URBAN CROSSROADS, INC-2018 - Laserfiche WebLink

Home Browse Search

CNA63359XX (Ed. 04/12) C. Loss of Use Expenses Section III, Paragraph A.4.b. is revised, with respect to loss of use expenses incurred by you, to provide. a. $1,000 maximum, in lieu of$600. D. Hired "Autos" The following is added to Section III. Paragraph A. 5. Hired "Autos" If Physical Damage coverage is provided under this policy, and such coverage does not extend to Hired Autos, then Physical Damage coverage is extended to a. Any covered "auto" you lease, hire, rent or borrow without a driver; and b. Any covered "auto" hired or rented by your "employee" without a diver under a contract in that individual "employee's" name, with your permission, while performing duties related to the conduct of your business. c. The most we will pay for any one "accident" or "loss" is the actual cash value, cost of repair cost of replacement or $75,000, whichever is Tess, minus a $500 deductible for each covered auto. No deductible applies to "loss" caused by fire orlightning. cl. The physical damage coverage as is provided by this provision is equal to the physical damage coverage(s) provided on your owned "autos" e. Such physical damage coverage for hired autos will (1) Include loss of use, provided it is the consequence of an "accident' for which the Named Insured is legally liable, and as a result of which a monetary Toss is sustained bythe leasing orrental concern. (2) Such coverage as is provided by this provision will be subject to a limit of$750 per accident E. Airbag Coverage The following is added to Section III, Paragraph B.3. The accidental discharge of an airbag shall not be considered mechanical breakdown. F. Electronic Equipment Section III, Paragraphs B.4.c and B.4.d. are deleted and replaced by the following. c. Physical Damage Coverage on a covered "auto" also applies to "loss" to any permanently installed electronic equipment including its antennas and other accessories. cl. A $100 per occurrence deductible applies to the coverage provided by this provision. G. Diminution In Value The following is added to Section III, Paragraph B.6 Subject to the following, the "diminution in value" exclusion does not apply to'. a. Any covered "auto" of the private passengertype you lease, hire, rent or borrow, without dnverfor a period of 30 days or less while performing duties related to the conduct of your business; and b. Any covered "auto" of the private passengertype hired orrented by your "employee" without a driver fora period of 30 days or less, under a contract in that individual "employee's" name, with your permission, while performing duties related to the conduct of your business c. Such coverage as is provided by this provision is limited to a "diminution in value" loss arising directly out of accidental damage and not as a result of the failure to make repairs; faulty or incomplete maintenance or repairs; or the installation of substandard parts. cl. The most we will pay for "loss" to a covered "auto" in any one accident is the lesserof (1) $5,000; or (2) 20% of the "auto " actual cash value (ACV). III. Drive Other Car Coverage— Executive Officers The following is added to Sections II and III'. 1. Any "auto" you don't own, hire or borrow is a covered "auto" for Liability Coverage while being used by, and for Physical Damage Coverage while in the care, custody or control of any of your executive officers," except a. An "auto" owned by that "executive officer" ora member of that persons household; or CNA63359XX copyright, cow Corporation , loon. Page 2 of (Ed.04/12) Includes copyrighted material nhe Insurance services Office used with its permission.