Laserfiche WebLink
6. BROAD FORM NAMED INSURED <br />a. The Who Is An Insured provision under SECTION 11 — LIABILITY COVERAGE is amended to include <br />the following: <br />Any organization which is a legally incorporated entity in which you own a financial interest of more than <br />50% of the voting stock on the effective date of this Coverage Form will be a Named Insured until the 160" <br />day or the end of the policy period whichever comes first, provided there is no other similar insurance avail- <br />able to that organization. <br />I Paragraph a. of this provision 6. does not apply to "bodily injury" or "property damage" for which an "in- <br />sured" is also an "insured" under any other automobile policy or would be an "insured" under such a poli- <br />cy, but for its termination or the exhaustion of its Limit of Insurance. <br />7. COMMUNICATIONS EQUIPMENT <br />a. The exclusion for electronic equipment under Exclusions of SECTION III — PHYSICAL DAMAGE <br />COVERAGE does not apply to loss of any permanently installed, non -removable communications equip- <br />ment designed for use as a: <br />1. Citizen's band radio; <br />2. Two-way mobile radio or telephone; <br />3. Scanning monitor receiver; or <br />4. GPS Navigation System, <br />including its antenna and other accessories. <br />b. No Deductible applies to this additional coverage. <br />c. The most we will pay for this coverage is $5,000 per occurrence, <br />6, DIMINUTION IN VALUE <br />The "diminution in value" exclusion under SECTION III — PHYSICAL DAMAGE COVERAGE, B. Exclusions <br />does not apply if the covered "auto" is a private passenger "auto" and is leased, rented, hired or borrowed <br />without a driver for a period of 30 days or less and is used in the conduct of the insured's business. The most <br />we will pay for "loss" arising out of an "accident" is the lesser of $7,500 or 20% of the actual cash value of the <br />"auto" as determined by Kelley Blue Book or other independent valuation sources. <br />9. DRIVE OTHER CAR— EXECUTIVE OFFICERS <br />a. The Who Is An Insured provision under SECTION II — LIABILITY COVERAGE is amended to include: <br />If you are designated in the Declarations as: <br />1. An individual; you and your spouse. <br />2. A partnership; your partners and their spouses. <br />3. An organization other than an Individual or a partnership; your "executive officers" and their spouses. <br />I SECTION II — LIABILITY COVERAGE and SECTION III — PHYSICAL DAMAGE COVERAGE are ex- <br />tended to include "autos" you don't own, hire, lease or borrow while in the care, custody or control of an <br />"Insured" listed in III This does not include any "auto": <br />1. Owned by any "insured" listed in 9.a., or any member of their household, including any such "auto" <br />that is owned but not insured; <br />2. Used by an "insured" listed in 9.a, while working in the business of selling, servicing, repairing or <br />parking autos; or <br />3. Insured under another policy of insurance. <br />If Medical Payments, Uninsured/Underinsured Motorist, Personal Injury Protection or other compulsory <br />coverages required by the governing jurisdiction are covered on this policy, then insureds listed in 9.a. <br />above and family members residing in the same households are "insureds" while: <br />1. Occupying as a passenger; or�db�' <br />2. A pedestrian when struck by, ,,��.55 <br />any "auto" you do not own, hire, lease or borrow, except any "auto" owirt d by that 'Tri sled in 9.a, <br />their family members or an "auto" insured under any other policy. n ld <br />c. The limits and deductibles applicable to this provision will be the largest <br />for the specific insurance. <br />Page 2 of 5 Includes copyrighted material of Insurance services Office, Inc. <br />Copyright 2004, One Beacon Insurance Group LLC <br />�R\ e'&hn "auto" <br />11Q <br />VCA 20101 09 <br />• <br />0 <br />