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Comprehensive or Specified Causes Of Loss <br />Coverage if the “loss” arises from <br />such coverage; or <br />b.For which you carry Collision Coverage if the <br />“loss” arises from such coverage. <br />We will pay only for those expenses incurred during the <br />policy period beginning 24 hours after the “loss” and <br />ending, regardless of the the policy’s expiration, when <br />the covered “auto” is repaired or replaced, or we pay for <br />its “loss”. This coverage does not apply while there are <br />spare or reserve “autos” available to you for your <br />operations. The most we will pay for rental <br />reimbursement expenses is $75 per day with a <br />maximum of $750 per occurrence. <br />K.ELECTRONIC EQUIPMENT – BROADENED <br />COVERAGE <br />Paragraph 4.c. of Section III – PHYSICAL DAMAGE <br />COVERAGE, B. EXCLUSIONS is revised by adding <br />the following: <br />This exclusion as it relates to electronic equipment that <br />receives or transmits audio, visual or data signals does <br />not apply if said equipment is permanently installed in a <br />covered “auto”. <br />L.LOAN / LEASE GAP COVERAGE <br />Section III – PHYSICAL DAMAGE COVERAGE, C. <br />Limit Of Insurance is Amended by the addition of the <br />Following to paragraph 1.: <br />c.Balance due under the terms of the loan or lease <br />which the damaged covered “auto” is subject to at <br />the time of the “loss” less: <br />(1)Overdue payments and financial penalties <br />associated with those payments as of the date <br />of the “loss”, <br />(2)Financial penalties imposed under a lease due <br />to high mileage, excessive use, or abnormal <br />wear and tear, <br />(3)Costs of extended warranties, Credit Life <br />Insurance, Health, Accident, or Disability <br />Insurance purchased with the loan or lease, <br />(4)Transfer or rollover balances associated <br />with prior loans or leases, <br />(5)Final payment due under a “Balloon <br />Loan”, <br />(6)The dollar amount of any unrepaired <br />damage which occurred prior to the “total <br />loss” of a covered “auto”, <br />(7)Security deposits not refunded by the <br />lessor, <br />(8)All refunds payable or paid to you <br />resulting from the early termination of <br />any warranty or extended service <br />agreement on a covered “auto”, <br />(9)Any amount representing taxes, or <br />(10)Loan or lease termination fees. <br />This coverage only applies to the original loan <br />or lease written on a covered “auto”. <br />Section V – DEFINITIONS is changed by the <br />addition of the following: <br />R.“Total loss” means a “loss” where the cost of <br />repairs plus the salvage value exceeds the <br />actual cash value. <br />S.“Balloon Loan” means a loan with periodic <br />payments that are insufficient to repay the <br />balance over the term of the loan, thereby <br />requiring a large final payment. <br />M.GLASS REPAIR <br />Section III – Physical Damage Coverage, D. <br />Deductible, is replaced by the following: <br />D.Deductible <br />For each covered “auto”, our obligation to pay <br />for, repair, return, or replace damaged or stolen <br />property will be reduced by the deductible for the <br />coverage as shown on <br />CA 30 00 07 14 Includes copyrighted material of Insurance Services Office, Inc Page 5 of 6 <br />with its permission <br />COMMERCIAL AUTO <br />CA 30 00 07 14 <br />DocuSign Envelope ID: 98BBF9B0-744C-418E-8FE2-511FF4334E70