# CONDITIONS

**Exclusions:** Notwithstanding anything to the contrary contained herein this policy, or any endorsements, amendments, or supplements, shall not cover loss or damage directly or indirectly occasioned by, happening through, or in consequence of war, invasion, act of war, civil war, rebellion, revolution, insurrection, military or usurped power, civil commotion, riot, sedition, strike, lockout, or other labor disturbance, or requisition or destruction of or damage to property by or under the order of any government or public authority.

**Notification of Claims:** The Insured upon knowledge of any accident or occurrence likely to give rise to a claim hereunder shall give notice to the Company or its nearest authorized representative as soon as practicable.

Any provisions or conditions appearing on any forms attached hereto and made a part hereof, which conflict with the provisions herein stated above, shall supersede the provisions appearing herein, unless the latter are inconsistent with the terms of such forms.

**Valuation, Payment, Replacement, Recoveries:** The Company shall in no case be liable for more than the actual cash value of the insured or damaged property at the close of business on the business day next preceding the day on which the loss or damage occurs, nor for the cost of repairing or replacing such property. The Company may repair any damage or replace any lost or destroyed property of the quality and value or pay for the same in money as the Company may elect.

Other Insureds: If the Insured has other insurance against a loss covered by this policy, the Company shall not be liable for a greater proportion of the loss than the applicable limit of liability stated in the declarations bears to the total applicable limits as to all collectible insurance against such loss.

**Fraudulent Claims:** If the Insured shall make any claim under this policy, knowing the claim to be false or fraudulent, as the Company may see fit, this policy shall become void, and all claims hereunder shall be forfeited.

**Assignment:** Assignment of interest under this policy shall not bind the Company until its consent is obtained. However, if the Insured shall die or be adjudged bankrupt or insolvent within the policy period, this policy, unless cancelled and written notice thereof given to the Company within sixty days after the date of such death or adjudication, cover the Named Insured's legal representative as the Insured hereunder.

**Bankruptcy of Insured:** Bankruptcy or Insolvency of the Insured or of the Insured's estate shall not relieve the Company from liability hereunder.

**Cancellation:** (Applicable if policy is written on flat premium basis.) This policy may be cancelled at any time by the Insured on the basis of the Company's short rate table, by written notice or by surrender of the policy to the Company. This policy may also be cancelled at any time without regard to the remainder of the named premium, by the Company by delivering to the Insured or by mailing to the Insured, by registered or certified mail, at the Insured's address as shown herein, written notice stating when, not later than ten days thereafter, the cancellation shall be effective. Such notice shall be sufficient proof of notice and the policy shall terminate at the date and hour specified in such notice. Cancellation, calculated on the Company's short rate table, on the minimum premium stipulated herein, whichever is the greater, if surrendered by the Company, the Company shall retain the earned premium as calculated on the adjustable basis contained herein or pro rata of the named premium, whichever is the greater. In the event premium refund is not made at the time cancellation is effected, it shall be made as soon thereafter as practicable.

**Cancellation:** (Applicable if policy is written on adjustable premium basis.) This policy may be cancelled at any time by the Insured by written notice or by surrender of the policy to the Company. This policy may also be cancelled at any time without regard to the remainder of the named premium, by the Company by delivering to the Insured or by mailing to the Insured, by registered or certified mail, at the Insured's address as shown herein, written notice stating when, not later than ten days thereafter, the cancellation shall be effective. Such notice shall be sufficient proof of notice and the policy shall terminate at the date and hour specified in such notice. Cancellation, calculated on the Company's short rate table, on the minimum premium stipulated herein, whichever is the greater, if surrendered by the Company, the Company shall retain the earned premium as calculated on the adjustable basis contained herein or pro rata of the named premium, whichever is the greater. In the event premium refund is not made at the time cancellation is effected, it shall be made as soon thereafter as practicable.

**IN WITNESS WHEREOF,** the company has caused this policy to be signed by its vice president and secretary but this document shall not be valid unless countersigned by the attachment hereto of a declarations page designated as Part Two and countersigned on the attached declarations page by the duly authorized agent of the company.