Orange County NC Website
Docusign Envelope ID: B576D624-E16E-4D9F-BC67-5703DE54A6F8 <br /> UMBRELLA <br /> d. That Extended Reporting Period the full policy period of this Excess Follow- <br /> endorsement is issued by us and made a Form And Umbrella Liability Insurance. This <br /> part of this policy. provision does not apply to the reduction or <br /> 3. Any Extended Reporting Period endorsement exhaustion of the aggregate limit or limits of <br /> for this insurance will not reinstate or increase such "underlying insurance" solely by <br /> the Limits of Insurance or extend the policy payments as permitted in Paragraphs 4.a.(1), <br /> period. (2) and (3) of COVERAGE A — EXCESS <br /> 4. Except with respect to any provisions to the FOLLOW-FORM LIABILITY of SECTION I — <br /> contrary contained in Paragraphs 1., 2. or 3. COVERAGES. As such policies expire, you <br /> above, all provisions of any option to purchase will renew them at limits and with coverage at <br /> an "extended reporting period" granted to you in least equal to the expiring limits of insurance. <br /> the "underlying insurance" apply to this If you fail to comply with the above <br /> insurance. requirements, Coverage A is not invalidated. <br /> However, in the event of a loss, we will pay <br /> J. INSPECTIONS AND SURVEYS only to the extent that we would have paid had <br /> 1. We have the right but are not obligated to: you complied with the above requirements. <br /> a. Make inspections and surveys at any time; 2. The first Named Insured shown in the <br /> b. Give you reports on the conditions we find; Declarations must give us written notice of <br /> and any change in the "underlying insurance" as <br /> c. Recommend changes. respects: <br /> 2. Any inspections, surveys, reports or a. Coverage; <br /> recommendations relate only to insurability and b. Limits of insurance; <br /> the premiums to be charged. We do not make c. Termination of any coverage; or <br /> safety inspections. We do not undertake to <br /> perform the duty of any person or organization d. Exhaustion of aggregate limits. <br /> to provide for the health or safety of workers or 3. If you are unable to recover from any <br /> the public. We do not warrant that conditions: "underlying insurer" because you fail to <br /> a. Are safe or healthful; or comply with any term or condition of the <br /> b. Comply with laws, regulations, codes or "underlying insurance", Coverage A is not <br /> standards. invalidated. However, we will pay for any loss <br /> only to the extent that we would have paid had <br /> K. LEGAL ACTION AGAINST US you complied with that term or condition in <br /> 1. No person or organization has a right under this that"underlying insurance". <br /> insurance: M. OTHER INSURANCE <br /> a. To join us as a party or otherwise bring us This insurance is excess over any valid and <br /> into a "suit" asking for damages from an collectible "other insurance" whether such "other <br /> insured; or insurance" is stated to be primary, contributing, <br /> b. To sue us on this insurance unless all of its excess, contingent or otherwise. This provision <br /> terms have been fully complied with. does not apply to a policy bought specifically to <br /> 2. A person or organization may sue us to recover apply as excess of this insurance. <br /> on an agreed settlement or on a final judgment However, if you specifically agree in a written <br /> against an insured. We will not be liable for contract or agreement that the insurance provided <br /> damages that: to any person or organization that qualifies as an <br /> a. Are not payable under the terms of this insured under this insurance must apply on a <br /> insurance; or primary basis, or a primary and non-contributory <br /> b. Are in excess of the applicable limit of basis, then insurance provided under Coverage A <br /> insurance. is subject to the following provisions: <br /> An agreed settlement means a settlement and <br /> release of liability signed by us, the insured and <br /> the claimant or the claimant's legal <br /> representative. <br /> L. MAINTENANCE OF UNDERLYING INSURANCE <br /> 1. The insurance afforded by each policy of <br /> "underlying insurance" will be maintained for <br /> Page 14 of 22 ©2016 The Travelers Indemnity Company.All rights reserved. EU 00 01 07 16 <br />