Laserfiche WebLink
Is. LOAN l LEASEGAP COVERAGE (Not Applicable In Now York) <br />A. Paragraph C. Mailk Of Insurance of BECTION fit " PHYSICAL DAMAGS COVERAGE Is amended by <br />adding the folloWing; <br />The most we will pay for a 9otal loss" to a covered "auto" awned by or leased to you in any one <br />',accident" 1s the greater of the: <br />1. Balance due under the farms of the. loan or lease to 'which the damaged covarsd "sutc" la <br />subject at ths'Bma 0the "foss" loss the amount Of; <br />a. 'Overdue payments and financial penalties associated whh those payments as of the data <br />of the 'lose, <br />la. Financial penalties Imposed under a lease due to high mileage, 'excessive uaa or abparmal <br />wear and tang <br />a. Costs for extended Warranties, Credit Ufa insurance, Health, Accident or Disability Inaury <br />nowpumhasod with tho'loort'orlease; <br />d. Transfor .or rollover balances from 'previous loans or Isaacs; <br />e. Final paymentdue under o "Balloon Loan"; <br />f. The dollar amount of any unrapelrad damage which occurred prior to the "Total lose" of a <br />covered Paulo"; <br />a. Security depoalta not refunded by a lessor, <br />h. Alf refunds payable or paid to YOU am a result ofths.early tamnina8on of a takes agreement <br />or as'a result of the early termination of any warranty or extended service agreatfFmnt on a <br />covered "auto"; <br />1. Any amount representing taxes; <br />1. Loan or lease iormlhation fees; or <br />2. The newel cash value of the damage or stolon property as of the time of the "lass". <br />An adjustment for depreciation and physical condition Wig be made in determining the actual <br />cash value at the time of the "toes". This adjustment is not applicable in Texas, <br />B. Additional Condltlana. <br />This coverage applies only to the original loan for which .the covered "auto" that Incurred the <br />"lass" serves as collateral, Or lease written an the covered "auto" that Inourrod the "loss", <br />C. SECTION .V.DEFINITIONE Is changed by adding the fallowing; <br />As used In this endorsement provision" the following dognidona :apply; <br />'Total loss' means a "loss" in which the coat of rapalm plus the salvage value exceeds the actual <br />cash value. <br />A "balloon loan" is one with periodic payments that are lnsufticlent to repay tho balance over (he <br />term of.t o loan, thetaby requiring a large final payment. <br />IS, GLASS REPAIR .WAIVER.OFDEDUCTIBLE <br />Paragraph D. Deductible Of SECTION IIi "PHYSICAL DAMAGE COVERAGE Is amended by the addition <br />x of the following: <br />No deducilble applies to gtaad: damage If the glass Is repaired What than 'replaced. <br />IT, PARKED AUTO COLIXON COVERAGE (WAIVER OF DEDUCTIBLE) <br />Paragraph D. Deductible of SECTION (it -PHYSICAL DAMAGE'COVERAGE Is amended by the addldon <br />of the following: <br />The. deductible does not apply to "lass" caused by collision to such covered "auks" of the private <br />pasmongor fype•cr light weight truck with a gross vehicle weight of 10,00,0 [be. or lase as defined by the <br />manufaowrsr as maximuto loaded weight the "auto" Is designed to carry while It is: <br />a, in the charge of an "insured"; <br />b. Legally parked; and <br />Q. Unompled. <br />m 2016Liberty Mutuatlnauraripe <br />AC 88 43 ae 18 Indudna capydghtad Malarial of Insure roe9ervlcve'lNBca, inv.,w lit Its pv miRalc <br />f- of RiskMm+age�neRi,Dlvl"Wn <br />VV PREVIEWED&pAP+P'RgjM BY. <br />�"` - Rbk Management Analyst ;-_ <br />