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DocuSign Envelope ID: 12DCC4E1-4D61-4DOE-A2A2-7C6E689613AC <br /> (a) The operational safety of the vehicle might 2. Any: <br /> otherwise be impaired; a. Overdue lease/loan payments at the time of <br /> (b) Reasonable and diligent efforts to locate the 'loss"; <br /> appropriate rebuilt, aftermarket or used part b. Financial penalties imposed under a lease for <br /> have been unsuccessful; or excessive use, abnormal wear and tear, high <br /> (c) A new original equipment part of like kind mileage or similar charges; <br /> and quality is available and will result in the c. Security deposits not refunded by the lessor or <br /> lowest overall repair cost. financial institution; <br /> For each leased, hired, rented or borrowed "auto" our d. Costs for extended warranties, credit life, health, <br /> obligation to pay"losses"will be reduced by a deductible accident, or disability insurance purchased with <br /> equal to the highest deductible applicable to any owned the loan or lease; and <br /> "auto" for that coverage. No deductible will be applied to <br /> "losses"caused by fire or lightning. e. Carry-over balances from previous leases or <br /> SECTION IV, B. 5. Other Insurance Condition, Para- <br /> loans. <br /> graph 5.b. is deleted in its entirety and replaced by the You are responsible for the deductible applicable to the <br /> following: "loss"for the covered "auto". <br /> For Hired Auto Physical Damage Coverage, the follow- This extension only applies if the lessor or financial <br /> ing are deemed to be covered "autos"'you own: institution is an additional "insured" under this Coverage <br /> 1. Any covered "auto" you lease, hire, rent, or borrow; <br /> Form. <br /> and PERSONAL EFFECTS <br /> 2. Any covered "auto" hired or rented by your "em- The following is added to SECTION III, A.4. - Coverage <br /> ployee" under a contract or agreement in that Extensions: <br /> "employee's" name, with your permission, while If this policy provides Comprehensive Coverage for a <br /> performing duties related to the conduct of your covered "auto" you own and that covered "auto" is <br /> business. stolen, we will pay up to the Limit of Insurance shown on <br /> However, any "auto" that is leased, hired, rented or the ElitePac Schedule, without application of a deducti- <br /> borrowed with a driver is not a covered "auto". ble, for lost personal effects that were in the covered <br /> This coverage extension does not apply to Emergency "auto" at the time of theft. Personal effects do not include <br /> jewelry, tools, money, securities or valuable papers. This <br /> Services Organizations and Governmental Entities. coverage is excess over any other collectible insurance. <br /> HIRED AUTO LOSS OF USE COVERAGE AIRBAG COVERAGE <br /> The following is added to SECTION III, A.4. - Coverage The following is added to SECTION III, 6.3.a. - <br /> Extensions: Exclusions: <br /> We will pay expenses for which you are legally Mechanical breakdown does not include the accidental <br /> responsible to pay up to the Limit of Insurance shown on discharge of an airbag. <br /> the ElitePac Schedule per"accident" for loss of use of a <br /> leased, hired, rented or borrowed "auto" if it results from This coverage extension does not apply to Emergency <br /> an "accident". Services Organizations and Governmental Entities. <br /> This coverage extension does not apply to Emergency EXPANDED AUDIO, VISUAL, AND DATA ELEC- <br /> Services Organizations, Governmental Entities, and TRONIC EQUIPMENT COVERAGE <br /> Schools. SECTION III, B.4.- Exclusions <br /> AUTO LOAN/LEASE GAP COVERAGE (Not Available This exclusion does not apply to the following: <br /> in New York) 1. Global positioning systems; <br /> The following is added to SECTION III, A.4. - Coverage 2. "Telematic devices"; or <br /> Extensions: <br /> In the event of a total "loss" to a covered "auto" we will 3. Electronic equipment that reproduces, receives or <br /> pay any unpaid amount due on the lease or loan for a transmits visual or data signals and accessories <br /> covered "auto", less: used with such equipment, provided such equipment <br /> is: <br /> 1. The amount paid under the Physical Damage Cover- a. Permanently installed in or upon the covered <br /> age Section of the policy; and "auto"at the time of the"loss"; <br /> Copyright, 2015 Selective Insurance Company of America.All rights reserved. CA 78 09NC 01 16 <br /> Includes copyrighted material of Insurance Services Office, Inc.,with its permission. Page 3 of 5 <br /> INSURED'S COPY <br />