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number of days it takes for the claim to on it, we will pay, in the event of a covered <br /> be settled,whichever comes first, total "loss", any unpaid amount due on the <br /> b. Our payment is limited to necessary and lease or loan for a covered"auto", less: <br /> actual expenses incurred. a. The amount paid under the Physical <br /> c. This coverage does not apply while Damage Coverage Section of the <br /> there are spare or reserve"autos" policy; and ` <br /> available to you for your operations. b. Any: <br /> d. If a"loss" results from the total theft of a (1) Overdue lease or loan <br /> covered "auto"of the private passenger payments including penalties, <br /> type, we will pay under this coverage interest or other charges <br /> only that amount of your rental resulting from overdue <br /> reimbursement expenses which is not <br /> already provided l05$for.under the Physical oss"; at the time of.the <br /> , , . <br /> Damage Coverage Extension. <br /> (2) Financial penalties imposed <br /> under a lease for excessive use, <br /> J. "Personal Effects" Exclusion abnormal wear and tear or high <br /> Paragraph 13. Exclusions under SECTION mileage; <br /> III—PHYSICAL DAMAGE COVERAGE, is (3) Costs for extended warranties, <br /> amended to add: Credit Life Insurance, Health, <br /> "Personal Effects" Exclusion Accident or Disability Insurance <br /> purchased with the loan or <br /> We will not pay for"loss"to"personal lease; <br /> effects" of any of the following: <br /> (4) Security deposits not refunded <br /> a. Accounts, bills, currency, deeds, by the lessor; and <br /> evidence of debt, money, notes, {5) Carry-over balances from <br /> securities or commercial paper or previous loans or leases <br /> other documents of value. <br /> b. Bullion, gold, silver, platinum, or other <br /> precious alloys or metals;furs or fur M. Aggregate Deductible <br /> garments;jewelry; watches; precious Paragraph D. Deductible under SECTION <br /> or semi-precious stones. III—PHYSICAL DAMAGE COVERAGE is <br /> c. Paintings, statuary and other works of amended to add: <br /> art. Regardless of the.number of covered <br /> A. Contraband or property in the course "autos" involved in the same"Ioss",'only <br /> of illegal transportation or trade. one deductible will apply to that"loss". If <br /> e. Loss"caused by theft,:un.less there is the deductible amounts vary by"autos", <br /> .:-..evidence of forced entry into the then only the highest applicable deductible <br /> .covered"auto" and a police.report is will apply to that"loss": <br /> filed, N. Diminishing Deductible <br /> K. Accidental Airbag Discharge Coverage Paragraph D. Deductible under SECTION <br /> Item 3.a. of Paragraph B. Exclusions under Ill-PHYSICAL DAMAGE COVERAGE is <br /> SECTION III-PHYSICAL DAMAGE amended to add: <br /> COVERAGE is amended to read: Any deductible will.be reduced by the <br /> a. Wear and tear, freezing, mechanical percentage indicated below on the first <br /> or electrical breakdown.The "loss" reported during the corresponding <br /> exclusion relating to mechanical policy period: <br /> break-down does not apply to the Loss Free Policy Periods Deductible <br /> accidental discharge of an air bag. with the Expansion Reduction on the <br /> L. Loan or Lease Gap Coverage Endorsement first 111oss11 <br /> Paragraph C. Limit Of Insurance under 1 0% <br /> SECTION.111-PHYSICAL DAMAGE 2 25% <br /> COVERAGE is amended to add: s eo% <br /> If a covered "auto" is owned or leased and 1 4 75% <br /> if we provide Physical Damage Coverage <br /> 5 100% <br /> Page 3 of 4 Includes Copyrighted Material of Insurance Services Offices, Inc. CA990187 07 15 <br /> Used with permission <br />