2024-134-E-AMS-Harris Bros. Electric-ERPD CT Disconnect, Panel, & Feeder

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10 2) Give the loss payee thirty (30) days notice before cancellation or refusal to renew this policy. Loss Payee's Duties The loss payee will: 1) Furnish proof of loss within sixty (60) days if you fail to do so; 2) Pay upon demand any premium due if you fail to do so; 3) Notify us of any change of ownership or oc- cupancy or any increase in hazard of which the loss payee has knowledge; 4) Give us his or her right of recovery against any party liable for "loss"; and 5) After a "loss", permit us to satisfy the debit requirements and receive full transfer of debt. c. Valuation In the event of "loss" or damage to covered property, we agree to repair, rebuild, or replace the property with other property of like kind and quality subject to the following terms and condi- tions: 1) We will not pay more for "loss" or damage on a replacement cost basis than the least of: a) The $25,000 Amount of Insurance ap- plicable to the lost or damaged proper- ty; b) The cost to replace the lost or damaged property with other property: i. Of comparable material and quality; and ii. Used for the same purpose. c) The amount you actually spend that is necessary to repair or replace the lost or damaged property. 2) We will not pay on a replacement cost basis for any "loss": a) Until the lost or damaged property is ac- tually repaired or replaced; and b) Unless the repairs or replacement are made as soon as reasonably possible af- ter the "loss" or damage. If the property is not repaired within such reasonable time, it will be valued at its actual cash value as of the time of "loss". 3) You may make a claim for "loss" covered by this insurance on an actual cash value basis instead of a replacement cost basis. In the event you elect this option, you may still make a claim for the additional coverage under this provision, if you notify us, in writing, within 180 days after the "loss" or damage. 8. Definitions Under Section IX – Definitions, the following are added, but only for this coverage. • "Aircraft" means any machine or device capable of atmospheric flight except model airplanes. • "Automobile" means a land motor vehicle, trail- er, or semi-trailer designed for travel on public roads including any attached machinery or equipment, but does not include "mobile equip- ment". • "Fungus" means any type or form of fungus, in- cluding mold or mildew and any mycotoxins, spores, scents, or by-products produced or re- leased by fungi. • "Jobsite" means any location, project, or work site where you are involved in an installation or construction project. • "Loss" means direct and accidental "loss" of or damage to covered property. • "Mobile equipment" means any of the following types of land vehicles (including any attached machinery or equipment): 1. Bulldozers, farm machinery, forklifts, and other vehicles designed for principally off public roads; 2. Vehicles maintained for use solely on or next to premises you own or rent; 3. Vehicles that travel on crawler treads; 4. Vehicles, whether self-propelled or not, maintained primarily to provide mobility to permanently mounted: a. Power cranes, shovels, loaders, diggers, or drills; or b. Road construction or resurfacing equipment such as graders, scrapers, or rollers; 5. Vehicles not described in 1., 2., 3., or 4. above that are not self-propelled and are maintained primarily to provide mobility to permanently attached equipment of the fol- lowing types: a. Air compressors, pumps, and genera- tors, including spraying, welding, build- DocuSign Envelope ID: 75813A28-6473-488C-94A0-FBC412554362