SUPERIOR PROPERTY SERVICES, INC. (3)

Home Browse Search

COMMERCIAL AUTO AC 70 05 03 16 5) Carry -aver balances from previous leases. 2. This coverage only applies to a "lass" which is also covered under this policy for Com- prehensive, Specified Causes of Lass, or Collision coverage. 3. Coverage does not apply to any unpaid amount due an a loan for which the covered "auto" is not the sale collateral. N. ORIGINAL EQUIPMENT MANUFACTURER PARTS — LEASED PRIVATE PASSENGER TYPES Under Paragraph C. Limit of Insurance of SECTION III — PHYSICAL DAMAGE COVERAGE, Section 4 is added as follows: 4. We will use new original equipment vehicle manufacturer parts for any private passen- ger type covered "auto" where required by the lease agreement which has a term of at least six months. If a new original equip- ment vehicle manufacturer part is not in pro- duction or distribution we may use a like, kind and quality replacement part. O. DEDUCTIBLE AMENDMENTS The fallowing are added to the Deductible provi- sion of SECTION III — PHYSICAL DAMAGE COVERAGE: If another policy or coverage farm that is not an automobile policy or coverage farm issued by this company applies to the same "accident", the fallowing applies: 1. If the deductible under this coverage is the smaller (or smallest) deductible, it will be waived: 2. If the deductible under this coverage is not the smaller (or smallest) deductible, it will be reduced by the amount of the smaller (or smallest) deductible. If a Comprehensive or Specified Causes of Lass Coverage "lass" from one "accident" involves two or more covered "autos", only the highest deductible applicable to those coverages will be applied to the "accident," if the cause of the lass is covered for those vehicles. This provision only applies if you carry Comprehensive or Specified Causes of Lass Coverage for those vehicles, and does not extend coverage to any covered "autos" for which you do not carry such coverage. No deductible applies to glass if the glass is re- paired, in a manner acceptable to us, rather than replaced. P. RENTAL REIMBURSEMENT COVERAGE 1. This coverage applies only to a covered "au- to" for which Physical Damage Coverage is provided an this policy. 2. We will pay for rental reimbursement ex- penses incurred by you for the rental of an "auto" because of"lass"to a covered "auto". Payment applies in addition to the otherwise applicable amount of each coverage you have an a covered "auto." No deductibles apply to this coverage. 3. We will pay only for those expenses incurred during the policy period beginning 24 hours after the "lass" and ending, regardless of the policy's expiration, with the lesser of the fallowing number of days: a. The number of days reasonably required to repair or replace the covered "auto". If "lass" is caused by theft, this number of days is added to the number of days it takes to locate the covered "auto" and return it to you. b. The number of days shown in the Schedule. 4. Our payment is limited to the lesser of the fallowing amounts: a. Necessary and actual expenses incurred. b. $75 for any one day or for a maximum of 30 days. 5. This coverage does not apply while there are spare or reserve "autos" available to you for your operations. 6. If "lass" results from the total theft of a cov- ered "auto" of the private passenger type, we will pay under this coverage only that amount of your rental reimbursement ex- penses which is not already provided for un- der SECTION III — PHYSICAL DAMAGE COVERAGE Coverage Extension. Q. EXPANDED TRANSPORTATION EXPENSE Paragraph AA.a. of SECTION III — PHYSICAL DAMAGE COVERAGE is replaced by the follow- ing: We will pay up to $50 per day to a maximum of $1500 for temporary transportation expense in- curred by you because of the total theft of a Page 4 of 7 Includes copyrighted material of Insurance Services Office, Inc with its permission. Rime Management Diaisian REVIEWED&APPROVED BY: '� Risk Management Analyst