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II. EMPLOYEES AS INSUREDS <br /> Paragraph A.1. Who Is An Insured of SECTION 11 - COVERED AUTOS LIABILITY COVERAGE is <br /> amended to add the following: <br /> Your "employee" is an "insured" while using with your permission a covered "auto" you do not own, hire or <br /> borrow in your business or your personal affairs. <br /> III. LESSOR-ADDITIONAL INSURED AND LOSS PAYEE <br /> A. Any "leased auto" will be considered an "auto" you own and not an "auto" you hire or borrow. The <br /> coverages provided under this section apply to any 'leased auto" until the expiration date of this policy or <br /> until the lessor or his or her agent takes possession of the"leased auto"whichever occurs first. <br /> B. For any 'leased auto" that is a covered "auto" under SECTION 11 - COVERED AUTOS LIABILITY <br /> COVERAGE, Paragraph A.I. Who Is An Insured provision is changed to include as an "insured" the <br /> lessor of the 'leased auto". However, the lessor is an "insured" only for "bodily injury" or "property <br /> damage" resulting from the acts or omissions by: <br /> 1. You. <br /> 2. Any of your"employees"or agents; or <br /> 3. Any person, except the lessor or any "employee" or agent of the lessor, operating a 'leased auto" <br /> with the permission of any of the above. <br /> C. Loss Payee Clause <br /> 1. We will pay, as interests may appear,you and the lessor of the"leased auto"for"loss"to the covered <br /> "leased auto". <br /> 2. The insurance covers the interest of the lessor of the 'leased auto" unless the "loss" results from <br /> fraudulent acts or omissions on your part. <br /> 3. If we make any payment to the lessor of a 'leased auto",we will obtain his or her rights against any <br /> other party. <br /> D. Cancellation <br /> 1. If we cancel the policy, we will mail notice to the lessor in accordance with the Cancellation Common <br /> Policy Condition. <br /> 2. If you cancel the policy,we will mail notice to the lessor. <br /> 3. Cancellation ends this agreement. <br /> E. The lessor is not liable for payment of your premiums. <br /> F. For purposes of this endorsement, the following definitions apply: <br /> "Leased auto" means an "auto" which you lease for a period of six months or longer for use in your <br /> business, including any"temporary substitute" of such 'leased auto". <br /> "Temporary substitute" means an "auto" that is furnished as a substitute for a covered "auto" when the <br /> covered "auto" is out of service because of its breakdown, repair, servicing, 'loss" or destruction. <br /> AC 84 0711 17 ©2017 Liberty Mutual Insurance Page 2 of 10 <br /> Includes copyrighted material of Insurance Services Office, Inc.,with its permission. I <br />