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However, any "auto" that is leased, hired, rented or borrowed with a driver is not a covered "auto". E. Audio, Visual and Data Electronic Equip- ment SECTION III . PHYSICAL DAMAGE COV. ERAGE, G. Limit of lnsurance is amended by adding the following: 4. The most we will pay for all "loss" to au- dio, visual or data electronic equipment and any accessories used with this equipment as a result of any one "acci- dent" is the lesser ot a. The actual cash value of the dam- aged or stolen property as of the time of the "accident"; b. The cost of repairing or replacing the damaged or stolen property with oth- er propefi of like kind and quality; or c. $2,500. ProMded the equipment, at the time of the "loss" is: a. Permanently installed in or upon the covered "auto" in a housing, opening or other location that is not normally used by the "auto" manufacturer for the installation of such equipment; b. Removable from a permanently in- stalled housing unit as described in Paragraph 2.a. above; or c. An integral part of such equipment. F. Who is an Insured -Amended SECTION II . LIABILITY COVERAGE, A. Coverage, 1. Who is an lnsured is amended by adding the following: The following are "insureds": 1. Any subsidiary which is a legally incorpo- rated entity of which you own a financial interest of more than 50% of the voting stod< on the effectirc date of this cover- age form. However, the insurance afforded by this provision does not apply to any subsidiary that is an "insured" under any other au- tomobile liability policy or would be an "in- sured" under such policy but for termina- tion of sucfr policy or the exhaustion of such policy's limits of insurance. 2. Any organization that is newly aquired or formed by you and over which you main- tain majority ownership. The insurane provided by this provision: a. ls effective on the date of acquisition or formation, and is afforded for 180 days after such date; b. Does not apply to "bodily injur/' or "property damage" resulting from an "accident" that occurred before you acquired or formed the organization; c. Does not apply to any newly acquired or formed organization that is a joint venture or partnership; and d. Does not apply to an insured under any other automobile liability policy or would be an insured under such a policy but for the termination of suclr policy or the exhaustion of such poli- cy's limits of insurance. 3. Any of your "employees' while using a covered "auto" in your business or your personal affairs, proMded you do not own, hire or borrow that "auto". G. Liability Coverage Extensions - Supple- mentary Payments - Higher Limits SECTION II . LIABILITY COVERAGE, A. Goverage,2. Coverage Extensions, a. Sup- plementary Payments is amended by: 1. Replacing the $2,000 Limit of lnsurance for bail bonds with $4,000 in (2); and 2. Replacing the $250 Limit of lnsurance for reasonable expenses with $500 in (4). H. Amended Fellow Employee Exclusion SECTION ll- LIABILITY COVERAGE, B. Ex- clusions, 5. Fellow Employee is modified as follows: Exdusion 5. Fellow Employee is deleted. l. Hired Auto - Physical Damage lf hired "autos" are covered "autos" for Liability Coverage, then Comprehensive and Collision Physical Damage Coverages as provided un- der SECTION lll - PHYSICAL DAMAGE COVERAGE of this Coverage Part are ex- tended to "autos" you hire, subject to the fol- lowing: 1. The most we will pay for "loss" to any hired "auto" is $50,000 or the actual cash value or cost to repair or replace, which- ever is the least, minus a deductible. 2. The deductible will be equal to the largest deductible applicable to any owned "auto" for that mverage, or $1,000, whichever is less. 3. Hired Auto - Physical Damage coverage is exess over any other ollectible insur- ance. lndudes copyrighted material of ISO Properties, lnc., with its permission.AA 288 06 20 Page2ot 4