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F. Fellow Employee Coverage for "loss" to wearing apparel and other SECTION II -- COVERED AUTOS LIABIL- personal effects which are: ITY COVERAGE, Exclusion B.S. does not (1) Owned by an"insured"; and apply if you have workers compensation in- (2) In or on your covered"auto"; surance in-force covering all of your em- ployees. No deductible applies to Personal Ef- G. Auto Loan Lease Gap Coverage fects Coverage. SECTION III — PHYSICAL DAMAGE COV- J. Hired Auto Physical Damage Coverage ERAGE, C. Limit Of Insurance, is amend- The following is added to SECTION III - ed by the addition of the following: PHYSICAL DAMAGE COVERAGE, A. In the event of a total "loss" to a covered Coverage,4. Coverage Extensions: "auto" shown in the Schedule of Declara- d. Hired Auto Physical Damage Cover- tions, we will pay any unpaid amount due on age the lease or loan for a covered "auto" less: If hired "autos" are covered "autos" for 1. The amount paid under the PHYSICAL Liability Coverage and this policy also DAMAGE COVERAGE section of the provides Physical Damage Coverage for policy; and an owned "auto", then the Physical 2. Any: Damage Coverage is extended to "au- tos" that you hire, rent or borrow subject a. Overdue lease/loan payments at the to the following: time of the"loss"; (1) The most we will pay for "loss" in b. Financial penalties imposed under a any one "accident"to a hired, rented lease for excessive use, abnormal or borrowed"auto" is the lesser of: wear and tear or high mileage. (a) $60,OOD c. Security deposits not returned by (b) The actual cash value of the the lessor; damaged or stolen property as d. Costs for extended warranties, of the time of the"loss"; or Credit Life Insurance, Health, Acci- (c) The cost of repairing or replac- dent or Disability Insurance pur- ing the damaged or stolen prop- chased with the loan or lease; and erty with other property of like e. Carry-over balances from previous kind and quality. loans or leases. (2) An adjustment for depreciation and H. Glass Repair--Waiver Of Deductible physical condition will be made in SECTION III — PHYSICAL DAMAGE COV- the event of a total"loss". ERAGE, D. Deductible is amended by add- (3) If repair or replacement results in ing the following: better than like kind or quality, we No deductible for a covered "auto"will apply will not pay for the betterment. to glass damage if the glass is repaired ra- (4) A deductible equal to the highest ther than replaced. Physical Damage deductible appli- I. Personal Effects Coverage cable to any owned auto will apply. The following is added to SECTION III - (5) This Coverage Extension will not PHYSICAL DAMAGE COVERAGE, A. apply to: Coverage,4. Coverage Extensions: (a) Any "auto" that is hired, rented c. Personal Effects Coverage or borrowed with a driver; or In the event of a total theft loss of your (b) Any "auto" that is hired, rented covered "auto" we will pay up to $400 or borrowed from your "employ- ee". Contractors Bonding and Insurance Company RAU 300 01 17 Contains copyrighted material of Page 3 of 6 Insurance Services Office, Inc.,with its permissi[AyPPRaVE#7 Cynthia Mora at 7:47 am,Nov 25,2024.