Conditions of Coverage

Conditions of Coverage. The following conditions apply to this Policy and must be complied with by the Insured as a condition precedent to coverage: (a) the Named Insured shall pay all premiums when due; failure to pay any premium by the due date may result in cancellation of this Policy; (b) the Insured shall give the Insurer prompt written notice of any occurrence, claim, or suit that may result in a claim under this Policy, including the time, place, circumstances, and identity of any injured persons or witnesses; (c) the Insured shall cooperate fully with the Insurer in the investigation, settlement, and defense of any claim or suit; (d) the Insured shall not, except at the Insured's own cost, voluntarily make any payment, assume any obligation, or incur any expense without the prior written consent of the Insurer; (e) the Insured shall submit to examination under oath when required by the Insurer and shall produce all records and documents relating to any claim; (f) the Insured shall take all reasonable steps to protect property from further damage after a loss; and (g) the Insured shall not admit liability or settle any claim without the prior written consent of the Insurer.