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Exclusion 4.u. and 4.d. do not apply to: <br />u. Electronic equipment that receives or transmits audio, visual or data signals, whether or not <br />designed am|e|y for the reproduction of aound, if the equipment is permanently installed in the <br />covered ~uoto" at the time of the ^|oom^ and such equipment is designed to be solely operated <br />by use of the power from the "auto's" e|euthms| aystem, in or upon the covered "auto" and <br />physical damage coverages are provided for the covered "auto"; or <br />If the "|mam" occurs solely to eudiu, visual or data electronic equipment or accessories used with <br />this equipment, then our obhgation to pay for, mepair, return or replace damaged or stolen property <br />will be reduced bym$1O0deductible. <br />14. LOAN / LEASE GAP COVERAGE <br />A. Paragraph C., LIMIT OF INSURANCE of SECTION ||U PHYSICAL DAMAGE COVERAGE is <br />amended by adding the foUovving� <br />The most we will pay for o''toda| loss" to aoovened "auto" owned by or leased to you in any <br />0 <br />one "accident" is the greater of the: <br />1. Balance due under the benne of the loan orlease towhich the damaged covered "auto" is <br />subject at the time of the "|nou° less the amount of <br />a. Overdue payments and financial penalties associated with those payments moofthe <br />date ofthe "|mom'", <br />� ----- <br />b- Financial penalties imposed under e|eaea due to high mileage, excessive use or ab- <br />normal wear �mdteer <br />' <br />c. Costs for extended warranties, Credit Life Insurance, HeMkh, Accident or Disability <br />Insurance purchased with the loan or lease, <br />d. Transfer or rollover bm|enoee from previous loans or leases, <br />� e. Final payment due under a"Ba||oon Loam". <br />t The dollar amount of any unrepaired damage which occurred prior to the "total |ums' <br />ufacovered "auto", <br />g. Security deposits not refunded by m|ennor. <br />h. All refunds payable or paid to you as a result of the early termination of a lease <br />agreement or amoresult of the early termination of any warranty or extended oemhmo <br />agreement mmacovered ''auto~. <br />I. Any amount representing taxes, <br />j. Loon orlease termination fees; or <br />2. The actual cash value of the damage or stolen property aaofthe time of the "loss", <br />An adjustment for depreciation and physical condition will be made in detemni�nimQ the actual <br />� <br />cash value at the time of the ''|oes' This adjustment is not applicable in Texas. <br />� B. ADDITIONAL CONDITIONS <br />TNa coverage applies only to the original loan for which the cuwom*d "auto' that incurred the <br />loss serves as collateral, orlease written nnthe covered '`auto" that incurred the loss, <br />a C. SECTION V-0EFINTUQNG is changed by adding the following: <br />As used in this endorsement pmoviaion, the following definitions apply.- <br />"Total <br />pp|y�"Tota| |oeo" means a°|oaa" in which the cost of repairs plus the salvage value exceeds the <br />actual cash value. <br />^ <br />/\"balloon loan" iaone with periodic payments that are insufficient <br />the term of the Uoen, thereby requiring aUarge final payment. <br />@ <br />uO13Liberty Mutual Insurance <br />