<p>Notwithstanding what is stated in the policy condition nos. 27 &ldquo;Action of Suit Clause&rdquo; and 29 &ldquo;Settlement of Claim Clause&rdquo; of the Standard Fire Insurance Policy, the insurer hereby notes and agrees that in the event a claim arising under this coverage and which is determined compensable under this policy, the Insurer shall immediately pay in full in one (1) lump sum the total compensable amount as determined and approved by the Company from the appointed adjusters evaluation report even if the Insured&rsquo;s claim is more than the compensable amount approved by the Company.&nbsp; The receipt of the full amount in any one (1) lump sum as determined, approved by the Company from the adjuster&rsquo;s evaluation report, however, shall not be construed as a waiver on the part of the Insured to pursue its original claim through further negotiation, if necessary by arbitration.</p>
