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SERFF Tracking #:

ASTP-128484141

State Tracking #: 12-5431; 12-5432

Company Tracking #: LMG-IM-CLRI-0412-F/R

State:

California

First Filing Company:

Liberty Insurance Underwriters Inc., ...

TOI/Sub-TOI:

09.0 Inland Marine/09.0007 Communication Equipment (Cellular Telephones)

Product Name:

LMG-IM-CLRI-04/2012-F/R

Project Name/Number: /

Filing at a Glance

Companies:

Liberty Insurance Underwriters Inc. Liberty Mutual Insurance Company

Product Name:

LMG-IM-CLRI-04/2012-F/R

State:

California

TOI:

09.0 Inland Marine

Sub-TOI:

09.0007 Communication Equipment (Cellular Telephones)

Filing Type:

New Program

Date Submitted:

06/23/2012

SERFF Tr Num:

ASTP-128484141

SERFF Status:

Closed-Rejected

State Tr Num:

12-5431; 12-5432

State Status:

Rejected at Intake

Co Tr Num:

LMG-IM-CLRI-0412-F/R

Effective Date Requested (New):

08/01/2012

Effective Date Requested (Renewal):

10/01/2012

Author(s):

Renee Pace

Reviewer(s):

Sharon Doce (primary)

Disposition Date:

07/09/2012

Disposition Status:

Rejected

Effective Date (New):

07/09/2012

Effective Date (Renewal):

PDF Pipeline for SERFF Tracking Number ASTP-128484141 Generated 04/17/2015 11:16 PM

SERFF Tracking #:

ASTP-128484141

State Tracking #: 12-5431; 12-5432

Company Tracking #: LMG-IM-CLRI-0412-F/R

State:

California

First Filing Company:

Liberty Insurance Underwriters Inc., ...

TOI/Sub-TOI:

09.0 Inland Marine/09.0007 Communication Equipment (Cellular Telephones)

Product Name:

LMG-IM-CLRI-04/2012-F/R

Project Name/Number: /

General Information

Project Name:

Status of Filing in Domicile: Pending

Project Number:

Domicile Status Comments:

Reference Organization:

Reference Number:

Reference Title:

Advisory Org. Circular:

Filing Status Changed: 07/09/2012 State Status Changed: 07/09/2012

Deemer Date:

Created By: Renee Pace Corresponding Filing Tracking Number:

Submitted By: Renee Pace

Filing Description:

Liberty Mutual Insurance Company and Liberty Insurance Underwriters Inc. (“the Company”) are filing, for your review and approval, a new Portable Electronics Commercial Inland Marine Insurance Policy.

The Company’s Portable Electronics Commercial Inland Marine Insurance Policy program provides coverage for insured Portable Electronic Devices. Please see the enclosed filing memorandum for further details.

Please contact me if you have additional questions.

Sincerely,

Renee Pace

734-316-2875

Company and Contact

Filing Contact Information

Renee Pace, 300 S. Wacker Dr., Chicago, IL 60606

renee.pace@asurion.com 734-316-2875 [Phone]

PDF Pipeline for SERFF Tracking Number ASTP-128484141 Generated 04/17/2015 11:16 PM

SERFF Tracking #:

ASTP-128484141

State Tracking #: 12-5431; 12-5432

Company Tracking #: LMG-IM-CLRI-0412-F/R

State:

California

First Filing Company:

Liberty Insurance Underwriters Inc., ...

TOI/Sub-TOI:

09.0 Inland Marine/09.0007 Communication Equipment (Cellular Telephones)

Product Name:

LMG-IM-CLRI-04/2012-F/R

Project Name/Number: /

Filing Company Information

(This filing was made by a third party - asuriontpf)

Liberty Mutual Insurance Company

CoCode: 23043

State of Domicile:

175 Berkeley St.

Group Code: 111

Massachusetts

Boston, MA 02117

Group Name: Liberty Mutual

Company Type:

(617) 357-9500 ext. [Phone]

Group FEIN Number: 04-1543470

State ID Number:

Liberty Insurance Underwriters Inc. 55 Water St., 18th Floor New York, NY 10041 (212) 208-4100 ext. [Phone]

CoCode: 19917 Group Code: 111 Group Name: Liberty Mutual Group FEIN Number: 22-2227331

State of Domicile: Illinois Company Type:

State ID Number:

Filing Fees

Fee Required?

Retaliatory?

Fee Explanation:

No

No

State Specific

Variance Requested? (Yes/No): No

PDF Pipeline for SERFF Tracking Number ASTP-128484141 Generated 04/17/2015 11:16 PM

SERFF Tracking #:

ASTP-128484141

State Tracking #:

12-5431; 12-5432

Company Tracking #:

LMG-IM-CLRI-0412-F/R

State:

California

First Filing Company:

Liberty Insurance Underwriters Inc., ...

TOI/Sub-TOI:

09.0 Inland Marine/09.0007 Communication Equipment (Cellular Telephones)

Product Name:

LMG-IM-CLRI-04/2012-F/R

 

Project Name/Number:

/

Correspondence Summary

Dispositions

Status

Created By

Created On

Date Submitted

Rejected

Sharon Doce

07/09/2012

07/09/2012

Objection Letters and Response Letters

Objection Letters

Response Letters

Status

Created By

Created On

Date Submitted

Responded By

Created On

Date Submitted

Pending

Sharon Doce

06/26/2012

06/26/2012

 

company

response

PDF Pipeline for SERFF Tracking Number ASTP-128484141 Generated 04/17/2015 11:16 PM

SERFF Tracking #:

ASTP-128484141

State Tracking #:

12-5431; 12-5432

Company Tracking #:

LMG-IM-CLRI-0412-F/R

State:

California

First Filing Company:

Liberty Insurance Underwriters Inc., ...

TOI/Sub-TOI:

09.0 Inland Marine/09.0007 Communication Equipment (Cellular Telephones)

Product Name:

LMG-IM-CLRI-04/2012-F/R

 

Project Name/Number:

/

Disposition

Disposition Date: 07/09/2012 Effective Date (New): 07/09/2012 Effective Date (Renewal):

Status: Rejected

Comment:

This filing was received by the Rate Filing Bureau on 6/25/2012. However, we have been unable to process your submission because it is incomplete and/or contains incorrect information. Therefore, as of the date of this notice, this application is rejected for incompleteness.

The application is rejected for the following reason(s):

1) Prior Approval Rate Applications must be submitted in both Excel and PDF format. 2) For all rate filings received on or after June 1st, the data provided must be for the most recent year.

Be advised that you may file a new separate application.

If you wish to contest the determination that the application is incomplete, you must request a Rejection Hearing. Your request must be received by the Department of Insurance within ten (10) days of the rejection date. The request for hearing, and four copies, should be directed to the Department of Insurance as follows:

Ms. Elizabeth Mohr, Assistant Chief Counsel Rate Enforcement Bureau California Department of Insurance 45 Fremont Street, 21st Floor San Francisco, CA 94105

The scope of Hearing is limited to the completeness of the application as filed with the Department.

Please refer to the California Code of Regulations, Title 10, Chapter 5, Subchapter 4.8, Article 8, Sections 2648.1 – 2648.4 for the specific procedures regarding the completeness determination hearing.

Rate data does NOT apply to filing.

Overall Rate Information for Multiple Company Filings Overall Percentage Rate Indicated For This Filing

0.000%

PDF Pipeline for SERFF Tracking Number ASTP-128484141 Generated 04/17/2015 11:16 PM

SERFF Tracking #:

ASTP-128484141

State Tracking #:

12-5431; 12-5432

Company Tracking #:

LMG-IM-CLRI-0412-F/R

State:

California

First Filing Company:

Liberty Insurance Underwriters Inc., ...

TOI/Sub-TOI:

09.0 Inland Marine/09.0007 Communication Equipment (Cellular Telephones)

Product Name:

LMG-IM-CLRI-04/2012-F/R

 

Project Name/Number:

/

Overall Percentage Rate Impact For This Filing

 

0.000%

Effect of Rate Filing-Written Premium Change For This Program

$0

Effect of Rate Filing - Number of Policyholders Affected

0

Schedule

Schedule Item

Schedule Item Status

Public Access

Supporting Document

Prior Approval Rate Application

 

Yes

Supporting Document

Third Party Authorizations

 

Yes

Supporting Document

Forms List

 

Yes

Supporting Document

Exhibits

 

Yes

Supporting Document

Explanatory Memorandum

 

Yes

Form

Commercial Inland Marine - Scheduled - Covered Property

 

Yes

Form

Portable Electronics Coverage Insurance Policy

 

Yes

Form

Declarations Page

 

Yes

Form

Account Based Coverage Endorsement A

 

Yes

Form

Account Based Coverage Endorsement B

 

Yes

Form

Account Based Coverage Endorsement C

 

Yes

Form

Account Based Coverage Endorsement D

 

Yes

Form

Device and Account Based Coverage Endorsement A

 

Yes

Form

Device and Account Based Coverage Endorsement B

 

Yes

Form

Device and Account Based Coverage Endorsement C

 

Yes

Form

Device and Account Based Coverage Endorsement D

 

Yes

Form

Electrical and Mechanical Breakdown Coverage Endorsement

 

Yes

Form

Account Based Coverage Endorsement E

 

Yes

Form

Account Based Coverage Endorsement F

 

Yes

Form

Device and Account Based Coverage Endorsement E

 

Yes

Form

Device and Account Based Coverage Endorsement F

 

Yes

Form

Declining Deductible Endorsement

 

Yes

Form

Deductible By Peril Endorsement

 

Yes

Form

Virus Coverage Endorsement

 

Yes

Form

Battery Coverage Endorsement

 

Yes

Form

Standard Software Schedule Endorsement

 

Yes

Form

Commercial Inland Marine - Standard Software Schedule

 

Yes

PDF Pipeline for SERFF Tracking Number ASTP-128484141 Generated 04/17/2015 11:16 PM

SERFF Tracking #:

ASTP-128484141

State Tracking #:

12-5431; 12-5432

Company Tracking #:

LMG-IM-CLRI-0412-F/R

State:

California

First Filing Company:

Liberty Insurance Underwriters Inc., ...

TOI/Sub-TOI:

09.0 Inland Marine/09.0007 Communication Equipment (Cellular Telephones)

Product Name:

LMG-IM-CLRI-04/2012-F/R

 

Project Name/Number:

/

Schedule

Schedule Item

Schedule Item Status

Public Access

Form

Declaration Change Endorsement

 

Yes

Rate

State Exception Page

 

Yes

Rate

Countrywide Rating Manual

 

Yes

PDF Pipeline for SERFF Tracking Number ASTP-128484141 Generated 04/17/2015 11:16 PM

SERFF Tracking #:

ASTP-128484141

State Tracking #: 12-5431; 12-5432

Company Tracking #: LMG-IM-CLRI-0412-F/R

State:

California

First Filing Company:

Liberty Insurance Underwriters Inc., ...

TOI/Sub-TOI:

09.0 Inland Marine/09.0007 Communication Equipment (Cellular Telephones)

Product Name:

LMG-IM-CLRI-04/2012-F/R

Project Name/Number: /

Objection Letter

Objection Letter Status

Pending company response

Objection Letter Date

06/26/2012

Submitted Date Respond By Date

06/26/2012

Dear Renee Pace,

Introduction:

Objection 1

- Prior Approval Rate Application (Supporting Document) Comments: 1. Please submit Prior Approval Rate Application in the original Excel format.

  • 2. Provide data for the most recent year, 2011.

Thank you for your prompt attention to this request.

Conclusion:

Sincerely,

Sharon Doce

PDF Pipeline for SERFF Tracking Number ASTP-128484141 Generated 04/17/2015 11:16 PM

SERFF Tracking #:

ASTP-128484141

State Tracking #:

12-5431; 12-5432

Company Tracking #:

LMG-IM-CLRI-0412-F/R

State:

California

First Filing Company:

Liberty Insurance Underwriters Inc., ...

TOI/Sub-TOI:

09.0 Inland Marine/09.0007 Communication Equipment (Cellular Telephones)

Product Name:

LMG-IM-CLRI-04/2012-F/R

 

Project Name/Number:

/

Form Schedule

Item

Schedule Item

Form

Form

Edition

Form

Form

Action Specific

Readability

 

No.

