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Howwer, any 'auto- thal is leased, hired, renled or borrowed with a driver is not a @vered "auto'. E. Aud{o, Vbual and Oata Eloctronlc Equlp. ment SECTION III . PHYSICAL DA'I/IAGE COV. ERAGE, C. Llmlt of lnsurance ts amended by adding tte fdlo,vlng: 4. The rnos{ we will Fy lu all loss. to au- dio, dsual or data electronlc agulprnent and any aessories used wllh lhis equlpnrcnl as a Gsult of any one ,aod- dent" is the lesser ol: a. The actJal casi rralue of lhe dam- aged or stolen property as of the lime of the -acddenl"; b. The ct ol repairlng or raplacing the damagod or s{ohn property wlth oth- er property of lika kind and guality; a c. $2,500. Provided tha eguipment. at the tme of the loss'ls: a. Permanently installed ln or upon the corered -aulo" h a houslng, openlng or other locallon that ls not normally usad by the -aulo" manufadurer for the lrrtallatim of sucfr equipment; b. Rerrpvable from a permanentty in- stalled housing unit as doscribed ln Paragraph 2.a. abor,e; or c. An lntegral parl ol sucfi equipmont. Who le 6n lnsurod -Amended SECNON II . UABIITY COVERAGE, A" Covenge, 1. Who ls an lnsiured is amerided by addhg the follodng: The following are -insureds": 1. Any zubddiary whidr is a legalty incorpo, rated enU'ty of wtrich ydJ own a linancial lnl€rest of mors than 5O% of lhe votino stock on lhe efbcti\,e date of lhis coverl age form. lbwever, tha insJreno efiorded by this provisbn dcs not 4ply lo any subsidiary that ls an "rnsured' urder any other au- tomobile liability poflcy or noub bo an Tn- susd" urder sudt poltcy but for termlna- tion ol suctr policy or lhe exhaustion of sudr policJs limits of insurance. 2. Anyorganlzdim thal ls rnraly acqulred or foped by )lou and over wtriih ydr mah- taln maJodty omershlp. The hsurane provHed by Ois provlsbn: a, ls efbcliw on the date of aquisition or forrnatisr. and is aficrded ior 1gO days after suctr dale; b. Does not apply to "bodily lnJu4/ or "property damage- resultino froin an?cddenl" lhet ocdfied before you aoqulred or fonned the organhatian; C. Doos not ryply lo any nenrly acqtired or fiormed organlzaUon thai ls a lolnt vEnlure or parlnership; and d. Does not apply to an lnsured under any olher autonroHle lability policy or wouH be an lnsured und6r'suoi apollcy bl.rt for lhe termlnalbn ol sucfr policy or the erfiaustion of sudr pc{i- q/s llmlls of lnsurane. 3. Any of your -empbyess" trrfiile using a ccltrersd -aulo" ln yanr budness or y-alr perscral afialrs. provided yo.r do not 5,rrrn. hlre or bonpw that .auto-. G. Llablllty Covenge Extonslons - Suoole- montary Paymonts - Hlgher Umlts SECNOH II - LIABIUW COVERAGE. A"Coverage,2. Govanago Ertenolons, a. Sup- plementary PaymenE is amended by: {. Rapbdng ths S2,OOO Limit of lnsurance for bdl bonds wilh S4,000 h (2): ard 2. Rapbcing the $250 Limit of lnsurance for reassrabte eryenses with $50O in (4). H. Amerded Felhr Employee Excluslon SECTIOi.| ll - UAgtUTy COVERAGE. B. Ex- cluslons, 5. Follow Employee is rnodinea as follons: Exdusinn 5. Fellow Employee is deteted. l. Hlmd Auto - PhyelcalDamage lf hired 'autos'are corrcsred ,aulos. for LiaUtity Coverage, lhen Comprehensive and Coilskrn PhF*cal Darnage Coverages as Hoviled un_d6r SEGTON III - PHYSEAI DAiIAGE COI/ERAGE of thls Correrage pari are ex- lended to -autos- you hire, srsject to the fol_ lowing: The most we will pay hlrcd "auto" b $50,000 vdue or 6g to ropah ever ls the led, minus F lndudes copyrphted matorlel of ISO Properties, lnc., wilh its parmiss&cn. for loss- to any or the aclual casfr or mplaco, wtlictF a deduclble. I 2. The dedudlle will be egual to the brgest dedudible applicaHe to arry o,vned ,a-uto. for thal @vsege, or $1,@0, wtrichever b less. 3. Hired Auto - Phpical Damage co/erage Ei exoess otnr any ofier olbctble insur- enoe. AA 288 06 20 Page2ol l