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CLQBusiness Auto Policy CMA Policy Endorsement 3. This coverage does not apply while there are spare or reserve autos available to you for your operations. 4. If loss results from the total theft of a covered auto of the private passenger type, we will pay under this coverage only that amount of your rental reimbursement expenses which is not already provided for under the Physical Damage Coverage Extension. G. Hired "Autos" The following is added to SECTION III.Paragraph A.: 5. Hired Autos If Physical Damage coverage is provided under this policy, and such coverage does not extend to Hired Autos, then Physical Damage coverage is extended to: a. Any covered auto you lease, hire, rent or borrow without a driver; and b. Any covered auto hired or rented by your employee without a driver, under a contract in that individual employee's name, with your permission, while performing duties related to the conduct of your business. c. The most we will pay for any one accident or loss is the actual cash value, cost of repair, cost of replacement or$75,000 whichever is less minus a $500 deductible for each covered auto. No deductible applies to loss caused by fire or lightning. d. The physical damage coverage as is provided by this provision will be limited to the types of physical damage coverage(s) provided on your owned autos. e. Such physical damage coverage for hired autos will: (1) Include loss of use, provided it is the consequence of an accident for which the Named Insured is legally liable, and as a result of which a monetary loss is sustained by the leasing or rental concern. (2) Such coverage as is provided by this provision G.e.(1)will be subject to a limit of$750 per accident. H. Airbag Coverage The following is added to SECTION III,Paragraph B.3. The accidental discharge of an airbag shall not be considered mechanical breakdown. I.Electronic Equipment SECTION III,Paragraphs B.4.c and B.4.d. are deleted and replaced by the following: c. Physical Damage Coverage on a covered auto also applies to loss to any permanently installed electronic equipment including its antennas and other accessories d. A $100 per occurrence deductible applies to the coverage provided by this provision. 7.Diminution In Value The following is added to SECTION III,Paragraph B.6. Subject to the following, the diminution in value exclusion does not apply to: a. Any covered auto of the private passenger type you lease, hire, rent or borrow, without a driver for a period of 30 days or less, while performing duties related to the conduct of your business; and Form No:SCA 23 500 D(10-2011) Policy No:6078602548 Endorsement Effective Date: Endorsement Expiration Date: Policy Effective Date:6/20/2019 Endorsement No:23;Page:3 of 5 Policy Page:85 of 91 Underwriting Company:Valley Forge Insurance Company, 151 N Franklin St,Chicago,IL 60606 75 ®Copyright CNA All Rights Reserved.Includes copyrighted material of the Insurance Services Office,Inc.,used with its permission.