Orange County NC Website
VCG 207 06 18 Includes copyrighted material of Insurance Services Office, Inc., with its permission. Page 3 of 9 <br />Copyright 2017, <br /> <br />b. The following is added to Paragraph 7. of Section III Limits Of Insurance: <br />The Medical Expenses Limit for Coverage C is the greater of $15,000 per person or the amount <br />shown in the Declarations. <br />6. Product Recall Expense Coverage <br />a. The following is added to Section I Coverages: <br />Product Recall Expense Schedule <br />Product Recall Aggregate Limit $ 50,000 <br />Each Product Recall Limit $ 25,000 <br />Each Product Recall Deductible $1,000 <br />The limits and deductible in this Schedule apply to <br />Product Recall Expense Coverage unless other <br />amounts are shown in the Declarations. <br /> <br />PRODUCT RECALL EXPENSE COVERAGE <br />We will pay product recall expense incurred by you or on your behalf for a covered recall to <br />which this insurance applies. This insurance applies to product recall expense for a covered <br />recall that takes place in the coverage territory and during the policy period. The amount we will <br />pay for product recall expense is limited as described in Section III Limits Of Insurance. <br />We will only pay the amount of product recall expense in excess of the Each Product Recall <br />Deductible shown in the Schedule above. You must pay the Each Product Recall Deductible for <br />each covered recall that is initiated. <br />b. The following is added to Section III Limits Of Insurance: <br />The Product Recall Aggregate Limit shown in the Schedule above is the most we will pay for the <br />sum of all product recall expense incurred for all covered recalls initiated during the policy period. <br />Subject to the Product Recall Aggregate Limit, the Each Product Recall Limit shown in the Schedule <br />above is the most we will pay for all product recall expenses arising out of any one covered recall <br />for the same defect or deficiency. <br />c. The following is added Section IV Commercial General Liability Conditions: <br />Duties In The Event Of Covered Recall <br />1. You must report a covered recall to us as soon as practicable and no later than 30 days after <br />you discover or are made aware of such recall. <br />2. ake a payment, assume any <br />obligation, or incur any expense, other than for first aid, without our consent. <br />3. You must see to it that the following are done as soon as practicable after an actual or <br />anticipated covered recall that may result in product recall expense : <br />(a) Give us notice of any discovery or notification that your product must be withdrawn or <br />recalled, including a description of your product and the reason for the withdrawal or <br />recall; <br />(b) Cease any further release, shipment, consignment or any other method of distribution of <br />such product, as well as any similar products, until it has been determined that all such <br />products are free from defects that could result in product recall expense ; <br />(c) As often as may be reasonably required, permit us to: <br />(1) Inspect your product and take damaged and undamaged samples of your products <br />for inspection, testing and analysis; and <br />(2) Examine and make copies from your books and records; <br />(d) Within 60 days of our request and providing you the necessary forms, send us a signed, <br />sworn proof of loss containing the information we request to settle the claim; and <br />Intact Insurance Group USA LLC <br />DocuSign Envelope ID: 760DC837-0C4A-440B-B022-A49D26318C57