2016-732-E DSS - Dickerson Fencing Co fence installation

Browse Search

DocuSign Envelope ID:CDB26ED1-82FE-487A-872C-345E8A833228 COMMERCIAL AUTO CAU 058(12 09) (a) Overdue lease or loan payments including penalties, interest,or other charges resulting from overdue payments at to time of the"loss"; (b) Financial penalties imposed under a lease for excessive use, abnormal wear and tear or high mileage; (c) Security deposits not refunded by the lessor; (d) Costs for extended warranties,Credit Life Insurance, Health Accident or Disability Insurance purchased with the loan or lease; and (e) Carry-over balances from previous leases. (2) If an owned "auto" is a covered"auto"under this Coverage Form and the loss payee of the covered auto"is named p loss payee under this policy, in the event of a total lass to the covered "auto"; we will pay any unpaid amount due on the loan, less the amount paid under the Physical Damage Coverage Section of the policy;and less any; (a) Overdue loan payments at the time of the"IoW; (b) Costs for extended warranties,Credit Life Insurance, Heath Accident or Disability Insurance purchased with the loan; and (c) Carry-over balances from previous loans. SECTION IV BUSINESS AUTO CONDITIONS is amended as follows: A. Loss Condition$. 2.a. Duties In the Event of Accident, Claim,Suit or Loss is amended to add the following paragraph; (4) This duty applies when the'accident', claim, "suit"or"loss"is first known to: (a) You, if you are an individual; (b) A partner, if you are a partnership; (c) An executive officer or insurance manager, if you are a corporation; or (d) A member or manager, if you are a limited liability company. 6. Transfer Of Rights Of Recovery Against Others To Us is replaced with the following:. If a person or organization to or for whom we make payment under this Coverage Form has rights to recover damages from another,those rights are transferred to us. That person or organization must do everything necessary to secure our rights and must do nothing after"accident"or"loss'to impair them- However, if the insured has waived rights to recover through a written contract,or if your work was commenced under a letter of intent or work order, subject to a subsequent reduction in writing of such a waiver with customers whose customary contracts require a waiver,we waive any right of recovery we may have under this Coverage Form. CAU 058(12 09) Includes copyrighted material of the Insurance Services office, Inc.,with its permission. Page 4 of 5 Copyright 2009 FCCI Insurance Group.