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1. The amount paid under the PHYSICAL (a) $60,000 <br /> DAMAGE COVERAGE section of the policy; (b) The actual cash value of the damaged <br /> and or stolen property as of the time of the <br /> 2, Any: "loss";or <br /> a. Overdue leaselloan payments at the time of (c) The cost of repairing or replacing the <br /> the loss"; damaged or stolen property with other <br /> b. Financial penalties imposed under a lease property of like kind and quality. <br /> for excessive use, abnormal wear and tear (2) An adjustment for depreciation and physical <br /> or high mileage, condition will be made in the event of a total <br /> c. Security deposits not returned by the lessor, "loss' <br /> d. Costs for extended warranties, Credit Life (3) We may deduct for betterment for parts <br /> Insurance, Health, Accident or Disability normally subject to repair and replacement <br /> Insurance purchased with the loan or lease; during the useful life of the "auto". In this <br /> event, deductions shall be limited to the <br /> and lesser of: <br /> e. Carry-over balances from previous loans or (a) An amount equal to the proportion that <br /> leases. <br /> the expired life of the part to be repaired <br /> H. Glass Repair—Waiver Of Deductible or replaced bears to the normal useful <br /> SECTION III — PHYSICAL DAMAGE COVERAGE, life of the part;or <br /> D.Deductible Is amended by adding the following: (b) The amount which the resale value of <br /> the'auto" is increased from the repair or <br /> No deductible for a covered"auto"will apply to glass replacement. <br /> damage if the glass is repaired rather than replaced. <br /> (4) A deductible equal to the highest Physical <br /> I. Personal Effects Coverage Damage deductible applicable to any owned <br /> The following is added to SECTION III—PHYSICAL auto will apply. <br /> DAMAGE COVERAGE, A. Coverage, 4. Coverage <br /> Extensions: (3) This Coverage Extension will not apply to: <br /> c. Personal Effects Coverage (a) Any "auto" that is hired, rented or <br /> borrowed with a driver,or <br /> in the event of a total theft loss of your covered (b) Any 'auto' that is hired, rented or <br /> 'auto we will pay up to$400 for'Foss'to wearing borrowed from your'employee'. <br /> apparel and other personal effects which are: <br /> (1) Owned by an"insured';and K. Hired Auto Physical Damage—Loss Of Use <br /> The following Is added to SECTION II —COVERED <br /> (2) In or on your covered'auto"; AUTOS UABILITY COVERAGE, A.2. Coverage <br /> No deductible applies to Personal Effects Extensions: <br /> Coverage. e. We will pay sums which you legally must pay to <br /> .1. Hired Auto Physical Damage Coverage the lessor of a covered "auto' which you have <br /> leased without a driver for thirty(30)days or less <br /> The following is added to SECTION III—PHYSICAL for the lessor's loss of use of the covered"auto", <br /> DAMAGE COVERAGE, A. Coverage,4. Coverage <br /> Extensions: provided: <br /> (1) This Insurance provides comprehensive, <br /> d. Hired Auto Physical Damage Coverage specified causes of loss or collision covered <br /> If hired °autos" are covered "autos° for Liability on the covered'auto"; <br /> Coverage and this policy also provides Physical (2) The loss of use results from the covered <br /> Damage Coverage for an owned'auto",then the "auto" being damaged in an 'accident'while <br /> Physical Damage Coverage is extended to you are leasing it. <br /> "autos" that you hire, rent or borrow subject to <br /> the following: We will pay up to a maximum limit of$1,500 for <br /> (1) The most we will pay for "loss" in any one <br /> this covered extension. <br /> "accident" to a hired, rented or borrowed L Hired Car—Worldwide Coverage <br /> 'auto"is the lesser of: The following is added to SECTION II—COVERED <br /> AUTOS LIABILITY COVERAGE, A.2. Coverage <br /> Extensions: <br /> PPA 300WA 03 13 Page 3 of 5 <br />