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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 />35 <br />