Unit 5

Front 1

A dealer who wishes to purchase physical damage coverage for loss from voluntarily parting with a covered auto by trick or scheme or from acquiring an auto from someone who does not have a legal title would purchase which-endorsement?

Back 1

False Pretense

Front 2

What is the deductible for each accident resulting from property damage to an auto as a result of work performed by or on behalf of the insured?

Back 2

$100

Front 3

Joe owns his own business, Joe's a sole proprietor. Joe has his only owned-vehicle, a 2004 Toyota, insured on his Business Auto Policy.' Which endorsement-would Joe add to his Business Auto Policy?

Back 3

Individual Named Insured

Front 4

Vehicles used for other uses not qualifying as retail or service would be rated?

Back 4

Commercial

Front 5

Which of the following are exclusions under Section II of the Business Auto Policy?

Back 5

Expected or intended injury,Liability for pollution or contamination unless arising fromthe normal operating fluids of the vehicle and War.

Front 6

A dealer who wishes to purchase coverage for products liability for damage to his own products would purchase which endorsement?

Back 6

Broad Form Products

Front 7

Which types of vehicles are covered by the business auto policy?

Back 7

All of these are correct; all businesses other than garageor trucking businesses

Front 8

Which of the following are exclusions under Section II of the Business Auto Policy?

Back 8

Damage to property owned or transported by or in thecare, custody or control of the insured, Liability assumed under any contract or agreement, Employee injuries or employer's liability under a worker'scompensation law.

Front 9

Which of the following are exclusions in the Garage Insurance Policy?

Back 9

Loss of use of property not physically damaged caused by the insured's delay or failure to perform an agreement of contract. Property damage to the insured's own products or to work performed by or on behalf of the insured if the damage is caused by defects existing when the product was sold or results from the work itself.Claims for product or work recall.

Front 10

Which of the following are exclusions under the dealer's blanket physical damage coverage?

Back 10

Expected profits, Loss at a newly acquired, unreported location, if the loss occurs more than 45 days after acquisition of the location.Collision damage to autos being driven or transported from point of purchase or distribution to destination, if such points are more than 50 miles apart.

Front 11

How is mobile equipment handled on the Business Auto Policy?

Back 11

Mobile equipment may be endorsed onto the auto policywhen no CGL insurance is available.

Front 12

What is the medical payments coverage of a Garage policy?

Back 12

Automobile Medical Payments applied to autos coveredfor liability, Premises medical payments apply for medicalreimbursement to customers and others who are injured atthe garage premises but not involving autos.

Front 13

Joe works for XYZ Corp. Joe does not own an auto but desires PIP coverage for himself and his wife. Which endorsement would Joe ask XYZ Corp. to add to their Business Auto Policy?

Back 13

Named Individuals BroadenedPIP

Front 14

Under the Trucker's Bodily Injury and Property Damage coverage form, which ofthe following is covered?

Back 14

The insured was operating his own truck, which caused a accident. Tractor with a semitrailerattached jackknifed and thetrailer caused damage. The insured borrows a truck, which causes an at fault accident

Front 15

What does Symbol 1 in the Business Auto Policy mean?

Back 15

Any Autos-Liability only

Front 16

What does Symbol 2 in the Business Auto Policy mean?

Back 16

"Owned Autos Only." This symbol covers all automobiles owned by the insured throughout the policy period

Front 17

What does Symbol 3 in the Business Auto Policy mean?

Back 17

"Owned Private Passenger Autos Only." Coverage applies only to owned private passenger automobiles.

Front 18

What does Symbol 4 in the Business Auto Policy mean?

Back 18

"Owned Autos Other Than Private Passenger Autos Only." Does not apply to private passenger autos.

Front 19

What does Symbol 5 in the Business Auto Policy mean?

Back 19

Owned Autos subject to No-Fault-PIP only (automatic coverage for all autos requiring FL PIP)

Front 20

What does Symbol 6 in the Business Auto Policy mean?

Back 20

Owned Autos subject to a compulsory uninsured motorists law- Not Used In Florida

Front 21

What does Symbol 7 in the Business Auto Policy mean?

