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