EFTA00304612.pdf

Global Assistance Jeffrey E Epstein 9 East 71st St. New York NY 10021 Thank you for your recent purchase of Allianz Travel Insurance. We are pleased that you have chosen to take us along on your upcoming trip! This packet of information will help you use your travel insurance policy and includes: • A summary of assistance services and benefits described below • Your Letter of Confirmation of insurance benefits • Your detailed Certificate of Insurance/Policy Summary of Assistance Services and Benefits You are entitled to important assistance services and benefits. Service/Benefit Concierge 24-Hour Hotline Assistance To make the most of your assistance services and benefits please: • Read the detailed Certificate of Insurance/Policy. • Download the TravelSmart app for a listing of hospitals and clinics for your destination(s) available at both the App Store and Google Play. • If you require emergency medical care while traveling, please call our office for assistance before engaging any expense. • Save or photograph all receipts in the event you need to file a claim. Claims may be electronically filed at www.allianztravefinsurance.com EFTA00304612  OotalAsdaanc• Letter of Confirmation June 3, 2015 Name: Jeffrey E Epstein Policy No.: US03780762 Jeffrey E Epstein 9 East 71st St. Emergency Assistance Card New York NY 10021 Dear Jeffrey E Epstein, For emergency assistance during your trip call: 1-866-884-3556 1-804-281-5700 Thank you for choosing Allianz Global Assistance to protect your travel investment. (From U.S.) (Outside the U.S.)! (Collect) Please make sure you read this Letter of Confirmation, your enclosed Policy, and For benefit information call: any other attached documents, including riders or other forms carefully. Because 1-866-884-3556 the Policy may describe coverage not included in your plan, be sure to look at all of (From U.S.) the documents to understand your specific coverage. Contact us immediately if you think there is a mistake in your Letter of Confirmation. To modify your policy or file a claim, please visit: www.allianztravelinsurance.com This Letter of Confirmation and the enclosed Policy contains important information on the insurance plan you purchased. 9950 Mayland Drive. Richmond. VA 23233 Your plan includes the following coverage. up to the limits We recommend that if you are traveling for your event, you take copies of these shown. Please see your Policy for information about how documents with you. If you did not receive a Policy. or would like another copy, our insurance works. please call 1-800-284-8300. Coverage Information About Your Plan Benefit Limits* Name of your plan: Annual Executive Plan Baggage Coverage $1.000.00 Policy identification number. US03780762 Baggage Delay Coverage $1.000.00 Number of people insured: 1 Business Equipment Coverage $1.000.00 Who it insures: Jeffrey E Epstein Business Equipment Rental Coverage $1.000.00 Date of purchase: June 3, 2015 Change Fee Coverage $250.00 Plan effective date: June 4, 2015 - June 4, 2016 Emergency Medical Transportation $250,000.00 Travel dates: Emergency Medical and Dental $50,000.00 Total cost for all travelers: $459.00 Trip Cancellation Protection $5.000.00 Amount paid: $459.00 Travel/Trip Delay Coverage $1,500.00 Trip Interruption Protection $5,000.00 Changes to your travel plans may require changes to your coverage. If your plans Travel Accident Coverage $50.000.00 change please contact Allianz Global Assistance. 'USD:er CSS otherhilie Thanks again for purchasing a travel insurance plan from Allianz Global Assistance. Please Note Have a safe and pleasant trip! • If your policy includes Trip Cancellation/Trip Interruption, these benefits are per policy per year. Additional travel Sincerely, insurance, on a per trip basis. may also be purchased when booking your next trip. a( Mark Henson • Emergency Medical and Dental Benefits are primary. • For Emergency Medical and Dental benefits there is no • deductible. There is a $500 maximum for all covered dental Vice President of Travel Operations expenses. AGA Service Company • AGA Service Company is the licensed producer and To modify your policy or file a claim, please visit: administrator for this plan. • Insurance coverage is provided under Form No. innimallianztravelinsurance.com 52.201.401.NY PC and 52.201.008.NY AH issued by Form No. 52.201.LOC.02.NY PC! Form No. 52.201.LOC.02.NY AH BCS Insurance Company. EFTA00304613 TI_BCS_LOC2_400_00tNY • TI_BCS_401_032_NY_V2S • 52_201_OE 01 * BCSPRIVNOT EFTA00304614  INSURING CLAUSE Part