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COMMERCIAL AUTO <br />K. AIRBAGS <br />(2) Any, <br />The following Is added to Paragraph B.3„ Exciu� <br />(a) Overdue lease or loan payments at the <br />sans, of SECTION III — PHYSICAL DAMAGE <br />time of the "loss "; <br />COVERAGE: <br />(b) Financial penalties Imposed under a <br />Exclusion 3.a. does not apply to "loss" to one or <br />lease for excessive use, abnormal wear <br />more airbags in a covered "auto" you own that In- <br />and tear or high mileage; <br />flate due to a cause other than a cause of "loss" <br />(c) Securlty deposits not returned by the les- <br />set forth In Paragraphs A.1.b. and kri.c„ but <br />only: <br />sor; <br />a. If that "auto" is a covered "auto" for Compre- <br />(d) Costs for extended warranties, Credit Life <br />hensive Coverage under this policy; <br />Insurance, Accident or 1loan for <br />purchased <br />Insurance purchased with the loan or <br />b. The airbags are not covered under any war- <br />lease; and <br />ranty; and <br />(a) Carry-over balances from previous loans <br />c. The airbags were not intentionally Inflated, <br />or leases. <br />We will pay up to a maximum of $1,000 for any <br />M. BLANKET WAIVER OF SUBROGATION <br />one "loss". <br />The following replaces Paragraph A.S., Transfer <br />L. AUTO LOAN LEASE GAP <br />Of Rights Of Recovery Against Others To Us, <br />The following Is added to Paragraph A.4„ Cover. <br />of SECTION IV — BUSINESS AUTO CONDI- <br />age Extensions, of SECTION III — PHYSICAL <br />TIONS: <br />DAMAGE COVERAGE: <br />5. Transfer Of Rights Of Recovery Against <br />Auto Loan Lease Gap Coverage for Private <br />Others To Us <br />Passenger Type Vehicles <br />We waive any right of recovery we may have <br />In the event of a total "loss" to a covered "auto" of <br />against any person or organization to the ex- <br />the private passenger type shown In the Schedule <br />tent required of you by a written contract exe- <br />or Declarations for which Physical Damage Cov- <br />cuted prior to any "accident" or "less ", pro - <br />erage is provided, we will pay any unpaid amount <br />vided that the "accident" or "loss" arises out of <br />due on the lease or loan for such covered "auto" <br />the operations contemplated by such con - <br />less the following: <br />tract, The waiver applies only to the person or <br />(1) The amount paid under the Physical Damage <br />organization designated in such contract, <br />Coverage Section of the policy for that "auto "; <br />and <br />CA T4 20 07 10 @2010 The Travelers Indemnity Company. Ail rights reserved. Page 3 of 3 <br />Includes copyrighted material of insurance Services Office, Inc, with Its permisak?PROV D AS TO FORM <br />LISA E. ST'O RCK �y <br />Assistant City Attorney (�� <br />