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SECTION III - PHYSICAL DAMAGE COVERAGE <br />A. COVERAGE <br />The following is added: <br />5. Hired Auto Physical Damage <br />a. Any "auto" you lease, hire, rent or borrow from someone other than your employees or partners or <br />members of their household is a covered "auto" for each of your physical damage coverages. <br />b. The most we will pay for "loss" in any one "accident" is the smallest of <br />(1) $50,000 <br />(2) The actual cash value of the damaged or stolen property as of the time of the "loss"; or <br />(3) The cost of repairing or replacing the damaged or stolen property with other property of like kind <br />and quality. <br />If you are liable for the "accident", we will also pay up to $500 per "accident" for the actual loss of <br />use to the owner of the covered "auto". <br />c. Our obligation to pay for, repair, return or replace damaged or stolen property will be reduced by an <br />amount that is equal to the amount of the largest deductible shown for any owned "auto" for that <br />coverage. However, any Comprehensive Coverage deductible shown in the Declarations does not <br />apply to "loss" caused by fire or lightning. <br />d. For this coverage, the insurance provided is primary for any covered "auto" you hire without a driver <br />and excess over any other collectible insurance for any covered "auto" that you hire with a driver. <br />5. Rental Reimbursement Coverage <br />We will pay up to $75 per day for up to 30 days, for rental reimbursement expenses incurred by you for the <br />rental of an "auto" because of "loss" to a covered "auto". Rental Reimbursement will be based on the <br />rental of a comparable vehicle, which in many cases may be substantially less than $75 per day, and will <br />only be allowed for a period of time it should take to repair or replace the vehicle with reasonable speed <br />and similar quality, up to a maximum of 30 days. We will also pay up to $500 for reasonable and <br />necessary expenses incurred by you to remove and replace your materials and equipment from the <br />covered "auto". <br />If "loss" results from the total theft of a covered "auto" of the private passenger type, we will pay under this <br />coverage only that amount of your rental reimbursement expenses which is not already provided under <br />paragraph 4. Coverage Extension. <br />8. Lease Gap Coverage <br />If a long-term leased "auto" is a covered "auto" and the lessor is named as an Additional Insured - Lessor, <br />in the event of a total loss, we will pay your additional legal obligation to the lessor for any difference <br />between the actual cash value of the "auto" at the time of the loss and the "outstanding balance" of the <br />lease. <br />"Outstanding balance" means the amount you owe on the lease at the time of loss less any amounts <br />representing taxes; overdue payments; penalties, interest or charges resulting from overdue payments; <br />additional mileage charges; excess wear and tear charges; and lease termination fees. <br />B. EXCLUSIONS <br />The following is added to Paragraph 3: <br />The exclusion for "loss" caused by or resulting from mechanical or electrical breakdown does not apply to the <br />accidental discharge of an airbag. <br />Paragraph 4 is replaced with the following: <br />4. We will not pay for "loss" to any of the following: <br />a. Tapes, records, disks or other similar audio, visual or data electronic devices designed for use with <br />audio, visual or data electronic equipment. <br />Includes copyrighted material of Insurance Services Offices, Inc. with its permission <br />GECA 701 (09/04) Page 2 of 3 <br />CER'1' !10.: 15557974 Lupe CrL.Z 2/20/2013 1:56:17 PM Page 4 of 9