 30 35 10 18 Page 1 of 1 <br />© 2018, The Hartford <br />(May include copyrighted material of Insurance Services Office, Inc., with its permission) <br />VALUATION CHANGES: COMMODITY, FINISHED, AND MERCANTILE <br />STOCK <br />This endorsement modifies insurance provided under the following: <br />SPECIAL PROPERTY COVERAGE FORM <br />Except as otherwise stated in this endorsement, the terms and conditions of the Policy apply. <br />A.The following changes are made to Paragraph 5.d.of Section E.,PROPERTY LOSS CONDITIONS,of the Special <br />Property Coverage Form: <br />1.The following is added: <br />Commodity “Stock” <br />We will determine the value of merchandise and raw materials that are bought and sold at an established <br />market exchange. We will determine the value at: <br />(a)The posted market price as of the time and place of loss; and <br />(b)Less discounts and expenses you otherwise would have had. <br />2.The following is added: <br />Finished “Stock" <br />We will determine the value of goods that you have manufactured at the selling price less discounts and <br />expenses you otherwise would have had. <br />3.The following is added: <br />Mercantile “Stock” - Sold <br />We will determine the value of goods you have sold but not delivered at the selling price less discounts <br />and expenses you otherwise would have had. <br />Docusign Envelope ID: 9DF92A24-B534-85BA-8088-342315DF1839