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Coverages <br />Limit Of insurance <br />Covered Autos Liability <br />$ Each "Accident" <br />Actual Cash Value Or Cost Of Repair, Whichever Is Less, Minus <br />Comprehensive <br />$ Deductible For Each Covered "Leased Auto' <br />Actual Cash Value Or Cost Of Repair, Whichever Is Less, Minus <br />Collision <br />$ Deductible For Each Covered "Leased Auto <br />Specified <br />Actual Cash Value Or Cost Of Repair, Whichever Is Less, Minus <br />Causes Of Loss <br />$ Deductible For Each Covered "Leased Auto <br />Information required to complete this Schedule, if not shown above, will be shown in the Declarations. <br />A. Coverage <br />1. Any leased auto" designated or described in <br />the Schedule will be considered a covered <br />"auto" you own and riot a covered "auto" you <br />hire or borrow. <br />2. For a 'leased auto" designated or described in <br />the Schedule, the, Who Is An Insured provision <br />under Covered Autos Liability Coverage is <br />changed to Include as an "insured" the lessor <br />named in the Schedule. However, the lessor is <br />an "insured" only for "bodily injury" or "property <br />damage" resulting from the acts or omissions <br />by; <br />a. You; <br />b. Any of your "employees" or agents; or <br />c. Any person, except the lessor or any <br />"employee" or agent of the lessor, operating <br />a "leased auto" with the permission of any of <br />the above. <br />3. The coverages provided under this <br />endorsement apply to any "leased auto" <br />described in the Schedule until the expiration <br />date shown in the Schedule, or when the lessor <br />or his or her agent takes possession of the <br />"leased auto", whichever occurs first. <br />S. Loss Payable Clause <br />1. We will pay, as interest may appear, you and <br />the lessor named in this endorsement for loss" <br />to a "leased auto". <br />2. The insurance covers the interest of the lessor <br />unless the "loss" results from fraudulent acts or <br />omissions on your part. <br />3, If we make any payment to the lessor, we will <br />obtain his or her rights against any other party. <br />C. Cancellation <br />1. If we cancel the policy, we will mail notice to the <br />lessor in accordance with the Cancellation <br />Common Policy Condition, <br />2. If you cancel the policy, we will mall notice to <br />the lessor. <br />3. Cancellation ends this agreement. <br />D. The lessor is not liable for payment of your <br />premiums. <br />E. Additional Definition <br />As used in this endorsement: <br />"Leased auto" means an "auto" leased or rented to <br />you, including any substitute, replacement or extra <br />"auto" needed to meet seasonal or other needs, <br />under a leasing or rental agreement that requires <br />you to provide direct primary insurance for the <br />lessor. <br />Page 2 of 2 © Insurance Services Office, Inc., 2011 CA 20 01 10 13 <br />