Change, Modification, or Waiver of Policy Terms. a. A waiver or change of the “terms” of this policy must be issued by “us” in writing to be valid. b. If “we” adopt a revision that broadens coverage under this edition of “our” policy without an additional premium, the broadened coverage will apply to “your” policy as of the date “we” adopt the revision in the state in which the “described location” is located. This applies only to revisions adopted within 60 days prior to or during the policy period shown on the “declarations”. However, this does not apply to revisions adopted as part of an overall program revision that both broadens and restricts coverage, whether “we” bring out the program revision by introducing: 1) a subsequent edition of “our” policy; or 2) an endorsement that amends “our” policy.
Appears in 4 contracts
Sources: Unit Owners Form, Insurance Policy, Homeowners Insurance Policy