Common use of DUTIES IN THE EVENT OF LOSS OR DAMAGE Clause in Contracts

DUTIES IN THE EVENT OF LOSS OR DAMAGE. In the event of loss or damage which may result in a claim under this policy, the Insured: a) must take the measures necessary to salvage or protect Insured Property from further damage. The Insured must, however, allow the Company reasonable time and opportunity to examine the damaged property before repairs are undertaken or physical evidence of the Accident is removed; b) must assist the Company in investigating and adjusting the claim, including making property and records available and permitting the questioning of employees about any matter relating to the insurance or the claim; c) must send the Company a signed statement of loss containing the information the Company requires to settle the claim; and d) must not voluntarily incur any expense, other than at the Insured's own cost, except as expressly permitted in this policy.