2019-258-E Visitors Bureau - Wil Weldon aerial photography

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DocuSign Envelope ID: D9F8096F-FD8F-4DEF-97BC-32AEDC1721 F9 (d) No Benefit to Others. No person or organization,other than you,having custody of property insured under Part 2 will benefit from this insurance. (e) Salvage. After we have made payment for physical damage, we become the beneficiary of all salvaged property. There shall be no abandonment without our consent. (f) Recovered Property. If either you or we recover any property after we have made payment for physical damage,that party must give the other prompt notice. At your option,the property will be returned to you. You must then return to us the amount we paid to you for the property. We will pay recovery expenses and the expenses to repair the recovered property, subject to the limits of insurance. (g) Application of Deductible. In the event that two or more scheduled aircraft are covered by this policy, the applicable deductible shall apply separately to each.The amount specified as a deductible does not apply to physical damage caused by: (1) Lightning,theft,robbery or pilferage; or (2) Fire or explosion,if such fire or explosion is not the result of collision of the aircraft while in motion. (h) Automatic Increase in Insured Value of Scheduled Aircraft. Subject to the Maximum Insured Value Limit shown in the Declarations, the insured value of any scheduled aircraft that is modified shall automatically increase to reflect the additional cost,if any, of such modification,provided that you notify the Policy Issuing Office shown in the Declarations of such increase in the insured value within sixty(60)days following the completion of such modification and the first Named Insured agrees to pay the additional premium we require. (i) Automatic Reinstatement. In the event of physical damage that is not a total loss, whether or not Coverage B of this policy applies, the insured value of the scheduled aircraft shall be reduced as of the time of physical damage by the cost to repair the physical damage. Upon the commencement of repairs, the insured value shall be increased by the value of the completed repairs until the insured value of the scheduled aircraft is fully restored or this policy terminates,whichever occurs first. (j) Premium Fully Earned After Total Loss. In the event of a total loss to a scheduled aircraft,after the Company has made payment in accordance with the provisions of this policy,the premium for such scheduled aircraft shall be fully earned. UAS (June 15,2018) Page 6 of 20 Includes copyrighted material of Insurance Services Office,Inc.,with its permission.