Discussion and Consideration of Pay Application #9 – Miron Construction – Tiffin Recreation Center – Motion to Approve — K-3

c. The cost of repairing or replacing the d. Costs for extended warranties, Credit Life damaged or stolen property. Insurance, Health, Accident or Disability Insurance purchased with the loan or lease; and A $500 deductible applies to “loss” caused by other than fire or lightning. e. Carry-over balances from previous loans or leases. (2) Subject to (1)a.,b. and c. above, we will provide coverage equal to the broadest physical damage Auto Loan/Lease Gap Coverage will only apply coverage applicable to any covered “auto” when no provision for this or similar coverage is shown in the Declarations. included in the original lease agreement written on the covered loaned/leased “auto.” (3) When you are required by a written contract to indemnify a lessor for actual financial loss due to XIX. Bodily Injury Redefined a loss of use of a hired “auto” resulting from a covered “accident” or “loss,” we will pay up to Section V – Definitions, Paragraph C. “Bodily injury” $65 per day subject to a maximum limit of is amended as follows: $1,000. “Bodily injury” means bodily injury, sickness or disease If a premium entry is shown in Item Four – Schedule sustained by a person including mental anguish, mental Of Hired Or Borrowed Covered Auto Coverage And injury or death resulting from any of these. Premiums – Physical Damage Insurance, this Provision does not provide any insurance. XX. Full Glass Coverage XVII. Vehicle Wraps, Custom Paint And Related The following is added to Paragraph D. Deductible of Advertising Modifications Section III-Physical Damage Coverage: The following is added to Paragraph C. Limit of For Comprehensive Coverage, no deductible applies to Insurance of Section III – Physical Damage Coverage “loss” to glass used in windshield, doors and windows of in the Business Auto Coverage Form: the covered “auto,” including glass used in sunroofs and moon roofs. If we offer to pay the actual cash value of the damaged or stolen “auto,” we will value vehicle advertising Full Glass coverage applies only to those covered wraps, paint customization and similar business-related “autos” described or designated for Comprehensive advertising modifications, separately from the actual Coverage in the Declarations. cash value of the “auto.” Coverage for these items will be on a replacement cost basis. XXI. Collision Deductible Waiver-Not At Fault Accident XVIII. Auto Loan/Lease Gap Coverage The following is added to Paragraph D. Deductible of Section III - Physical Damage Coverage: The Physical Damage Coverage Section is amended by addition of the following: The deductible amount shall not apply to a total “loss” caused by collision between your covered “auto” and In the event of a total “loss” to a covered “auto” shown another “auto,” provided: in the Schedule Of Covered Autos You Own, we will pay any unpaid amount due on the lease or loan for a a. The owner or operator of such other “auto” has covered “auto,” less: been identified; and 1. The amount paid under the policy’s Physical b. The owner or operator of such other “auto” is Damage Coverage Section; and legally liable for the “loss” to your covered “auto” 2. Any: and does not qualify as an “insured” under this a. Overdue lease/loan payments at the time of policy; and the “loss”; c. You are not comparatively or contributorily b. Financial penalties imposed under a lease negligent for the “loss”; and for excessive use, abnormal wear and tear or high mileage; d. There is an available local police or law enforcement report which details the accident and c. Security deposits not returned by the lessor; identifies the owner and operator of the other motor vehicle and their insurance carrier(s). Includes copyrighted material of Insurance Services Office, Inc., with its permission. 71 1783 0520 Copyright, Insurance Services Office, Inc., 1993, 2001 Page 4 of 5