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Q <br />Exclusion 4.o. and 4.d. do not apply to: <br />a. Electronic equipment that receives or transmits audio, visual or data signals, whether or not <br />designed solely for the reproduction of sound, If the equipment Is permanently Installed In the <br />covered "auto" at the time of the "lase" and such equipment Is designed to be solely operated <br />by use of the power from the "auto's" electrical system, In or upon the covered "auto" and <br />physical damage coverages are provided for the covered "auto"; or <br />If the "lase" occurs solely to audio, visual or data electronic equipment or scasasorlas used with <br />this equipment, than our obligation to pay for, repair, return or replace damaged or abian property <br />will be reduced by a $1W deductible. <br />14. LOAN I LEASE GAP COVERAGE <br />A. Paragraph C., LIMIT OF INSURANCE of SECTION III - PHYSICAL DAMAGE COVERAGE is <br />amended by adding the Iblbwing: <br />The most we will pay for a "total lone" to a lowered "auto" owned by or leased to you In any <br />one "acoldent" Is the greater of the: <br />1. Balance duo under the terns of the loan or lease to which the damaged covered "auto" is <br />subject at the time of the "baa" lose the amount of.- <br />a. <br />f;a. Overdue payments and gnanclal penalties easocletad with those payments as of the <br />date of the "lose", <br />b, Financial penalties Imposed under a tease due to high mileage, exceaslve bee or ab• <br />normal wear and tear, <br />c. Costs for extended warranties, Credit Life Insurance, Health, Accident or Disablllty <br />Insurance purchased with the loan or Jesse, <br />d. Transfer or rollover balances from previous bene or leasee, <br />a. Final payment due under a "Balloon Loan", <br />E The dollar amount of any unrepaired damage which occurred prlor to the "total loss" <br />of a covered "auto", <br />g. Security deposits not refunded by a lessor, <br />h, All refunds payable or paid to you Be a result of the act termination of a Jesse <br />agreement or as a result of the early termination of any warranty or extended service <br />agreement on s covered "auto", <br />L Any amount representing taxes, <br />1. loan or lease termination fees; or <br />2. The actual cash value of the damage or ablan property as of the time of the "lose". <br />An adjustment for depreciation and physical condition will be made In determining the actual <br />cash value at the time of the "lose'. This adjustment Is not applicable In Texas. <br />B. ADDITIONAL CONDITIONS <br />This coverage applies only to the original loan for which the covered 'auto' that Incurred the <br />loss ®elves as collateral, or lease written an the covered "auto" that incurred the lose, <br />C. SECTION V - DEFINTIONS Is changed by adding the following: <br />As used In this endorsement provision, the following definitions apply: <br />`Total loss" means a "lose" In which the coat of napalre plus the salvage value exceeds the <br />actual cash value. <br />A "balloon loan" Is one with periodic payments that are Insufllclent to repay the balance over <br />the term of the loan, thereby requiring a large final payment. <br />0 2013 Liberty Mutual Insurance <br />CA IS 10 01 1A Includes CgVtchtsd material of Insurance amvlsss Oince, Inc., with Its permission, Page a of 7 <br />