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PI-GLD-HS (04/07) <br /> (b)The construction, erection, or removal of elevators; or <br /> (c)The ownership, maintenance, or use of any elevators covered by this insurance. <br /> I. Limited Rental Lease Agreement Contractual Liability <br /> The following is added to SECTION I—COVERAGES, COVERAGE A. BODILY INJURY AND <br /> PROPERTY DAMAGE LIABILITY, Subsection 2. Exclusions, Paragraph b.Contractual Liability: <br /> (3) Based on the named insured's request at the time of claim, we agree to indemnify the named <br /> insured for their liability assumed in a contract or agreement regarding the rental or lease of a <br /> premises on behalf of their client, up to$50,000. This coverage extension only applies to rental <br /> lease agreements. This coverage is excess over any renter's liability insurance of the client. <br /> J. Damage to Property You Own, Rent or Occupy <br /> SECTION I—COVERAGES, COVERAGE A BODILY INJURY AND PROPERTY DAMAGE <br /> LIABILITY, Subsection 2. Exclusions, Paragraph j. Damage to Property, Item(1) is deleted in its <br /> entirety and replaced with the following: <br /> (1) Property you own, rent, or occupy, including any costs or expenses incurred by you, or any <br /> other person, organization or entity, for repair, replacement, enhancement, restoration or <br /> maintenance of such property for any reason, including prevention of injury to a person or <br /> damage to anther's property, unless the damage to property is caused by your client, up to a <br /> $30,000 limit. A client is defined as a person under your direct care and supervision. <br /> K. Transfer of Rights of Recovery Against Others To Us <br /> As a clarification, the following is added to SECTION IV—COMMERCIAL GENERAL LIABLITY <br /> CONDITIONS, Paragraph 8. Transfer of Rights of Recovery Against Others To Us: <br /> Therefore, the insured can waive the insurer's Rights of Recovery prior to the occurrence of a loss, <br /> provided the waiver is made in a written contract. <br /> L. Duties in the Event of Occurrence.Claim or Suit <br /> 1. The requirement in Paragraph 2.a.of SECTION IV-COMMERCIAL GENERAL LIABILITY <br /> CONDITIONS that you must see to it that we are notified as soon as practicable of an "occurrence" <br /> or an offense, applies only when the"occurrence" or offense is known to: <br /> a. You, if you are an individual; <br /> b. A partner, if you are a partnership: or <br /> c. An executive officer or insurance manager, if you are a corporation. <br /> 2. The requirement in Paragraph 2.b. of SECTION IV—COMMERCIAL GENERAL LIABILITY <br /> CONDITIONS that you must see to it that we receive notice of a claim or"suit" as soon as <br /> practicable will not be considered breached unless the breach occurs after such claim or"suit" is <br /> known to: <br /> a. You, if you are an individual; <br /> b. A partner, if you are a partnership: or <br /> c. An executive officer or insurance manager, if you are a corporation. <br /> Page 5 of 7 <br /> Includes copyrighted material of Insurance Services Office, Inc., with its permission. <br />