I. EFFECTIVE DATE BCS Insurance Company, herein referred to as the Company. Coverage Term: The Coverage Term shall start at 12:01 A.M. will pay You the insurance benefits described in this Policy. on the date shown on Your Letter of Confirmation, subject to Allianz Travel Insurance Please refer to the accompanying Letter of Confirmation. It payment of the premium due. The Coverage Term ends at provides You with specific information about the plan You 12:01 A.M. on the 366th day after the date the Coverage Term purchased. Please contact Us immediately if You believe that starts. the Letter of Confirmation is incorrect. Individual Travel Effective Date: The Trip Cancellation coverage is in effect for each Trip made during the Coverage Term. Other insurance Insurance Policy RENEWAL CONDITIONS This Policy is issued for a single term and is non-renewable. coverages are in effect during each Trip made during the Coverage Term, effective on each Trip's Scheduled Departure Date and upon Your leaving your residence, place of employment, lodging or other location from which You directly PLEASE READ THIS POLICY CAREFULLY FOR FULL start Your Trip. FOR SERVICE, VISIT OR CALL: DETAILS. This Policy is a legal contract. The entire contract consists of No coverage is in effect for any Trip that is made by mass www.allianztravelinsurance.com transit, taxi, limousine service, personal automobile, bus, this Policy: any Endorsements or Riders attached to it; and the 1-800-284-8300 Letter of Confirmation. Capitalized words are defined terms. commuter rail or airline service, including inter-urban rail Please see the Definitions section. service by Amtrak unless the Trip is scheduled: 1. to take You at least 100 miles from Your residence, place FOR EMERGENCY ASSISTANCE of employment, lodging or other location from which You DURING YOUR TRIP CALL: PLAN FEATURES directly start Your Trip; TABLE OF CONTENTS 2. the scheduled Trip must not exceed 45 days length at the time of booking. 1-800-654-1908 Part I. Effective Date (From U.S.) Part II. Termination Date Part II. TERMINATION DATE Part III. General Exclusions Termination of Coverage for a Trip: All coverages with 1.804-281-5700 Part IV. Description of Travel Insurance Coverages respect to a given Trip end on the earliest of: Part V. General Provisions 1. Your arrival at Your residence, place of employment, (Collect) Part VI. Claims Filing Procedures lodging or other location at Your return destination to Part VII Definitions which You go directly following Your Trip; 2. Your return date: 3. cancellation of the Trip; Signed for BCS Insurance Company, 2 MidAmerica Plaza, 4. 12:01 A.M. on the 46th day after the date You started Global Assistance Suite 200, Oakbrook Terrace, IL 60181. Your Trip; or 5. at 12:01 A.M. on the 366th day after the Coverage Term starts. iA•actio4 Extension of Coverage for a Trip: All coverages will be extended with respect to a given Trip provided: 1. Your entire Trip falls within a Coverage Term; and 2. Your return is delayed by an event beyond Your control. If coverage is extended, coverage will end on the earlier of Your arrival at Your residence, place of employment, lodging BCS Insurance Company or other location at the return destination to which the insured Allianz Global Assistance and Allianz Travel Insurance branded directly goes following the Trip; or seven days after the return plans are underwritten by BCS Insurance Company. AGA Service 52.201.401.NY PC date. Company is the licensed producer for this plan. Page 1 ©2015 AGA Service Company TI_BCS_401_03_P_NY_V2S EFTA00304615 Termination of Annual Coverage: Premium is paid on an 10. Nuclear reaction, radiation or radioactive contamination; You have purchased a plan where Pre-existing Conditions are annual basis. Your insurance will continue in effect until 12:01 11. Natural disasters (unless as specifically covered); waived. We cover Pre-existing Conditions provided: A.M. on the 366th day after the date of the Coverage Term 12. Epidemic; 1. On the date of purchase of insurance. You were starts as shown on Your Letter of Confirmation. 