WILSON GENERAL CONTRACTING - Laserfiche WebLink

NE 00 31 01 19 Includes copyrighted material of Insurance Services Office, Inc., with its permission. Page 10 of 10 13. No Duty To Notify If We Do Not Renew If we decide not to renew this policy, we are under no obligation to mail or deliver notice of nonrenewal to any insured. SECTION IV – DEFINITIONS The definitions applicable to any "underlying insurance" also apply to this insurance. In addition, the following definitions apply. 1. "Event" means an occurrence, offense, accident, act, or other event, to which the applicable "underlying insurance" applies. 2. “Fungi” means any type or form of fungus, including mold or mildew and any mycotoxins, spores, wet or dry rot, scents or byproducts produced or released by fungi. 3. "Injury or damage" means any injury or damage, covered in the applicable "underlying insurance" arising from an "event". 4. "Silica" means silicon dioxide (occurring in crystalline, amorphous and impure forms), silica particles, silica dust or silica compounds. 5. "Silica-related dust" means a mixture or combination of silica and other dust or particles. 6. "Ultimate net loss" means the total sum, after reduction for recoveries, or salvages collectible, that the insured becomes legally obligated to pay as damages by reason of: a. Settlements, judgments, binding arbitration; or b. Other binding alternate dispute resolution proceeding entered into with our consent. "Ultimate net loss" includes defense expenses if the "underlying insurance" speci fies that limits are reduced by defense expenses. 7. "Underlying insurance" means any policy of insurance or self -insurance listed in the Schedule of “underlying insurance”. Claims-made policies or endorsements will not be considered as “underlying insurance”. DocuSign Envelope ID: F525A306-8BF9-48E3-A552-7B4232EE8861DocuSign Envelope ID: AB91FD21-DAE2-4426-9C77-64582A7CE84DDocuSign Envelope ID: F2F8D7DE-DC83-42B9-896F-1B1561925E23