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35 <br />If you pay the fee for this Blanket Waiver of Subrogation Endorsement, we agree <br />to waive any and all subrogation claims against any person or organization with <br />whom a written waiver agreement has been executed by the named insured, as <br />required by written contract, prior to the occurrence of any loss. <br />ALL OTHER TERMS, LIMITS, AND PROVISIONS OF THE POLICY REMAIN <br />UNCHANGED. <br />Form 2368 (06/10) <br />LOAN/LEASE GAP COVERAGE ENDORSEMENT <br />This endorsement modifies insurance provided by the Commercial Auto Policy. <br />All ter ms and conditions of the policy apply unless modified by this endorsement. <br />INSURING AGREEMENT—LOAN/LEASE PAYOFF COVERAGE <br />If you pay the premium for this coverage, and the insured auto for which this <br />coverage was purchased is deemed by us to be a total loss, we will pay, in <br />addition to any amounts otherwise payable under Par t II of your policy, the <br />difference bet ween: <br />1. the actual cash value of the insured auto at the time of the total loss; and <br />2. any greater amount the owner of the insured auto is legally obligated to pay <br />under a written loan or lease agreement to which the insured auto is subject <br />at the time of the total loss, reduced by: <br />a. unpaid finance charges or refunds due to the owner for such charges; <br />b. excess mileage charges or charges for wear and tear; <br />c. charges for extended warranties or refunds due to the owner for extended <br />warranties; <br />d. charges for credit insurance or refunds due to the owner for credit <br />insurance; <br />e. past due payments and charges for past due payments; and <br />f. collection or repossession expenses. <br />However, our payment under this coverage shall not exceed the limit of liability <br />shown on the declarations page. The limit of liability is a percentage of the <br />actual cash value of the insured auto at the time of the loss. <br />This coverage applies only if you have purchased both Comprehensive Coverage <br />and Collision Coverage for that insured auto and the loss is covered under one <br />of those coverages. <br />ALL OTHER TERMS, LIMITS, AND PROVISIONS OF THE POLICY REMAIN <br />UNCHANGED. <br />Docusign Envelope ID: 1A6F375D-5051-8A14-822E-DFF04D0E2581