Laserfiche WebLink
SCV0118132501 <br />If Physical Damage Coverage is provided by this policy on your owned covered autos, the <br />following applies: <br />Any auto that you lease, hire, rent or borrow without a driver, will be covered under this policy <br />for Physical Damage Coverage. However any such auto: <br />1. Will be covered only for the same Physical Damage Coverage that applies to your owned <br />covered autos; <br />2. Will be subject to the same applicable deductible shown in the Declarations that applies to <br />your most similar owned covered auto, except any Comprehensive Coverage deductible <br />does not apply to loss caused by fire or lightning; and <br />3. The most we will pay for any one loss in any one accident is the lesser of the following: <br />a. Actual cash value of the damaged or stolen property as of the time of the loss as <br />determined by us; or <br />b. The cost of repairing or replacing the damaged or stolen property with other property of <br />like kind and quality. <br />In addition, we will pay costs and fees associated with such covered loss only for a maximum <br />time period of seven days beginning with the date of loss, subject to a maximum of $500. <br />However: <br />1. If form CA0001 is attached to this policy, this coverage does not apply to autos you lease, <br />hire, rent or borrow from any of your employees, partners (if you are a partnership), <br />members (if you are a limited liability company) or members of their households; and <br />2. If form CA0020 is attached to this policy, this coverage does not apply to any private <br />passenger type auto you lease, hire, rent or borrow from any member of your household, <br />any of your employees, partners (if you are a partnership), members (if you are a limited <br />liability company), or agents or members of their households. <br />Hired Auto Loss of Use Expenses <br />Form CA0001 (if attached to this policy), Section III - Physical Damage Coverage, A. Coverage, <br />4. Coverage Extension, b. Loss of Use Expenses; and form CA0020 (if attached to this policy), <br />Section IV - Physical Damage Coverage, A. Coverage, 4. Coverage Extension, b. Loss of Use <br />Expenses; is deleted and replaced by the following: <br />b. For Hired Auto Physical Damage, we will pay expenses for which an Insured becomes <br />legally responsible to pay for loss of use of a vehicle rented or hired without a driver, under <br />a written rental contract or agreement. We will pay for loss of use expenses if caused by: <br />(1) Other than collision only if the Declarations indicate that Comprehensive Coverage is <br />provided for any covered auto; <br />(2) Specified Causes of Loss only if the Declarations indicate that Specified Causes of Loss <br />is provided for any covered auto; or <br />(3) Collision only if the Declarations indicate that Collision Coverage is provided for any <br />covered auto. <br />CA7018 10-14 Page 3 of 10 <br />Copyright 02014 Allianz Global Risks US Insurance Company. All rights reserved. <br />