STRAUB DISTRITUBING COMPANY 1 - 2016

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the theft and ending_ regardless of the policy's expiration when the covered "auto" is returned to use or we pay for its "loss." EXTRA EXPENSE - STOLEN AUTOS We will pay up to S1"000 for the expense of returning a stolen covered "auto" to you. We will pay only for those covered "autos" for zthich yon carry Comprehensive or Specified Causes of Loss Coverage, HIRED CAR PHYSICAL, DAMAGE COVERAGE For purposes of this section, the term "auto" is redefined to mean a land motor vehicle, '-trailer' or semitrailer with a gross vehicle weight under 20,000 pounds designed for travel on public roads, but sloes not include `innobile cquipmea." If Comprehensive, Specified Causes of Loss or Collision coverage is provided to all owned autos by this policy, you may extend that coverage to apply to Physical Damage -loss- to hired "autos", We hill provide coverage equal to the nruumum coverage available to tiny covered "auto" showif in the Declarations. But. the most we will pa} for `loss" to a hired `-sano" hn acv one' -accident" is the lesser of: 1. S50 000: or 2. The actual cash value of the clauaged or stolen property as of the time of the "loss:" or 3. The actual cost of repairing m replacing the damaged or stolen property with other property- of like kind or quality A pari is o'f idl e l hid and quality ii lien ii is of equal or better condition than the pre -accident part. We will use the original equipment from the manufacturer when; a) The operational safety of the vehicle night othctav'ise be impaired: b) Reasonable and diligent efforts to locate the appropriate rebuilt, aftermarket or used part have beet, unsuccessfid: c) A new original equipment pact of like kind and quafi(V is available and Will result in the lowest overall repair cost: (1) For vehicles insured under policies written on or before December 31- 2001 the vehicle has been used no more (hall li,(xa) miles unless the pre- accident condition warrants otbeairse: or e) For vehicles insnuecl under policies written on or alter lauum3 L 2004. the vehicle has been used no more than 20,000 miles unless the pre -accident condition wanuuts otherwise. FPICO200 (12-11) For each hired "auto" our obligation to pay "toss' will be reduced by a deductible equal to the highest deductible applicable to any owned "auto for that coverage. No deductible will be applied to 'loss " caused by fire or lightnuig. We hill also pap up to $500 per-acdclent° for loss of use of the lured "auto"" if it results from an "accident" for which yon are legally liable. The lessor mast suffer an actual famncial "loss' for this coverage to apply. Hired Car Physical Damage Coverage provided by this extension is excess over stay other collectible insurance. LOAN/LEASE GAP COVERAGE For purposes of this section, the term "auto"` is redefined to mean a land nnottia celilcle, "trailer' or semitrailer lvith a gross vehicle weight under 20,000 pounds designed for travel on public roads, but does not include -mobile equitairent" If a long -tern leased or financed "auto is a covered "auto" for the Physical Damage Coverage applicable to a total "Joss." and the lessor or financial institution is an additional insured under this Coverage Part, we will pay up to a maxiinarn of $15,000 the difference between amounts you owe the Iessor or ,financial institution under the lease or loan tenans and the annount of insurance paid the lessor or financial institution for the total -loss" of the covered "auto" norms: airy payments overclue at the time of the loss: any financial penalties imposed clue to wear and team, high mileage or site lar charges; any security deposits not refunded by the lessor or fintwcial institution: any costs for credit life, health and accident, or disability insurance: [my costs .for extended warranties: or Luny carry-over balances from previous leases or loans. You are responsible for the deductible applicable to the "loss" for (lie covered "auto". This coverage is excess insurance over any- other collectible insurance or lease provishui. PERSONAL EFFECTS COVERAGE We will pay up to $400 for "loss'" t��earutp other personal effects, which ae�ixe -1 6 r 1. Owned by au "insured.'" and IN - G\ . 2. In or on your covered "auto:" r \� in the event of it total theft "ion? of anal eiu( *,auto.*" No deductibles apply to Personal Effects Coverage. RENTAL REIMBURSEMENT COVERAGE 1. We will pay for rental reimbursement expenses incurred by y -ori for the rental of an "auto"' because of "loss to a cow°ered "auto." Payment applies in addition to the otherwise applicable amount of each coverage qon have on a covered "auto." No decluctibles apply to Rental Reiiubarsement Coverage. Inctustas calpyrightatl nn.Verial of Iffi6 Prot Wlea tau with its permission Page 2 of 3