STRAUB DISTRIBUTING CO. - 2016 - Laserfiche WebLink

Home Browse Search

the theft and ending, regardless of the policy's expiration. leper, the cowered "auto" is returned to use or Ave pay for its 'loss." EXTRA EXPENSE — STOLEN AUTOS We will pay all to $1.000 for tate expense of returning a stolen covered "auto" to you. We 'will pay only for those cowered "autos' for m hick fou carr Comprehensive or Specified Causes of Loss Coverage. AIRED CAR PHYSICAL DAMAGE COVERAGE For purposes of this section; the term "auto" is redefined to menu a land motor vehicle. "trailer" or semitrailer Avith a gross vehicle NNeight under 20.000 pounds designed for trm el on public roads, but sloes not include "'mobile equipment:' If Comprehensive, Specified Causes of Loss or Collision coverage is provided to all owned autos by this policy, you nutp extend that coverage to apply to Physical Damage "loss' to hired ""autos:' We will provide coverage equal to the nuninmm coverage mailable to any covered "auto"' shoran in the Declarations. Bill, the most we will pay for '"loss" to a l4ed "auto" in am one "accident' is the lesser of: L $50.000: of 2. 'rhe actual cash value of tlae damaged or stolen properly as of the time of the "loss:" or 3. The actual cost of repairing o' replacing the damaged or stolen property with other propert} of like kind or qualiq A part is of like kind mal qunlitp when it is of equal o better condition than (lie pre -accident part. We will use the original equipment front tine manufacturers when: a) The operational safeq of the vehicle ought otherwise be impaired: b) Reasonable and diligent efforts to locate the appropriate rebuilt. aflermarket or used partInce been unsuccessful: c) A new original equipment part of like kind and clualih is available lad wilt result' in the lovcst morall repair cost: (1) For vellicles insured under policies written on or before December 31. 2003. the vehicle has been used no more than 15,000 miles miless the pre- accident condition warrants olhenvlse: or e) For vehicles insured under policies written on or after January 1, 2004, the vehicle has been used no mote than 20,000 miles unless the pre -accident condition oanrants otherwise. FPICO200 (12-11) For each hired "auto" our obligation to pay "loss" will be reduced by it deductible equal to the highest deductible applicable to any owned "auto for that coverage. No deductible will be applied to "loss` caused by fire or lightning. We will also pay rip to $500 per "accident' to] - loss of use of the bared "auto" if it results front an " aocideat' for which } ou arc legally liable, The lessor most suffer an actual financial "loss" for this coverage to apply. Hired Car Physical Damage Coverage provided by this extension is excess over any other collectible insurance, LOAN/LEASE GAP COVERAGE For purposes of this section. tile leant -into" is redefined to mean a laud motor vehicle. "trailef' or semitrailer with a gross vehicle weight under 20.000 pounds designed for travel on public roads, but does not include "mobile equiputeut:' If a long-term leased or financed "auto" is a covered "auto' for the Physical Damage Coverage applicable to a total 'loss." lad file lessor or financial institution is an additional insured under this Coverage Part; we will pay lip to a maximum of $15.000 the difference between amounts 3011 owe the lessor or financial institution under the lease or loot terms and tine amount of insurance paid the lessor or financial institution for the total "loss' of alae covered "auto" nuuus: any payments overdue at the time of file loss: any financial penalties huposed clue to wear and tear, bigh mileage or simllar charges: any security deposits not refunded by file lessor or financial institution: any costs for credit life. health ,and accident. or disability insurance: anq costs for extended warranties: or any carl5'-over balances from precious leases or loans. You are responsible fo the deductible applicable to the "los" for the covered "auto'. This coverage is excess instu'mtce ON any other collectible insoramce or lease Provision. PERSONAL EFFECTS COVERAGE We will pm up to $400 for 'loss �cari other personal effects, avinich are- , ,„116 1. Oacned by an "imsurecl.`' and Gip,''' ��v. L ha or ora your covered "auto." r \a�6 in the event of a total theft "1 of q ( ered -',,into," No deductibles apply to Personal Effects Coverage. RENTAL REIMBURSEMENT COVERAGE 1. We twill pap for rental reimbursement expenses incurred be Vou for the rental of an "mato' because of "loss" to a co\ eyed "auto:' Payment applies in addition to tine otherwise applicable amount of each coverage you have oto a covered "onto. " No deductibles apply to Rental Reimbursement Coverage. lircludts copi'righted material (if L":O Properties. Inc. rvith its permission Page 2 of 3