Status

Name

Number

Date

Type

Action

Data

Score

Attachments

1

 

Commercial Inland Marine

CLRI 003

04/2012

OTH

New

   
  • 0.000 CLRI 003 -

- Scheduled - Covered

(04/2012)

Covered Property

Property

 

CL

20120403.pdf

2

 

Portable Electronics

CLRI 005

04/2012

PCF

New

   
  • 0.000 CLRI 005 - LMIC

Coverage Insurance

(04/2012)

Retail Policy CL

Policy

 

20120403.pdf

3

 

Declarations Page

CLRI 006

04/2012

DEC

New

   
  • 0.000 CLRI 006 - LMIC

(04/2012)

Retail Dec CL

 

20120403.pdf

4

 

Account Based Coverage

CLRI 007

04/2012

END

New

   
  • 0.000 CLRI 007 - ABC

Endorsement A

(04/2012)

End A - All LN RT

CL

20120403.pdf

5

 

Account Based Coverage

CLRI 008

04/2012

END

New

   
  • 0.000 CLRI 008 - ABC 20120403.pdf

Endorsement B

(04/2012)

End B - All LN

Bonus CL

6

 

Account Based Coverage

CLRI 009

04/2012

END

New

   
  • 0.000 CLRI 009 - ABC

Endorsement C

(04/2012)

End C - Enroll RT

CL

20120403.pdf

7

 

Account Based Coverage

CLRI 010

04/2012

END

New

   
  • 0.000 CLRI 010 - ABC 20120403.pdf

Endorsement D

(04/2012)

End D - Enroll

Bonus CL

8

 

Device and Account

CLRI 011

04/2012

END

New

 
  • 0.000 CLRI 011 -

 

Based Coverage

(04/2012)

ABC_DBC End A

Endorsement A

-

All LN RT CL

20120403.pdf

9

 

Device and Account

CLRI 012

04/2012

END

New

 
  • 0.000 CLRI 012 -

 

Based Coverage

(04/2012)

ABC_DBC End B

Endorsement B

-

All LN Bonus

CL

20120403.pdf

10

 

Device and Account

CLRI 013

04/2012

END

New

 
  • 0.000 CLRI 013 -

 

Based Coverage

(04/2012)

ABC_DBC End C

Endorsement C

-

Enroll RT CL

20120403.pdf

PDF Pipeline for SERFF Tracking Number ASTP-128484141 Generated 04/17/2015 11:16 PM

SERFF Tracking #:

ASTP-128484141

State Tracking #:

12-5431; 12-5432

Company Tracking #:

LMG-IM-CLRI-0412-F/R

State:

California

First Filing Company:

Liberty Insurance Underwriters Inc., ...

TOI/Sub-TOI:

09.0 Inland Marine/09.0007 Communication Equipment (Cellular Telephones)

Product Name:

LMG-IM-CLRI-04/2012-F/R

 

Project Name/Number:

/

Item

Schedule Item

Form

Form

Edition

Form

Form

Action Specific

Readability

 

No.

Status

Name

Number

Date

Type

Action

Data

Score

Attachments

11

 

Device and Account

CLRI 014

04/2012

END

New

   
  • 0.000 CLRI 014 -

Based Coverage

(04/2012)

ABC_DBC End D

Endorsement D

 

-

Enroll Bonus CL

20120403.pdf

12

 

Electrical and Mechanical

CLRI 015

04/2012

END

New

   
  • 0.000 CLRI 015 - M and

Breakdown Coverage

(04/2012)

E Endorsement

Endorsement

 

CL

20120403.pdf

13

 

Account Based Coverage

CLRI 016

04/2012

END

New

   
  • 0.000 CLRI 016 - ABC

Endorsement E

(04/2012)

End E- All LN CL

-

Non-Pooled

20120403.pdf

14

 

Account Based Coverage

CLRI 017

04/2012

END

New

   
  • 0.000 CLRI 017 - ABC 20120403.pdf

Endorsement F

(04/2012)

End F - Enroll

CL- Non-Pooled

15

 

Device and Account

CLRI 018

04/2012

END

New

   
  • 0.000 CLRI 018 -

Based Coverage

(04/2012)

ABC_DBC End E

Endorsement E

 

All LN CL - Non- Pooled

-

20120403.pdf

16

 

Device and Account

CLRI 019

04/2012

END

New

   
  • 0.000 CLRI 019 -

Based Coverage

(04/2012)

ABC_DBC End F

Endorsement F

 

Enroll CL - Non- Pooled

-

20120403.pdf

17

 

Declining Deductible

CLRI 020

04/2012

END

New

   
  • 0.000 CLRI 020 - 20120403.pdf

Endorsement

(04/2012)

Declining

Deductible CL

18

 

Deductible By Peril

CLRI 021

04/2012

END

New

   
  • 0.000 CLRI 021 - Peril

Endorsement

(04/2012)

Deductible CL

 

20120403.pdf

19

 

Virus Coverage

CLRI 022

04/2012

END

New

   
  • 0.000 CLRI 022 - Virus

Endorsement

(04/2012)

Coverage End

 

CL

20120403.pdf

20

 

Battery Coverage

CLRI 023

04/2012

END

New

   
  • 0.000 CLRI 023 - 20120403.pdf

Endorsement

(04/2012)

Battery Coverage

End CL

PDF Pipeline for SERFF Tracking Number ASTP-128484141 Generated 04/17/2015 11:16 PM

SERFF Tracking #:

ASTP-128484141

State Tracking #:

12-5431; 12-5432

Company Tracking #:

LMG-IM-CLRI-0412-F/R

State:

California

First Filing Company:

Liberty Insurance Underwriters Inc., ...

TOI/Sub-TOI:

09.0 Inland Marine/09.0007 Communication Equipment (Cellular Telephones)

Product Name:

LMG-IM-CLRI-04/2012-F/R

 

Project Name/Number:

/

Item

Schedule Item

Form

Form

Edition

Form

Form

Action Specific

Readability

 

No.

Status

Name

Number

Date

Type

Action

Data

Score

Attachments

21

 

Standard Software

CLRI 024

04/2012

END

New

   
  • 0.000 CLRI 024 - Other 20120403.pdf

Schedule Endorsement

(04/2012)

Standard

Software Schedule End CL

22

 

Commercial Inland Marine

CLRI 025

04/2012

OTH

New

   
  • 0.000 CLRI 025 - 20120403.pdf

- Standard Software

(04/2012)

Standard

Schedule

Software Schedule CL

23

 

Declaration Change

CLRI 026

04/2012

END

New

   
  • 0.000 CLRI 026 - 20120403.pdf

Endorsement

(04/2012)

Declaration

Change Endorsement CL

Form Type Legend:

 

ABE

Application/Binder/Enrollment

 

ADV

Advertising

   

BND

Bond

CER

Certificate

CNR

Canc/NonRen Notice

 

DEC

Declarations/Schedule

 

DSC

Disclosure/Notice

END

Endorsement/Amendment/Conditions

ERS

Election/Rejection/Supplemental Applications

 

OTH

Other

PDF Pipeline for SERFF Tracking Number ASTP-128484141 Generated 04/17/2015 11:16 PM

Endorsement Number:

Endorsement Effective Date:

Modifies Policy Number:

Issued to First Named Insured:

[LIBERTY MUTUAL INSURANCE COMPANY] [LIBERTY INSURANCE UNDERWRITERS INC.]

Commercial Inland Marine – Scheduled – Covered Property

This schedule provides supplementary information to be used with the PORTABLE ELECTRONICS COVERAGE INSURANCE POLICY to which it is attached.

Type of Coverage: _________________________________________________________

Description of Property Covered

Monthly Premium Rate

Deductible

Maximum Limit

       

CLRI 003 (04/2012)

© 2012 Asurion Insurance Services, Inc.

Page 1 of 1

[LOGO]

[LIBERTY MUTUAL INSURANCE COMPANY] [LIBERTY INSURANCE UNDERWRITERS INC.]

[insert address] [insert toll free number]

PORTABLE ELECTRONICS COVERAGE INSURANCE POLICY

Various provisions in this policy restrict coverage. Read the entire policy carefully to determine rights, duties and what is and is not covered. The words ''we,'' ''us'' and ''our'' refer to the Insurer shown in the Declarations that is providing this insurance.

The terms “you” and “ your” mean, as the context requires, the First Named Insured or any Additional Insured or both.

The word "Agent" refers to the Agent shown in the Declarations.

The term "Authorized Service Center" means the service center providing repair and replacement services on our behalf.

The term “Vendor” means the Vendor shown in the Declarations , who is the First Named Insured, providing the Covered Property.

A.

COVERAGE

In exchange for premium paid when due, we agree to provide the coverage as stated in this policy on a month to month basis, provided that any covere d damage or loss to the Covered Property is sustained while your coverage is in effect.

  • 1. Who Is Covered

    • a. First Named Insured The First Named Insured is the First Named Insured shown in the Declarations .

    • b. Additional Insureds The First Named Insured has the right to request Additional Insured status for a customer for his or her interest in Covered Property which he, she or it owns (references herein to “Insured” refer collectively to “First Named Insured” and “Additional Insured”). Requests for coverage for Additional Insureds are subject to our approval.

  • 2. Covered Property Covered Property means the Covered Property shown in the Declarations .

  • 3. Coverage Period Coverage is provided for the policy period shown in the Declarations subject to Section G.4.b.

  • 4. Coverage Territory

  • We insure the Covered Property:

    • a. {If coverage territory “a” is selected in the Declarations, then the following language will appear: when it is present in the United States or its territories and Canada. We do not ins ure the Covered Property when it is outside the United States or its territories or Canada;} or

    • b. {If coverage territory “b” is selected in the Declarations, then the following language will appear: wherever it is located in the world.}

    We may require any claims occurring outside the United States or its territories to be processed in the United States.

    • 5. Covered Causes of Loss

    CLRI 005 (04/2012)

    © 2012 Asurion Insurance Services, Inc.

    Page 1 of 9

    • a. {If “Plan 1” is selected in the Declarations, then the following language will appear: Covered Causes of Loss means risks of being directly damaged, except as limited or excluded elsewhere in this policy}; or

    • b. {If “Plan 2” is selected in the Declarations, then the following language will appear: Covered Causes of Loss means risks of being lost or stolen, except as limited or exc luded elsewhere in this policy}; or

    • c. {If “Plan 3” is selected in the Declarations, then the following language will appear: Covered Causes of Loss means risks of mechanical or electrical breakdown or being directly damaged, except as limited or excluded elsewhere in this policy}; or

    • d. {If “Plan 4” is selected in the Declarations, then the following language will appear: Covered Causes of Loss means risks of being lost, stolen or directly damaged, except as limited or excluded elsewhere in this policy}; or

    • e. {If “Plan 5” is selected in the Declarations, then the following language will appear: Covered Causes of Loss means risks of mechanical or electrical breakdown or being lost, stolen or directly damaged, except as limited or excluded elsewhere in th is policy.}

    • 6. Property Not Covered Covered Property does not include:

      • a. Contraband or property in the course of illegal transportation or trade.

      • b. Data, meaning information input to, stored on, or processed by the Covered Property. This includes documents, databases, messages, licenses, contact information, passwords, books, games, magazines, photos, videos, ringtones, music, and maps.

      • c. Proprietary electronic devices included with automobile systems and any motor vehicle or watercraft original or after-market equipment or accessories, whether or not permanently installed, including any antenna or wiring.

      • d. Property that has been entrusted to (including property in-transit) others for any service, repair or replacement, other than the Authorized Service Center or its designee.

      • e. Nonstandard Software, meaning software other than Standard Software. “Standard Software” means the operating system pre-loaded on or included as standard with the Covered Property from the manufacturer.

      • f. Any portable electronic device whose unique identification number (including serial number, ESN, MEID, IMEI or similar unique identification number) has been altered, defaced or removed.

      • g. Nonstandard External Media, meaning physical objects on which data can be stored b ut which are not integrated components of the Covered Property required for it to function. This includes data cards, memory cards, external hard drives, and flash drives. Nonstandard External Media does not include Standard External Media. “Standard External Media” means physical objects on which data can be stored and that came standard in the original packaging with the Covered Property from the manufacturer but which are not integrated components of the Covered Property required for it to function.

      • h. Any property you lease, rent or hold for others.

      • i. Any other equipment or accessories not described as Covered Property.

      • j. Batteries (unless otherwise covered as a covered accessory when part of a loss to other Covered Property).

    B.

    EXCLUSIONS

    This insurance does not apply to loss or damage identified in any of the following or directly or indirectly caused by or resulting from any of the following:

    • 1. Governmental Authority Seizure or destruction of property by order of governmental authority.

    • 2. Nuclear Hazard Nuclear reaction or radiation, or radioactive contamination, however caused. If physical loss or damage by fire ensues, we will pay only for such ensuing loss or damage.

    • 3. War

    CLRI 005 (04/2012)

    © 2012 Asurion Insurance Services, Inc.

