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Policy Number 992043747 <br /> If you pay the fee for this Blanket Waiver of Subrogation Endorsement, we agree to <br /> waive any and all subrogation claims against any person or organization with whom <br /> a written waiver agreement has been executed by the named insured, as required by <br /> written contract, prior to the occurrence of any loss. <br /> ALL OTHER TERMS, LIMITS, AND PROVISIONS OF THE POLICY REMAIN <br /> UNCHANGED. <br /> Form 2368 (06/10) <br /> LOAN/LEASE GAP COVERAGE ENDORSEMENT <br /> This endorsement modifies insurance provided by the Commercial Auto Policy. All <br /> terms and conditions of the policy apply unless modified by this endorsement. <br /> INSURING AGREEMENT—LOAN/LEASE PAYOFF COVERAGE <br /> If you pay the premium for this coverage, and the insured auto for which this cover- <br /> age was purchased is deemed by us to be a total loss,we will pay, in addition to any <br /> amounts otherwise payable under Part II of your policy,the difference between: <br /> 1. the actual cash value of the insured auto at the time of the total loss;and <br /> 2. any greater amount the owner of the insured auto is legally obligated to pay under <br /> a written loan or lease agreement to which the insured auto is subject at the time <br /> of the total loss, reduced by: <br /> a. unpaid finance charges or refunds due to the owner for such charges; <br /> b. excess mileage charges or charges for wear and tear; <br /> c. charges for extended warranties or refunds due to the owner for extended <br /> warranties; <br /> d. charges for credit insurance or refunds due to the owner for credit insurance; <br /> e. past due payments and charges for past due payments;and <br /> f. collection or repossession expenses. <br /> However,our payment under this coverage shall not exceed the limit of liability shown <br /> on the declarations page.The limit of liability is a percentage of the actual cash value <br /> of the insured auto at the time of the loss. <br /> This coverage applies only if you have purchased both Comprehensive Coverage and <br /> Collision Coverage for that insured auto and the loss is covered under one of those <br /> coverages. <br /> ALL OTHER TERMS, LIMITS, AND PROVISIONS OF THE POLICY REMAIN <br /> UNCHANGED. <br /> 40 <br />