13. Pollution or threat of pollutant release; or medically able to travel and You had not filed a claim for 14. Any commission of or attempt to commit a felony by You, Trip Cancellation due to a pre-existing Illness within 120 Part III. GENERAL EXCLUSIONS Family Members, or Traveling Companions, whether they days prior to the purchase of insurance; These exclusions apply to the following benefits: Trip are insured or not. 2. The total Trip cost is $10,000 per person or less; and Cancellation and Interruption Protection, Change Fee 3. On the date of purchase of insurance, You are a resident Coverage. Frequent Traveler/Loyalty Program Coverage, These plans do not cover You: of the United States. Travel Delay Coverage, Baggage Coverage, Baggage Delay 1. If the purpose of the travel is to receive medical care, Coverage. Business Equipment Coverage, and Business medication or treatment; If You do not meet the above criteria, You may still be covered Equipment Rental Coverage. 2. If You are not a resident of the USA; for Trip Cancellation or Trip Interruption caused by reasons 3. If the stated Trip departure and return dates do not reflect other than those related to a Pre-existing Condition. In addition to any exclusions that apply to a particular benefit, Your intended departure and return dates; no coverage is provided for any loss arising directly or 4. If the tickets and rental contract do not indicate the travel Part IV. DESCRIPTION OF TRAVEL INSURANCE indirectly out of or as a result of the following: dates; COVERAGES (what is covered) 1. Intentionally self-inflicted harm, suicide or attempted 5. If You give incorrect data or facts; or The following insurance benefits are designed to protect You suicide by You, Your Traveling Companion or Your 6. If the loss is not submitted to Us within 120 days from the against situations or losses that result from sudden and Family Member; date of loss, except as otherwise prohibited by law. unexpected conditions or events. The benefits do not cover 2. Normal Pregnancy (unless as specifically covered), foreseeable events on the date of insurance purchase. Please fertility treatments, Childbirth or elective abortion, other PRE-EXISTING CONDITIONS EXCLUSION AND WAIVER be aware that this stipulation may be applied to policies than unforeseen complications of pregnancy, of You, a This exclusion applies to Trip Cancellation and Interruption purchased with the Pre-existing Conditions Exclusion Waiver. Traveling Companion, or a Family Member; Coverage. and to those travel assistance services related to 3. Mental or nervous health disorders, including but not medical problems. TRIP CANCELLATION AND INTERRUPTION COVERAGE limited to: anxiety. depression, neurosis or psychosis; or Trip Cancellation Coverage provides benefits for loss(es) You physical complications resulting from the mental or The plan does not cover losses or expenses if they result from: incur for Trips canceled up to the time and date of departure. nervous health disorder related thereto of You, a 1. Any injury to You, a Traveling Companion, or a Family Trip Interruption Coverage provides benefits for loss(es) You Traveling Companion or a Family Member Member occurring prior to the effective date of Your incur for Trips that are interrupted or delayed after the time 4. Alcohol or substance abuse or use (unless administered insurance; or and date of departure. on the advice of a Physician): or conditions or physical 2. Any illness occurring to You, a Traveling Companion, or a complications related thereto of You, a Traveling Family Member during the 120 days prior to the effective For all covered reasons outlined below, You must notify the Companion or a Family Member; date of Your insurance for which: (a) medical diagnosis or appropriate travel supplier(s) of Your cancellation or 5. War (whether declared or undeclared), acts of war, treatment by a Physician has been sought or advised or interruption within 72 hours of the occurrence, unless the military duty (unless as specifically covered), civil disorder for which symptoms exist which would cause a prudent condition prevents it then as soon as reasonably possible. or unrest (except as provided for in Travel Delay): person to seek diagnosis, care, or treatment or (b) require Otherwise the right to compensation will lapse. 