THIS
ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.
OWNED
MOTORIZED GOLF CART
PHYSICAL LOSS COVERAGE
A. DEFINITIONS
For the purpose of this endorsement only, the following definition is
added to the policy:
"Golf Cart" means a motorized conveyance, described
in the Schedule above, including permanently installed accessories,
equipment or parts, that is:
1. Designed to carry up to four people on a golf course for the purpose
of playing golf, and
2. Not built or modified after manufacture to exceed a speed of 25 miles
per hour on level ground.
B. SECTION I - PROPERTY COVERAGES
1. Covered Property
We cover the following property for loss by a Peril Insured Against
described in C. below:
a. The golf cart for which a limit is shown in the Schedule.
That limit is the most we will pay for any one loss to that
cart; and
b. Accessories, equipment or parts not permanently installed that
are designed or made solely for use with the golf cart,
but only if, at the time of loss, such property is:
(1) At an insured's residence; or
(2) In or upon a golf cart off an insured's residence.
The limit of liability for such property shall be an
amount equal to 10% of the highest limit of liability shown in the Schedule.
That limit is the most we will pay for any one loss.
2. Property Not Covered
We do not cover property described in B.1. above if loss
by a Peril Insured Against described in C. below is also covered
by another insurance policy, mechanical breakdown insurance or warranty,
or a manufacturer's or extended warranty. However, if the other insurance
or warranty pays less than the limit in the Schedule, we will
pay the difference, up to that limit, subject to the deductible and
loss settlement conditions in D. and E. below.
C. SECTION I - PERILS INSURED AGAINST
1. We insure property described in B. above against risk
of direct physical loss except Collision and as excluded in E. below.
2. If the Schedule shows that Collision Peril C.2. applies, we
also insure against the risk of collision meaning the physical contact
of the golf cart with another object or the upset of the golf
cart without contact with another object.
D. DEDUCTIBLE
The following replaces any other deductible in this policy with respect
to property covered under this endorsement:
The deductible amount shown in the Schedule applies separately to each
involved golf cart and separately to property described in B.2.
if not in or upon a golf cart at the time of loss.
E. SECTION I - EXCLUSIONS
We do not insure for loss:
1. Excluded under SECTION I - EXCLUSIONS in the policy form;
2. If, at the time of loss, the golf cart is being:
a. Operated in, or practicing for, any prearranged or
organized race, speed contest or other similar competition;
b. Rented to others;
c. Used to carry persons or cargo for a charge; or
d. Used for any business purpose except while on a golfing facility;
3. To tires or wheels caused by contact with the road or ground, or
tires punctured by an object lying on the ground;
4. To the electrical system or equipment caused by artificial electricity;
5. Caused by or resulting from any work being done on the golf cart,
unless fire or explosion ensues and then only for the loss by such ensuing
fire or explosion;
6. Caused by or resulting from:
a. Vandalism or Malicious Mischief if the place where
the golf cart is kept or stored has been unoccupied, closed for
the season or is not in operation for any reason, for more than 60 consecutive
days immediately before the loss;
b. Electrical, mechanical or structural breakdown or failure;
c. Overheating, freezing, dampness of the atmosphere or extremes of
temperature;
d. Wear, tear, deterioration, fungi, rust of corrosion;
e. Inherent vice, latent defect or any quality in property that causes
it to damage or destroy itself; or
f. Animals, birds, vermin, insects or rodents. If however, Collision
Peril C.2. applies, this exclusion does not apply to collision
with an animal or bird.
F. SECTION I - CONDITIONS
Paragraph 3. Loss Settlement is deleted and replaced by the following:
3. Loss Settlement
With respect to a covered golf cart and property described in
B.2., we will pay no more than the least of the following:
a. The actual cash value;
b. The amount required to repair or replace; or
c. The limit of liability that applies to such property.
We will use the manufacturer's specifications or accepted repair
practices to repair the golf cart's molded body or parts made of fiberglass,
plastic or composite materials.
All other provisions of this policy apply.
AUTO CLUB FAMILY INSURANCE COMPANY
|
__________________________
|
________________________
|
|
Secretary
|
President
|
| CO
05 28 03 06 |
Includes copyrighted material of
Insurance
Services Office, Inc., with its permission.
Copyright, Insurance Services Office, Inc., 1999
|
|
|