Orange County NC Website
DocuSign Envelope ID: D0190336-4C5C-477F-8902-D25F819470B6 <br /> COMMERCIAL AUTO <br /> THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. <br /> COMMERCIAL AUTO ELITE AMENDMENT <br /> This endorsement modifies insurance provided under the following: <br /> BUSINESS AUTO COVERAGE FORM <br /> The BUSINESS, AUTO COVERAGE FORM is amended to include the following clarifications and extensions of <br /> coverage. With respect to coverage provided by this endorsement, the provisions of the Coverage Form apply unless <br /> modified by the endorsement. <br /> A. TEMPORARY SUBSTITUTE AUTO PHYSICAL (1) Coverage under this provision is afforded <br /> DAMAGE only up to 180 days after you acquire or <br /> SECTION I - COVERED AUTOS paragraph C. form the organization, or to the end of the <br /> Certain Trailers, Mobile Equipment, and policy period, whichever is earlier, <br /> Temporary Substitute Autos is amended by (2) Any organization you acquire or form will <br /> adding the following: not be considered an "insured" if, <br /> If PHYSICAL DAMAGE COVERAGE is provided (a) The organization is a partnership or a <br /> by this coverage form for an "auto" you own, the joint venture; or <br /> Physical Damage Coverages provided for that (b) That organization is covered under <br /> owned "auto"are extended to any"auto"you do not other similar insurance, <br /> own while used with the permission of its owner as <br /> a temporary substitute for the covered "auto" you (3) Coverage under this provision does not <br /> own that is out of service because of breakdown, apply to any claim for "bodily injury" or <br /> repair, servicing, "loss"or destruction, property damage" resulting from an <br /> The coverage provided is the same as the accident" that occurred before you formed <br /> coverage provided for the vehicle being replaced. or acquired the organization, <br /> B. BLANKET ADDITIONAL INSURED E. SUBSIDIARIES AS INSUREDS <br /> SECTION 11 - LIABILITY COVERAGE, A.1. Who <br /> SECTION 11 - LIABILITY COVERAGE, A.I. Who Is An Insured is amended by adding the following: <br /> Is An Insured: is amended by adding the following: Any legally incorporated subsidiary in which you <br /> Any person or organization who is a party to a own more than 50% of the voting stock on the <br /> written agreement or contract with you in which you effective date of this policy, However, "insured" <br /> agree to provide the type of insurance afforded does not include any subsidiary that is an "insured" <br /> under this Business Auto Coverage Form. under any other automobile liability policy or was an <br /> This provision applies to claims for "bodily injury' or "insured" under such a policy but for termination of <br /> `property damage" which occur after the execution that policy or the exhaustion of the policy's limits of <br /> of any written agreement or contract. l�iability. <br /> C. EMPLOYEES AS INSUREDS F. COVERAGE EXTENSIONS - SUPPLEMENTARY <br /> The following is added to the Section 11 - PAYMENTS <br /> LIABILITY COVERAGE, Paragraph A.1. Who Is SECTION 11 - LIABILITY COVERAGE, A.2.a. <br /> Ain Insured Provision', Coverage Extensions, Supplementary Payments <br /> Any"employee" of yours is an "insured"while using (2) and (4) are replaced by the following: <br /> a covered "auto" you don't own:, hire or borrow in (2) Up to $5,000 for the cost of bail bonds <br /> Your business or your personal affairs. (including bonds for related traffic law <br /> 11 NEWLY FORMED OR ACQUIRED violations) required because of an "accident" <br /> ORGANIZATIONS we cover. We do not have to furnish, these <br /> bonds. <br /> SECTION 11 - LIABILITY COVERAGE, A.I. Who (4) All reasonable expenses incurred by the <br /> Is An Insured is amended by adding the following: "insured" at our request, including actuali loss of <br /> Any organization which you acquire or form after earnings up to $500 a day because of time off <br /> the effective date of this policy in which you from work. <br /> maintain ownership or majority interest. However: <br /> CA7450(7-14) Includes copyrighted material of ISO Properties,Inc,with its permission. Page 1 of 4 <br />