6. Participation in professional or amateur sporting events taking prescribed drugs or medicine unless the illness (including training); remains controlled without any change in the required A maximum benefit of up to the amount indicated on Your 7. All extreme, high risk sports including but not limited to: prescription. Letter of Confirmation is provided to cover certain expenses as bodily contact sports; skydiving; hang gliding, bungee listed below which result from the cancellation of Your Trip due jumping, parachuting; mountain climbing or any other For the purposes of determining any Pre-existing Conditions, to: high altitude activities, caving, heli-skiing, extreme skiing, the effective date of Your insurance will be Your Trip 1. Any serious Injury or any unforeseen serious medical or any skiing outside marked trails; Cancellation Coverage effective date, if Trip Cancellation condition: 8. Scuba diving (unless accompanied by a dive master and Coverage is purchased. If no Trip Cancellation Coverage is a. Occurring to You or a Traveling Companion, which is not deeper than 130 feet); purchased, it will be Your Trip departure date. so disabling as to cause a reasonable person to 9. Operating or learning to operate any aircraft as pilot or delay, cancel, or interrupt their Trip; crew; Page 2 EFTA00304616  b. Occurring to a Family Member that is considered life For foreign Terrorism coverage only, coverage for travel 17. You or a Traveling Companion become legally separated threatening or requiring hospitalization; or to or through countries in which such a documented or or divorced after the purchase of insurance and prior to c. Occurring to a Family Member requiring Your care. reported incident has occurred during the 30 days prior to the departure date, provided that the Insurance was For Trip Cancellation benefits: an actual examination by a purchase of the insurance is excluded. Losses resulting purchased within 14 calendar days of the initial Trip Physician must take place within 72 hours of the due to the issuance of travel advisories, bulletin or alerts; deposit or payment. cancellation. For Trip Interruption benefits: this war or acts thereof; civil disorder, riot or unrest; bomb examination must take place during Your Trip. This scares or threats of terrorist activity; or Terrorist Ads Coverage is for: Physician may not be a member of Your or Your against any Common Carrier (e.g., airline or cruise line) 1. Forfeited, published, Trip payments or deposits incurred Traveling Companion's family or yourself, or a Family are not covered. as a result of cancellation penalties for which You are not Member of the person whose condition caused the 9. You or a Traveling Companion, who are on Active Military eligible to receive a Refund; cancellation or interruption. Duty in the United States Armed Forces: 2. For Trip Interruption, the pro-rated portion of the pre-paid 2. Your death, the death of a Family Member or a Traveling a. having Your personal leave revoked within 10 days Trip missed; Companion if the death occurs within 30 days prior to prior to Your departure date (as long as such 3. The additional cost resulting from a change in the per- Your Scheduled Departure Date or during Your Trip. revocation is in writing by a superior officer and is person occupancy rate for prepaid travel arrangements if 3. Strikes, natural disasters, severe weather or FM not due to war-related situations, invocation of the a Traveling Companion's Trip is canceled or interrupted mandated shutdown resulting in the complete cessation War Powers Act, base or unit mobilization, unit for one of the above covered reasons and Yours is not; of services by the airline, the tour operator or the cruise reassignment for any reason, or disciplinary action); 4. Reasonable, additional accommodation and line for at least 24 consecutive hours or a road closure or transportation expenses up to 5100 per day up to a causing a delay in reaching Your destination for at least b. are personally reassigned within 10 days prior to maximum of five days if a covered Traveling Family 12 consecutive hours. The Company will not cover losses Your departure date, whether temporary or Member or Traveling Companion must remain resulting from strikes of the person, organization, agency, permanent. hospitalized; or tour operator, or their affiliate companies, that solicited 10. You or a Traveling Companion being the victim of a 5. Reasonable, additional travel costs for You to reach Your this coverage andJor Your insured travel arrangements to Felonious Assault within 10 days prior to Your departure original destination if You must depart after Your planned You. date or during Your Trip. A Felonious Assault may not be departure date due to one of the above reasons; or 4. You or a Traveling Companion being hijacked, carjacked inicted by You, a Family Member, Traveling Companion 6. Reasonable, additional transportation expenses needed or quarantined. or Traveling Companion's Family Member. to reach the scheduled termination point of Your Trip or to 5. You are required to serve on a jury, served with a court 11. You or Your Traveling Companion, after having been with travel from the