3.2 No Waiver; Responsibility for Deductibles. Seagate’s receipt of evidence of coverage that does not comply with these requirements, or Contractor’s failure to provide evidence of coverage, does not constitute a waiver or modification of these insurance requirements. Contractor shall promptly replace coverage upon notice of cancellation or nonrenewal so that no lapse in insurance occurs. Contractor shall pay all deductibles, co-insurance amounts and self-insured retentions.