Orange County NC Website
D. NEWLY ACQUIRED OR FORMED ENTITIES <br />The following is added to Section II –LIABILITY <br />COVERAGE, A. Coverage, 1. Who Is An Insured: <br />g. Any legally incorporated entity of which you own <br />more than 50 percent of the voting stock during the <br />policy period. However, “insured” does not include <br />any organization that: <br />1. Is a partnership or joint venture; or <br />2. Is an insured under any other automobile <br />policy; or <br />3.Has exhausted its Limit Of Insurance under any <br />other automobile policy. <br />Paragraph g.2. of this provision does not apply to a <br />policy written to apply specifically in excess of this <br />policy. <br />This automatic coverage is afforded for only 180 days <br />from the date of acquisition or formation. <br />However, coverage under this provision does not apply <br />if there is similar insurance or a self-insured retention <br />plan available to that organization. <br />E.SUPPLEMENTARY PAYMENTS <br />Section II – LIABILITY COVERAGE, 2. Coverage <br />Extensions, a. Supplementary Payments, items (2) <br />and (4) are deleted and replaced by the following” <br />(2) Up to $3,000 for the cost of bail bonds (including <br />bonds for related traffic law violations) required <br />because of an “accident” we cover. We do not <br />have to furnish these bonds. <br />(4)All reasonable expenses incurred by the insured at <br />our request, including the actual loss of earnings up <br />to $500 per day because of time off from work. <br />F.HIRED “AUTOS” – PHYSICAL DAMAGE <br />COVERAGE <br />The following is added to Section III – PHYSICAL <br />DAMAGE COVERAGE, A.Coverage,1.: <br />d.Hired Autos <br /> You may extend the Comprehensive, <br />Specified Causes Of Loss and Collision <br />Coverages provided on your owned autos” to <br />any “auto” you rent, hire, lease, or borrow <br />from someone other than your employees, <br />partners, or members of their respective <br />households. Any “auto” you rent, hire, lease, <br />or borrow is deemed to be a covered “auto” <br />you own. Any “auto” that is rented, hired, <br />leased, or borrowed, with a driver, is not a <br />covered “auto”. <br />(1)This extension only applies to “autos” you <br />rent, hire, lease, or borrow for less than 30 <br />consecutive days. <br />(2) The most payable for an individual “loss” is <br />the lesser of $50,000, the actual cash value <br />of the “auto”, or the cost to repair or replace <br />the “auto” less the deductible as determined <br />below: <br />a.The deductible shall be the same as the <br />amount of the highest deductible for any <br />owned “auto” of the same classification for <br />that coverage. In the event there is no <br />owned “auto” on the policy of the same <br />classification, the highest deductible of any <br />owned “auto” will apply for the particular <br />coverage <br />b. No deductible will apply to a “loss” caused <br />by fire or lightning. <br />(3) Coverage under this extension will: <br />a.Be excess over any other collectible <br />insurance you have; <br />b.Pay in addition to the limit in (2). above, up <br />to $75 per day and no more than $750 per <br />loss for: <br />1. Any costs or fees associated with the <br />“loss” to a hired “auto”; and <br />CA 30 00 07 14 Includes copyrighted material of Insurance Services Office, Inc Page 3 of 6 <br />with its permission <br />COMMERCIAL AUTO <br />CA 30 00 07 14 <br />DocuSign Envelope ID: 98BBF9B0-744C-418E-8FE2-511FF4334E70