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NCA 70 05 01 18 <br />b. The cost of repairing or replacing the <br />In the event of a total "loss" to your new vehicle <br />damaged or stolen property. <br />to which this coverage applies, we will pay at <br />2. $1500 is the most we will pay for "loss" in <br />your option: <br />any one "accident" to all electronic equip- <br />a. The verifiable "new vehicle' purchase <br />ment that reproduces, receives or <br />price you paid for your damaged vehicle, <br />transmits audio, visual or data signals <br />not including any insurance or warranties <br />which, at the time of 'loss", is: <br />purchased; <br />a. Permanently installed in or upon the <br />b. If it is available, the purchase price, as <br />covered "auto" in a housing, opening <br />negotiated by us, of a "new vehicle" of the <br />or other location that is not normally <br />same make, model, and equipment or the <br />used by the "auto" manufacturer for <br />most similar model available, not including <br />the installation of such equipment. <br />any furnishings, parts, or equipment not <br />b. Removable from a permanently <br />installed by the manufacturer or <br />installed housing unit as described in <br />manufacturers' dealership; or . <br />Paragraph 2.a. above or is an integral <br />c. The market value of your damaged <br />part of that equipment; or <br />vehicle, not including any furnishings, <br />c. An integral part of such equipment. <br />parts, or equipment not installed by the <br />3. An adjustment for depreciation and <br />manufacturer or manufacturer's <br />physical condition will be made in <br />dealership. <br />determining actual cash value in the event <br />We will not pay for initiation or set up costs <br />of a total "loss". <br />associated with loans or leases <br />4. The cost of repairing or replacing may: <br />As used in this endorsement, a "new vehicle' <br />a. Be based on an estimate which <br />means an "auto" of which you are the original <br />includes parts furnished by the original <br />owner that has not been previously titled and <br />equipment manufacturer or other <br />which you purchased less than 365 days <br />"loss". <br />sources including non -original <br />before the date of the <br />equipment manufacturers and <br />U. PHYSICAL DAMAGE COVERAGE <br />b. If a repair or replacement results in <br />EXTENSIONS <br />better than like kind or quality, we will <br />Under SECTION III — PHYSICAL DAMAGE <br />not pay for the amount of the net <br />COVERAGE, A. Coverage, Coverage Extensions, <br />improvement. <br />b. Loss of Use Expenses is replaced by the <br />5. If we offer to pay the actual cash value of <br />following: <br />the damaged or stolen property, we will <br />b. Loss of Use Expenses <br />value auto advertising wraps, paint <br />For Hired Auto Physical Damage, we will pay <br />customization, and similar business <br />expenses for which an "insured" becomes <br />related advertising modifications, in <br />legally responsible to pay for loss of use of a <br />addition to the actual cash value of the <br />vehicle rented or hired without a driver, under <br />property. Auto advertising wraps, paint <br />a written rental contract or agreement. We will <br />customization, and similar business <br />pay for loss of use expenses if caused by: <br />related advertising modifications will be <br />(1) Other than collision if the Declarations <br />valued at the cost to replace them with an <br />indicate that Comprehensive Coverage is <br />adjustment made for depreciation and <br />provided for any covered "auto"; <br />physical condition. <br />(2) Specified Causes of Loss only if the <br />T. NEW VEHICLE REPLACEMENT COST <br />Declarations indicate that Specified <br />The following is added to the Limit of Insurance <br />Causes of Loss Coverage is provided for <br />provision of SECTION III — PHYSICAL DAMAGE <br />any covered "auto"; or <br />COVERAGE: <br />(3) Collision only if the Declarations indicate <br />5. The provisions of paragraphs 1. and 3. do not <br />that Collision Coverage is provided for any <br />apply to a covered "auto' of the private <br />covered "auto". <br />passenger type or a vehicle with a gross <br />However, the most we will pay for any <br />vehicle weight rating of 20,000 pounds or less <br />expenses for loss of use is $50 per day, to a <br />which is a "new vehicle." <br />maximum of $1,500. The insurance provided <br />by this provision is excess over any other <br />collectible insurance. <br />NCA 70 05 01 18 Includes copyrighted material of Insurance <br />services Office, Inc., with its permission. Page 5 of 6 <br />