Laserfiche WebLink
Policy Number <br />Issued by <br />AC 84 07 07 13 © 2013 Liberty Mutual Insurance. All rights reserved. <br />Includes copyrighted material of Insurance Services Office, Inc., <br />with its permission. <br />Page 6 of 11 <br />b.We are not licensed to write insurance outside of the United States of America, its territories or possessions, <br />Puerto Rico and Canada. <br />We will not furnish certificates of insurance or other evidence of insurance you may need for the purpose of <br />complying with the laws of other countries relating to auto insurance. <br />Failure to comply with the auto insurance laws of other countries may result in fines or penalties. This <br />insurance does not apply to such fines or penalties. <br />XVI. HIRED AUTO PHYSICAL DAMAGE <br />If no deductibles are shown in the Declarations for Physical Damage Coverage for Hired or Borrowed Autos, <br />the following will apply: <br />A.We will pay for "loss" under Comprehensive and Collision coverages to a covered "auto" of the private <br />passenger type hired without an operator for use in your business: <br />1.The most we will pay for coverage afforded by this endorsement is the lesser of: <br />a.The actual cost to repair or replace such covered "auto" with other property of like kind and quality; <br />or <br />b.The actual cash value of such covered "auto" at the time of the "loss". <br />2.An adjustment for depreciation and physical condition will be made in determining actual cash value in <br />the event of a total "loss". <br />3.If a repair or replacement results in better than like kind or quality, we will not pay for the amount of the <br />betterment. <br />B.For each covered "auto", our obligation to pay for, repair, return or replace the covered "auto" will be <br />reduced by any deductible shown in the Declarations that applies to private passenger "autos" that you <br />own. If no applicable deductible is shown in the Declarations, the deductible will be $250. <br />If the Declarations show other deductibles for Physical Damage Coverages for Hired or Borrowed Autos, <br />this Section XVI of this endorsement does not apply. <br />C.Paragraph A.4.b. of SECTION III - PHYSICAL DAMAGE COVERAGE is replaced by: <br />b.Loss of Use Expenses <br />For Hired Auto Physical Damage provided by this endorsement, we will pay expenses for which an <br />"insured" becomes legally responsible to pay for loss of use of a private passenger vehicle rented or <br />hired without a driver, under a written rental contract or agreement. We will pay for loss of use <br />expenses caused by: <br />(1)Other than collision only if the Declarations indicate that Comprehensive Coverage is provided for <br />any covered "auto"; <br />(2)Specified Causes of Loss only if the Declarations indicate that Specified Causes of Loss Coverage <br />is provided for any covered "auto"; or <br />(3)Collision only if the Declarations indicate that Collision Coverage is provided for any covered <br />"auto". <br />Liberty Mutual Fire Insurance Co. <br />Docusign Envelope ID: 06528EA8-C8FB-4176-8C2E-D53F24B897F0