A. Automobiles, Trucks, Trailers, Semi-Trailers, ATVs, or any self-propelled vehicles or machines primarily designed and licensed for road use; provided, however, that trailers or semi-trailers will be included as covered equipment if they are included on the same lease or finance agreement with other items of covered equipment and are to be primarily used for the purpose of providing mobility to such other covered equipment.
B. Equipment used in mining, logging, lumbering or oil or gas explorations or processing; provided, however, that this exclusion does not apply to covered equipment located and used in enclosed buildings, if the primary use of such equipment is incidental to activities in these industries.
C. Equipment that is waterborne; provided, however, that this exclusion does not apply to losses to covered equipment while it is on ferries operated in connection with railroads, or on public ferries operating scheduled routes.
D. Underground equipment or equipment while located underground; provided, however, that this exclusion does not apply to covered equipment located below ground level in enclosed buildings that are constructed primarily above ground level.
E. Aircraft or watercraft, including their motors, equipment and accessories.
F. Equipment illegally acquired, kept, stored or transported or equipment seized or confiscated for breach of any law or by order of any public authority.
G. Software that is included in primarily software-only lease or finance agreements; provided, however, when software is considered covered equipment because it is included as part of a lease or finance agreement for computer hardware, ALI will pay the lesser of $5,000, the actual cost to reconstruct software, or the cost to purchase a copy of such software.
H. Accounts, bills, currency, deeds, evidence of debt, money, notes, securities, precious metals, or jewelry.