    Page 2 of 9

    • (a) War, including undeclared or civil war;

    • (b) Warlike action by a military force; or

    • (c) Insurrection, rebellion, revolution, usurped power or action taken by governmental authority in hindering or defending against any of these.

    Such loss or damage is excluded regardless of any other cause or event that contributes concurrently or in any sequence to the loss or damage.

    • 4. Delay, Loss of Use

    Indirect or consequential loss or damage, including loss of use, interruption of business, loss of service, loss of market loss of time, loss of profits, inconvenience or delay in repairing or replacing lost or damaged Covered Property.

    • 5. Electrical and Mechanical Breakdown Failure of Covered Property to operate due to a faulty part or workmanship or normal wear and tear when operated according to the manufacturer’s ins tructions.

    • 6. Dishonest or Criminal Acts Dishonest, fraudulent or criminal acts by you, any authorized user of the Covered Property, anyone you entrust with the Covered Property, or anyone else with an interest in the Covered Property for any purpose, whether acting alone or in collusion with others.

    • 7. Obsolescence Obsolescence or depreciation.

    • 8. Recall or Design Defect

      • (a) Manufacturer’s recall; or

      • (b) Error or omission in design, programming or system configuration.

  • 9. Cosmetic Damage Cosmetic damage, however caused, that does not affect the manufacturer's intended use. includes:

    • (a) Cracking, marring, or scratching.

    • (b) Change in color or other change in the exterior finish.

    • (c) Expansion or contraction.

    • 10. Covered Under Warranty

    This

    Loss or damage that is covered under the manufacturer’s warranty. In the event we have knowledge of a prior malfunction, proof of repair may be required before coverage for future claims is applicable.

    • 11. Late Claims Claim s not reported as required by Section E.3. of this policy.

    • 12. Programming, Repair Work Programming, cleaning, adjusting, repairing, modifying, installing, servicing, maintaining, or performing any other work upon Covered Property.

    • 13. Virus Computer virus or any other malicious code or similar instruction that:

      • (a) Disrupts the normal operation of the Covered Property; or

      • (b) Results in destruction of or unsuitability of data or programs stored in the Covered Property.

  • 14. Voluntary Parting Voluntarily parting with Covered Property by an Insured or by any person entrusted with Covered Property, whether or not induced to do so by any fraudulent scheme, trick, device or false pretense.

  • 15. Intentional Loss or Damage Abuse, intentional acts, or use of the Covered Property in a manner inconsistent with the use for which it was designed, intended, or advised by the manufacturer or that would void the manufacturer’s warranty.

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    16.

    Pollution

    The discharge, dispersal, seepage, migration or escape of pollutants. Pollutants means any solid, liquid, gaseous, or thermal irritant or contaminant including smoke, vapor, soot, fumes, acid, alkalis, chemicals, artificially produced electric fields, magnetic field, electromagnetic field, sound waves, microwaves, and all artificially produced ionizing or non-ionizing radiation and/or waste. Waste includes materials to be recycled, reconditioned or reclaimed.

    • 17. Fees or Charges Any fees or charges assessed by Vendor , whether the charges incurred are legitimate or fraudulent.

    • 18. Failure to Mitigate Failure to do what is reasonably necessary to minimize the loss and to protect the Covered Property from any further loss.

    • 19. Vermin Insects, rodents, or other vermin.

    • C. LIMITS OF INSURANCE The most we will spend in any one occurrence to repair or replace Covered Property is the applicable Per Claim (Per Occurrence) Limit shown in the Declarations . claim.

    The Limit of Insurance applies separately to each

    Each Additional Insured is limited to the maximum number of losses as shown in the Aggregate Limit section

    in the Declarations

    in any consecutive 12 month time period, including losses incurred during any prior

    consecutive policy period . When this limit is exhausted, coverage will cease immediately and we will notify the Additional Insured that coverage has ceased and no f uture premiums are due.

    • D. DEDUCTIBLE The Deductible as shown in the Declarations is non-refundable and is payable at the time a loss is approved by the Agent. This Deductible will apply to each filed and approved covered claim, and does not reduce the Limit of Insurance. Only an Insured may pay the Deductible.

    • E. INSURED’S DUTIES IN EVENT OF LOSS TO INSURED’S COVERED PROPERTY In the event of loss or damage to Covered Property, the Insured presenting the claim must cooperate with us and see that the following are done:

      • 1. Suspend Wireless Service Suspend your wireless communication service, if applicable, as soon as possible if the Covered Property is lost or stolen.

      • 2. Notify Police If a claim involves a violation of law or any loss of possession, not ify the police and obtain a police report or case number, the police station phone number, and the officer’s name and badge number taking the report. If requested, provide a copy of the police report to our Agent within 30 days of request.

      • 3. Notify Agent, Give Description Notify the Agent within Notification of Loss Period as shown in the Declarations of the time of loss Give a complete description of:

        • a. The Covered Property, including make and model, wireless number, if applicable, and unique identification number number); and

    (such as serial number, ESN, MEID, IMEI or similar unique identification

    • b. How, when and where the loss or damage occurred.

    • 4. Protect Take all reasonable steps to protect the Covered Property from further damage.

    • 5. Permit Inspection Permit us or our Agent to inspect the damaged property. If we request to evaluate your equipment failure prior to completion of your claim, we may require you to take the Covered Property to a specified location in your area, or send it to the Agent or Authorized Service Center at our expense.

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    6.

    Statement Under Oath

    If requested by us or our Agent, submit to questioning under oath about a claim or other matter relating to this policy. In such event, the answers must be signed and may be recorded.

    • 7. Proof of Loss and Ownership If required, provide:

      • a. Proof of ownership, such as a bill of sale, receipt, proof of purchase or warranty exchange.

      • b. A signed, sworn proof of loss or damage containing the information we or our Agent request to settle the claim. We may require this statement to be notarized, for which you may incur a nominal fee.

      • c. A copy of government-issued photo identification.

      • d. Other records and documents that may be reasonably requested.

    These records must be provided within 30 days after our request for the documentation.

    • 8. Return of Damaged and/or Malfunctioning Covered Property The Additional Insured is required to return the damaged property including, if coverage is provided under this policy, property that suffered mechanical and electrical breakdown, to the Authorized Service Center or other designated location. If the replacement equipment is sent to you, you will be provided a prepaid shipping label and envelope in which to return the damaged property. Disposal of the dam aged Covered Property other than by returning it to the Authorized Service Center , or other location designated by us, requires the prior consent of us or our Agent. If the damaged Covered Property is not returned as directed within 15 days of the receipt of the replacement equipment, a Non-Return Fee as applicable to the model of Covered Property, not to exceed the Non-Return Fee as shown in the Declarations may be charged to the Additional Insured. Any recovery of lost or stolen property will accrue entirely to our benefit.

    • 9. Take Delivery We may make available to you the approved replacement equipment for pick up at your Vendor. We may also ship the approved replacement equipment through our Authorized Service Center directly to you within the United States for which you must be available to take delivery of the replacement equipment within 30 days of claim authorization. If you are not available at the time you agree to take delivery, you may be required to pay the costs of reshipping your replacement equipment.

    • F. OUR DUTIES IN EVENT OF LOSS

      • 1. When We Repair or Replace If a claim is made, we or our Agent will notify the Insured of our Agent’s assessment of the claim within 10 days after we or our Agent receive all the information requested from the Insured presenting the claim. Repair or replacement of the lost or damaged Covered Property will be done within 30 days after the Insured, or his or her designee has complied with all the terms of this policy, and we have agreed with the Insured about the repair or replacement.

      • 2. Our Options At our option, we or the Authorized Service Center may repair the Covered Property with substitute parts or provide substitute equipment that:

        • a. Is of like kind, quality and functionality;

        • b. Is either new, refurbished or remanufactured, and may contain original or non-original manufacturer parts; and

        • c. May be a different brand, model or color.

  • G. ADDITIONAL CONDITIONS

    • 1. Arbitration Agreement Please read this Arbitration Agreement carefully. It affects your rights. Most of your concerns about this policy can be addressed simply by contacting us at insert toll free number. In the unlikely event we cannot resolve any disputes, including any claims under this policy, that you or we may have, YOU AND WE AGREE TO RESOLVE THOSE DISPUTES THROUGH EITHER BINDING ARBITRATION OR

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    SMALL CLAIMS COURT INSTEAD OF THROUGH COURTS OF GENERAL JURISDICTION. YOU AND WE AGREE THAT ANY ARBITRATION WILL T AKE PLACE ON AN INDIVIDUAL BASIS ONLY. YOU AND WE AGREE TO WAIVE THE RIGHT TO A TRIAL BY JURY AND TO PARTICIPATE IN

    CLASS ARBITRATIONS AND CLASS ACTIONS. Arbitration is more informal than a lawsuit in court. Arbitration uses a neutral arbitrator instead of a judge or jury. It has more limited discovery than in court and is subject to limited review by courts. Arbitrators can award the same damages and relief that a court can award.

    For the purpose of this Arbitration Agreement, references to “we” “us” and “our” includes [Liberty Mutual Insurance Company] [Liberty Insurance Under writers Inc.], our Agent, the First Named Insured and their respective parents, subsidiaries, affiliates, agents, employees, successors and assigns. This policy evidences a transaction in interstate commerce, and thus the Federal Arbitration Act governs the interpretation and enforcement of this Arbitration Agreement. This Arbitration Agreement shall survive the termination of this policy.

    This Arbitration Agreement is intended to be interpreted broadly, and it includes any dispute: (1) arising out of or relating in any way to the policy or to the relationship between You and Us, whether based in contract, tort, statute, fraud, misrepresentation or otherwise; (2) that arose either before this Arbitration Agreement or policy was entered into by you and us or that arises after this Arbitration Agreement or policy is terminated; and (3) that currently is the subject of a purported class action litigation in which you are not a member of a certified class. Notwithstanding the foregoing, this Arbitration Agreement does not preclude you from bringing an individual action in small claims court or from informing any federal, state or local agencies or entities of your dispute. Such agencies or entities may be able to seek relief on your behalf.

    If you or we intend to seek arbitration you and we must first send to the other a written Notice of Claim (“Notice”) by certified mail. Your Notice to us should be addressed to: insert address. The Notice must describe the dispute and state the specific relief sought. If you and we do not resolve the dispute within 30 days of receipt of the Notice, you or we may initiate an arbitration proceeding with the American Arbitration Association (“AAA”). You can obtain the forms necessary to initiate an arbitration proceedi ng by visiting www.adr.org or by calling 1-800-778-7879. After we receive notice that you have commenced arbitration, we will reimburse you for payment of any filing fee to the AAA. If you are unable to pay a required filing fee, we will pay it if you send a written request by certified mail to: insert address. The arbitration shall be administered by the AAA in accordance with the Commercial Arbitration Rules and the Supplementary Procedures for Consumer Related Disputes (the “Arbitration Rules”) in effect at the time the arbitration is initiated and as modified by this Arbitration Agreement. You can obtain a copy of the Arbitration Rules by visiting www.adr.org or by calling 1-800-778-7879.

    The arbitrator appointed by the AAA to decide the dispute is bound by the terms of this Arbitration Agreement. All issues are for the arbitrator to decide, including the scope of this Arbitration Agreement, with the exception that issues relating to the enforceability of this Arbitration Agreement may be decided by a court. Unless you and we agree otherwise, any arbitration hearings will take place in the county or parish of your billing address. If your dispute is for $10,000 or less, you may choose to conduct the arbitration hearings either by submitting documents to the arbitrator or by appearing before the arbitrator in person or by telephone. If your dispute is for more than $10,000, the right to arbitration hearings will be determined by the Arbitration Rules. We will pay all filing, administration and arbitrator fees for any arbitration initiated pursuant to this Arbitration Agreement, unless your dispute is found by the arbitrator to have been frivolous or brought for an improper purpose under Federal Rule of Civil Procedure 11(b). In that case, the payment of such fees shall be governed by the Arbitration Rules.

    At the conclusion of the arbitration hearings, the arbitrator shall issue a written decision which includes an explanation of the facts and law upon which the decision is based. If the arbitrator finds in your favor and issues a damages award that is greater than the value of the last settlement offer made by us or if we made no settlement offer and the arbitrator awards you a ny damages, we will: (1) pay you the amount of the damages award or $7,500, whichever is greater; and (2) pay your attorney, if any, twice the amount of the attorney's fees and the actual amount of any expenses reasonably incurred when pursuing your dispute in arbitration. You and we agree not to disclose any settlement offers to the arbitrator until after the arbitrator has issued the written decision. The arbitrator may resolve any disputes regarding attorney's fees and expenses either during the arbitration hearings or, upon request, within 14 days of the arbitrator's written decision. While the right to the attorney’s fees and expenses discussed above is in

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    addition to any right you may have under applicable law, neither you nor your attorney may reco ver duplicate awards of attorney’s fees and expenses. Although we may have the right under applicable law to recover attorney’s fees and expenses from you if we prevail in the arbitration, we hereby waive the right to do so.

