Orange County NC Website
Browse       Search
Includes copyrighted material of ISO <br />AA 288 06 20 Properties, Inc., with its permission.Page 4 of 4 <br />2.SECTION V -DEFINITIONS is amended <br />by adding the following, but only for the <br />purposes of this Loan or Lease Gap <br />Coverage: <br />"Total loss"means a "loss"in which the <br />cost of repairs plus the salvage value ex- <br />ceeds the actual cash value. <br />N.Glass Repair -Waiver of Deductible <br />SECTION III -PHYSICAL DAMAGE COV- <br />ERAGE, D. Deductible is amended by adding <br />the following: <br />No deductible applies to glass damage if the <br />glass is repaired in a manner acceptable to us <br />rather than replaced. <br />O.Duties in the Event of an Accident, Claim, <br />Suit or Loss -Amended <br />SECTION IV -BUSINESS AUTO CONDI- <br />TIONS, A. Loss Conditions, 2. Duties in the <br />Event of Accident, Claim, Suit or Loss, a.is <br />amended by adding the following: <br />This condition applies only when the "acci- <br />dent"or "loss"is known to: <br />1.You, if you are an individual; <br />2.A partner, if you are a partnership; <br />3.An executive officer or insurance manag- <br />er, if you are a corporation; or <br />4.A member or manager,if you are a lim- <br />ited liability company. <br />P.Unintentional Failure to Disclose Hazards <br />SECTION IV -BUSINESS AUTO CONDI- <br />TIONS, B.General Conditions, 2. Conceal- <br />ment, Misrepresentation or Fraud is <br />amended by adding the following: <br />However, if you unintentionally fail to disclose <br />any hazards existing on the effective date of <br />this Coverage Form,we will not deny cover- <br />age under this Coverage Form because of <br />such failure. <br />Q.Mental Anguish Resulting from Bodily Inju- <br />ry <br />SECTION V -DEFINITIONS, C. "Bodily inju- <br />ry"is deleted in its entirety and replaced by <br />the following: <br />"Bodily injury"means bodily injury, sickness or <br />disease sustained by a person, including men- <br />tal anguish and death sustained by the same <br />person that results from such bodily injury, <br />sickness or disease. "Bodily injury"does not <br />include mental anguish or death that does not <br />result from bodily injury, sickness or disease. <br />R.Coverage for Certain Operations in Con- <br />nection with Railroads <br />With respect to the use of a covered "auto"in <br />operations for or affecting a railroad: <br />1.SECTION V -DEFINITIONS, H. "Insured <br />contract", 1.c.is deleted in its entirety and <br />replaced by the following: <br />c.An easement or license agreement; <br />2.SECTION V -DEFINITIONS, H. "Insured <br />contract",2.a.is deleted. <br />Docusign Envelope ID: 6A9D5D34-5CDF-4B61-99A9-F61CBCEDBF5E