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Includes copyrighted material of ISO Properties, Inc., with its permission. Copyright, ISO Properties, Inc., 2019 CA-181-N2G (03-21) Page 7 of 9 applies if you carry Comprehensive or Specified Causes of Loss Coverage for those vehicles, and does not extend coverage to any covered autos for which you do not carry such coverage. No deductible applies to glass if the glass is repaired, in a manner acceptable to us, rather than replaced. U. PHYSICAL DAMAGE LIMIT OF INSURANCE Under SECTION III PHYSICAL DAMAGE COVERAGE, subsection C. Limits Of Insurance is de- leted in its entirety and replaced by the following: C. Limits Of Insurance 1. The most we will pay for loss in any one accident is the lesser of: a. The actual cash value of the damaged or stolen property as of the time of the loss ; or b. The cost of repairing or replacing the damaged or stolen property. 2. $1500 is the most we will pay for loss in any one accident to all electronic equipment that reproduces, receives or transmits audio, visual or data signals which, at the time of loss, is: a. Permanently installed in or upon the covered auto in a housing, opening or other lo- cation that is not normally used by the auto manufacturer for the installation of such equipment. b. Removable from a permanently installed housing unit as described in Paragraph 2.a. above or is an integral part of that equipment; or c. An integral part of such equipment. 3. An adjustment for depreciation and physical condition will be made in determining actual cash value in the event of a total loss. 4. The cost of repairing or replacing may: a. Be based on an estimate which includes parts furnished by the original equipment manufacturer or other sources including non-original equipment manufacturers; and b. If a repair or replacement results in better than like kind or quality, we will not pay for the amount of the net improvement. 5. If we offer to pay the actual cash value of the damaged or stolen property, we will include the value of auto advertising wraps, paint customization, and similar business related ad- vertising modifications, in addition to the actual cash value of the property. Auto advertis- ing wraps, paint customization, and similar business related advertising modifications will be valued at the cost to replace them with an adjustment made for depreciation and physical condition. V. NEW VEHICLE REPLACEMENT COST The following is added to SECTION III PHYSICAL DAMAGE COVERAGE, subsection C. Limits Of Insurance: The provisions of paragraphs 1. and 3. do not apply to a covered auto of the private passenger type or a vehicle with a gross vehicle weight rating of 20,000 pounds or less which is a new vehi- cle. Docusign Envelope ID: B1798F31-93DB-4AB1-AC82-92BCF01B645C