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<br />b. The amount necessary to repair or replace the property; or <br /> <br />c. $500. <br /> <br />This coverage does not apply to electronic equipment. <br /> <br />8. lease Gap Coverage <br /> <br />If a long-term leased "auto" is a covered "auto" and the lessor is named as an Additional Insured - Lessor, In the <br />event of a total loss, we will pay your additional legal obligation to the lessor for any difference between the actual <br />cash value of the "auto" at the time of the loss and the "outstanding balance" of the lease. <br /> <br />"Outstanding balance" means the amount you owe on the lease at the time of loss less any amounts representing <br />taxes; overdue payments; penalties, interest or charges resulting from overdue payments; additional mileage <br />charges; excess wear and tear charges; and lease termination fees. <br /> <br />B. Exclusions <br /> <br />The following is added to Paragraph 3 <br /> <br />The exclusion for "loss" caused by or resulting from mechanical or electrical breakdown does not apply to the accidental <br />discharge of an airbag. <br /> <br />Paragraph 4 is replaced with the following: <br />4. We will not pay for "loss" to any of the following: <br /> <br />a. Tapes, records, disks or other similar audio, visual or data electronic devices designed for use with audio, visual <br />or data electronic equipment. <br /> <br />b. Equipment designed or used for the detection or location of radar. <br /> <br />c. Any electronic equipment that receives or transmits audio, visual or data signals. <br /> <br />Exclusion 4.c does not apply to: <br /> <br />(1) Electronic equipment that receives or transmits audio, visual or data signals, whether or not designed solely <br />for the reproduction of sound, if the equipment is permanently installed in the covered "auto" at the time of <br />the "loss" and such equipment is designed to be solely operated by use of the power from the "auto's" <br />electrical system, in or upon the covered "auto"; or <br /> <br />(2) Any other electronic equipment that is: <br /> <br />(a) Necessary for the normal operation of the covered "auto" or the monitoring of the covered "auto's" <br />operating system; or <br /> <br />(b) An integral part of the same unit housing any sound reproducing equipment described in (1) above and <br />permanently installed in the opening of the dash or console of the covered "auto" normally used by the <br />manufacturer for installation of a radio. <br /> <br />D. DEDUCTIBLE <br />The following is added: No deductible applies to glass damage if the glass is repaired rather than replaced. <br /> <br />SECTION IV. BUSINESS AUTO CONDITIONS <br /> <br />A. lOSS CONDITIONS <br /> <br />J~'() <br />r"~ <br /> <br />Li/7 <br /> <br />Item 2.a. and b. are replaced with: <br /> <br />Includes copyrighted material of Insurance Services OffICeS, Inc. with its pennission <br /> <br />Page 3 of4 <br /> <br />GECA 701 (01/01) <br /> <br />0911512003 CA 9769078 <br /> <br />NEUSXCLE1709 <br /> <br />AGENT COPY <br /> <br />PGDM060D J03315 <br /> <br />AGENTG 00000479 Page 27 <br />