Professional Services Agreement (2)

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However, any "alrto" that is leased, hired, rented or borrowed with a driver is not a covered "auto". E. Andio, Visual and Data Electronic Equip- ment SECTION III - PHYSICAL DAMAGE COV. ERAGE, C. Limit of lnsurance is amended by adding the fdlowing: 4. The most we will pay for all "loss" to au- dio, visual or data eledronic eguipment and any aocessories used with this equipment as a result of any one "acci- dent" is the lesser ol 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 $olen property with oth- er property of like kind and quality; or c. $2,500. 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" manufaclurer for the installatim of sucfr equipment; b. Removable from a permanently in- stalled housing unit as described in Paragraph 2.a. above; or c. An integral part of suctr equipment. F. Who is an lnsured -Amended SECTION II . LIABILITY COVERAGE, A Coverage, 1. Who is an lnsured is amended by adding the fdlowing: The following are "insureds": 1. Any subsidiary whiclr is a legally incorpo- rated entity of which you own a financial interest of more than 50% of the voting stock on the efbctir,e 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 surch policy but for termina- tion of sucft policy or the exhaustion of sr.rcfr policy's limits of insurance. 2. Any organization that is newly acquired or formed by you and over which yotr main- tain majority ownership. The insurance provided by this proMsion: a. ls effedive on the date of acquisition or formation, and is afbrded for 180 days after sucfr date; b. Does not apply to "bodily injuqy'' or "property damage" resulting from an "accident" that ocq:ned before you acquired or formed the organization; c. Does not apply to any newly acguired 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 terminatbn of sucfr policy or the exhaustion of sr.rch poli- qy's limits of ingtrane. 3. Any of your "employees' while using a cwered "auto" in yu.lr business or your personal affairs, provided yol do not own, hire or bonow that "auto". G. Liability mentary H. lndudes copyrighted material of ISO Properties, lnc., with its permission. Extensions - Supple- -Higher Limits SECTION II . LIABILITY COVERAGE, A Coverage,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 erpenses with $500 in (4). Amended Fellow Employee Exclusion SECTION ll . LIABIUW COVERAGE, B. Ex- clusions, 5. Fellow Employee is modified as follows: Exclusion 5. Fellow Employee is deleted. Hired Auto - PhysicalDamage lf hired "autos" are ccnrered "autos" for Liability Coverage, then Comprehensive and Collision Physical Damage Coverages as provided un- der SECTION lll - PHYSICAL DAIIIIAGE COVERAGE of this Coverage Part are ex- tended to "autos" you hire, subjecl to the fol- lowing: 1. The most we will pay for "loss" to any hired "auto" is $50,000 or the actual caslr value or cost to repair or replace, whictr- ever is the least, minus a deductible. 2. The dedudible willbe equalto the largest deductible applicable to any owned "auto" for that coverage, or $1,000, whichever is less. 3. Hired Auto - Phyeical Damage co/erage is exess over any other collectible insur- ance. Coverage Payments t. AA 288 06 20 Page 2 of 4