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DocuSign Envelope ID: D9F8096F-FD8F-4DEF-97BC-32AEDC1721 F9 <br /> 2. Exclusions <br /> In addition to the exclusions contained in SECTION II — GENERAL POLICY EXCLUSIONS, the following <br /> exclusions apply to Coverage B. <br /> This insurance does not apply to physical damage: <br /> DAMAGE TO TIRES <br /> To tires installed on the scheduled aircraft caused by any peril other than fire,theft,vandalism or malicious <br /> mischief.This exclusion does not apply if such physical damage is the direct result of other physical damage <br /> covered by this policy. <br /> 3. Conditions. <br /> In addition to the conditions contained in SECTION V-POLICY CONDITIONS,the following conditions apply <br /> to Coverage B: <br /> (a) Your Additional Duties. <br /> You shall: <br /> (1) Protect the damaged property whether or not the insurance afforded by this policy applies and if you <br /> fail to do so,we shall have no obligation to pay for any further physical damage due to your failure <br /> to protect the damaged property;reasonable expenses incurred in affording such protection shall be <br /> deemed to be incurred at our request. <br /> (2) File with us within ninety-one (91) days after physical damage, sworn proof of loss in such form <br /> and including such information as we may reasonably require and shall,upon our request, submit to <br /> examination under oath,exhibit the damaged property and produce for our examination all pertinent <br /> records and invoices,permitting copies of such documents to be made, all at such reasonable times <br /> and places as we shall designate. <br /> (3) Do all things necessary to arrange for transfer of your interest in any salvage to us or our nominee. <br /> (b) Adjustment and Payment. <br /> (1) We will adjust all claims for physical damage for which insurance is afforded by this policy with <br /> the first Named Insured only; and <br /> (2) Any payment we make for physical damage will be made to the first Named Insured for the account <br /> of all interests. <br /> (c) Appraisal. <br /> If we fail to reach agreement with the first Named Insured as to the value of the damaged property,or the cost <br /> to repair the physical damage,an appraisal may be demanded by either party. In this event,each party shall <br /> select a competent appraiser. The appraisers shall select a competent and impartial umpire. The appraisers <br /> shall appraise the value of the damaged property, or the cost to repair the physical damage and failing to <br /> agree shall submit their differences to the umpire.An award in writing of any two shall determine the value <br /> of the damaged property,or the cost to repair the physical damage.Each party will pay its chosen appraiser <br /> and shall bear equally the other expenses of the appraisal and the umpire.We shall not be held to have waived <br /> any of our rights by any act relating to appraisal. <br /> UAS (June 15,2018) Page 5 of 20 <br /> Includes copyrighted material of Insurance Services Office,Inc.,with its permission. <br />