Orange County NC Website
Browse       Search
DocuSign Envelope ID:95ED4E50-2135-4421-9D73-64AF3CA1B6D8 <br /> COMMERCIAL AUTO <br /> K. AIRBAGS (2) Any: <br /> The following is added to Paragraph B.3., Exclu- (a) Overdue lease or loan payments at the <br /> sions, of SECTION III — PHYSICAL DAMAGE time of the 'loss"; <br /> COVERAGE: <br /> (b) Financial penalties imposed under a <br /> Exclusion 3.a. does not apply to "loss" to one or lease for excessive use, abnormal wear <br /> more airbags in a covered "auto'you own that in- and tear or high mileage; <br /> flate due to a cause other than a cause of 'loss" <br /> set forth in Paragraphs A.1.b. and A.1.c., but (c) Security deposits not returned by the les- <br /> only: sor; <br /> a. If that "auto' is a covered "auto' for Compre- (d) Costs for extended warranties, Credit Life <br /> hensive Coverage under this policy; Insurance, Health, Accident or Disability <br /> b. The airbags are not covered under any war- Insurance purchased with the loan or <br /> ranty; and lease; and <br /> c. The airbags were not intentionally inflated. (e) Carry-over balances from previous loans <br /> or leases. <br /> We will pay up to a maximum of $1,000 for any M. BLANKET WAIVER OF SUBROGATION <br /> one'loss". <br /> L. AUTO LOAN LEASE GAP The following replaces Paragraph A.5., Transfer <br /> Of Rights Of Recovery Against Others To Us, <br /> The following is added to Paragraph AA., Cover- of SECTION IV — BUSINESS AUTO CONDI- <br /> age Extensions, of SECTION III — PHYSICAL TIONS: <br /> DAMAGE COVERAGE: <br /> Auto Loan Lease Gap Coverage for Private 5. Transfer Of Rights Of Recovery Against <br /> Passenger Type Vehicles Others To Us <br /> In the event of a total 'loss"to a covered "auto'of We waive any right of recovery we may have <br /> the private passenger type shown in the Schedule against any person or organization to the ex- <br /> or Declarations for which Physical Damage Cov- tent required of you by a written contract exe- <br /> erage is provided, we will pay any unpaid amount cuted prior to any "accident" or 'loss", pro- <br /> due on the lease or loan for such covered "auto' vided that the "accident" or"loss"arises out of <br /> less the following: the operations contemplated by such con- <br /> (1) The amount paid under the Physical Damage tract. The waiver applies only to the person or <br /> Coverage Section of the policy for that "auto'; organization designated in such contract. <br /> and <br /> CA T4 20 02 15 ©2015 The Travelers Indemnity Company. All rights reserved. Page 3 of 3 <br /> Includes copyrighted material of Insurance Services Office,Inc.with its permission. <br />