    To the extent either declaratory or injunctive relief is sought in the arbitration, such relief can be awarded only to the extent necessary to provide the relief warranted by a party's individual claim. YOU AND WE AGREE THAT EACH MAY BRING CLAIMS AGAINST THE OTHER ONLY IN AN INDIVIDUAL CAPACITY AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS OR REPRESENTATIVE PROCEEDING. Unless you and we agree otherwise, the arbitrator may not consolidate the dispute of another person with your or our dispute and may not preside over any form of a representative or class proceeding. If this specific provision of this Arbitration Agreement is found to be unenforceable, then the entirety of this Arbitration Agreement shall be null and void.

    • 2. Claim Authorization and Loss Payment We or our Agent has the right to settle the loss with the Insured or his or her designee. No claims will be accepted unless authorized by our Agent. All repairs and replacements must be made by the Authorized Service Center, unless we or our Agent gives the Insured other specific directions. In no event will Insureds be entitled to reimbursement for any out-of-pocket expenses.

    • 3. Cancellation

      • a. How An Additional Insured Cancels An Additional Insured may cancel the coverage provided by notifying the Agent or Fir st Named Insured who will advise the Agent.

      • b. How We Cancel We may cancel this policy or change the terms and conditions only upon providing the First Named Insured and Additional Insured with at least thirty (30) days notice or other longer period as requir ed by law unless we cancel for the following reasons: (1) We may cancel an Additional Insured under this policy upon fifteen (15) days notice or other longer period as required by law for discovery of fraud or material misrepresentation in obtaining coverage or in the presentation of a claim thereunder. (2) We may cancel an Additional Insured under this policy immediately or other longer period as required by law for the following reasons:

    (a) for nonpayment of premium; or

    (b) if the Additional Insured exhausts the Aggregate L imit of liability, if any, under the terms of this policy and we send notice of cancellation to the Additional Insured within thirty (30) calendar days after exhaustion of the limit. However, if notice is not timely sent, enrollment shall continue notwithstanding the Aggregate Limit of liability until we send notice of cancellation to the Additional Insured.

    • c. How First Named Insured Cancels If this policy is cancelled by the First Named Insured, the First Named Insured shall mail or deliver written notice to each Additional Insured advising the Additional Insured of the cancellation of the policy and the effective date of cancellation. The written notice shall be mailed or delivered to the Additional Insured at least thirty (30) days prior to the cancellation.

    • d. How Notice of Cancellation is Provided Notices made pursuant to Section G.3.b. and c. shall be in writing and include the actual reason for cancellation and the effective date of cancellation. The coverage will end on that date. Notices may be mailed or delivered to the First Named Insured at its mailing address. Notices may be mailed or delivered to the affected Additional Insureds’ last known mailing or electronic addresses on file with us. We or the First Named Insured shall maintain proof of mailing in a form authorized or accepted by the United States Postal Service or other commercial mail delivery service. We or the First Named

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    Insured may comply with Section G.3.b. and c. by providing such notice or correspondence to the First Named Insured or its Additional Insureds by electronic means. If accomplished through electronic means, we or the First Named Insured shall maintain proof that the notice or correspondence was sent.

    The First Named Insured Additional Insureds.

    agrees to

    pay or

    act

    as delivery agent for notice of cancellation to all

    • e. Return Premiums, If Any

    If this policy is canceled,

    any refunds

    due

    will

    be

    on

    a

    pro

    rata basis.

    The cancellation will be

    effective even if the refund has not been made or off ered.

    • 4. Eligibility

      • a. To be eligible for coverage you must 1. not have engaged in fraud or abuse with respect to this or a similar communications equipment insurance program; and 2. not be in breach of any material term of this policy, including but not limited to failure to return damaged Covered Property when requested in conjunction with a loss.

      • b. {If Coverage Eligibility “1” is selected in the Declarations, then the following language will appear: If you request enrollment of coverage and your request is approved by us, your coverage is retroactive to the date of your application. The successful completion of a test call to the Covered Property may be required prior to our approval.} {If Coverage Eligibility “2” is selected in the Declarations, then the following language will appear: If your request for enrollment of coverage is submitted on the date of purchase of the Covered Property, and your request is approved by us, your coverage is retroactive to the date of your application. If your request for enrollment of coverage is submitted after the date of purchase of the Covered Property and your request is approved by us, coverage will begin after a waiting period of the number of days shown in the Declarations days following the submission of your request for enrollment, unless we or our Agent notify you prior to completion of the waiting period that your request is not approved. The successful completion of a test call to the Covered Property may be required prior to our approval.} {If Coverage Eligibility “3” is selected in the Declarations, then the following language will appear: If your request for enrollment of coverage is submitted on the date of purchase of the Covered Property, and your request is approved by us, your coverage will begin after a waiting period of the number of days shown in the Declarations days following the submission of your request for enrollment, unless we or our Agent notify you prior to completion of the waiting period that your request is not approved. The successful completion of a test call to the Covered Property may be required prior to our appro val.} {If Coverage Eligibility “4” is selected in the Declarations, then the following language will appear: If you request enrollment and your request is approved by us, your coverage is effective on the date of approval of your application. We or our Agent will notify you once your application has been reviewed. The successful completion of a test call to the Covered Property may be required prior to our approval.}

    Eligibility for enrollment after the date of purchase may be subject to limitations.

    • 5. Changes The First Named Insured, on its own behalf and on behalf of the Additional Insureds, is authorized to make changes in the terms of this policy with our cons ent. This policy's terms can be amended or waived only by endorsement issued by us and made a part of this policy. If notice of such changes is mailed, proof of mailing will be sufficient proof of notice.

    • 6. Concealment, Misrepresentation or Fraud This policy is voidable in any case of fraud, intentional concealment or misrepresentation of a material fact, by either the First Named Insured or any Additional Insured or their designee at any time, concerning:

      • a. This policy;

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    • b. The Covered Property;

    • c. The Insured's interest in the Covered Property; or

    • d. A claim under this policy;

    but only with respect to their coverage.

    • 7. Conformity To Statute We agree that any terms of this policy not in conformity with the statutes of the state in which this policy is issued are amended to conform to those applicable state statutes.

    • 8. Benefit Only Available To Insureds No person or organization, other than an Insured, will benefit from this insurance. We may provide you access to other limited benefits or services related to your Covered Property where available. These may include: property location or recovery services; data management or recovery services; equipment service and maintenance; reduced cost upgrade or purchase benefits or other services provided through your Vendor or other authorized service facilities.

    • 9. Legal Action Against Us No one may bring a legal action against us under this policy unless:

      • a. There has been full compliance with all the terms of this policy;

      • b. The action is brought within 2 years after the Insured has knowledge of the loss or damage;

      • c. The action is brought in compliance with Section G.1.

    • 10. Liberalization If we adopt any revision in this policy which would broaden the Coverage under this policy without additional premium within 60 days prior to or during the policy period, the broadened coverage will immediately apply to this policy.

    • 11. Premiums

      • a. The First Named Insured is responsible for the payment of all premiums.

      • b. Within fifteen days after the end of each month, the First Named Insured: (1) Will report to the Agent the total number of Covered Property units that were covered under this policy as of the last day of that month; and (2) Will remit the monthly premium to us through the Agent based on that report.

    The monthly premium will be calculated by multiplying the Monthly Premium Rate per unit of Covered Property by the total number of such units.

    • c. The First Named Insured may request that Additional Insureds be billed for the Monthly Premium Rate applicable to their Covered Property.

    If the First Named Insured provides monthly billing and collection services for the Agent, all funds collected by the First Named Insured are our property.

    We may examine and audit the First Named Insured’s books and records relating to such premium payments and reporting at any time during the policy period and up to three years afterward.

    • 12. Transfer of Rights and Duties Under This Policy (Assignment) No rights and duties under this policy may be transferred without our written consent.

    • 13. Transfer of Rights of Recovery Against Others To Us (Subrogation) If after we have made good the covered loss or damage, any Insured has rights to recover damages from another, and those rights are transferred to us to the extent of our cost of repair or replacement. The Insured must do everything necessary to secure our rights and must do nothing after loss or damage to impair them.

    In witness whereof, the Insurer has caused this policy to be signed by its President and its Secretary.

    __________________________

    President CLRI 005 (04/2012)

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    Secretary

    Page 9 of 9

    [LOGO]

     

    This Commercial Inland Marine Policy is underwritten by [LIBERTY MUTUAL INSURANCE COMPANY] [LIBERTY INSURANCE UNDERWRITERS INC.]

     

    [insert address] [insert toll free number]

     

    Insurer:

    Vendor:

    Policy Number:

    First Named Insured:

    and Mailing Address:

    Policy Period:

    From:

    To:

    12:01 a.m., standard time at the mailing address shown above.

     

    Agent:

    Insurance Provided:

    Covered Property:

    In return for the payment of the premium, and subject to all the terms of this policy, we agree to provide the insurance as stated in this policy.

    Coverage Territory:

    {Please refer to Section A. COVERAGE, Subsection 4 Coverage Territory}

    • (a)

    • (b)

    Covered Causes of Loss:

    {Please refer to Section A. COVERAGE, Subsection 5. Covered Causes of Loss}

    • Plan 1

    [LOGO] This Commercial Inland Marine Policy is underwritten by [LIBERTY MUTUAL INSURANCE COMPANY] [LIBERTY INSURANCE UNDERWRITERS

    Plan 2

    [LOGO] This Commercial Inland Marine Policy is underwritten by [LIBERTY MUTUAL INSURANCE COMPANY] [LIBERTY INSURANCE UNDERWRITERS

    Plan 3

    [LOGO] This Commercial Inland Marine Policy is underwritten by [LIBERTY MUTUAL INSURANCE COMPANY] [LIBERTY INSURANCE UNDERWRITERS

    Plan 4

    [LOGO] This Commercial Inland Marine Policy is underwritten by [LIBERTY MUTUAL INSURANCE COMPANY] [LIBERTY INSURANCE UNDERWRITERS

    Plan 5

    Limits of Insurance

    {Please refer to Section C. LIMITS OF INSURANCE}

    • Per Claim (Per Occurrence) Limit:

    • Aggregate Limit:

    Deductible:

    {Please refer to Section D. DEDUCTIBLE}

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    Notification of Loss Period:

    {Please refer to Section E. INSURED’S DUTIES IN EVENT OF LOSS TO INSURED’S COVERED PROPERTY, Subsection 3.Notify Agent, Give Description}

    Non-Return Fee:

    {Please refer to Section E. INSURED’S DUTIES IN EVENT OF LOSS TO INSURED’S COVERED PROPERTY, Subsection 8. Return of Damaged and/or Malfunctioning Covered Property}

    Coverage Eligibility:

    {Please refer to Section G. ADDITIONAL CONDITIONS, Subsection 4. Eligibility}

    Monthly Premium Rate:

    {Please refer to Section G. ADDITIONAL CONDITIONS, Subsection 11.Premiums}

    • (1)

    • (2) Waiting period of

    • (3) Waiting period of

    • (4)

    Form Numbers of Coverage Forms, Endorsements and other forms that are a part of this policy:

    Our President and Secretary have signed this policy.

    CLRI 006 (04/2012)

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    Endorsement Number:

    Endorsement Effective Date:

    Modifies Policy Number:

    Issued to First Named Insured:

    [LIBERTY MUTUAL INSURANCE COMPANY] [LIBERTY INSURANCE UNDERWRITERS INC.]

    THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

    ACCOUNT BASED COVERAGE ENDORSEMENT A

    This endorsement modifies insurance provided under the PORTABLE ELECTRONICS COVERAGE INSURANCE POLICY as follows:

    • I. Subparagraph b. Additional Insureds of Paragraph 1. Who Is Covered of Section A. COVERAGE is deleted and replaced by the following:

      • b. Additional Insureds

    The First Named Insured has the right to request Additional Insured status for a customer for his or her interest in the Covered Property which he, she or it owns (references herein to “Insured” refer collectively to “First Named Insured” and “Additional Insured”). Requests for coverage for Additional Insureds are subject to our approval.

    Account Based Coverage provides coverage for Covered Property active on the Additional Insured’s account with the Vendor.

    When an Additional Insured adds a new portable electronic device to their account with the Vendor, it immediately becomes Covered Property.

