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c. The market value of your damaged vehicle, not Including any furnishings, parts or equip- ment not installed by the manufacturer or manufacturer's dealership. This coverage applies only to a covered "auto" of the private passenger, Ilght truck or modlum truck type (20,000 lbs or less gross vehlcle weight) and does not apply to Initiation or set up costs associated with loans or leases. TWO OR MORE DEDUCTIBLES Under SECTION III — PH'Y'SICAL DAMAGE COV- ERAGE, If two or more "company" policies or cover, age forms apply to the same accident, the following applies to paragraph D. Deductible! a, If the applicable Business Auto deduct- Ible Is the smaller (or smallest) deduct - role It will be waived; or b, If the applicable Business Auto deduct- Ible Is not the smaller (or smallest) de- ductlble It will be reduced by the amount of the smaller (or smallest) deductible; of c, if the loss Involves two or more Busi- ness Auto coverage forms or policies the smaller (or smallest) deductible will be waived. For the purpose of this endorsement "company" means: a. Safoco Insurance Company of America b. American States Insurance Company c, Guttural Insurancci Company of Arnurlca d. American Economy Insurance Company e. First National Insurance Company of America f, American States Insurance Company of Toxa3 g, AmGrlcan States Preferred Insurance Company Ir. Safeco Insurance Company of Illinois LOAN/LEASE GAP COVERAGE Under paragraph C — LIMIT OF INSURANCE of SECTION III .-. PHYSICAL DAMAGE COVERAGE, tho following Is added: 4. The most we will pay for a total "loss" In any one "accident" Is the greater of the following, subject to a $1,500 maximum Inlit: a. Actual cash value of the damaged or stolen property as of the time of the "loss", less an adjustment for depreciation and physical condition; or b. Balance due under the terms of the loan or lease that the damaged covered "auto" is subject to at the time of the "loss", less any one or all of the following adjustments: (1) Overdue payment and financial penalties associated with those payments as of the date of the "loss". (2) Financial penalties Imposed under a lease due to high mileage, exces- elvn Ilse or shnormal wear and test. (S) Costs for extended warranties, Cro- dlt Life Insurance, Health, Accident or Disability Insurance purchased with the loan or lease. (4) Transfer or rollover balances from previous loans el' leases, (F) Final payment due under a "Balloon Loan", (6) The dollar amount of any un-repalred damage that occurred prior to the "total less" of a covered "auto", (7) Security deposits not refunded by a lessor. (S) All refunds payable or paid to you as a result of the early termination of a lease agreement or any war- ranty or extended service agree- mont on a covered "auto", (9) Any arnniint rnprnsnniln0 taxnn (10) Loan or lease termination fees GLASS REPAIR -- WAIN/ER OF DEDUCTIBLE Under paragraph D. — DEDUCTIBLE of SECTION III — PHYSICAL DAMAGE COVERAGE, the following Is added: No deductible applies to glass damage If the glass Is repalred rather than replaced, AMENDED DUTIES IN THE EVENT OF ACCI. DENT, CLAIM, SUIT OR LOSS The requirement in LOSS CONDITION 2,a. -- DUTIES IN THE EVENT OF ACCIDENT, CLAIM, SUIT OR LOSS -- of SECTION IV -- BUSINESS AUTO CONDITIONS that you must notlly us of an CA 71 10 110 07 Pega 3 of 0 EP JJ600450 I Ginnia 12010 All idna" I G1:uJ.e Uus:uumnta 11'!./),U/&A4 AO, SY.:25 VP! (PU'C) Pngo 4 of 9 REVIPNED BY: EUNICH HEREDIA (POOFq)