Laserfiche WebLink
3 <br /> COMMERCIAL AUTO <br /> K. AIRBAGS (2) Any: <br /> The following is added to Paragraph B.3., Exclu- (a) Overdue lease or loan payments at the <br /> sions, of SECTION III — PHYSICAL DAMAGE time of the"loss"; <br /> COVERAGE: (b) Financial penalties imposed under a <br /> Exclusion 3.a. does not apply to "loss" to one or lease for excessive use, abnormal wear <br /> more airbags in a covered"auto"you own that in- and tear or high mileage; <br /> flate due to a cause other than a cause of "loss" (c) Security deposits not returned by the les- <br /> set forth in Paragraphs A.1.b. and A.1.c., but sor; <br /> only: (d) Costs for extended warranties,Credit Life <br /> a. If that"auto" is a covered"auto"for Compre- Insurance, Health, Accident or Disability <br /> hensive Coverage under this policy; Insurance purchased with the loan or <br /> b. The airbags are not covered under any war- lease;and <br /> ranty; and (e) Carry-over balances from previous loans <br /> c. The airbags were not intentionally inflated. or leases. <br /> We will pay up to a maximum of$1,000 for any M. BLANKET WAIVER OF SUBROGATION <br /> one"loss". The following replaces Paragraph A.5., Transfer <br /> L. AUTO LOAN LEASE GAP Of Rights Of Recovery Against Others To Us, <br /> The following is added to Paragraph A.4., Cover- of SECTION IV — BUSINESS AUTO CONDI- <br /> age Extensions, of SECTION III — PHYSICAL TIONS: <br /> DAMAGE COVERAGE: 5. Transfer Of Rights Of Recovery Against <br /> Auto Loan Lease Gap Coverage for Private Others To Us <br /> Passenger Type Vehicles We waive any right of recovery we may have <br /> In the event of a total"loss"to a covered"auto"of against any person or organization to the ex- <br /> the private passenger type shown in the Schedule tent required of you by a written contract exe- <br /> or Declarations for which Physical Damage Coy cuted prior to any "accident" or "foss", pro- <br /> erage is provided,we will pay any unpaid amount video that the"accident'or"loss"arises out of <br /> due on the lease or loan for such covered "auto" the operations contemplated by such con- <br /> less the following: tract.The waiver applies only to the person or <br /> organization designated in such contract. <br /> (1) The amount paid under the Physical Damage <br /> Coverage Section of the policy for that"auto"; <br /> and <br /> CA T4 20 07 10 ©2010 The Travelers Indemnity Company.All rights reserved. Page 3 of 3 <br /> Includes copyrighted material of Insurance Services Office,Inc.with its permission. <br /> 33 <br />