place Your Trip was interrupted to the order or subpoena. the same employer for at least three continuous years, place where You can rejoin Your Trip and the unused 6. Your Primary Residence being made uninhabitable by are terminated or laid off, through no fault of Your own, portion of any non-refundable land, sea and air fire, flood, burglary, vandalism, or natural disasters. after Your effective date of coverage. arrangements that were paid as part of Your Trip. 7. You or a Traveling Companion being directly involved in a 12. Your family or friends living abroad with whom You were traffic Accident that causes either: a) a medical planning to stay, are unable to accommodate You due to The benefits paid under 5 and 6 above wil not exceed the cost emergency for You or a Traveling Companion; or b) life threatening Illness, life threatening Injury or death of of economy airfare by the most direct route on the next damage to the automobile, which creates an immediate one of them. available carrier, less any Refunds paid to You. need for repair to ensure the safety of the passengers. 13. A covered Travel Delay that results in the loss of more 8. Terrorist Acts committed by organized terrorist groups than 50% of Your scheduled Trip length. Trip Cancellation/Interruption benefits do not cover loss(es) (recognized as such by the U.S. State Department) that 14. Theft of Your automobile that results in Your inability to due to: result in property damage, Injury or loss of life. The take or continue Your Trip. 1. Any General Exclusion or Pre-existing Condition; incident must take place in a domestic or foreign city in 15. For Trip Cancellation only: Your Normal Pregnancy, as 2. You or a Traveling Companion: a) making changes to which You are scheduled to arrive within 30 days long as the pregnancy occurs after Your effective date of personal plans; b) having a business or contractual following the incident and Your tour operator (if coverage that can be verified by medical records. obligation; c) being unable to obtain necessary travel applicable) must not have offered a substitute itinerary. 16. For Trip Cancellation only: You will be attending a Family documents; or d) being detained or having property Member's Childbirth at the time the covered Trip is confiscated by any Customs authority; scheduled to take place as long as the pregnancy occurs 3. Carrier caused delays (including bad weather) unless as after the effective date of coverage that can be verified by covered above; medical records. Page 3 EFTA00304617 4. Prohibition or regulation by any government; or Covered reasons for Travel Delay are: 4. Bicycles, skis. snowboards (except when checked with a 5. Travel arrangements canceled by the airline, cruise line 1. Carrier caused delay (including bad weather); Common Carrier): or tour operator. 2. Lost or stolen passports, money, or travel documents; 5. Aircraft, boats or any other vehicles or conveyances; 3. Quarantine: 6. Eyeglasses. sunglasses, contact lenses, hearing aids, Please refer to Your Letter of Confirmation for the maximum 4. Hijacking: artificial teeth and limbs: coverage amount available under Your plan. 5. Unannounced strikes; 7. Tickets, keys, money, securities, bullion, stamps, credit 6. Natural disaster; cards, documents (travel or otherwise) and deeds; CHANGE FEE COVERAGE 7. Civil disorder or unrest; or 8. Property shipped as freight or shipped prior to Your Trip A maximum benefit of up to the amount indicated on Your 8. Severe storms that cause a route closing validated by the departure date: Letter of Confirmation is provided to cover for loss(es) You National Weather Service records and local Department 9. Rugs or carpets of any type; incur if You have to change the dates of Your airline ticket for of Transportation records. 10. Perishables, medicines, perfumes, cosmetics and the covered reasons stated below: consumables; 1. A medical emergency (requires an actual examination by No coverage will be provided for loss(es) due to any General 11. Property used in trade, business or for the production of a Physician) occurring to You. a Traveling Companion or Exclusion. income or offered for sale or trade or components of a Family Member; or goods offered for sale or trade; 2. You or a Traveling Companion being delayed by bad Please refer to Your Letter of Confirmation for the maximum 12. Property that is left in or on a car trailer; weather while en route to a departure provided the car coverage amount available under Your plan. 13. Property that is left in a vehicle