    When a portable electronic device is removed from the Additional Insured’s account with the Vendor, it immediately ceases to be Covered Property.

    II.

    Section C. LIMITS OF INSURANCE is deleted and replaced by the following:

    • C. LIMITS OF INSURANCE

      • 1. The most we will spend in any one occurrence to repair or replace Covered Property is the applicable Per Claim (Per Occurrence) Limit shown in the Declarations . This Limit of Insurance applies separately to each claim. {The language next to the check box will not appear in the policy if there are a fixed number of losses}

      • 2. The maximum number of losses in any consecutive 12 month time period , including losses incurred during any prior consecutive policy period, for each Additional Insured’s account is limited to the applicable Aggregate Limit as shown in the Declarations .

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    The applicable Aggregate Limit is determined based on the total number of portable electronic devices on

    The applicable Aggregate Limit is determined based on the total number of portable

    electronic devices on an Additional Insured’s account with the Vendor. If during the coverage period, the Additional Insured adds or removes portable electronic devices from their account with the Vendor, the Aggregate Limit will automatically be adjusted. In the event an Additional Insured removes mobile numbers from their account with the Vendor and the number of losses in the prior 12 month time period equals or exceeds the Aggregate Limit applicable to th e new number of portable electronic devices on their account, coverage will cease immediately.

    When this limit is exhausted, we will notify the Additional Insured that coverage has ceased and no future premiums are due.

    III.

    Subparagraph b. (2) of Par agraph 11. Premiums of Section G. ADDITIONAL CONDITIONS is deleted and replaced by the following:

    (2)

    Will remit the monthly premium to us through the Agent based on that report. The monthly premium will be calculated by summing the Monthly Premium Rates for the total number of insured accounts.

    All other terms and conditions of the policy remain in full force and effect.

    CLRI 007 (04/2012)

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    Endorsement Number:

    Endorsement Effective Date:

    Modifies Policy Number:

    Issued to First Named Insured:

    [LIBERTY MUTUAL INSURANCE COMPANY] [LIBERTY INSURANCE UNDERWRITERS INC.]

    THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

    ACCOUNT BASED COVERAGE ENDORSEMENT B

    This endorsement modifies insurance provided under the PORTABLE ELECTRONICS COVERAGE INSURANCE POLICY as follows:

    • I. Subparagraph b. Additional Insureds of Paragraph 1. Who Is Covered of Section A. COVERAGE is deleted and replaced by the following:

      • b. Additional Insureds

    The First Named Insured has the right to request Additional Insured status for a customer for his or her interest in the Covered Property which he, she or it owns (references herein to “Insured” refer collectively to “First Named Insured” and “Additional Insured”). Requests for coverage for Additional Insureds are subject to our approval.

    Account Based Coverage provides coverage for Covered Property active on the Additional Insured’s account with the Vendor.

    When an Additional Insured adds a new portable electronic device to their account with the Vendor, it immediately becomes Covered Property. When a portable electronic device is removed from the Additional Insured’s account with the Vendor, it immediately ceases to be Covered Property.

    II.

    Section C. LIMITS OF INSURANCE is deleted and replaced by the following:

    • C. LIMITS OF INSURANCE

      • 1. The most we will spend in any one occurrence to repair or replace Covered Property is the applicable Per Claim (Per Occurrence) Lim it shown in the Declarations . This Limit of Insurance applies separately to each claim. {The language next to the check box will not appear in the policy if there are a fixed number of losses}

      • 2. The maximum number of losses in any consecutive 12 month time period for each Additional Insured’s account, including losses incurred during any prior consecutive policy period, is limited to the applicable Aggregate Limit as shown in the Declarations .

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    The applicable Aggregate Limit is determined based on the total number of portable electronic devices on

    The applicable Aggregate Limit is determined based on the total number of portable

    electronic devices on an Additional Insured’s account with the Vendor at the time coverage for the Additional insured begins. If during the coverage period, the Additional Insured adds or removes portable electronic devices from their account with the Vendor, the Aggregate Limit will automatically adjust after completion of each covered claim based on the total number of portable electronic devices on their account immediately after completion of the claim . If the number of losses in the prior 12 month time period equals or exceeds the Aggregate Limit applicable after completion of the claim , coverage will cease immediately.

    When this limit is exhausted, we will notify the Additional Insured that coverage has ceased and no future premiums are due.

    III.

    Subparagraph b. (2) of Paragraph 11. Premiums of Section G. ADDITIONAL CONDITIONS is deleted and replaced by the following:

    (2)

    Will remit the monthly premium to us through the Agent based on that report. The monthly premium will be calculated by summing the Monthly Premium Rates for the total number of insured accounts.

    All other terms and conditions of the policy remain in full force and effect.

    CLRI 008 (04/2012)

    © 2012 Asurion Insurance Services, Inc.

    Page 2 of 2

    Endorsement Number:

    Endorsement Effective Date:

    Modifies Policy Number:

    Issued to First Named Insured:

    [LIBERTY MUTUAL INSURANCE COMPANY] [LIBERTY INSURANCE UNDERWRITERS INC.]

    THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

    ACCOUNT BASED COVERAGE ENDORSEMENT C

    This endorsement modifies insurance provided under the PORTABLE ELECTRONICS COVERAGE INSURANCE POLICY as follows:

    • I. Subparagraph b. Additional Insureds of Paragraph 1. Who Is Covered of Section A. COVERAGE is deleted and replaced by the following:

      • b. Additional Insureds

    The First Named Insured has the right to request Additional Insured status for a customer for his or her interest in the Covered Property which he, she or it owns (references herein to “Insured” refer collectively to “First Named Insured” and “Additional Insured”). Requests for coverage for Additional Insureds are subject to our approval.

    Account Based Coverage provides coverage for the enrolled Covered Property active on the Additional Insured’s account with the Vendor. For coverage to exist on any portable electronic device, you must have enrolled the device for Account Based Coverage.

    When an Additional Insured enrolls a new portable electronic device for coverage, coverage is effective immediately on the newly enrolled portable electronic device.

    When a portable electronic device is removed from the Additional Insured’s account with the Vendor, it immediately ceases to be Covered Property.

    II.

    Section C. LIMITS OF INSURANCE is deleted and replaced by the following:

    • C. LIMITS OF INSURANCE

      • 1. The most we will spend in any one occurrence to repair or replace Covered Property is the applicable Per Claim (Per Occurrence) Limit shown in the Declarations . This Limit of Insurance applies separately to each claim. {The language next to the check box will not appear in the policy if there are a fixed number of losses}

      • 2. The maximum number of losses in any consecutive 12 month time period for each Additional Insured’s account, including losses incurred during an y prior consecutive

    CLRI 009 (04/2012)

    © 2012 Asurion Insurance Services, Inc.

    Page 1 of 2

    policy period, is limited to the applicable Aggregate Limit as shown in the Declarations .

    policy period, is limited to the applicable Aggregate Limit as shown in the Declarations . The

    The applicable Aggregate Limit is determined based on the total number of enrolled

    portable electronic devices on an Additional Insured’s account with the Vendor. If during the coverage period, the Additional Insured adds or removes enrolled portable electronic devices from their account with the Vendor, the Aggregate Limit will automatically be adjusted. In the event an Additional Insured removes mobile numbers from their account with the Vendor and the number of losses in the prior 12 month time period equals or exceeds the Aggregate Limit applicable to the new number of enrolled portable electronic devices on their account, coverage will cease immediately.

    When this limit is exhausted, we will notify the Additional Insured that coverage has ceased and no future premiums are due.

    III.

    Subparagraph b. (2) of Paragraph 11. Premiums of Section G. ADDITIONAL CONDITIONS is deleted and replaced by the following:

    (2)

    Will remit the monthly premium to us through the Agent based on that report. The monthly premium will be calculated by summing the Monthly Premium Rates for the total number of insured accounts.

    All other terms and conditions of the policy remain in full force and effect.

    CLRI 009 (04/2012)

    © 2012 Asurion Insurance Services, Inc.

    Page 2 of 2

    Endorsement Number:

    Endorsement Effective Date:

    Modifies Policy Number:

    Issued to First Named Insured:

    [LIBERTY MUTUAL INSURANCE COMPANY] [LIBERTY INSURANCE UNDERWRITERS INC.]

    THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

    ACCOUNT BASED COVERAGE ENDORSEMENT D

    This endorsement modifies insurance provided under the PORTABLE ELECTRONICS COVERAGE INSURANCE POLICY as follows:

    • I. Subparagraph b. Additional Insureds of Paragraph 1. Who Is Covered of Section A. COVERAGE is deleted and replaced by the following:

      • b. Additional Insureds

    The First Named Insured has the right to request Additional Insured status for a customer for his or her interest in the Covered Property which he, she or it owns (references herein to “Insured” refer collectively to “First Named Insured” and “Additional Insured”). Requests for coverage for Additional Insureds are subject to our approval.

    Account Based Coverage provides coverage for the enrolled Covered Property on the Additional Insured’s account with the Vendor. For coverage to exist on any portable electronic device, you must have enrolled the device for Account Based Coverage.

    When an Additional Insured enrolls a new portable electronic device for coverage, coverage is effective immediately on the newly enrolled portable electronic device.

    When a portable electronic device is removed from the Additional Insured’s account with the Vendor, it immediately ceases to be Covered Property.

    II.

    Section C. LIMITS OF INSURANCE is deleted and replaced by the following:

    • C. LIMITS OF INSURANCE

      • 1. The most we will spend in any one occurrence to repair or replace Covered Property is the applicable Per Claim (Per Occurrence) Limit shown in the Declarations . This Limit of Insurance applies separately to each claim. {The language next to the check box will not appear in the policy if there are a fixed number of losses}

      • 2. The maximum number of losses in any consecutive 12 month time period , including losses incurred during any prior consecutive policy period, for each Additional

    CLRI 010 (04/2012)

    © 2012 Asurion Insurance Services, Inc.

    Page 1 of 2

    Insured’s account is limited to the applicable Aggregate Limit as shown in the Declarations .

    Insured’s account is limited to the applicable Aggregate Limit as shown in the Declarations . The

    The applicable Aggregate Limit is determined based on the total number of enrolled

    portable electronic devices on an Additional Insur ed’s account with the Vendor at the time coverage for the Additional insured begins. If during the coverage period, the Additional Insured adds or removes enrolled portable electronic devices from their account with the Vendor, the Aggregate Limit will automatically adjust after completion of each covered claim based on the total number of enrolled portable electronic devices on their account immediately after completion of the claim . If the number of losses in the prior 12 month time period equals or exceeds the Aggregate Limit applicable after completion of the claim , coverage will cease immediately.

    When this limit is exhausted, we will notify the Additional Insured that coverage has ceased and no future premiums are due.

    III.

    Subparagraph b. (2) of Paragraph 11. Premiums of Section G. ADDITIONAL CONDITIONS is deleted and replaced by the following:

    (2)

    Will remit the monthly premium to us through the Agent based on that report. The monthly premium will be calculated by summing the Monthly Premium Rates for the total number of insured accounts.

    All other terms and conditions of the policy remain in full force and effect.

    CLRI 010 (04/2012)

    © 2012 Asurion Insurance Services, Inc.

    Page 2 of 2

    Endorsement Number:

    Endorsement Effective Date:

    Modifies Policy Number:

    Issued to First Named Insured:

    [LIBERTY MUTUAL INSURANCE COMPANY] [LIBERTY INSURANCE UNDERWRITERS INC.]

    THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

    DEVICE AND ACCOUNT BASED COVERAGE ENDORSEMENT A

    This endorsement modifies insurance provided under the PORTABLE ELECTRONICS COVERAGE INSURANCE POLICY as follows:

    • I. Subparagraph b. Additional Insureds of Paragraph 1. Who Is Covered of Section A. COVERAGE is deleted and replaced by the following:

      • b. Additional Insureds

    The First Named Insured has the right to request Additional Insured status for a customer for his or her interest in the Covered Property which he, she or it owns (references herein to “Insured” refer collectively to “First Named Insured” and “ Additional Insured”). Requests for coverage for Additional Insureds are subject to our approval.

    (1) Device Based Coverage provides coverage for Covered Property associated with a specific enrolled portable electronic device active on the Additional Insured’s account with the Vendor.

    (2) Account Based Coverage provides coverage for Covered Property active on the Additional Insured’s account with the Vendor.

    When an Additional Insured adds a new portable electronic device to their account with the Vendor, if the Additional Insured has previously chosen Account Based Coverage, the new portable electronic device immediately becomes Covered Property.

    When a portable electronic device is removed from the Additiona l Insured’s account with the Vendor, it immediately ceases to be Covered Property.

    II.

