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. Bid No. 86--1 4?a4 a 16 of -4.8'
<br /> Contract No. 10A514
<br /> Railroad (All RR's) (Cont'd)
<br /> 3.4.88{
<br /> CONDITIONS.
<br /> (The conditions, except conditions.3, 4,.5, 7, 8,9, 10, 11 and 12,
<br /> apply to all coverages. Conditions 3, 4, 5, 7, 8,9, 10, 11 and
<br /> 12, apply only to the-coverage,noted thereunder.)
<br /> L Premium:—The premium-bases-and rates for the, hazards- described in
<br /> the declarations:are stated therein. Premium bases and rates for-hazardo not
<br /> son described are those.applicable in accordance-with the manuals in-use by the
<br /> company.
<br /> The- term. "contract cast" means the total cost of all work described. in
<br /> Item:6 of the declarations.
<br /> The- term.`rental cost" means the total cost. to the Contractor for rental.
<br /> of` work trains-or other railroad equipment, including- the remuneration. of
<br /> all:employees of-the insured while,operating; attached to or engaged thereon.
<br /> The: advance.premium stated in the,declarations is an estimated premium
<br /> only. Upon termination of this.policy,the-earned premium shall be computed
<br /> im aeeordanee- with.the company's, rules, rates, rating, plans, premiums. and'
<br /> minimum premiums applicable-to this insurance. If the earned premium thus.
<br /> computed exceeds the estimated advance. premium paid, the company shall
<br /> look- for the Contractor-specified in the declarations for any such excess; if
<br /> less;, the company, shall return to the said Contractor the unearned portion
<br /> paid.-
<br /> In- no event shall. payment of- premium be, an. obligation of the. named _
<br /> insured.-
<br /> 2. Inspection.—The named' insured shall' make- available- to the company,-
<br /> records, of information relating,to the, subject. matter- of this..insurance.
<br /> The: company shall be. permitted to inspect all operations=in connection
<br /> with.the,work:described in Item 6.of the declarations.
<br /> 3:-Limits,,of: Liability; Coverage-A.—The- limit of bodily injury liability
<br /> stated-is the-declarations::.as, applicable.- to, "each- person" is.%the limit of the
<br /> company's liability for all-damages, including damages:. for care, and loss- of
<br /> services; arising out of bodily-injury sustained-by one person as,the-result of
<br /> any one occurrence; the limit of such liability stated in the declarations as
<br /> applicable to "each occurrence" is, subject to the above provision respecting
<br /> each• person, the• total limit of the company's. liability for, all such damage
<br /> arising:out of bodily injury sustained by two or more. persons.as.the result of
<br /> any one.occurrence.
<br /> 1. Limits of-Liability; Coverages-B and C.—The limit df liability under Cov-
<br /> erages B and C stated in the declarations as,applicable-to "each occurrence" is
<br /> the total limit of.the company's liability for all damages and. all loss:under-
<br /> Coverages B and C combined arising out of physical injury to, destruction or
<br /> loss of:all property of one-or,more persons or organizations, including the-loss:
<br /> of use•of any property due to such injury or destruction under-Coverage B, as
<br /> the result of any one occurrence.
<br /> Subject to the above provision.respecting. "each occurrence," the limit of
<br /> liability tinder Coverages B and C stated in the declarations as "aggregate"
<br /> is the total limit of the company's liability for all damages and all loss under
<br /> Coverages B and C combined arising out of physical injury to, destruction or
<br /> loss of property, including the loss of use of any property due to such injury-
<br /> or
<br /> njuryor destruction under Coverage B.
<br /> Under Coverage C, the limit of the company's liability for loss shall not
<br /> exceed the actual cash value of the property, or if the loss,is of a part thereof
<br /> the actual cash value of such part, at time of loss, nor,what it would then cost,
<br /> to repair-or replace the property or such part thereof with other of like kind.
<br /> and quality.
<br /> b: Severalty of Interests, Coverages-A and-B.—The term "the insured" is
<br /> used severally and not collectively, but the inclusion herein of more than one
<br /> insured shall not operate to increase the limits of the company's liability.
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