Stripe Rite, Inc. 6/1/2016 - Laserfiche WebLink

The$1,000 limit indicated in Paragraph C.1.b.un- The following is added to Paragraph A.4. Cover- der Section III-Physical Damage Coverage is in- age Extensions of Section III - Physical Damage creased to$2,500. Coverage: L. EXTENDED COVERAGE - PERSONAL PROP- If hired "autos" are covered "autos" for Covered ERTY Autos Liability Coverage and if Physical Damage The following is added to Paragraph A.4. Cover- Coverage is provided for any"auto"you own,then ex- age Extensions of Section III Physical Damage the Physical Damage coverages provided are ex- a age Coverage: tended to "autos" you lease, rent, hire or borrow from someone other than your"employees", part- Physical Damage Coverage on a covered "auto" ners or members of their households subject to the may be extended to "loss" to your personal prop- following: erty or, if you are an individual,the personal prop- 1. The most we will pay in any one "loss" is the erty of a family member, that is in the covered lesser of: "auto"at the time of"loss" and caused by an"ac- cident"and resulting from the ownership,mainte- a. The actual cash value of the"auto"; nance or use of a covered"auto". b. The cost to repair or replace the"auto";or The insurance provided by this coverage exten- c. $100,000. sion is excess over any other collectible insur- ance. The most we will pay for any one"loss"un- 2. Paragraph 1.above is subject to a deductible. der this coverage extension is$500. However,our The deductible shall be equal to the amount of payment for"loss"to personal property will only be the highest deductible shown for any owned for the account of the owner of the property. "auto"of the same classification for that cov- Under this provision, personal property does not stage. In the event there is no owned "auto" include and we will not pay for"loss" of currency, of the same classification,the highest deduct- coins,securities or contraband. ible for any owned "auto" will apply for that coverage. No deductible applies to this coverage extension. No deductible will apply to "loss" caused by M. TOWING fire or lightning. Paragraph A.2. Towing of Section III - Physical 3. Hired Auto Physical Damage Coverage is Damage Coverage,is replaced by the following: subject to the following: If a private passenger type "auto" or light truck a. If symbol 8 is shown in the Covered Auto "auto"(0-10,000 Lbs.GVW)is provided both Com- section of the Declarations page for any of prehensive and Collision Coverage,we will pay up the Physical Damage coverages,then the to $150 for towing and labor costs incurred each Hired Auto Physical Damage coverage time such "auto" is disabled. If a medium, heavy described in this endorsement does not or extra-heavy truck or extra-heavy Truck-tractor apply. "auto"(greater than 10,000 Lbs.GVW)is provided b. Other than indicated in Paragraphs a.di- both Comprehensive and Collision Coverage, we rectly above, coverage provided under will pay up to$250 for towing and labor costs in this provision will be excess over any curred each time such "auto" is disabled. How other collectible insurance or coverage. ever, the labor must be performed at the place of disablement. 4. In addition to the limit set forth in Paragraph 1. N. FIRE EXTINGUISHER RECHARGE above we will pay up to $500 per day, to a maximum of$3,500 per"loss"for: The following is added to Paragraph A.4. Cover- a. Any costs or fees associated with the age Extensions of Section IV- Physical Damage "loss"to a hired"auto";and Coverage: When fire extinguishers are kept in your covered b. Loss of use of the hired"auto",provided it "auto"and any are discharged in an attempt to ex- is the consequence of an "accident" for tinguish a fire,we will pay the lesser of the actual which you are legally liable, and as a re cost of recharging or replacing such fire extin- suit of which a monetary loss is sustained guisher(s). by the leasing or rental concern. No deductible applies to this coverage However, Paragraph A.4.b. Loss of Use Ex- penses under Section III- Physical Damage Cov- O. HIRED AUTO PHYSICAL DAMAGE COVER- erage of the Business Auto Coverage Form does AGE not apply. P. RENTAL REIMBURSEMENT COVERAGE CL CA 01 49 0215 Includes copyrighted material of Insurance Services Page 3 of 5 Office, Inc.,with its permission