if the vehicle is not was scheduled to arrive at the point of departure at least properly secured; or two hours before the scheduled time of departure. BAGGAGE COVERAGE 14. Damage to the property resulting from defective materials Coverage is secondary to any coverage provided by a or workmanship, ordinary wear and tear, and normal No coverage will be provided for loss(es) due to any General Common Carrier or hotel, if any. deterioration. Exclusion. If Baggage is lost, damaged or stolen, the Company will pay The plan will pay the lesser of: Please refer to Your Letter of Confirmation for the maximum the loss, up to the maximum amount indicated on Your Letter 1. The actual purchase price of a similar item; or coverage amount available under Your plan. of Confirmation, provided You have taken all reasonable 2. The Actual Cash Value of the item at the time of loss, measures to protect, save andlor recover Your property at all which includes deduction for depreciation (for items FREQUENT TRAVELEFULOYALTY PROGRAM COVERAGE times. Notwithstanding the foregoing, We will cover up to a without receipts, the plan will pay up to 75% of the If You used frequent traveler awards (frequent flyers miles or maximum amount of $500 for any and all jewelry, watches, determined depreciated value); or hotel rewards) for any part of a Trip, the Company will pay the gems, furs, cameras, and camera equipment, camcorders, 3. The cost to repair or replace the item. fees incurred by You for re-depositing those awards in Your sporting equipment, computers, radios and other electronic account if the Trip is canceled for any of the reasons under items and only when original receipts are provided. Please refer to Your Letter of Confirmation for the maximum Trip Cancellation and Interruption Coverage. coverage amount available under Your plan. You must notify the appropriate local authorities at the place Please refer to Your Letter of Confirmation for the maximum the loss occurred and inform them of the value and description BAGGAGE DELAY COVERAGE coverage amount available under Your plan. of Your property within 24 hours after the loss. Finally, You If Your personal Baggage is delayed or misdirected for at least must file written proof of loss with the Company within 120 24 hours by a Common Carrier, the plan will reimburse You on TRAVEL DELAY COVERAGE days from the date of loss, except as otherwise prohibited by a one-time basis for the reasonable, additional purchase of Coverage under the plan will pay on a one-time basis up to the law. attaching copies of airline, cruise line or Common Carrier essential items. Verification of the delay by the Common maximum amount listed on Your Letter of Confirmation for claim forms, original police reports, an itemization and Carrier and receipts for the emergency purchases must reasonable, additional accommodation and traveling expenses description of lost items and their estimated value, and all accompany any claim. due to a departure delay of six or more hours. Prepaid receipts. credit card statements, canceled checks. photos, or expenses are not covered. Expenses must be incurred by other appropriate documentation as may be required. No coverage will be provided for loss(es) due to any General You. Payments for additional expenses will not exceed $150 Exclusion. per day per person for all persons insured under Your Policy Property or losses not covered: as named on Your Letter of Confirmation. 1. Losses incurred as a result of any General Exclusion; Please refer to Your Letter of Confirmation for the maximum 2. Animals; coverage amount available under Your plan. 3. Automobiles and equipment, motorcycles and motors; Page 4 EFTA00304618 BUSINESS EQUIPMENT COVERAGE BUSINESS EQUIPMENT RENTAL COVERAGE misstatements, made by the insured shall be used to void Coverage is secondary to any coverage provided by the If Your business equipment is damaged. lost or delayed by the the Policy or to deny a claim for loss incurred or disability Common Carrier. Common Carrier for 12 hours or more, or stolen, the plan will (as defined in the Policy) commencing after the expiration reimburse You on a one-time basis for the reasonable costs of of such two year period. If Your business equipment is lost by the Common Carrier, or renting business equipment during Your Trip up to the amount 5. On the Policy effective date shown in the Letter of damaged, or stolen, We will pay up to the amount on Your indicated on Your Letter of Confirmation. Confirmation, if any provision conflicts with the laws