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1. The amount paid under the Physical Damage Coverage Section of the Policy for that covered "auto"; and <br /> 2. Any: <br /> a. Overdue lease or loan payments at the time of the "loss"; <br /> b. Financial penalties imposed under a lease for excessive use, abnormal wear and tear or high mileage; <br /> c. Security deposits not returned by the lessor; <br /> d. Costs for extended warranties, Credit Life Insurance, Health, Accident or Disability Insurance <br /> purchased with the loan or lease; and <br /> e. Carry-over balances from previous loans or leases. <br /> M. CUSTOMIZATION COVERAGE <br /> Section III - Physical Damage Coverage, Paragraph A.4. Coverage Extensions is amended to add the <br /> following: <br /> 1. We will pay with respect to a covered "auto"for"loss"to automobile customization which includes special <br /> carpeting and insulation, height- extended roofs and custom murals, paintings, vinyl wraps or other details <br /> or graphics. <br /> 2. Our limit of liability for"loss"to automobile customizations in any one"loss" shall be the least of: <br /> a. The actual cash value of the stolen or damaged property; <br /> b. The amount necessary to repair or replace the property; or <br /> c. $2,000. <br /> This Coverage Extension does not apply to electronic equipment. <br /> N. NEWLY ACQUIRED OWNED AUTOS AND DONATED AUTOS PHYSICAL DAMAGE COVERAGE <br /> Section III - Physical Damage Coverage, Paragraph A.4. Coverage Extensions is amended to add the <br /> following: <br /> 1. If Comprehensive, Specified Causes of Loss, or Collision Coverage is provided by this Policy, the coverage <br /> is extended to apply to Physical Damage"loss"to your newly acquired owned "autos" and donated autos. <br /> We will provide the broadest coverage available to any covered "auto" shown in the 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 of <br /> purchase of the newly acquired "auto", whichever is more; <br /> b. The actual cost of: <br /> (1) Replacing the damaged or stolen property with other property of like kind and quality; or <br /> (2) 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 donated <br /> 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"caused <br /> by fire or lightning. <br /> 4. Coverage under this Extension, for newly acquired owned "autos" is afforded until you notify us to add the <br /> newly acquired owned vehicle to your auto schedule or until the end of the policy period, whichever is <br /> earlier. <br /> O. RENTAL REIMBURSEMENT COVERAGE EXTENSION <br /> Section III - Physical Damage Coverage, Paragraph A.4. Coverage Extensions is amended to add the <br /> following: <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 you <br /> 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 replace <br /> 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 /> CA 83 63 04 18 Includes copyrighted material of Insurance Services Page 5 of 6 <br /> Office, Inc., with its permission <br />