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v 15. LOAN 1 LEASEGAP COVERAGE (Not Applicable In New York) A. Paragraph C. Limit Of Insurance of SECTION IiI - PHYSICAL DAMAGE COVERAGE is amended by adding the following: The most we will pay for a'total loss' to a covered "auto" owned by or leased to you in any one "eaddera" Is the greater of the: 1. Balance due under the terms of the loan or lease to which the damaged covered "auto" is subject at the time of the "lose leas the amount of: a. Overdue payments and financial penalties associated with those payments as of the date of the 9oaa"; b. Financial penalties Imposed under a lease due to high mileage, excessive use or abnormal wear and tear, c. Costa for extended warranties, Credit Life Insurance, Health, Accident or Disability Insun ante purchased with the loan or lease; d. Transfer or rollover balances from previous loans or leases; 6. Final payment due under a "Balloon Loan"; L The dollar amount of any unrepairad damage which occurred prior to the 'total lose" of a covered °auto'; g• Security deposits not refunded by a lessor; h. All refunds payable or paid to you as a result of the early termination of a lease agreement or as a result of the early termination of any warranty or extended service agreement on a covered "auto"; 1. Any amount representing taxes; 1. Loan or lease termination fees; or 2. The actual cash value of the damage or stolen property as of the time of the "lose". An adjustment for depreciation and physical condition vdll be made In determining the actual cash value at the time of the "loss". This adjustment Is not applicable in Texas. B. Additional Conditions This coverage applies only to the original loan for which the covered "auto" that Incurred the 'lose" serves as collateral, or lease written on the covered "auto" that Incurred the "loss", C. SECTION -V • DEFINITIONS Is changed by adding the following: As used In this endorsement provision, the following de5nldona apply: "Total loss" means a "Ices" in which the coat of repairs plus the salvage value exceeds the actual cash value. A "balloon loan" is one with periodic payments that are Insufficient to repay the balance over the term of the loan, thereby requiring a large final payment. 16. GLASS REPAIR -WAIVER OFDEDUCTIBLE Paragraph D. Deductible of SECTION III - PHYSICAL DAMAGE COVERAGE is amended by the addition of the following: No deductible applies to glass damage if the glass is repaired rather than replaced. iT. PARKED AUTO COLLISION COVERAGE (WAIVER OF DEDUCTIBLE) Paragraph D. Deductible of SECTION 111 -PHYSICAL DAMAGE COVERAGE is Amended by the addition of the following: The deductible does not apply to "lose` caused by collision to such covered "auto" of the private passenger type or light weight truck with a gross vehicle weight of 10,000 [be. or lase as defined by the manufacturer as maximum loaded weight the "auto" Is designed to carry while it Is: a. in the charge of an "insured'; b. Legally parked; and c. Unoccupled. ® 20181.IbartyMuWalInsurance AC 05 43 06 18 Includes copydghtsd matanai of lneuranceServlcas Office, lno„with Its permisalr x. Risk Mattwgmtattotvubn Rwe&ED & APPROVED BY::( S.IIIL111F:t' F�.c+.c:n.t Z V&"cnt c( Risk Management Analyst