SUPERIOR PROPERTY SERVICES, INC. (5)

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Policy No: ACP3029630195 COMMERCIAL AUTO covered "auto" of the private passenger type. AC 70 05 03 16 ment manufacturer or other sources in - We will only pay for those covered "autos" for cluding non -original equipment manu- which you carry Comprehensive or Specified facturers and Causes of Loss Coverage. We will pay for tem- b. If a repair or replacement results in bet- porary transportation expenses incurred during the period beginning 24 hours after the theft and ter than like kind or quality, we will not ending, regardless of the policy's expiration, pay for the amount of the net improve - when the covered "auto" is returned to use or we ment. pay for its "loss". 5. If we offer to pay the actual cash value of R. EXTRA EXPENSE — STOLEN AUTOS the damaged or stolen property, we will The following paragraph is added to Coverage value auto advertising wraps, paint cuslomi- zation, and similar business related advertis- Extenslons of SECTION III — PHYSICAL ing modifications, in addition to the actual DAMAGE COVERAGE: cash value of the property. Auto advertising c. We will pay for up to $5,000 for the expense wraps, paint customization, and similar of returning a stolen covered "auto" to you, business related advertising modifications We will pay only for those covered "autos" will be valued at the cost to replace them for which you carry Comprehensive or Spec- with an adjustment made for depreciation ified Causes of Loss Coverage and physical condition. S " 1— —'--------- T. NEW VEHICLE REPLACEMENT COST rider SECTION III — PHYSICAL DAMAGE The following is added to the Limit of Insurance COVERAGE, Paragraph C., Limit of Insurance provision of SECTION III — PHYSICAL is replaced by the following: DAMAGE COVERAGE: C. Limit Of Insurance 5. The provisions of paragraphs 1. and 3. do 1. The most we will pay for "loss" in any one not apply to a covered "auto" of the private "accident" is the lesser of: passenger type or a vehicle with a gross a. The actual cash value of the damaged vehicle weight rating of 20,000 pounds or "new property as of the time of the less which is a vehicle." ""lloss", o� In the event of a total "loss" to your new ve- b. The cost of repairing or replacing the hicle to which this coverage applies, we will damaged or stolen property. pay at your option: 2. $1500 is the most we will pay for "loss" in a. The verifiable "new vehicle" purchase any one "accident" to all electronic equip- price you paid for your damaged vehi- ment that reproduces, receives or transmits cle, not including any insurance or war- audio, visual or data signals which, at the ranties purchased; time of "loss", is: b. If it is available, the purchase rice, as P P a. Permanently installed in or upon the negotiated by us, of a "new vehicle" of covered "auto" in a housing, opening or the same make, model, and equipment or the most similar model available, not other location that is not normally used "auto" including any furnishings, parts, or by the manufacturer for the in- stallation of such equipment. equipment not installed by the manufac- turer or manufacturers' dealership; or . b. Removable from a permanently installed C. The market value of your damaged ve- housing unit as described in Paragraph hicle, not including any furnishings, 2.a. above or is an integral part of that parts, or equipment not installed by the equipment; or manufacturer or manufacturer's dealer- c. An integral part of such equipment. ship. 3. An adjustment for depreciation and physical We will not pay for initiation or set up costs condition will be made in determining actual associated with loans or leases cash value in the event of a total "loss". As used in this endorsement, a "new 4. The cost of repairing or replacing may: vehicle" means an "auto" of which you are a. Be based on an estimate which includes the original owner that has not been previ- parts furnished by the original equip - AC 70 05 0316 Includes copyrighted material of Insurance Services Office, Inc., with its permission xvk �ig�eo " a o � Reneximfi APPRW®av: - Risk Management Specialist