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A. The following changes apply to the Property Choice Coverage Form: 1. "Autos" - Included as "Stock" (Including Customers "Autos") As used in this endorsement, 'Stock' Is re- defined as follows: "Stock" means merchandise and 'Autos' Including Customers 'Autos) held in storage or for sale, raw materials and In -process or finished goods, including supplies used in their packing or shipping. Property Not Covered, item I. as respects vehicles and self propelled machines, sub Items (1) and (2) do not apply to "Autos" as 'Stock'. 2. "Autos" (including Customer Autos) Valuation 3. 4. a. The Loss Payment and Valuation Condition - Actual Cash Value is deleted as respects 'Autos" (including customers autos) and is replaced with the following: We will determine the value of 'Autos' (Including customers autos) at actual cash value at the time and place of loss. This Is the only valuation that applies to 'Autos" (including customers autos). Business Personal Property In Transit (Including "Autos" and Customers Autos) The Limit of Insurance applicable to Business Personal Property in Transit Coverage Is $100,000, unless a higher Limit is shown on the Declarations. This Additional Coverage Is revised to include coverage for "Autos" (including Customers 'Autos*) driven under their own power. This Additional Coverage does not apply to any 'Autos' in the care custody control of a common or contract carrier, height forwarder, freight consolidator or freight broker. Business Personal Property at Unnamed Promises The Limit of insurance applicable to Business Personal Property at Unnamed Premises Coverage is $100,000 unless a higher Lint is stated in the Declarations. Lock R"eying or Replacement The following Additional Coverage Is added: In the event that keys or master keys are stolen or otherwise reasonably presumed to have been compromised at 'Scheduled Premises" due to "Theft" or vandalism, we will pay the lesser of the cost to: a. Rekey the locks, b. Install new lock cylinders, c. Provide new master keys, or d. Replace existing locks with new locks of like kind and quality. The most we will pay for loss under this Additional Coverage as a result of each occurrence is $10,OD0. This is an additional amount of insurance. 5. Newly Constructed Property - Building The limit of Insurance applicable to Newly Constructed Property - Buildings Is increased from $1,000,000 to $2,000,000. 7. Newly Acquired Property - Building The limit of insurance applicable to Newly Acquired Property - Building is Increased from $1,000,000 to $2,000,000. 6. Newly Acquired Property - Business Personal Property The Ilmft of Insurance applicable Newly Acquired Property - Business Personal Property Is increased from $500,000 to $1,000,000. 9. Utility Services The limit of Insurance applicable to Utility Services Is "crossed $10,000 to $100,000 for direct physical loss or direct physical damage to Covered Property under the Utility Services Additional Coverage unless a higher Limit for Utility Services is stated In the Property Choice Declarations. B. The following change applies to the Property Choice Covered Causes of Loss and Common Exclusions Form: 1. Theft Limitation to Specific Types of Covered Property Is revised as follows: Theft Umitation applicable to Employee Tools Is deleted. 2. The following SPECIFIC EXCLUSIONS do not apply to 'Autos": 8.3. Change of Temperature, Dampness or Dryness. B.S. Earth Movement. 0.9. Flood, Water Under the Ground. 8.19. Rain, Snow, ice, Sleet to Property in the Open B. 21. Smoke (Agricultural and Industrial) 8.24. Unauthorized Transfer of Property B. 26. Utility Services Interruption. 3. The following Exclusions are added and also apply to any loss that Is a consequence of the described loss or damage: a. We will not pay for loss or damage to "Autos' while being used In any Page 2 of 3 Form PC 50 32 07 04