This insurance shall not be invalidated
should the Insured waive by express agreement prior to a loss any or all right
of recovery against any party for loss or damage insured against by this
policy. The Insured shall do nothing
after a loss to prejudice the subrogation rights of the Insurer.
Any recovery as a
result of subrogation proceedings arising out of a loss occurrence, after
expenses incurred in such subrogation proceedings are deducted, shall accrue to
the Insured first up to the amount of the deductible borne by the insured, the rest
of the amount of recovery remaining the Insurer's property.
Tags
S Clause