An automobile liability insurance policy or qualified self insurance arrangement protects the Authorized Driver on a primary basis in respect to other insurance, for third party bodily injury, death of another and for property damage other than to the rental vehicle on a per-occurrence basis as permitted by this Agreement, arising from the use of the Vehicle.
The coverage is in an amount up to fls. 150.000,- but in no event in excess of, the minimum limits required by the automobile financial responsibility or compulsory insurance laws of the country in which the accident occurs, unless other limits are provided pursuant to a separate account Agreement. This coverage excludes an claim made by a person who has signed the rental document of this agreement as an additional authorized driver after qualification by the Company;
I understand that if a claim is made or a lawsuit filed, the Company may defend the claim, or lawsuit at its sole discretion even if the claim or lawsuit, the Company may, at its sole discretion make any settlements which the Company considers advisable. However, the Company is not obligated to pay any claim or judgment or to defend any claim or lawsuit when the company’s payments have reached the limit of coverage.
I understand that this provision is intended to give me clear notice of the Company’s intent to relieve itself of the duty to defend me upon exhausting of the minimum limits required by the automobile financial responsibility or compulsory insurance laws of the state in which the accident occurs. All Authorized Drivers protected under the above arrangement agree to comply with and be bound by all its terms, conditions, limitations and restrictions, which are made a part of this Agreement by reference. All Authorized Drivers shall comply with procedures on accident and claims reporting as set forth below in Section 11. I understand that coverage does not apply to:
a. Any obligations assumed by an Authorized Driver under any contract of whatever nature;
b. Any fines, penalties, punitive damages or exemplary damages which an Authorized Driver may become legally obligated you pay;
c. Injury to or destruction of personal property owned by or in the possession, custody or control of an Authorized Driver or passengers;
d. Any liability of a driver who is not an Authorized Driver and any liability for an accident which occurs while the vehicle is obtained or used in violation of this Agreement. In the event that the liability coverage is extended by operation of law to anyone not permitted by this Agreement to drive the Vehicle, the limits of coverage shall be the minimum required, by the automobile financial responsibility or compulsory insurance laws of the state or other jurisdiction in which the accident occurred.