    Section C. LIMITS OF INSURANCE is deleted and replaced by the following:

    • C. LIMITS OF INSURANCE

      • 1. The most we will spend in any one occurrence to repair or replace Covered Property is the applicable Per Claim (Per Occurrence) Limit shown in the Declarations. This Limit of Insurance applies separately to each claim.

    CLRI 011 (04/2012)

    © 2012 Asurion Insurance Services, Inc.

    Page 1 of 2

    2.

    When Device Based Coverage is chosen by the Additional Insured, each Additional Insured is limited to the maximum number of losses as shown in the Aggregate Limit section in the Declarations in any consecutive 12 month time period, including losses incurred during any prior consecutive policy period. When this limit is exhausted, coverage will cease immediately and we will notify the Additional Insured that coverage has ceased and no future premiums are due.

    {The language next to the check box will not appear in the policy if there are a fixed number of losses}

    • 3. When Account Based Coverage is chosen by the Additional Insured, The maximum number of losses in any consecutive 12 month time period for each Additional Insured’s account, including losses incurred during any prior consecutive policy period, is limited to the applicable Aggregate Limit as shown in the Declarations .

    2. When Device Based Coverage is chosen by the Additional Insured, each Additional Insured is limited

    The applicable Aggregate Limit is determined based on the total number of portable

    electronic devices on an Additional Insured’s account with the Vendor. If during the coverage period, the Additional Insured adds or removes portable electronic devices from their account with the Vendor, the Aggregate Limit will automatically be adjusted. In the event an Additional Insured removes portable electronic devices from their account with the Vendor and the number of losses in the prior 12 month time period equals or exceeds the Aggregate Limit applicable to the new number of portable electronic devices on their account, coverage will cease immediately.

    When this limit is exhausted, we will notify the Additional Insured t hat coverage has ceased and no future premiums are due.

    III.

    Subparagraph b. (2) of Paragraph 11. Premiums of Section G. ADDITIONAL CONDITIONS is deleted and replaced by the following:

    (2)

    Will remit the monthly premium to us through the Agent based on that report.

    For Device Based Coverage, the monthly premium will be calculated by multiplying the Monthly Premium Rate per unit of Covered Property by the total number of such units.

    For Account Based Coverage, t he monthly premium will be calculated by s umming the Monthly Premium Rates for the total number of insured accounts.

    All other terms and conditions of the policy remain in full force and effect.

    CLRI 011 (04/2012)

    © 2012 Asurion Insurance Services, Inc.

    Page 2 of 2

    Endorsement Number:

    Endorsement Effective Date:

    Modifies Policy Number:

    Issued to First Named Insured:

    [LIBERTY MUTUAL INSURANCE COMPANY] [LIBERTY INSURANCE UNDERWRITERS INC.]

    THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

    DEVICE AND ACCOUNT BASED COVERAGE ENDORSEMENT B

    This endorsement modifies insurance provided under the PORTABLE ELECTRONICS COVERAGE INSURANCE POLICY as follows:

    • I. Subparagraph b. Additional Insureds of Paragraph 1. Who Is Covered of Section A. COVERAGE is deleted and replaced by the following:

      • b. Additional Insureds

    The First Named Insured has the right to request Additional Insured status for a customer for his or her interest in the Covered Property which he, she or it owns (references herein to “Insured” refer collectively to “First Named Insured” and “ Additional Insured”). Requests for coverage for Additional Insureds are subject to our approval.

    (1) Device Based Coverage provides coverage for Covered Property associated with a specific enrolled portable electronic device active on the Additional Insured’s account with the Vendor.

    (2) Account Based Coverage provides coverage for Covered Property active on the Additional Insured’s account with the Vendor.

    When an Additional Insured adds a new portable electronic device to their account with the Vendor, if the Additional Insured has previously chosen Account Based Coverage, the new portable electronic device immediately becomes Covered Property.

    When a portable electronic device is removed from the Additional Insured’s account with the Vendor, it immediately ceases to be Covered Property.

    II.

    Section C. LIMITS OF INSURANCE is deleted and replaced by the following:

    • C. LIMITS OF INSURANCE

    CLRI 012 (04/2012)

    © 2012 Asurion Insurance Services, Inc.

    Page 1 of 2

    1.

    The most we will spend in any one occurrence to repair or replace Covered Property is the applicable Per Claim (Per Occurrence) Limit shown in the Declarations . This Limit of Insurance applies separately to each claim.

    • 2. When Device Based Coverage is chosen by the Additional Insured, e ach Additional Insured is limited to the maximum number of losses as shown in the Aggregate Limit section in the Declarations in any consecutive 12 month time period, including losses incurred during any prior consecutive policy period. When this limit is exhausted, coverage will cease immediately and we will notify the Additional Insured that coverage has ceased and no future premiums are due.

    {The language next to the check box will not appear in the policy if there are a fixed number of loses}

    • 3. When Account Based Coverage is chosen by the Additional Insured, The maximum number of losses in any consecutive 12 month time period for each Additional Insured’s account, including losses incurred during any prior consecutive policy period, is limited to the applicable Aggregate Limit as shown in the Declarations .

    1. The most we will spend in any one occurrence to repair or replace Covered Property

    The applicable Aggregate Limit is determined based on the total number of portable

    electronic devices on an Additional Insured’s account with the Vendor at the time coverage for the Additional insured begins. If during the coverage period, the Additional Insured adds or removes portable electronic devices from their account with the Vendor, the Aggregate Limit will automatically adjust after completion of each covered claim based on the total number of portable electronic devices on their account immediately after completion of the claim . If the number of losses in the prior 12 month time period equals or exceeds the Aggregate Limit applicable after completion of the claim , coverage will cease immediately.

    When this limit is exhausted, we will notify the Addit ional Insured that coverage has ceased and no future premiums are due.

    III.

    Subparagraph b. (2) of Paragraph 11. Premiums of Section G. ADDITIONAL CONDITIONS is deleted and replaced by the following:

    (2)

    Will remit the monthly premium to us through the Agent based on that report.

    For Device Based Coverage, the monthly premium will be calculated by multiplying the Monthly Premium Rate per unit of Covered Property by the total number of such units.

    For Account Based Coverage, the monthly premium will be calculated by summing the Monthly Premium Rates for the total number of insured accounts.

    All other terms and conditions of the policy remain in full force and effect.

    CLRI 012 (04/2012)

    © 2012 Asurion Insurance Services, Inc.

    Page 2 of 2

    Endorsement Number:

    Endorsement Effective Date:

    Modifies Policy Number:

    Issued to First Named Insured:

    [LIBERTY MUTUAL INSURANCE COMPANY] [LIBERTY INSURANCE UNDERWRITERS INC.]

    THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

    DEVICE AND ACCOUNT BASED COVERAGE ENDORSEMENT C

    This endorsement modifies insurance provided under the PORTABLE ELECTRONICS COVERAGE INSURANCE POLICY as follows:

    • I. Subparagraph b. Additional Insureds of Paragraph 1. Who Is Covered of Section A. COVERAGE is deleted and replaced by the following:

      • b. Additional Insureds

    The First Named Insured has the right to request Additional Insured status for a customer for his or her interest in the Covered Property which he, she or it owns (references herein to “Insured” refer collectively to “First Named Insured” and “Additional Insured”). Requests for coverage for Additional Insureds are subject to our approval.

    (1) Device Based Coverage provides coverage for Covered Property associated with a specific enrolled portable electronic device active on the Additional Insured’s account with the Vendor.

    (2) Account Based Coverage provides coverage for the enrolled Covered Property active on the Additional Insured’s account with the Vendor. For coverage to exist on any portable electronic device, you must have enrolled the device for Account Based Coverage.

    When an Additional Insured enrolls a new portable electronic device for coverage, coverage is effective immediately on the newly enrolled portable electronic device.

    When a portable electronic device is removed from the Additional Insured’s account with the Vendor, it immediately ceases to be Covered Property.

    II.

    Section C. LIMITS OF INSURANCE is deleted and replaced by the following:

    • C. LIMITS OF INSURANCE

      • 1. The most we will spend in any one occurrence to repair or replace Covered Property is the applicable Per Claim (Per Occurrence) Limit shown in the Declarations . This Limit of Insurance applies separately to each claim.

    CLRI 013 (04/2012)

    © 2012 Asurion Insurance Services, Inc.

    Page 1 of 2

    • 2. When Device Based Coverage is chosen by the Additional Insured, each Additional Insured is limited to the maximum number of losses as shown in the Aggregate Limit section in the Declarations in any consecutive 12 month time period, including losses incurred during any prior consecutive pol icy period,. When this limit is exhausted, coverage will cease immediately and we will notify the Additional Insured that coverage has ceased and no future premiums are due.

    {The language next to the check box will not appear in the policy if there are a fixed number of losses}

    • 3. When Account Based Coverage is chosen by the Additional Insured, The maximum number of losses in any consecutive 12 month time period, including losses incurred during any prior consecutive policy period, for each Additional Insured’s account is limited to the applicable Aggregate Limit as shown in the Declarations .

    2. When Device Based Coverage is chosen by the Additional Insured, each Additional Insured is limited

    The applicable Aggregate Limit is determined based on the total number of enrolled

    portable electronic devices on an Additional Insured’s account with the Vendor. If during the coverage period, the Additional Insured adds or removes enrolled portable electronic devices from their account with the Vendor, the Aggregate Limit will automatically be adjusted. In the event an Additional Insured removes portable electronic devices from their account with the Vendor and the number of losses in the prior 12 month time period equals or exceeds the Aggregate Limit applicable to the new number of enrolled portable electronic devices on their account, coverage will cease immediately.

    When this limit is exhausted, we will notify the Additional Insured that coverage has ceased and no future premiums are due.

    III.

    Subparagraph b. (2) of Paragraph 11. Premiums of Section G. ADDITIONAL CONDITIONS is deleted and replaced by the following:

    (2)

    Will remit the monthly premium to us through the Agent based on that report.

    For Device Based Coverage, the monthly premium will be calculated by multiplying the Monthly Premium Rate per unit of Covered Property by the total number of such units.

    For Account Based Coverage, t he monthly premium will be calculated by summing the Monthly Premium Rates for the total number of insured accounts.

    All other terms and conditions of the policy remain in full force and effect.

    CLRI 013 (04/2012)

    © 2012 Asurion Insurance Services, Inc.

    Page 2 of 2

    Endorsement Number:

    Endorsement Effective Date:

    Modifies Policy Number:

    Issued to First Named Insured:

    [LIBERTY MUTUAL INSURANCE COMPANY] [LIBERTY INSURANCE UNDERWRITERS INC.]

    THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

    DEVICE AND ACCOUNT BASED COVERAGE ENDORSEMENT D

    This endorsement modifies insurance provided under the PORTABLE ELECTRONICS COVERAGE INSURANCE POLICY as follows:

    • I. Subparagraph b. Additional Insureds of Paragraph 1. Who Is Covered of Section A. COVERAGE is deleted and replaced by the following:

      • b. Additional Insureds

    The First Named Insured has the right to request Additional Insured status for a customer for his or her interest in the Covered Property which he, she or it owns (references herein to “Insured” refer collectively to “First Named Insured” and “Additional Insured”). Requests for coverage for Additional Insureds are subject to our approval.

    (1) Device Based Coverage provides coverage for Covered Property associated with a specific enrolled portable electronic device active on the Additional Insured’s account with the Vendor.

    (2) Account Based Coverage provides coverage for the enrolled Covered Property active on the Additional Insured’s account with the Vendor. For coverage to exist on any portable electronic device, you must have enrolled the device for Account Based Coverage.

    When an Additional Insured enrolls a new portable electronic device for coverage, coverage is effective immediately on the newly enrolled portable electronic device.

    When a portable electronic device is removed from the Additional Insured’s account with the Vendor, it immediately ceases to be Covered Property.

    II.

    Section C. LIMITS OF INSURANCE is deleted and replaced by the following:

    • C. LIMITS OF INSURANCE

      • 1. The most we will spend in any one occurrence to repair or replace Covered Property is the applicable Per Claim (Per Occurrence) Limit shown in the Declarations . This Limit of Insurance applies separately to each claim.

    CLRI 014 (04/2012)

    © 2012 Asurion Insurance Services, Inc.

    Page 1 of 2

    • 2. When Device Based Coverage is chosen by the Additional Insured, each Additional Insured is limited to the maximum number of losses as shown in the Aggregate Limit section in the Declarations in any consecutive 12 month time period, including losses incurred during any prior consecuti ve policy period,. When this limit is exhausted, coverage will cease immediately and we will notify the Additional Insured that coverage has ceased and no future premiums are due. {The language next to the check box will not appear in the policy if there are a fixed number of losses}

    • 3. When Account Based Coverage is chosen by the Additional Insured,

    The maximum number of losses in any consecutive 12 month time period for each Additional Insured’s account, including losses incurred during any prior co nsecutive policy period, is limited to the applicable Aggregate Limit as shown in the Declarations .

