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you own, then the Physical Damage Coverages provided are extended to "autos" you hire or <br />borrow, subject to the following limit, deductible and conditions: <br />(1) The most we will pay for "loss" to any hired "auto" is: <br />a. $50,000;or <br />b. The actual cash value of the damaged or stolen property at the time of the <br />"loss"; or <br />c. The cost of repairing or replacing the damaged or stolen property with other <br />property of like kind, <br />whichever is smallest, minus a deductible. <br />(2) The deductible will be equal to the largest deductible applicable to any owned <br />"auto' for Physical Damage Coverage. <br />(3) Hired Auto Physical Damage coverage is excess over any other collectible <br />insurance. <br />(4) Subject to the above limit, deductible, and excess provisions, we will provide that <br />Physical Damage Coverage applicable to any covered "auto" you own. <br />(5) Subject to a maximum of $1,000 per "accident', we will also cover the actual loss of <br />use of the hired "auto" if it results from an "accident', you are legally liable, and the <br />lessor incurs and actual financial loss. <br />(6) This coverage extension does not apply to: <br />a. Any "auto" that is hired, rented or borrowed with a driver; <br />b. Any "auto' you hire or borrow from any of your "employees" or members of <br />their household; <br />c. Any "auto" you hire or borrow from any of your partners or members of their <br />household (if you are a partnership); or <br />d. Any "auto" you hire or borrow from any of your members or members of their <br />household (if you are a limited liability company). <br />3. TOWING AND LABOR <br />A. SECTION III — PHYSICAL DAMAGE COVERAGE, paragraph A. Coverage, paragraph 2. <br />Towing, is deleted in its entirety and replaced with the following: <br />We will pay towing and labor costs you have incurred, up to the limits shown below, for each <br />classification of covered "auto" shown below, each time a covered "auto" classified below is <br />disabled: <br />(1) For private passenger type vehicles, we will pay up to $50.00 per disablement. <br />(2) For "light trucks", we will pay up to $75.00 per disablement. "Light trucks" are <br />trucks that have a gross vehicle weight of 10,000 pounds or less. <br />However, the labor must be performed at the place of disablement. <br />4. ACCIDENTAL AIRBAG DEPLOYMENT COVERAGE <br />A. SECTION III — PHYSICAL DAMAGE COVERAGE, paragraph B. Exclusions, paragraph 3 is <br />amended by adding the following: <br />This exclusion does not apply to the accidental discharge of an airbag. <br />Any insurance we provide for "loss" relating to the accidental discharge <br />excess over any other collectible insurance or reimbursement by manu <br />REVIEWED & APPROVED BY: <br />A ju "44 <br />Risk Management Specialist <br />SA 00039 00 (01/18) Includes material copyrighted by ISO Properties, Inc., with its permission Page 2 of 4 <br />79242088 1 23-24 GL, Auto, Ombl, Prof. Liab fi WC I lima Cortez 1 3/26/2024 1:04:00 PM (PDT) I Page 5 of 10 <br />