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COMMERCIAL AUTO <br />K. AIRBAGS <br />(2) Any: <br />The following is added to Paragraph B.3., Exclu- <br />(a) Overdue lease or loan payments at the <br />sions, 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) Security deposits not returned by the les- <br />set forth in Paragraphs A.1.b. and A.1.c., but <br />sor; <br />only: <br />(d) Costs for extended warranties Credit Life <br />a. If that "auto" is a covered "auto" for Compre- <br />Insurance, Health, Accident or Disability <br />hensive Coverage under this policy; <br />Insurance purchased with the loan or <br />b. The airbags are not covered under any war- <br />lease; and <br />ranty; and <br />(e) 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.5., Transfer <br />L. AUTO LOAN LEASE GAP <br />Of Rights Of Recovery Against Others To Us, <br />The following is added to Paragraph AA., 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 />,� _ �• <br />In'fhe event of a total loss to a'covered auto' of <br />against an person or organization to the ex- <br />g y p g <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 'loss", 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 />organization designated in such contract. <br />(1) The amount paid under the Physical Damage <br />Coverage Section of the policy for that "auto'; <br />and <br />CA T4 20 07 10 © 2010 The Travelers indemnity Company. All rights reserved. Page 3 Of 3 <br />Includes copyrighted material of Insurance Services Office, Inc. with >13-)rnission. <br />REVIEWED BY: EUNICE HEREDIA (PG OF <br />