of the Letter of Confirmation provided You have taken all reasonable State in which You reside, it shall be deemed amended to measures to protect, save and recover Your property at all A police report is required if Your business equipment is conform to law. times. stolen. A Common Carrier report is required for proof of 6. Appraisal: In case You and We shall tail to agree as to damage by, delay by or being lost by the Common Carrier. the Actual Cash Value or the amount of loss, then, on the Property or losses not covered: written demand of either, each shall select a competent 1. Losses incurred as a result of any General Exclusion; No coverage will be provided for loss(es) due to any General and disinterested appraiser and notify the other of the 2. Items other than business equipment Exclusion. appraiser selected within twenty days of such demand. 3. Intentional Acts; The appraisers shall first select a competent and 4. Gross negligence or willful and wanton conduct; Please refer to Your Letter of Confirmation for the maximum disinterested umpire; and failing for fifteen days to agree 5. Business equipment shipped as freight or shipped prior to coverage amount available under Your plan. upon such umpire, then upon Your or Our request, such Your Scheduled Departure Date; umpire shall be selected by a judge of a court of record in 6. Business equipment that is left in or on a vehicle or a car Part V. GENERAL PROVISIONS RELATED TO INSURANCE the state in which the property covered is located. The trailer: COVERAGES appraisers shall then appraise the loss, stating separately 7. Business equipment that is lost by a Common Carrier and 1. All suits, actions or legal proceedings arising from the Actual Cash Value and loss to each item: and, failing to the loss is not reported to the Common Carrier within 24 plans. benefits, or services provided through the plans agree, shall submit their differences, only, to the umpire. hours after the loss and a claim is not filed with the (collectively 'Controversies") may be submitted to binding An award in writing, so itemized, of any two when filed Common Carrier; desk arbitration in accordance with the rules then with Us shall determine the amount of Actual Cash Value 8. Business equipment that is stolen and the theft is not applying to the American Arbitration Association. Such and loss. Each appraiser shall be paid by the party reported to the appropriate authorities; or arbitration must be upon mutual agreement. No request selecting him and the expenses of appraisal and umpire 9. Damage to the business equipment resulting from for arbitration can be brought to recover benefits until 60 shall be paid by the parties equally. defective materials or workmanship, ordinary wear and days have elapsed following submission of Your entire tear and normal deterioration. claim to Us. No action in any form can be brought after Assignment: You may assign Your interest under the Policy three years from the date Your claim was submitted to by giving Us written notice of such assignment. The If Your business equipment is lost or stolen or damaged. the Us. assignment will not be effective until We receive the written plan will pay the lesser of: 2. No agent or other person has authority to accept or make notice. We do not assume any responsibility for the validity of 1. The cost to repair the item if damaged: or representations or information or alter, modify or waive any assignment. 2. An amount based on the age of the item as follows: any of the provisions of this Policy. Cancellation by Insured: The insured may cancel this Policy If up to 12 months old 90% of the purchase price 3. In the event that You are covered under another policy at any time by written notice delivered or mailed to the insurer, If up to 24 months old 50% of the purchase price issued by the Company that provides the same or similar effective upon receipt of such notice or on such later date as If up to 48 months old 25% of the purchase price coverage, the Company will refund any premium for the may be specified in such notice. In the event of cancellation or Over 48 months old 0% duplicate Policy that You choose. death of the insured, We will promptly retum the unearned 4. Misrepresentations and Fraud: Coverage shall be void if, portion of any premium paid. The earned premium shall be A police report is required for any stolen business equipment whether before or after a loss, the insured has concealed computed by the use of the short-rate table last filed with the claim. A Common Carri