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PARAGON PARTNERS (2) -2011
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PARAGON PARTNERS (2) -2011
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Entry Properties
Last modified
2/15/2019 9:05:27 AM
Creation date
9/25/2012 2:33:29 PM
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Contracts
Company Name
PARAGON PARTNERS
Contract #
A-2011-056-01
Agency
PUBLIC WORKS
Council Approval Date
3/7/2011
Insurance Exp Date
5/22/2019
Destruction Year
0
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If we cancel for any reason other than <br />nonpayment of premium, we will mall or deliver <br />to the first Named Insured written notice of <br />cancellation at least 60 days before the effective <br />date of cancellation. <br />16.. HYBRID PAYMENT COVERAGE <br />In the event of a total loss to a "non -hybrid" auto <br />for which Comprehensive, Specified Causes of <br />Loss,. or Collision coverages are provided under <br />this Coverage Form, then such Physical <br />Damage Coverages are amended as follows: <br />a.lf the auto Is replaced with a '"hybrid" auto, we <br />will pay an additional 10%, to a maximum of <br />$2,500, of the "non -hybrid" auto's actual cash <br />value or replacement cost, whichever is less, <br />b.The auto must be replaced and a copy of a bill <br />of sale or new lease agreement received by us <br />within 60 calendar days of the date of "loss," <br />c. Regardless of the number of autos damaged <br />In any one "loss", the most we will pay under <br />this Hybrid Payment Coverage provision for <br />anyone "loss" is $10,000. <br />For the purposes of the coverage provision, <br />a.A "non -hybrid" auto Is defined as an auto that <br />uses only an internal combustion engine to <br />move the auto. <br />b.A "hybrid" auto is defined as an auto with an <br />internal combustion engine and one or more <br />electric motors; and that uses the internal <br />combustion engine and one or more electric <br />motors to move the auto, or the Internal <br />combustion engine to charge one or more <br />electric motors, which move the auto. <br />OO 2010, The Hartford (Includes copyrighted material <br />Form HA 9916 0910 of 180 Properties, Inc., with its permission.) Page 5 of 5 <br />
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