# CONDITIONS

Agrees with the Named Insured in consideration of the payment of the premium and in reliance upon the statements herein made and subject to the limits of liability, exclusions, conditions, and other terms of this policy.

**Exclusions:** Notwithstanding anything to the contrary contained herein this policy, or any endorsements, amendments or attachments hereto, shall not cover loss or damage directly or indirectly occasioned by, happening through or in consequence of war, invasion, acts of foreign enemies (whether war be declared or not), civil war, rebellion, revolution, insurrection, military or usurped power or confiscation or nationalization or requisition or destruction of or damage to property by or under the order of any government or public or local authority.

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

Any provisions or conditions appearing in any forms attached hereto and made a part hereof, which conflict with or alter the policy provisions stated above, shall supersede the provisions appearing herein, insofar as the latter are inconsistent with the provisions appearing in such attached forms.

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

**Other Insurance:** If the Insured has other insurance against a loss covered by this policy the Company shall not be liable under this policy for a greater proportion of such loss than the applicable limit of liability stated in the declarations bears to the total applicable limit of liability of all valid and 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 regards amount or other wise, 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 endorsed thereon. If, however, the Named Insured shall die or be adjudged bankrupt or insolvent within the policy period, this policy, unless cancelled, shall, if written notice be given to the company within sixty days after the date of such death or adjudication, cover the Named Insured's legal representative as the Named Insured.

**Bankruptcy of Insured:** Bankruptcy or Insolvency of the Insured or of the Insured's estate shall not relieve the Company of any of its obligations 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, with or without the return of one unearned premium, by the Company be delivering to the Insured or by mailing to the Insured, by registered or unregistered mail, at the address as shown herein, written notice stating that it will terminate later than ten days thereafter, the cancellation shall be effective at the Insured's address as shown herein, written notice, stating that it will terminate later than ten days thereafter, the cancellation shall be effective in such case the Company shall refund the paid premium, less the earned portion thereof. In the event premium is paid and not made at the time cancellation is effected, it shall be made as soon thereafter as practicable. The mailing of notice by the Company shall be sufficient proof of notice and this policy shall terminate at the date and hour specified in such notice.

**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, with or without the return of one of the unearned premium, by the Company be delivering to the Insured or by mailing to the Insured, by registered or unregistered mail, at the address as shown herein, written notice stating that it will terminate later than ten days thereafter, the cancellation shall be effective. The mailing of notice by the Company shall be sufficient proof of notice and the policy will terminate at the date and hour specified in such notice. If cancelled by the Company, it shall be earned premium as calculated on the flatable basis contained herein, or the rate premium, calculated according to the company's short rate table, on the minimum premium stipulated herein, whichever is the greater. If cancelled by the Company, the Company shall sin the earned premium as calculated on the adjustable basis contained herein, or the rate of the minimum premium, whichever is the greater the event premium refund is not made at the time cancellation is effected, it shall be made as soon thereafter as practicable.

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