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PPA 300 03 13 Page 3 of 5
<br />EFinancial penalties imposed under a lease for
<br />excessive use, abnormal wear and tear or
<br />high mileage.
<br />FSecurity deposits not returned by the lessor;
<br />GCosts for extended warranties, Credit Life
<br />Insurance, Health, Accident or Disability
<br />Insurance purchased with the loan or lease;
<br />and
<br />HCarry-over balances from previous loans or
<br />leases.
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<br />No deductible for a covered “auto” will apply to glass
<br />damage if the glass is repaired rather than replaced.
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<br />In the event of a total theft loss of your covered
<br />“auto” we will pay up to $400 for “loss” to wearing
<br />apparel and other personal effects which are:
<br /> Owned by an “insured”; and
<br /> In or on your covered “auto”;
<br />No deductible applies to Personal Effects
<br />Coverage.
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<br />If hired “autos” are covered “autos” for Liability
<br />Coverage and this policy also provides Physical
<br />Damage Coverage for an owned “auto”, then the
<br />Physical Damage Coverage is extended to
<br />“autos” that you hire, rent or borrow subject to the
<br />following:
<br /> The most we will pay for “loss” in any one
<br />“accident” to a hired, rented or borrowed
<br />“auto” is the lesser of:
<br /> D $60,000
<br /> E The actual cash value of the damaged or
<br />stolen property as of the time of the
<br />“loss”; or
<br /> F The cost of repairing or replacing the
<br />damaged or stolen property with other
<br />property of like kind and quality.
<br /> An adjustment for depreciation and physical
<br />condition will be made in the event of a total
<br />“loss”.
<br /> If a repair or replacement results in better
<br />than like kind or quality, we will not pay for the
<br />betterment.
<br /> A deductible equal to the highest Physical
<br />Damage deductible applicable to any owned
<br />auto will apply.
<br /> This Coverage Extension will not apply to:
<br /> D Any “auto” that is hired, rented or
<br />borrowed with a driver; or
<br /> E Any “auto” that is hired, rented or
<br />borrowed from your “employee”.
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<br />HWe will pay sums which you legally must pay to
<br />the lessor of a covered “auto” which you have
<br />leased without a driver for thirty (30) days or less
<br />for the lessor’s loss of use of the covered “auto”,
<br />provided:
<br /> This insurance provides comprehensive,
<br />specified causes of loss or collision covered
<br />on the covered “auto”;
<br /> The loss of use results from the covered
<br />“auto” being damaged in an “accident” while
<br />you are leasing it.
<br />We will pay up to a maximum limit of $1,500 for
<br />this covered extension.
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<br /> We will pay all sums an “insured” legally must
<br />pay as damages because of “bodily injury” or
<br />“property damage” to which this insurance
<br />applies, caused by an “accident” which
<br />occurs outside of the United States of
<br />America, the territories and possessions of
<br />the United States of America, Puerto Rico
<br />and Canada resulting from the maintenance,
<br />or use of any covered “auto” of the private
<br />passenger type you lease, hire, rent or
<br />borrow without a driver for thirty (30) days or
<br />less.
<br /> With respect to any claim made or “suit”
<br />instituted outside the United States of
<br />America, the territories and possessions of
<br />the United States of America, Puerto Rico,
<br />and Canada:
<br />Docusign Envelope ID: BB02C4E5-BFD5-435B-82D4-23BE74818CC5
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