Professional Services Agreement (2)

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4. Subject to the above limit, deducdible, and excess provisions we will provide @ver- age equal to the broadest coverage appli- cable to any covered "auto" you own in- sured under this poliqy. Coverage indudes lcs of use of that hired au- to, provided it resutts from an "accident" for whicfr yor are legally liable and as a result of which a monetary loss is sustained by the leasing or rental concern. The most we will pay firr any one "accident" is $3,000. lf a limit for Hired Auto - Physical Damage is shown in the Schedule, then that limit replac- es, and is not added to, the $50,000limit indi- cated above and the dedudibles shown in the Schedule are applicable. J. Rental Reimbumement SECTION III . PHYSICAL DAMAGE COV. ERAGE is amended by adding the following: 1. We will pay for rental reimbursement ex- penses inorrred by you for the rental of an "auto" because of a 'loss" to a covered "auto". Payment applies in addition to the otherwise applicable amount of each ov- erage you have on a covered "auto". No deductible applies to this coverage. 2. We will pay only for those expenses in- cuned during the policy period beginning 24 hours after the "loss" and ending, re- gardless of the policy's expiration, with the lesser of the following number of days: a. The number of days reasonably re- quired to repair the mvered "auto". lf "loss" is caused by theft, this number of days is added to the number of days it takes to locate the covered "auto" and retum it to you; or b. 30 days. 3. Our payment is limited to the lesser of the following amounts: a. Necessary and adual expenses in- cuned; or b. $50 per day. 4. This coverage does not apply while there are spare or reserve "autos" available to you for your operations. 5. We will pay under this coverage only that amount of your rental reimbursement ex- penses whidr is not already provided for under SECTION lll - PHYSICAL DAlln- AGE COVERAGE, A" Coverage, 4. Coverage Extensions. K. Transportation Expense 'Higher Limits SECTION III - PHYSICAL DAMAGE COV. ERAGE, A. Coverage, 4. Coverage Exten- sions is amended by replacing $20 per day with $50 per day, and $600 maximum with $1,500 maximum in Extension a. Transpor- tation Expenses. L. Airbag Coverage SECTION III - PHYSICAL DAMAGE COV. ERAGE, B. Exclusions, 3.a. is amended by adding the bllowing: However, the mechanical and eleclrical breakdown portion of this exdusion does not apply to the accidental discharge of an airbag. This coverage for airbags is excess over any other collediHe insurance or wananty. M. Loan or Lease Gap Coverage 1. SECTION III . PHYSICAL DAMAGE COVERAGE, C. Limit of Insurance is deleted in its entirety and replaced by the following, but only for private passenger type "autos" with an original loan or lease, and only in the event of a 'total loss" to sr.rch a private passenger type "auto': a. The most we will pay for'loss" in any one "accident" is the greater of: (1) The amount due under the terms of the lease or loan to whictr your covered private passenger type "auto" is subject, but will not include: (a) Overdue lease or loan pay- ments; (b) Financial penalties imposed under the lease due to high mileage, exoessive use or abnormal wear and tear: (c) Security deposits not re- funded by the lessor; (d) Costs for extended warran- ties, Credit Life lnsurance, Heafth, Accident or Disabil-ity lnsurance purchased with the loan or lease; and (e) Canporer balances from previous loans or leases, or (2) Actual cash value of the stolen or damaged property. b. An adjusbnent for depreciation and physical conditjon will be made in de- termining actual cash value at the time of lo*s". lndudes copyrighted material of ISO Properties, lnc., with ils permission.AA 288 06 20 Page 3 of 4