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b. Your"employee" hires or rents under a written contract or agreement in that "employee's"name, but <br /> only if the damage occurs while the vehicle is being used in the conduct of your business, <br /> subject to the following limit and deductible: <br /> A. The most we will pay for"loss" in any one"accident"or"loss" is the smallest of: <br /> (1) $50,000; or <br /> (2) The actual cash value of the damaged or stolen property as of the time of the"loss"; or <br /> (3) The cost of repairing or replacing the damaged or stolen property with other property of like kind <br /> and quality, <br /> minus a deductible. <br /> B. The deductible will be equal to the largest deductible applicable to any owned "auto" for that <br /> coverage. <br /> C. Subject to the limit, deductible and excess provisions described in this provision, we will provide <br /> coverage equal to the broadest coverage applicable to any covered"auto"you own. <br /> D. Subject to a maximum of $750 per "accident", we will also cover the actual loss of use of the hired <br /> "auto" if it results from an "accident", you are legally liable and the lessor incurs an actual financial <br /> loss. <br /> E. This coverage extension does not apply to: <br /> (1) Any"auto"that is hired, rented or borrowed with a driver; or <br /> (2) Any"auto"that is hired, rented or borrowed from your"employee". <br /> For the purposes of this provision, SECTION V—DEFINITIONS is amended by adding the following: <br /> "Total loss" means a "loss" in which the cost of repairs plus the salvage value exceeds the actual cash <br /> value. <br /> 7. TOWING AND LABOR <br /> SECTION Ill—PHYSICAL DAMAGE COVERAGE, paragraph A.2. Towing, is amended by the addition of <br /> the following: <br /> We will pay towing and labor costs incurred, up to the limits shown below, each time a covered "auto" <br /> classified and rated as a private passenger type, light truck"or"medium truck" is disabled: <br /> a. For private passenger type vehicles, we will pay up to$50 per disablement, <br /> b. For "light trucks", we will pay up to $50 per disablement. "Light trucks" are trucks that have a gross <br /> vehicle weight(GVW) of 10,000 pounds or less. <br /> c. For"medium trucks" , we will pay up to$150 per disablement. "Medium trucks" are trucks that have a <br /> gross vehicle weight(GVW)of 10,001 —20,000 pounds. <br /> However, the labor must be performed at the place of disablement. <br /> 8. PHYSICAL DAMAGE.ADDITIONAL TRANSPORTATION EXPENSE COVERAGE <br /> Paragraph A.4.a., Coverage Extension of SECTION III -- PHYSICAL DAMAGE COVERAGE, is amended <br /> to provide a limit of$50 per day and a maximum limit of$1,500 <br /> @2010 Liberty Mutual Insurance Company.All rights reserved. <br /> CA 88 10 01 10 Includes copyrighted material of Insurance Services Once,with its permission. Page 3 of 7 <br />