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CA 83 63 03 23 Includes material copyrighted by Insurance Services Office, Inc., with <br />its permission <br />Page 7 of 9 <br />N. Newly Acquired Owned Autos And Donated Autos Physical Damage Coverage <br />Section III – Physical Damage Coverage, Paragraph A.4. is amended to add the following: <br />g. Newly Acquired Owned Autos and Donated Autos Physical Damage Coverage <br />(1) If Comprehensive, Specified Causes of Loss, or Collision Coverage is provided by this Policy, the <br />coverage is extended to apply to Physical Damage “loss” to your newly acquired owned “autos” and <br />donated autos. We will provide the broadest coverage available to any covered “auto” shown in the <br />Declarations. <br />(2) The most we will pay for “loss” to a newly acquired “auto” or donated auto is the least of: <br />(a) The actual cash value of the damaged or stolen property as of the time the “loss,” or your actual cost <br />of purchase of the newly acquired “auto”, whichever is more; <br />(b) The actual cost of: <br />i. Replacing the damaged or stolen property with other property of like kind and quality; or <br />ii. Repairing the damaged property without deduction for depreciation; or <br />(c) $100,000. <br />However, the most we will pay for all covered physical damage “loss” for newly acquired autos and <br />donated autos occurring during the policy period shown on the Declarations is $100,000. <br />(3) For each newly acquired “auto” our obligation to pay “loss” will be reduced by a deductible equal to the <br />highest deductible applicable to any “auto” for that coverage. No deductible will be applied to “loss” <br />caused by fire or lightning. <br />(4) Coverage under this Extension, for newly acquired owned “autos” is afforded until you notify us to add <br />the newly acquired owned vehicle to your auto schedule or until the end of the policy period, whichever <br />is earlier. <br />O. Rental Reimbursement Coverage Extension <br />Section III – Physical Damage Coverage, Paragraph A.4. is amended to add the following: <br />h. Rental Reimbursement Coverage <br />(1) For those covered “autos” for which you carry Comprehensive or Specified Cause of Loss Coverage: <br />(a) We will pay up to $100 per day, for up to 30 days, for Rental Reimbursement Expenses incurred by <br />you for the rental of an “auto” because of a “loss” to a covered “auto”. <br />(b) We will pay up to $500 for reasonable and necessary expenses incurred by you to remove and <br />replace your materials and equipment from the covered “auto”. <br />(2) We will pay under this coverage extension only that amount of your Rental Reimbursement Expenses <br />which is not already provided under Paragraph I. Transportation Expenses of this endorsement. <br />P. Accidental Discharge – Airbag Coverage <br />Section III – Physical Damage Coverage, Exclusion B.3.a. does not apply to “loss” due and confined to the <br />accidental discharge of an airbag. No deductible applies to this coverage. <br />Q. Original Equipment Manufacturer (OEM) Part Replacement <br />28