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Exclusion 4.c. and 4.d. do not apply to: <br />a. Electronic equipment that receives or transmits audio, visual or data signals, whether or not designed <br />solely for the reproduction of sound, if the equipment is permanently installed in the covered "auto" at <br />the time of the "loss" and such equipment is designed to be solely operated by use of the power from <br />the "auto's" electrical system, in or upon the covered "auto" and physical damage coverages are <br />provided for the covered "auto"; or <br />If the "loss" occurs solely to audio, visual or data electronic equipment or accessories used with this <br />equipment, then our obligation to pay for, repair, return or replace damaged or stolen property will be reduced <br />by a $100 deductible. <br />A. Paragraph C., LIMIT OF INSURANCE of SECTION III — PHYSICAL DAMAGE COVERAGE is <br />amended by adding the following: <br />The most we will pay for a "total loss" to a covered "auto" owned by or leased to you in any one <br />"accident" is the greater of the: <br />1. Balance due under the terms of the loan or lease to which the damaged covered "auto" is <br />subject at the time of the "loss" less the amount of: <br />a. Overdue payments and financial penalties associated with those payments as of the <br />date of the "loss", <br />b. Financial penalties imposed under a lease due to high mileage, excessive use or <br />abnormal wear and tear, <br />C. Costs for extended warranties, Credit Life Insurance, Health, Accident or Disability <br />Insurance purchased with the loan or lease, <br />d. Transfer or rollover balances from previous loans or leases, <br />e. Final payment due under a "Balloon Loan", <br />f. The dollar amount of any unrepaired damage which occurred prior to the "total loss" of <br />a covered "auto", <br />g. Security deposits not refunded by a lessor, <br />h. All refunds payable or paid to you as a result of the early termination of a lease <br />agreement or as a result of the early termination of any warranty or extended service <br />agreement on a covered "auto", <br />L Any amount representing taxes, <br />j. Loan or lease termination fees; or <br />2. The actual cash value of the damage or stolen property as of the time of the 'loss". <br />An adjustment for depreciation and physical condition will be made in determining the actual cash <br />value at the time of the "loss". This adjustment is not applicable in Texas. <br />B. ADDITIONAL CONDITIONS <br />This coverage applies only to the original loan for which the covered "auto" that incurred the loss <br />serves as collateral, or lease written on the covered "auto" that incurred the loss. <br />C. SECTION V — DEFINITIONS is changed by adding the following: <br />As used in this endorsement provision, the following definitions apply: @,day <br />"Total loss" means a "loss" in which the cost of repairs plus the salvage tie excee 4 the cash <br />value. ", _,.,V,5 <br />A "balloon loan" is one with periodic payments that are insufficient to repa>Ag\. rYc��p Ptf e term <br />of the loan, thereby requiring a large final payment. �"° —(-.S <br />@2013 Liberty Mutual Insurance ' <br />CA 88 10 01 13 Includes copyrighted material of Insurance services Office, Inc., with its permission. page 6 of 7 <br />