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Policy Number: 6020541619 <br />D. Hired "Autos" <br />The following is added to Section III. Paragraph <br />A.: <br />5. Hired "Autos" <br />If Physical Damage coverage is provided under <br />this policy, and such coverage does not extend to <br />Hired Autos, then Physical Damage coverage is <br />extended to: <br />a. Any covered "auto" you lease, hire, rent <br />or borrow without a driver; and <br />b. Any covered "auto" hired or rented by <br />your "employee" without a driver, under a <br />contract in that individual "employee's" <br />name, with your permission, while <br />performing duties related to the conduct <br />of your business. <br />c. The most we will pay for any one <br />"accident" or "loss" is the actual cash <br />value, cost of repair, cost of replacement <br />or $75,000, whichever is less, minus a <br />$500 deductible for each covered auto. <br />No deductible applies to "loss" caused by <br />fire or lightning. <br />d. The physical damage coverage as is <br />provided by this provision is equal to the <br />physical damage coverage(s) provided on <br />your owned "autos." <br />e. Such physical damage coverage for hired <br />"autos" will: <br />(1) Include loss of use, provided it is the <br />consequence of an "accident" for <br />which the Named Insured is legally <br />liable, and as a result of which a <br />monetary loss is sustained by the <br />leasing or rental concern. <br />(2) Such coverage as is provided by this <br />provision will be subject to a limit of <br />$750 per "accident." <br />E. Airbag Coverage <br />The following is added to Section III, Paragraph <br />B.3.: <br />The accidental discharge of an airbag shall not be <br />considered mechanical breakdown. <br />F. Electronic Equipment <br />Section III, Paragraphs B.4.c and B.4.d. are <br />deleted and replaced by the following: <br />c. Physical Damage Coverage on a covered <br />"auto" also applies to "loss" to any <br />permanently installed electronic equipment <br />including its antennas and other accessories. <br />CNA63359XX <br />(Ed. 04/12) <br />d. A $100 per occurrence deductible applies to <br />the coverage provided by this provision. <br />G. Diminution In Value <br />The following is added to Section III, Paragraph <br />B.6.: <br />Subject to the following, the "diminution in value" <br />exclusion does not apply to: <br />a. Any covered "auto" of the private <br />passenger type you lease, hire, rent or <br />borrow, without a driver for a period of 30 <br />days or less, while performing duties <br />related to the conduct of your business; <br />and <br />b. Any covered "auto" of the private <br />passenger type hired or rented by your <br />"employee" without a driver for a period of <br />30 days or less, under a contract in that <br />individual "employee's" name, with your <br />permission, while performing duties <br />related to the conduct of your business. <br />c. Such coverage as is provided by this <br />provision is limited to a "diminution in <br />value" loss arising directly out of <br />accidental damage and not as a result of <br />the failure to make repairs; faulty or <br />incomplete maintenance or repairs; or the <br />installation of substandard parts. <br />d. The most we will pay for "loss" to a <br />covered "auto" in any one accident is the <br />lesser of: <br />(1) $5,000; or <br />(2) 20% of the "auto's" actual cash value <br />(ACV). <br />III. Drive Other Car Coverage —Executive Officers <br />The following is added to Sections II and III: <br />1. Any "auto" you don't own, hire or borrow is a <br />covered "auto" for Liability Coverage while being <br />used by, and for Physical Damage Coverage <br />while in the care, custody or control of, any of your <br />"executive officers," except: <br />a. An "auto" owned by that "executive officer" or <br />a member of that person's household; or <br />b. An "auto" used by that "executive officer" <br />while working in a business of selling, <br />servicing, repairing or parking "autos." <br />Such Liability and/or Physical Damage Coverage <br />as is afforded by this provision. <br />(1) Equal to the greatest of those coverages <br />afforded any covered "auto"; and <br />CNA63359XX copyright CNA corporation, 2000. Page 2 of 3 <br />(Ed. 04/12) Includes copyrighted material of the Insurance Services Office used with its permission. <br />n <br />