Back 21

Specifically described autos-covers only autos specified in declarations and includes non-owned trailers while attached to these autos- Any coverage (Acquired auto during policy period covered if 1. all autos insured or 2.replace within 30-days)

Front 22

What does Symbol 8 in the Business Auto Policy mean?

Back 22

Hired Autos only-those insured hires, rents, leases, or borrows-liability &Physical damage only,excludes autos of employees & members of their family.

Front 23

What does Symbol 9 in the Business Auto Policy mean?

Back 23

Non-Owned autos only-liability only, covers autos of employee & their family members (employee's car while used in your business)

Front 24

What does Symbol 19 in the Business Auto Policy mean?

Back 24

Mobile Equipment subject to compulsory insurance law (financial Responsibility or other)-For over-the-road use of mobile equipment falling under definition of autos.

Front 25

What does Symbol 21 in the Garage Insurance Policy mean?

Back 25

"Any Auto." This means the policy covers any auto owned,hired, or non-ownedby the insured.

Front 26

What does Symbol 22 in the Garage Insurance Policy mean?

Back 26

"Owned Autos Only." This symbol covers all automobiles-owned by the insured throughout the policy period.

Front 27

What does Symbol 23 in the Garage Insurance Policy mean?

Back 27

"Owned Private Passenger Autos Only." Coverage appliesonly to owned private passenger automobiles.

Front 28

What does Symbol 24 in the Garage Insurance Policy mean?

Back 28

Owned Autos other than private passengers autos only-all coverage

Front 29

What does Symbol 25 in the Garage Insurance Policy mean?

Back 29

"Owned Autos subject to No Fault".Coverage applies to all autos requires to be covered under the Florida No Fault Law.

Front 30

What does Symbol 27 in the Garage Insurance Policy mean?

Back 30

Specifically described autos. Coverage applies to only-specific autos identified in the declarations including non-owned-trailers while attached to any such unit.

Front 31

What does Symbol 28 in the Business Auto Policy mean?

Back 31

Hired autos only-Liability & Physical Damage only

Front 32

What does Symbol 29 in the Garage Insurance Policy mean?

Back 32

"Non-owned Autos Only". Coverage applies to autos,which the named insured does not own, lease, hire, rent or borrow except from employees or family members of a employee.

Front 33

What does Symbol 30 in the Garage Insurance Policy mean?

Back 33

Autos left with you for service, repair, storage and safe keeping.

Front 34

What does Symbol 31 in the Garage Insurance Policy mean?

Back 34

Dealers autos and autos held for sale by non-dealers-or-trailer dealers (physical damage).

Front 35

Business Auto Policy Private Passenger:

Back 35

Gross vehicle weight less than 10,000 lbs., (Such as van, station wagon, pick-up, Jeep, Utility-Trailer designed to be pulled by passenger auto)

Front 36

Business Auto Policy Commercial:

Back 36

Gross weight more more than 10,00 lbs. ( such as semi-trailers, truck tractors, commercial and service trailers)

Front 37

Business Auto Policy Public Autos:

Back 37

Used to deliver people (taxi, limo, buses) or private passenger vehicles rented without driver

Front 38

Business Auto Policy Special Types:

Back 38

including self- propelled with permanently attached equipment (such as for snow removal, road maintenance or cherry pickers and air compressors)

Front 39

Business Auto Policy Coverage Forms:

Back 39

Business Autos-All business other than garage or trucking business. Garage-Selling servicing, repairing parking or storing autos. Truckers-Hired to transport goods fro someone else.

Front 40

Business Auto Coverage Forms:

Back 40

Section 1-Covered Autos. Section 2-Liability. Section 3-Physical Damage. Section 4-Business Auto Connections. Section 5-Definitions (PIP, UM,Medical Payments can be added by endorsement)

Front 41

BAP Section 2 Liability:

Back 41

Named Insureds, Permissive users of covered Autos, owned, hired, or borrowed by named insured,Vicariously liable for connect of an insured in 1. or 2.

Front 42

BAP Section 2 Exclusions:

Back 42

Assumed Liabilities,Employee Injuries, Owned Property, transported by or in CCC of Insured, Mechanical Movement,Handling property before acceptance and after delivery, Pollution, Mobile Equipment, Expected or Intended injury,Completed operations, War, Injuries or damages for racing and etc.

