PENCO ENGINEERING, INC. 3 - 2015

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Any person fir organization with respect to the operation, maintenance, or use, of a cov- eted pour, provided (hat you and such person or organisation have agreed under fill ex pressed provision in a written insmredcontrw or written agtecnicn(, ur a written permit is. sued to you by a govennncntal or public au- thority, to add such person, organization, or gowminental mpublic mdhorily to this pol- icy as all insured Ilowevcr, such person fir organizanon is an insured: (I) Only Willi respect to the operation. maintenance, or use, of a covered auto; sand f2) Only for bodily injury or properly dam- sn„e caused by an accident which take, place title]: fs) %'nu executed file insured Contract or written agreement; or fill The penuit has been issued to you. 2. Porno CA0001 (il' attached to this policy). Section IV - Business Auto Conditions, A. Loss Conditions, item 5.; and form CA0020 fif attached to this policy), Section V -Motor CarrierCoc itlons, A. t,ws Contfilions, item 6.: the following is added: Waiver of Subrogation If required by v a. Written insured contracl or written agreement executed prior to the neciel l; or b, Written poni;it issued to you by a gov- ernmental or public authority prior to the accident; we waive any right of recovery we may have against any poison m' organization named ill such contract, ag rvement or permit, bccauso of payments Nye make for injury or damage arising out of ('he ownership, oaaintenance or use or a covered onto. D. Auto Medical Payments - Increased Limit For each Covered auto described in the Deduct - lions no shown in file ScheLlule as having Anto Medical Payments Cove;agc. the Medical Pav- mcnts I.imii of Insurance for (hose solos k revised to the grcatm' of: I. .55.000: or 2. 'File limit shown in the Declarations F.., Ifired Auto Physical Damage Covcrapc and Loss of Usc Expenses Hired Auto Physics] Dntnnge Coverage If Physical Damago Coverage is provided by this policy oil your owned covered Ruins, the following applies: Any auto that you (case, hire, rent or borrow widxan it driver, will be covered under this policy tin' Physical Damage Covcragc. Ilowevor any such suto: I. Wit( be Covered only for the, scone Physical Damage Coverage [hat applies to your owned covered ccocos; 2. Will be subjee[ to the some applicable deductible shown in the Declarations that applies to your most similar owned covered auto. except ally Comprehensive Coverage deductible does not apply Ill loss causer) by fire or lightning: and 3. The most we will pay for coy one lass in any one aceidcnt is the lesser of the Following: Actual cash value or the damaged or smAcn prolrcrty as of the time of the loss as dowrtnined by its; or b. The cost of repairing or replacing the damaged or stolen property Willi othu' property of like kind and quality. To nddicon, we will pay costs and le-cs associated With such Covered loss only for a mnsilnum tines Period of seven clays beginning with the date of loss, subject to a maximum of 5500. I I owcver: I. If torn CA0o01 is attached to this policy, this covenage does not tlpply to uuus you leaAe, hire, rent or burrow from any of your employees, pummels fif you are a partnership), members (if you arc a limited liability cem- peny) or members of their households: and CArma a-lo Page 2 of I REVIEWED L'Y:a, g j E.UNICE HEREDIA {PG