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COMMERCIAL <br />AUTO <br />4. Loss Payment — Physical Damage <br />Coverages <br />At our option, we may: <br />a.Pay for, repair or replace damaged or <br />stolen property; <br />b.Return the stolen property, at our ex- <br />pense. We will pay for any damage <br />that results to the "auto" from the theft; <br />or <br />c.Take all or any part of the damaged or <br />stolen property at an agreed or <br />appraised value. <br />If we pay for the "loss", our payment will in- <br />clude the applicable sales tax for the dam- <br />aged or stolen property. <br />5. Transfer Of Rights Of Recovery Against <br />Others To Us <br />If any person or organization to or for <br />whom we make payment under this <br />Coverage Form has rights to recover <br />damages from another, those rights are <br />transferred to us. That person or <br />organization must do everything <br />necessary to secure our rights and must <br />do nothing after "accident" or "loss" to <br />impair them. <br />B. General Conditions <br />1. Bankruptcy <br />Bankruptcy or insolvency of the "insured" <br />or the "insured's" estate will not relieve us <br />of any <br />obligations under this Coverage Form. <br />2. Concealment, Misrepresentation Or <br />Fraud <br />This Coverage Form is void in any case of <br />fraud by you at any time as it relates to <br />this Coverage Form. It is also void if you or <br />any other "insured", at any time, <br />intentionally conceals or misrepresents a <br />material fact concerning: <br />a.This Coverage Form; <br />b.The covered "auto"; <br />c.Your interest in the covered "auto"; or <br />d.A claim under this Coverage Form. <br />3. Liberalization <br />If we revise this Coverage Form to provide <br />more coverage without additional premium <br />charge, your policy will automatically <br />provide the additional coverage as of the <br />day the revision is effective in your state. <br />4. No Benefit To Bailee — Physical Damage <br />Coverages <br />We will not recognize any assignment or <br />grant any coverage for the benefit of any <br />per <br />Attachment Code: D681956 Master ID: 1529369, Certificate ID: 19861348 <br />Docusign Envelope ID: 458D6D02-0D6B-8C4E-8292-D706A4D93B4D