. Insurer and Owner have a contract pursuant to which insurer will compensate Owner for any damage caused by fire if Owner gives Insurer notification of the fire within 10 days after it occurs. The policy also provides that if Insurer fails to pay Owner without adequate cause after receiving notification, Insurer will not be liable unless Owner initiates a lawsuit against Insurer within one year after the date of the fire. A court construing this contract will conclude that: