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Business Auto Policy <br /> CMArdII liic <br /> 5. Other Insurance <br /> a. For any covered "auto" you own, this Coverage Form provides primary insurance. For any covered <br /> "auto" you don't own, the insurance provided by this Coverage Form is excess over any other <br /> collectible insurance. However, while a covered "auto" which is a "trailer" is connected to another <br /> vehicle, the Covered Autos Liability Coverage this Coverage Form provides for the "trailer" is: <br /> (1) Excess while it is connected to a motor vehicle you do not own; or <br /> (2) Primary while it is connected to a covered "auto" you own. <br /> b. For Hired Auto Physical Damage Coverage, any covered "auto" you lease, hire, rent or borrow is <br /> deemed to be a covered "auto" you own. However, any "auto" that is leased, hired, rented or <br /> borrowed with a driver is not a covered "auto". <br /> c. Regardless of the provisions of Paragraph a. above, this Coverage Form's Covered Autos Liability <br /> Coverage is primary for any liability assumed under an "insured contract". <br /> d. When this Coverage Form and any other Coverage Form or policy covers on the same basis, either <br /> excess or primary, we will pay only our share. Our share is the proportion that the Limit of <br /> Insurance of our Coverage Form bears to the total of the limits of all the Coverage Forms and <br /> policies covering on the same basis. <br /> 6. Premium Audit <br /> a. The estimated premium for this Coverage Form is based on the exposures you told us you would <br /> have when this policy began. We will compute the final premium due when we determine your <br /> actual exposures. The estimated total premium will be credited against the final premium due and <br /> the first Named Insured will be billed for the balance, if any. The due date for the final premium or <br /> retrospective premium is the date shown as the due date on the bill. If the estimated total premium <br /> exceeds the final premium due, the first Named Insured will get a refund. <br /> b. If this policy is issued for more than one year, the premium for this Coverage Form will be <br /> computed annually based on our rates or premiums in effect at the beginning of each year of the <br /> policy. <br /> 7. Policy Period, Coverage Territory <br /> Under this Coverage Form, we cover "accidents" and "losses" occurring: <br /> a. During the policy period shown in the Declarations; and <br /> b. Within the coverage territory. <br /> The coverage territory is: <br /> (1) The United States of America; <br /> (2) The territories and possessions of the United States of America; <br /> (3) Puerto Rico; <br /> (4) Canada; and <br /> (5) Anywhere in the world if a covered "auto" of the private passenger type is leased, hired, rented <br /> or borrowed without a driver for a period of 30 days or less, <br /> provided that the "insured's" responsibility to pay damages is determined in a "suit" on the merits, in <br /> the United States of America, the territories and possessions of the United States of America, Puerto <br /> Rico or Canada, or in a settlement we agree to. <br /> We also cover "loss" to, or "accidents" involving, a covered "auto" while being transported between <br /> any of these places. <br /> Form No: CA 00 01 10 13 Policy No: 7015271690 <br /> Policy; Page: 12 of 16 Po <br /> Underwriting Company: Valley Forge Insurance Company, 151 N Franklin St, Chicago, IL 60606 Po p; U <br /> REVIEW EO&APPROVED Br. <br /> Copyright Insurance Services Office, Inc., 2012 Risk Management Analyst <br />