Common use of Multiple Policies Clause in Contracts

Multiple Policies. More than one insurance policy may be required to comply with the insurance requirements. Signature. Please have an authorized representative of the insurance company manually sign the completed endorsement forms. Signatures must be originals, facsimile (rubber stamp, photocopy, etc.) or initialed signatures will not be accepted. Underwriter. The name and address of the insurance company underwriting the coverage must be noted on the endorsement form. In the case of syndicates or subscription policies, indicate lead underwriters or managing agent and attach a schedule of subscribers, including their percent participation. Document Reference. Include reference to the specific agreement (contract, lease, etc.) or indicate that all such agreements are covered. Coverage & Limits. The coverages and limits for each type of insurance are specified on the insurance requirement sheet. When coverage is on a scheduled basis, a separate sheet may be attached to the endorsement listing such scheduled locations, vehicles, etc., so covered. Excess Insurance. Endorsements to excess policies will be required when primary insurance is insufficient to comply with the requirements.