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TOWNSEND PUBLIC AFFAIRS (2)
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TOWNSEND PUBLIC AFFAIRS (2)
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Last modified
5/20/2021 4:18:43 PM
Creation date
4/15/2021 3:26:51 PM
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Contracts
Company Name
TOWNSEND PUBLIC AFFAIRS
Contract #
A-2021-049
Agency
City Manager's Office
Council Approval Date
4/6/2021
Expiration Date
3/31/2022
Insurance Exp Date
7/1/2021
Destruction Year
2027
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a. Be based on an estimate which includes <br />parts furnished by the original equip- <br />ment manufacturer or other sources in- <br />cluding non -original equipment manu- <br />facturers and <br />b. If a repair or replacement results in bet- <br />ter than like kind or quality, we will not <br />pay for the amount of the net improve- <br />ment. <br />5. If we offer to pay the actual cash value of <br />the damaged or stolen property, we will <br />value auto advertising wraps, paint customi- <br />zation, and similar business related advertis- <br />ing modifications, in addition to the actual <br />cash value of the property. Auto advertising <br />wraps, paint customization, and similar <br />business related advertising modifications <br />will be valued at the cost to replace them <br />with an adjustment made for depreciation <br />and physical condition. <br />S. NEW VEHICLE REPLACEMENT COST <br />The following is added to the Limit of Insurance <br />provision of SECTION III — PHYSICAL <br />DAMAGE COVERAGE: <br />5. The provisions of paragraphs 1.and 3. do <br />not apply to a covered "auto" of the private <br />passenger type or a vehicle with a gross ve- <br />hicle weight rating of 20,000 pounds or less <br />which is a "new vehicle." <br />In the event of a total "loss" to your "new ve- <br />hicle" to which this coverage applies, we will <br />pay at your option: <br />a. The verifiable "new vehicle" purchase <br />price you paid for your damaged vehi- <br />cle, not including any insurance or war- <br />ranties purchased; <br />b. If it is available, the purchase price, as <br />negotiated by us, of a "new vehicle" of <br />the same make, model, and equipment <br />or the most similar model available, not <br />including any furnishings, parts, or <br />equipment not installed by the manufac- <br />turer or manufacturers' dealership; or . <br />c. The market value of your damaged ve- <br />hicle, not including any furnishings, <br />parts, or equipment not installed by the <br />manufacturer or manufacturer's dealer- <br />ship. <br />We will not pay for initiation or set up costs <br />associated with loans or leases <br />As used in this endorsement, a "new vehi- <br />cle" means an "auto" of which you are the <br />original owner that has not been previously <br />COMMERCIAL AUTO <br />AC 70 06 03 16 <br />titled and which you purchased less than <br />365 days before the date of the "loss". <br />T. PHYSICAL DAMAGE COVERAGE <br />EXTENSIONS <br />Under SECTION III — PHYSICAL DAMAGE <br />COVERAGE, A. Coverage, 4. Coverage Exten- <br />sions, b. Loss of Use Expenses is replaced by <br />the following: <br />b. Loss of Use Expenses <br />For Hired Auto Physical Damage, we will <br />pay expenses for which an "insured" <br />becomes legally responsible to pay for loss <br />of use of a vehicle rented or hired without a <br />driver, under a written rental contract or <br />agreement. We will pay for loss of use <br />expenses if caused by: <br />(1) Other than collision if the Decla- <br />rations indicate that Comprehen- <br />sive Coverage is provided for any <br />covered "auto"; <br />(2) Specified Causes of Loss only if <br />the Declarations indicate that <br />Specified Causes of Loss Cover- <br />age is provided for any covered <br />"auto"; or <br />(3) Collision only if the Declarations <br />indicate that Collision Coverage <br />is provided for any covered <br />"auto." <br />However, the most we will pay for any <br />expenses for loss of use is $50 per day, to a <br />maximum of $1,500. The insurance provided <br />by this provision is excess over any other <br />collectible insurance. <br />U. BUSINESS INCOME AND EXTRA EXPENSE <br />COVERAGE <br />1. Business Income Coverage <br />We will pay the actual loss of business in- <br />come sustained by you as a result of the <br />necessary suspension of your business dur- <br />ing the period of restoration due to "loss" to <br />a covered "auto" used in your business. The <br />loss must be caused by a cause of loss cov- <br />ered under item Al of Physical Damage <br />Coverage in this Coverage Part. <br />2. Extra Expense Coverage <br />We will pay the necessary and reasonable <br />extra expenses that you incur during the pe- <br />riod of restoration that you would not have <br />incurred had there been no "loss" to a cov- <br />ered "auto" used in your business- The Inss <br />AC 70 06 03 16 Includes copyrighted material of Insurance Services Office, Inc. �- °a e^ Risk MmWmen DMsian <br />with its permission z REVIEWED&APPROVED BY.- <br />Risk Management Analyst <br />
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