    2. When Device Based Coverage is chosen by the Additional Insured, each Additional Insured is limited

    The applicable Aggregate Limit is determined based on the total number of enrolled

    portable electronic devices on an Additional Insured’s account with the Vendor at the time coverage for the Additional insured begins. If during the coverage period, the Additional Insured adds or removes enrolled portable electronic devices from their account with the Vendor, the Aggregate Limit will automatically adjust after completion of each covered claim based on the total number of enrolled portable electronic devices on their account immediately after completion of the claim . If the number of losses in the prior 12 month time period equals or exceeds the Aggregate Limit applicable after completion of the claim , coverage will cease immediately.

    When this limit is exhausted, we will notify the Additional Insured that coverage has ceased and no future premiums are due.

    III.

    Subparagraph b. (2) of Paragraph 11. Premiums of Section G. ADDITIONAL CONDITIONS is deleted and replaced by the following:

    (2)

    Will remit the monthly premium to us through the Agent based on that report.

    For Device Based Coverage, the monthly premium will be calculated by multiplying the Monthly Premium Rate per unit of Covered Property by the total number of such units.

    For Account Based Coverage, t he monthly premium will be calculated by summing the Monthly Premium Rates for the total number of insured accounts.

    All other terms and conditions of the policy remain in full force and effect.

    CLRI 014 (04/2012)

    © 2012 Asurion Insurance Services, Inc.

    Page 2 of 2

    Endorsement Number:

    Endorsement Effective Date:

    Modifies Policy Number:

    Issued to First Named Insured:

    [LIBERTY MUTUAL INSURANCE COMPANY] [LIBERTY INSURANCE UNDERWRITERS INC.]

    THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

    ELECTRICAL AND MECHANICAL BREAKDOWN COVERAGE ENDORSEMENT

    This endorsement modifies insurance provided under the PORTABLE ELECTRONICS COVERAGE INSURANCE POLICY as follows:

    • I. Paragraph 5. Electrical and Mechanical Breakdown of Section B. EXCLUSIONS is deleted and not replaced.

    All other terms and conditions of the policy remain in full force and effect.

    CLRI 015 (04/2012)

    © 2012 Asurion Insurance Services, Inc.

    Page 1 of 1

    Endorsement Number:

    Endorsement Effective Date:

    Modifies Policy Number:

    Issued to First Named Insured:

    [LIBERTY MUTUAL INSURANCE COMPANY] [LIBERTY INSURANCE UNDERWRITERS INC.]

    THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

    ACCOUNT BASED COVERAGE ENDORSEMENT E

    This endorsement modifies insurance provided under the PORTABLE ELECTRONICS COVERAGE INSURANCE POLICY as follows:

    • I. Subparagraph b. Additional Insureds of Paragraph 1. Who Is Covered of Section A. COVERAGE is deleted and replaced b y the following:

      • b. Additional Insureds

    The First Named Insured has the right to request Additional Insured status for a customer for his or her interest in the Covered Property which he, she or it owns (references herein to “Insured” refer collectively to “First Named Insured” and “Additional Insured”). Requests for coverage for Additional Insureds are subject to our approval.

    Account Based Coverage provides coverage for Covered Property active on the Additional Insured’s account with the Vendor.

    When an Additional Insured adds a new portable electronic device to their account with the Vendor, it immediately becomes Covered Property.

    When a portable electronic device is removed from the Additional Insured’s account with the Vendor, it immediately ceases to be Covered Property.

    II.

    Section C. LIMITS OF INSURANCE is deleted and replaced by the following:

    • C. LIMITS OF INSURANCE The most we will spend in any one occurrence to repair or replace Covered Property is the applicable Per Claim (Per Occurrence) Limit shown in the Declarations . This Limit of Insurance applies separately to each claim. Coverage for Covered Property is limited to the maximum number of losses as shown in the Aggregate Limit section in the Declarations in any consecutive 12 month time period, including losses incurred during any prior consecutive policy period. When the limit is exhausted, coverage will cease immediately for Covered Property and we will notify the Additional Insured.

    CLRI 016 (04/2012)

    © 2012 Asurion Insurance Services, Inc.

    Page 1 of 2

    III.

    Subparagraph b. (2) of Paragraph 11. Premiums of Section G. ADDITIONAL CONDITIONS is deleted and replaced by the following:

    (2)

    Will remit the monthly premium to us through the Agent based on that report. The monthly premium will be calculated by summing the Monthly Premium Rates for the total number of insured accounts.

    All other terms and conditions of the policy remain in full force and effect.

    CLRI 016 (04/2012)

    © 2012 Asurion Insurance Services, Inc.

    Page 2 of 2

    Endorsement Number:

    Endorsement Effective Date:

    Modifies Policy Number:

    Issued to First Named Insured:

    [LIBERTY MUTUAL INSURANCE COMPANY] [LIBERTY INSURANCE UNDERWRITERS INC.]

    THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

    ACCOUNT BASED COVERAGE ENDORSEMENT F

    This endorsement modifies insurance provided under the PORTABLE ELECTRONICS COVERAGE INSURANCE POLICY as follows:

    • I. Subparagraph b. Additional Insureds of Paragraph 1. Who Is Covered of Section A. COVERAGE is deleted and replaced b y the following:

      • b. Additional Insureds

    The First Named Insured has the right to request Additional Insured status for a customer for his or her interest in the Covered Property which he, she or it owns (references herein to “Insured” refer collectively to “First Named Insured” and “Additional Insured”). Requests for coverage for Additional Insureds are subject to our approval.

    Account Based Coverage provides coverage for the enrolled Covered Property active on the Additional Insured’s account with the Vendor. For coverage to exist on any portable electronic device, you must have enrolled the device for Account Based Coverage.

    When an Additional Insured enrolls a new portable electronic device for coverage, coverage is effective immediately on the newly enrolled portable electronic device .

    When a portable electronic device is removed from the Additional Insured’s account with the Vendor, it immediately ceases to be Covered Property.

    II.

    Section C. LIMITS OF INSURANCE is deleted and replaced by the following:

    • C. LIMITS OF INSURANCE The most we will spend in any one occurrence to repair or replace Covered Property is the applicable Per Claim (Per Occurrence) Limit shown in the Declarations . This Limit of Insurance applies separately to each claim. Coverage for Covered Property is limited to the maximum number of losses as shown in the Aggregate Limit section in the Declarations in any consecutive 12 month time period, including losses incurred during any prior consecutive policy period. When the limit is exhausted, coverage will cease immediately for Covered Property and we will notify the Additional Insured.

    CLRI 017 (04/2012)

    © 2012 Asurion Insurance Services, Inc.

    Page 1 of 2

    III.

    Subparagraph b. (2) of Paragraph 11. Premiums of Section G. ADDITIONAL CONDITIONS is deleted and replaced by the following:

    (2)

    Will remit the monthly premium to us through the Agent based on that report.

    The monthly premium will be calculated by summing the Monthly Premium Rates for the total number of insured accounts.

    All other terms and conditions of the policy remain in full force and effect.

    CLRI 017 (04/2012)

    © 2012 Asurion Insurance Services, Inc.

    Page 2 of 2

    Endorsement Number:

    Endorsement Effective Date:

    Modifies Policy Number:

    Issued to First Named Insured:

    [LIBERTY MUTUAL INSURANCE COMPANY] [LIBERTY INSURANCE UNDERWRITERS INC.]

    THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

    DEVICE AND ACCOUNT BASED COVERAGE ENDORSEMENT E

    This endorsement modifies insurance provided under the PORTABLE ELECTRONICS COVERAGE INSURANCE POLICY as follows:

    • I. Subparagraph b. Additional Insureds of Paragraph 1. Who Is Covered of Section A. COVERAGE is deleted and replaced by the following:

      • b. Additional Insureds

    The First Named Insured has the right to request Additional Insured status for a customer for his or her interest in the Covered Property which he, she or it owns (references herein to “Insured” refer collectively to “First Named Insured” and “ Additional Insured”). Requests for coverage for Additional Insureds are subject to our approval.

    (1) Device Based Coverage provides coverage for Covered Property associated with a specific enrolled portable electronic device active on the Additional Insured’s account with the Vendor.

    (2) Account Based Coverage provides coverage for Covered Property active on the Additional Insured’s account with the Vendor.

    When an Additional Insured adds a new portable electronic device to their account with the Vendor, if the Additional Insured has previously chosen Account Based Coverage, the new portable electronic device immediately becomes Covered Property.

    When a portable electronic device is removed from the Additiona l Insured’s account with the Vendor, it immediately ceases to be Covered Property.

    II.

    Section C. LIMITS OF INSURANCE is deleted and replaced by the following:

    • C. LIMITS OF INSURANCE

    CLRI 018 (04/2012)

    © 2012 Asurion Insurance Services, Inc.

    Page 1 of 2

    1.

    The most we will spend in any one occurrence to repair or replace Covered Property is the applicable Per Claim (Per Occurrence) Limit shown in the Declarations . This Limit of Insurance applies separately to each claim.

    • 2. When Device Based Coverage is chosen by the Additional Insured, each Additional Insured is limited to the maximum number of losses as shown in the Aggregate Limit section in the Declarations in any consecutive 12 month time period, including losses incurred during any prior consecutive policy period. When this limit is exhausted, coverage will cease immediately and we will notify the Additional Insured that coverage has ceased and no future premiums are due.

    • 3. When Account Based Coverage is chosen by the Additional Insured, c overage for Covered Property is limited to the maximum number of losses as shown in the Aggregate Limit section in the Declarations in any consecutive 12 month time period, including losses incurred during any prior consecutive policy period. When the limit is exhausted, coverage will cease immediately for Covered Property and we will notify the Additional Insured.

    III.

    Subparagraph b. (2) of Paragraph 11. Premiums of Section G. ADDITIONAL CONDITIONS is deleted and replaced by the following:

    (2)

    Will remit the monthly premium to us through the Agent based on that report.

    For Device Based Coverage, the monthly premium will be calculated by multiplying the Monthly Premium Rate per unit of Covered Property by the total number of such units.

    For Account Based Coverage, the monthly premium will be calculated by summing the Monthly Premium Rates for the total number of insured accounts.

    All other terms and conditions of the policy remain in full force and effect.

    CLRI 018 (04/2012)

    © 2012 Asurion Insurance Services, Inc.

    Page 2 of 2

    Endorsement Number:

    Endorsement Effective Date:

    Modifies Policy Number:

    Issued to First Named Insured:

    [LIBERTY MUTUAL INSURANCE COMPANY] [LIBERTY INSURANCE UNDERWRITERS INC.]

    THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

    DEVICE AND ACCOUNT BASED COVERAGE ENDORSEMENT F

    This endorsement modifies insurance provided under the PORTABLE ELECTRONICS COVERAGE INSURANCE POLICY as follows:

    • I. Subparagraph b. Additional Insureds of Paragraph 1. Who Is Covered of Section A. COVERAGE is deleted and replaced by the following:

      • b. Additional Insureds

    The First Named Insured has the right to request Additional Insured status for a customer for his or her interest in the Covered Property which he, she or it owns (references herein to “Insured” refer collectively to “First Named Insured” and “Additional Insured”). Requests for coverage for Additional Insureds are subject to our approval.

    (1) Device Based Coverage provides coverage for Covered Property associated with a specific enrolled portable electronic device active on the Additional Insured’s account with the Vendor.

    (2) Account Based Coverage provides coverage for the enrolled Covered Property active on the Additional Insured’s account with the Vendor. For coverage to exist on any portable electronic device, you must have enrolled the device for Account Based Coverage.

    When an Additional Insured enrolls a new portable electronic device for coverage, coverage is effective immediately on the newly enrolled portable electronic device.

    When a portable electronic device is removed from the Additional Insured’s account with the Vendor, it immediately ceases to be Covered Property.

    II.

    Section C. LIMITS OF INSURANCE is deleted and replaced by the following:

    • C. LIMITS OF INSURANCE

      • 1. The most we will spend in any one occurrence to repair or replace Covered Property is the applicable Per Claim (Per Occurrence) Limit shown in the Declarations . This Limit of Insurance applies separately to each claim.

    CLRI 019 (04/2012)

    © 2012 Asurion Insurance Services, Inc.

    Page 1 of 2

    2.

