Orange County NC Website
DocuSign Envelope ID: DF078B63-CCED-42B9-8016-A67D8F6DF779 <br /> 18.Knowledge Of Occurrence, Claim, Or Suit <br /> SECTION IV—COMMERCIAL GENERAL LIABILITY CONDITIONS—AMENDMENTS <br /> The following is added to paragraph 2. <br /> e. The Duties in paragraph 2. do not apply until after the "occurrence" or offense to: <br /> (1) You, if you are an individual; <br /> (2) A Partner, if you are a partnership; <br /> (3) An "executive officer" or insurance manager, if you are a corporation; <br /> (4) Your elected or appointed officials, trustees, board members, or your insurance manager if you are <br /> an organization other than a partnership,joint venture, or limited liability company. <br /> 19.Voluntary Property Damage Coverage: <br /> The following coverage is added: <br /> At your request, we will pay for'loss"to tangible property of others arising out of your business operations. The most <br /> we will pay for this coverage is $5,000 for each 'occurrence"with a $10,000 aggregate limit during the policy period. <br /> The "loss" must occur during the policy period and in the "coverage territory." <br /> "Loss" means unintended damage or destruction. "Loss" does not mean disappearance, abstraction, theft, or <br /> voluntary parting with property as a result of trick, scheme, or false pretense. <br /> Voluntary Property Damage Coverage does not apply to: <br /> A. Damage arising out of the ownership, maintenance, use, or entrustment of any"auto"; <br /> B. Property you own, occupy, rent or lease from others, or <br /> C. Property on your premises for sale, service, repair or storage. <br /> If the policy to which this endorsement is attached is written with a property damage liability deductible, the deductible <br /> shall apply to this Voluntary Property Damage Coverage. The limits of coverage stated above shall not be reduced by <br /> the amount of this deductible. <br /> 20.Waiver Of Transfer Of Rights Of Recovery Against Others <br /> Paragraph 8. Transfer Of Rights Of Recovery Against Others To Us (of SECTION IV—COMMERCIAL GENERAL <br /> LIABILITY CONDITIONS) <br /> The following is added: <br /> We will waive any right of recovery we may have against a person or organization because of payments we have <br /> made under this insurance for injuries or damages arising out of"your work" done under a written contract with that <br /> person or organization provided that: <br /> a. Such written contract with that person or organization contains a contractual provision that prevents you <br /> from exercising your right(s)of recovery against such person or organization <br /> Our waiver of any right of recovery as stated above only applies to that person or organization identified above and <br /> only if the injury or damage occurs during the policy period and subsequent to the execution of such written contract. <br /> Includes copyrighted material of Insurance Services Office, Inc., with its permission. <br /> Copyright, Insurance Services Office, Inc., 1997 <br /> CG70510615 101Page <br />