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DocuSign Envelope ID: D9F8096F-FD8F-4DEF-97BC-32AEDC1721F9 <br /> DECLARATIONS OF POLICY NUMBER 9017377(Continued) <br /> Item 3. LIMITS OF INSURANCE: <br /> The limits of the insurance afforded by this policy are: <br /> PART 1 - LIABILITY <br /> 1. Each Occurrence Limit: $1,000,000 <br /> 2. Each occurrence sub-limit and deductible applicable to damaged property: <br /> Damage to Cargo Limit: NIL <br /> Cargo Deductible: NIL <br /> The sub-limit described above is part of and not in addition to the Each Occurrence Limit. <br /> 3. Supplementary payment limits for emergencies and search and rescue operations related to scheduled <br /> aircraft: <br /> (a) NIL is the most we will pay for expenses incurred under an emergency condition for: <br /> (1) Application of foam on a runway; <br /> (2) Fire and crash control and rescue; or <br /> (b) The lesser of NIL or the insured value of the scheduled aircraft is the most we will pay for <br /> repositioning expenses incurred following a landing made under emergency conditions at a location <br /> where a safe takeoff cannot be made. <br /> (c) NIL is the most we will pay for expenses incurred for search and rescue operations. <br /> PART 2 - PHYSICAL DAMAGE <br /> Scheduled Aircraft: <br /> (a) Subject to Paragraph(b)below,the limit of insurance for a scheduled aircraft is its insured value, <br /> less any applicable deductible. <br /> (b) The insured value of any newly acquired aircraft or any scheduled aircraft modified during the <br /> policy period is subject to the Maximum Insured Value Limit which shall be the highest insured <br /> value of any scheduled aircraft insured at the time such newly acquired aircraft is acquired or such <br /> modified scheduled aircraft is modified. <br /> Item 4. DESCRIPTION OF INSURED AIRCRAFT: <br /> The insurance afforded is only as respects the scheduled aircraft shown in the Aircraft Schedule(s)made part of <br /> this policy and to any newly acquired aircraft. <br /> UASDH(April 1,2015) Page ii of iv <br />