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Last modified
12/1/2023 4:37:37 PM
Creation date
10/26/2021 9:06:00 AM
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Contracts
Company Name
MDG ASSOCIATES
Contract #
N-2021-205
Agency
Community Development
Expiration Date
6/30/2022
Destruction Year
2027
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7. <br />8. <br />a. You hie, rant or borrow; or <br />b. Your 'employee" hlres or rents under a written contract or agreement In that "amployes'a" name, <br />but only if the damage occurs while the vehicle Is being used In the conduct of your business, <br />subject to the following limit and deductible: <br />a. The most we will pay for "loss" In any one "accident" or "loss" Is the smallest of <br />(1) $50,000; or <br />(2) The actual cash value of the damaged or stolen property as of the time of the "loss"; or <br />(3) The cost of repalring or replacing the damaged or stolen property with other property of like <br />kind and quality, minus adeductible. <br />b. The deductible will be equal to the largest deductible applicable to any owned "auto" for that <br />coverage. <br />a. Subject to the limit, deductible and excess provisions described in this provision, we will provide <br />coverage equal to the broadest coverage applicable to any covered "auto' you own. <br />d. Subject to a maximum of $1,000 per "accidem", we will also cover the actual loss of use of the <br />hired "auto" if it results from an "accident", you are legally liable and the lessor Incurs an actual <br />financial lose. <br />9. This coverage extension does not apply to: <br />(1) Any "auto" that Is hired, rented or borrowed with a driver; or <br />(2) Any "auto" that is hired, rented or borrowed from your "employee" or any member of your <br />"employee's" household. <br />Coverage provided under this extension Is excess over any other collectible Insurance available at the <br />time of "loss". <br />TOWING AND LABOR <br />SECTION III " PHYSICAL DAMAGE COVERAGE, Paragraph A.2. Towing , is amended by the addition of <br />the following: <br />We will pay towing and labor costs incurred, up to the limits shown below, each time a covered 'auto" <br />classified and rated as a private passenger type, "light truck or "medium tntt:k' Is disabled: <br />a. For private passenger type vehicles, we will pay up to $75 per disablement. <br />b. For "light trucks", we will pay up to $75 per disablement. "Light trucks" are trucks that have a gross <br />vehicle weight (GVW) of 10,000 pounds or less, <br />a. For "medium trucks", we will pay up to $150 per disablement. "Medium trucks" are trucks that <br />have a gross vehicle weight (GVW) of 10,001-20,000 pounds. <br />However, the labor must be perforated at the place of disablement. <br />PHYSICAL DAMAGE •ADDITIONAL TRANSPORTATION EXPENSE COVERAGE <br />Paragraph A.4.a. Coverage Extensions, Transportation Expenses of SECTION III • PHYSICAL DAMAGE <br />COVERAGE, is emended to provide a limit of $50 per day and a maximum limit of $1,500. <br />RENTAL REIMBURSEMENT <br />SECTION III "PHYSICAL DAMAGE COVERAGE, A. Coverage, Is emended by adding the following: <br />s. We will pay up to $76 per day for rental reimbursement expenses Incurred by you for the rental of <br />an "auto" because of "accident" or "lose", to an 'auto" for which we also pay a "loss" under <br />Comprehensive, Specified Causes of Loss or Collision Coverages, We will pay only for those ex- <br />penses Incurred after the first 24 hours following the "aoddenP or "lose" to the covered "auto." <br />b. Rental Reimbursement requires the rental of a comparable or lesser vehicle, which In many cases <br />may be substantially less than $75 per day, and will only be allowed for the period of time it should <br />take to repair or replace the vehicle with reasonable speed and similar quality, up to a maximum of <br />30 days, <br />C. We will also pay up to $500 for reasonable and necessary expenses incurred by you to remove and <br />replace your tools and equipment from the covered "auto". This limit Is excess over any other <br />collectible Insurance. <br />2018 LIbeity Mutual Insurance <br />AC 65 43 0010 Includes copyrighted material of Insurance Services Was, Ino„wkh Its permisslo <br />Rink Mnnagmterd Dh isr"n <br />[REVIEW< &AP'PIRIOBr <br />'V'm <br />Rkk Management Analyst <br />
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