"Accident" means an accident and includes continuous
or repeated exposure to the same conditions resulting in
"loss".
"Actual Cash Value (ACV)" means replacement cost
of the vehicle minus depreciation.
"Auto" means a licensed land motor vehicle, "trailer"
or semitrailer designed for travel on public roads but does
not include "mobile equipment".
"Loss" means direct and accidental loss or damage
including continuous or repeated exposure to the same conditions.
"Mobile Equipment" means a land vehicle to include
any machinery or apparatus attached thereto, whether or
not self-propelled, which is
(1)
not subject to the motor vehicle registration,
(2)
maintained for use exclusively on premises owned by or
rented to the State of Georgia or any of it's departments,
including the right-of-way immediately adjoining such
premises or
(3)
designed for use principally on off-public roads, or
(4)
designed and maintained for the sole purpose of affording
mobility to the equipment of the following types and forming
an integral part of or permanently attached to such vehicle:
Power cranes, shovels, loaders, diggers and drills, cement
mixers (other than mixed-in transit types), graders, scrapers,
rollers and other road construction or repair equipment,
air compressors, pumps and generators, including spraying,
welding and building cleaning equipment and geophysical
exploration, farm machinery and well servicing equipment.
These items can be insured under the All Risk Policy.
See All
Risk Policy for further details.
"Trailer" includes semi-trailer.
