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18 Cards in this Set
- Front
- Back
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False & Fraudulent claims |
Misleading or incorrect statements for: claims, ratings, applications, or binding coverage. Penalty: 1st to 3rd degree felony *trying to collect on my own policy |
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Abandoment |
Insured cannot dump damage property & request full value of property |
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Severability |
(Separations of insureds) Insurance applies separately/equally to each insured as if other insurance did not exist |
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Owners of motor vehicle |
Defined motor vehicle |
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Defined motor vehicle |
Four or more wheels; designed and required to be licensed for road use and trailers used with the same, household vehicle, commercial vehicle, eating real dump truck. Not a defined motor vehicle: motorcycles, golf cart, government mass transit (city bus/beach trolley) mobile home |
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How much is payable for the death benefit? |
$5000 |
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How much is payable for medical expenses per person per accident? |
$10,000 |
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Who is covered by PIP? (personal injury protection) |
Named insured and family members: • residing family members (Live with me) no residents anywhere else-regardless of age of blood marriage adoption •occupying any define motor vehicles •struck as pedestrian by a defined motor vehicle in Florida •out of state- in insured/residing family members vehicle only ————————————— Others in FL: • occupying insured vehicle • if Florida resident struck as pedestrian, covered under vehicle PIP which struck them. (Coverage stops the Florida border when in vehicle for which not need to find insured) |
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What order is payable? |
1st: Workers comp first 2nd:PIP 3rd: Medical pay |
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Is property damage covered under PIP? |
No |
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Under PIP does a non-resident have to comply with no fault law? |
YES |
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Liability (PAP) |
Pays others and defend the insured |
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Anyone can sue for non-economic damages if they Pierce one of these thresholds: |
1. Significant and permanent loss of bodily function 2. Permanent injury other than scarring and disfigurement 3. Significant and permanent scarring or disfigurement 4. Death |
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Who is covered under additional PIP? |
• Named insured & family members ONLY |
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Whose covered under PAP? |
Individuals, related persons living together in the same household, and unrelated persons living together. • sole proprietor would be eligible |
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Where do you find loss payee on the PAP contract? |
Declaration page |
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What’s on the declaration page of PAP? |
Name insured, mailing address, state, policy period, Coverage limits, premium, and loss payee/lender of car |
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Definition “Your covered auto” |
1.(Listed on declaration page) 2. Any temporary substitute for described vehicles out of normal use due to break down, loss or destruction 3. Owned trailer 4. Newly acquired |