    When Device Based Coverage is chosen by the Additional Insured, each Additional Insured is limited to the maximum number of losses as shown in the Aggregate Limit section in the Declarations in any consecutive 12 month time period, including losses incurred during any prior consecutive policy period. W hen this limit is exhausted, coverage will cease immediately and we will notify the Additional Insured that coverage has ceased and no future premiums are due.

    • 3. When Account Based Coverage is chosen by the Additional Insured, c overage for Covered Property is limited to the maximum number of losses as shown in the Aggregate Limit section in the Declarations in any consecutive 12 month time period, including losses incurred during any prior consecutive policy period. When the limit is exhausted, coverage will cease immediately for Covered Property and we will notify the Additional Insured.

    III.

    Subparagraph b. (2) of Paragraph 11. Premiums of Section G. ADDITIONAL CONDITIONS is deleted and replaced by the following:

    (2)

    Will remit the monthly premium to us through the Agent based on that report.

    For Device Based Coverage, the monthly premium will be calculated by multiplying the Monthly Premium Rate per unit of Covered Property by the total number of such units.

    For Account Based Coverage, t he monthly premium will be calculated by summing the Monthly Premium Rates for the total number of insured accounts.

    All other terms and conditions of the policy remain in full force and effect.

    CLRI 019 (04/2012)

    © 2012 Asurion Insurance Services, Inc.

    Page 2 of 2

    Endorsement Number:

    Endorsement Effective Date:

    Modifies Policy Number:

    Issued to First Named Insured:

    [LIBERTY MUTUAL INSURANCE COMPANY] [LIBERTY INSURANCE UNDERWRITERS INC.]

    THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

    DECLINING DEDUCTIBLE ENDORSEMENT

    This endorsement modifies insurance provided under the PORTABLE ELECTRONICS COVERAGE INSURANCE POLICY as follows:

    • I. Section D. DEDUCTIBLE is deleted in its entirety and replaced with the following : The standard non-refundable deductible, as stated in the Deductible Schedule, is payable at the time a loss is approved by the Agent. However:

      • If you have continuously maintained coverage for at least [insert time frame] but not more

    than [insert time frame] prior to the current loss without incurring another covered loss during that time period, the Good Additional Insured deductible applies as stated in the Deductible Schedule.

    • If you have continuously maintained coverage for at least [ insert time frame] prior to the

    current loss without incurring another covered loss less than [insert time frame] prior to the current loss, the Loss Free Additional Insured deductible applies as stated in the Deductible Schedule.

    If you cease to maintain coverage under this policy or have a covered loss at any time for which we provide a replacement [or repair], the standard deductible is reinstated. Thereafter, the deductible may again be reduced if the conditions set forth above are satisfied.

    The applicable deductibles are as set forth in the Deductible Schedule as shown in the Declarations.

    The deductible will apply to each filed and approved loss, and does not reduce the Limit of Insurance. Only an Insured may pay the deductible.

    All other terms and conditions of the policy remain in full force and effect.

    CLRI 020 (04/2012)

    © 2012 Asurion Insurance Services, Inc.

    Page 1 of 1

    Endorsement Number:

    Endorsement Effective Date:

    Modifies Policy Number:

    Issued to First Named Insured:

    [LIBERTY MUTUAL INSURANCE COMPANY] [LIBERTY INSURANCE UNDERWRITERS INC.]

    THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

    DEDUCTIBLE BY PERIL ENDORSEMENT

    This endorsement modifies insurance provided under the PORTABLE ELECTRONICS COVERAGE INSURANCE POLICY as follows:

    • I. Section D. DEDUCTIBLE is deleted and replaced by the following: As indicated in the Deductible Schedule, a deductible applies to each loss resulting from [insert applicable Causes of Loss] of the Covered Property and a separate deductible applies to loss from all other Causes of Loss. The deductible is non-refundable and is payable at the time a loss is approved by the Agent. The deductible will apply to each filed and approved loss, and does not reduce the Limit of Insurance. Only an Insured may pay the deductible. As set forth in the Deductible Schedule as shown in the Declarations

    All other terms and conditions of the policy remain in full force and effect.

    CLRI 021 (04/2012)

    © 2012 Asurion Insurance Services, Inc.

    Page 1 of 1

    Endorsement Number:

    Endorsement Effective Date:

    Modifies Policy Number:

    Issued to First Named Insured:

    [LIBERTY MUTUAL INSURANCE COMPANY] [LIBERTY INSURANCE UNDERWRITERS INC.]

    THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

    VIRUS COVERAGE ENDORSEMENT

    This endorsement modifies insurance provided under the PORTABLE ELECTRONICS COVERAGE INSURANCE POLICY as follows:

    • I. Paragraph 13. Virus of Section B. EXCLUSIONS is deleted and not replaced.

    All other terms and conditions of the policy remain in full force and effect.

    CLRI 022 (04/2012)

    © 2012 Asurion Insurance Services, Inc.

    Page 1 of 1

    Endorsement Number:

    Endorsement Effective Date:

    Modifies Policy Number:

    Issued to First Named Insured:

    [LIBERTY MUTUAL INSURANCE COMPANY] [LIBERTY INSURANCE UNDERWRITERS INC.]

    THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

    BATTERY COVERAGE ENDORSEMENT

    This endorsement modifies insurance provided under the PORTABLE ELECTRONICS COVERAGE INSURANCE POLICY as follows:

    • I. Subparagraph j. of Paragraph 6. Property Not Covered of Section A. COVERAGE is deleted and not replaced.

    All other terms and conditions of the policy remain in full force and effect.

    CLRI 023 (04/2012)

    © 2012 Asurion Insurance Services, Inc.

    Page 1 of 1

    Endorsement Number:

    Endorsement Effective Date:

    Modifies Policy Number:

    Issued to First Named Insured:

    [LIBERTY MUTUAL INSURANCE COMPANY] [LIBERTY INSURANCE UNDERWRITERS INC.]

    THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

    STANDARD SOFTW ARE SCHEDULE ENDORSEMENT

    This endorsement modifies insurance provided under the PORTABLE ELECTRONICS COVERAGE INSURANCE POLICY as follows:

    • I. Subparagraph e. of Paragraph 6. Property Not Covered of Section A. COVERAGE is hereby deleted in its entirety and replaced with the following: e. Nonstandard Software, meaning software other than Standard Software. “Standard Software” means the operating system pre-loaded on or included as standard with the Covered Property from the manufacturer and other covered software listed in the Standard Software Schedule.

    All other terms and conditions of the policy remain in full force and effect.

    CLRI 024 (04/2012)

    © 2012 Asurion Insurance Services, Inc.

    Page 1 of 1

    Endorsement Number:

    Endorsement Effective Date:

    Modifies Policy Number:

    Issued to First Named Insured:

    [LIBERTY MUTUAL INSURANCE COMPANY] [LIBERTY INSURANCE UNDERWRITERS INC.]

    Commercial Inland Marine – Standard Software Schedule

    This schedule provides supplementary information to be used with the PORTABLE ELECTRONICS COVERAGE INSURANCE POLICY to which it is attached.

     

    Description of Standard Software Covered

     
     

    __________________________________________________________________

     

    CLRI 025 (04/2012)

    © 2012 Asurion Insurance Services, Inc.

    Page 1 of 1

    Endorsement Number:

    Endorsement Effective Date:

    M odifies Policy Number:

    Issued to First Named Insured:

    [LIBERTY MUTUAL INSURANCE COMPANY] [LIBERTY INSURANCE UNDERWRITERS INC.]

    THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

    DECLARATION CHANGE ENDORSEMENT

    The following item(s):

     

    Vendor

     

    Covered Causes of Loss

     

    First Named Insured

     

    Limits of Insurance

     

    First Named Insured Mailing Address

     

    Deductible

         

    Notification of Loss Period

     

    Policy Period Authorized Service Center

     

    Non-Return Fee

           
     

    Covered Property Coverage Territory

     

    Coverage Eligibility Monthly Premium Rate

    is (are) changed to read {See Additional Page(s)}:

    CLRI 026 (04/2012)

    ©2012 Asurion Insurance Serices, Inc.

    Page 1 of 1

    SERFF Tracking #:

    ASTP-128484141

    State Tracking #:

    12-5431; 12-5432

    Company Tracking #:

    LMG-IM-CLRI-0412-F/R

    State:

    California

    First Filing Company:

    Liberty Insurance Underwriters Inc., ...

    TOI/Sub-TOI:

    09.0 Inland Marine/09.0007 Communication Equipment (Cellular Telephones)

    Product Name:

    LMG-IM-CLRI-04/2012-F/R

     

    Project Name/Number:

    /

    Rate Information

    Rate data does NOT apply to filing.

    PDF Pipeline for SERFF Tracking Number ASTP-128484141 Generated 04/17/2015 11:16 PM

    SERFF Tracking #:

    ASTP-128484141

    State Tracking #:

    12-5431; 12-5432

    Company Tracking #:

    LMG-IM-CLRI-0412-F/R

    State:

    California

    First Filing Company:

    Liberty Insurance Underwriters Inc., ...

    TOI/Sub-TOI:

    09.0 Inland Marine/09.0007 Communication Equipment (Cellular Telephones)

    Product Name:

    LMG-IM-CLRI-04/2012-F/R

     

    Project Name/Number:

    /

    Rate/Rule Schedule

    Item

    Schedule Item

         

    Previous State

     

    No.

    Status

    Exhibit Name

    Rule # or Page #

    Rate Action

    Filing Number

    Attachments

    1

     

    State Exception Page

    LMIC-PEC-CA-1 02/2011 Edition

    New

     

    LMIC PEC CA SEP.pdf

    2

     

    Countrywide Rating Manual

    LMIC-PEC-CW-1 02/2011 Edition Pages 1 - 13

    New

     

    LMIC Retail RATE MANUAL FINAL.pdf

    PDF Pipeline for SERFF Tracking Number ASTP-128484141 Generated 04/17/2015 11:16 PM

    Liberty Mutual Insurance Company Liberty Insurance Underwriters, Inc. Portable Electronics Coverage State Exception Page - California

    The following exceptions to the Countrywide Rating Plan apply in this state:

    • I. Item D of Rule IV. Rate Modification Factors of Section Two Device Based Coverage Rates and Rating Rules is deleted.

    II.

    Item G of Rule IV. Rate Modification Factors of Section Two Device Based Coverage Rates and Rating Rules is replaced by the following:

    G.

    Schedule Rating

     

    1.

    The following modifications may be applied to the rate for each tier to better recognize specific characteristics affecting the exposure of the customers/devices in that tier. The modifications are totaled on an additive basis and are limited to the applicable state maximum. Premium eligibility for schedule rating is $500.

     

    Criteria

    Description

    Max. Credit

    Max. Debit

    Geographic Mix

    Distribution of business between urban and rural areas

    8%

    8%

     

    Considerations:

     

    Portable Electronic Vendors with a higher than average concentration of

    rural customers tend to have lower theft claim frequencies Portable Electronic Vendors with a higher than average concentration of rural customers tend to have lower cost devices (either overall or within a particular tier)

    Customer Base

    Local, regional or national scope of Portable Electronics Vendor

    10%

    10%

     

    Considerations:

     

    Local and regional vendors tend to lag national vendors in terms of the menu

    of devices offered. So, devices aren’t as new, and parts are easier to obtain

    and/or cost less.

     

    Program

    Actual vs. budgeted expenses associated

    8%

    8%

    Administration

    with the maintenance and administration of

    Expenses

    the program

     

    Considerations:

     

    There is a greater risk of fraud with GSM devices vs. CDMA devices because the memory chip can be moved between different devices.

    Equipment Mix

    Deviation of covered devices from industry standard

    8%

    8%

     

    Considerations:

     

    Vendors vary in both the types of devices they offer and the distribution of their customers among the various types of devices may have older portfolio of devices; may have higher concentration of a particular type of device

     

    GSM vs. CDMA Technology

    7%

    7%

     

    Considerations:

     

    Devices equipped for GSM technology are more expensive to repair or replace than the same devices equipped for CDMA technology.

    Management/ Under-

    Portable Electronics Vendor’s business

    10%

    10%

    writing Experience Persistency

    history; loss control procedures Actual vs. average persistency of customers

    5%

    5%

     

    Considerations:

     

    Claim experience tends to be better on longer term insureds.

     

    02/2011 Edition

     

    LMIC-PEC-CA-1

    Liberty Mutual Insurance Company Liberty Insurance Underwriters, Inc. Portable Electronics Coverage State Exception Page - California

    Criteria

    Description

    Max. Credit

    Max. Debit

    Part Availability

    Availability of repair parts and replacement devices

    8%