SH24-007 8-20-24 PSA - AEU - Laserfiche WebLink

Home Browse Search

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 - mom SECTION III - PHYSICAL DAMAGE COW ERAGE, C. Limit of Insurance is amended by adding the following: 4. The most we will pay for all 'toss" 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 of 8. The actual cash value of the dam- aged or stolen property as of the time of the "bodden . b. The cost of repairing or replacing the damaged or stolen property with oth- er property of Ike kind and quality; or c. $2,5W. Provided 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 tl - LIABILITY COVERAGE, A. Coverage,1. Who is an Insured is amended by adding the following: The folbwing are "insureds": 1. Any subsidiary which is a legally inoapo. rated entity of which you own a financial Interest of more than 50% of the voting stock on the of Ive date of this cover- age fore. However. the insurance afforded by this Provision does not apply to any subsidiary that is an "insurer* under any other au- tomobile liability policy or would be an "fin- sured" under such policy but for termina. lion of such policy or the exhaustion of such polkcys limits of insurance. 2. Any organization that is newly acquired or Formed by you and over which you main- tain majority ownership. The insurance provided by this provision: a. is effactive on the date of acquisition or formation, and is afforded for 180 days after such date; b. Does not apply to 'booty Injury' or "property damage` resulting from an accident" that occurred before you acquired or formed the organization; C. Does not apply to any newly acquireci or formed organization that is a Joint venture or partnership; and d. Does not apply to an insured under any other automobile lability policy or would be an Insured under such a policy but for the termination of such policy or the exhaustion of such pol- cys limits of Insurance. 3. Any of your "employees" while using a covered "auto" In your business or your personal affairs. provided you do not own, hire or borrow that `auto". G. Liability Coverage Extensions - Supple- mentary Payments -Higher Limits SECTION 11 - LiAWLfTY COVERAGE, A. Coverage, 2. Coverage Extensions, a. Sup- plementary Payments is amended by: I. Replacing the $2,000 limit of Insurance for ball bands with $4.000 In (2): and 2. Replacing the $250 Limit of insurance for reasonable expenses with 8500 in (4). H. Amended Fellow Employee Exclusion SECTION 11- LIABILITY COVERAGE, B. Ex- cluslans, S. Fallow Employee is modified as follows: Exclusion S. Fellow Employee is deleted. L Hired Auto - Physical Damage If hired "autos" are covered "autos" for Liability Coverage, then Comprehensive and Collision Physical Damage Coverages as provided un- der SECTION Ill - 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 $50r000 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 coverage. or $1,000, whichever is less. 3. Hired Auto - Physical Damage coverage is excess over any other collectible Insur- ance. Includes copyrighted material of ISO AA 288 06 20 Properties, Inc., with its permission. Page 2 of 4