MDG ASSOCIATES, INC (2) - 2018 - Laserfiche WebLink

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b. Your "employee" hires or rents under a written contract or agreement In that "employee's" name, but only If the damage occurs while the vehicle Is being used In the conduct of your business, subject to the following limit and deductible: A. The most we will pay for "lose" In any one "aooldent" or "lose" Is the smallest of: (1) $50,000; or (2) The actual cash value of the damaged or stolen properly as of the time of the "loss"; or (3) The coat of repairing or replacing the damaged or stolen property with other property of like kind and quality, minus a deductible. S. The deductible will be equal to the largest deductible applicable to any owned "auto" for that coverage. C. Subject to the limit, deductible and excess provisions described In this provision, we will provide coverage equal to the broadest coverage applicable to any covered "auto" you own. D. Subject to a maximum of $1,000 per "accident", we will also cover the actual loss of use of the hired "auto" N It results from an "accident", you are legally !labia and the lessor Incurs an actual financial lose. E. This coverage extension does not apply to: (1) Any "auto" that Is hired, rented or borrowed with adriver, or (2) Any 'auto" that is hired, rented or borrowed from your nompioyea". For the purposes of this provision, SECTION V - DEFINITIONS Is amended by adding the following: "Total loss' means a "loss" In which the cost of repairs plus the selvage value exceeds the actual cash value. TOWING AND LASOR SECTION III - PHYSICAL DAMAGE COVERAGE, paragraph A.2. Towing, is amended by the addition of the following: We will pay rowing and labor Coate Incurred, up to the limits shown below, each time a covered "auto" classified and rated as a private passenger type, "light truck" or 'medium truck" is dis- abled: a. For private passenger type vehicles, we will pay up to $50 per disablement. b. For "light trucks", we will pay up to $50 per disablement. "Light trucks" are trucks that have a gross vaNds weight (GVW) of 1D,000 pounds or lose. a. For "medium trucks" , we will pay up to $150 per disablement. "Madium trucks" are trucks that have a grass vehicle weight (GVW) of 10ADI - 20,000 pounds. However, the labor must be performed at the place of disablement PHYSICAL DAMAGE -ADDITIONAL TRANSPORTATION EXPENSE COVERAGE Paragraph AA.a., Coverage Extension of SECTION III - PHYSICAL DAMAGE COVERAGE, Is amend- ed to provide a limit of $50 per day and a maximum limit of $1,500 0 2c19Libarly Mutual Insurance CA SS 10 01 13 Includes copyrighted material of Insurance Services OIBoe, Ina, with Its parmleslon. Page 3 of 7