Front 43

BAP Section 3:Physical Damage

Back 43

Comprehensive-Any loss not excluded other than collision or overturn (basically same as other collision in PAP)(Glass breakage,hitting bird or animal, falling-objects or missiles covered as comprehensive)

Front 44

BAP Section 3:Physical Damage Cont.

Back 44

specified Causes of Loss- Fire,Lightning,Explosion,Theft, Windstorm, Hail, Earthquake, Flood, Mischief or Vandalism,Sinking,Burning or Derailment of a conveying transport

Front 45

BAP Section 3: Collision:

Back 45

Collision with another object or overturn, A. Also covered by Collision-Glass Breakage,Hitting a bird or animal and Falling Objects or missiles

Front 46

BAP Sections 3: Private Passengers autos only

Back 46

Towing and Labor-Limited of $25, Transportation-$20 per day, $600 maximum

Front 47

BAP Section 3: Exclusions

Back 47

Sound reproducing and receiving equipment, tapes and records, wear and Tear, Freezing, Mechanical or Electrical breakdown, Damage to tires, War and Nuclear War.

Front 48

BAP Sections 3: Endorsements

Back 48

1. Named Individuals- Broadened PIP-Covers a non-owner for PIP. 2. Individual Named Insured-Broadens coverage on selected autos t provide PAP type coverage 3. Drive other Car- Covers persons named and spouses for use of Autos not covered under BAP and they do not own.

Front 49

What is covered under Sections 1 in the Business Auto Form?

Back 49

Section 1 is covered Autos- Symbols 1 thru 9 and Symbol 19.

Front 50

Business Auto Policy Rating:

Back 50

Based on where garaged; radius of operation,; size type and business use.

Front 51

Truckers Coverage Form:

Back 51

Variation of Business Auto form fro those in business hauling goods for other for hire; covers liability and Trailer Interchange Coverage.

Front 52

Truckers Coverage Liability

Back 52

Expanded definition of insured Includes: Anyone from whom vehicle is hired or borrowed and being used exclusively in named insured's business. If a trailer then only while connected to covered power unit.

Front 53

Trucker Coverage Trailer Interchange Coverage

Back 53

Legal liability for damage to trailer owned by others. Excludes same causes as business Auto Physical Damage. Does not cover claims for loss use.

Front 54

Garage Insurance: Sections Covered Autos (Symbols 21-29)

Back 54

Coverage for those in business of selling, servicing, repairs, or parking autos, also includes coverage for general liability Hazards for these risks.

Front 55

Garage Insurance Sections 2: Liability

Back 55

Covers "Garage Operations" , Which Includes: Ownership,Maintenance or use of locations for garage business and the way adjoining,All operations necessary or incidental the business,Autos indicated by symbols in declarations.

Front 56

Garage Insurance Sections 2: Liability Exclusions

Back 56

Employee Injuries,Damage to property owned by or in CCC of Insured,Pollution or Contamination,Covered Autos leased or rented to others (EXCEPT rental customers)Being used in racing or demolition,Watercraft(Except while on premises)Property damage to insured's own products or work,Loss of use of property (not physical damage)Claims for product or work recall

Front 57

Garage Insurance Section 2: Insured

Back 57

(Same as under Business Auto) Dealer Risks-Customers test driving autos having at least 10/20/10,if no liability coverage or is less than 10/20/10;covered under GI as insured, but only for 10/20/10.Optional to protect customers to full limits.

Front 58

Garage Insurance Section 2: Insured Cont.

Back 58

For Garage operations other than covered than autos-Named Insured,employees, Directors or Shareholders, While acting within scope of their duties as such.

Front 59

What is CCC Coverage?

Back 59

Care, Custody and Control (Gatekeepers)

Front 60

Garage Insurance Sections 3: "Garage-keepers"

Back 60

Coverage-Damage for which insured is liable to customers cars which insured has for servicing, repairing, parking and storing Autos.

Front 61

Garage Insurance Sections 3: Causes of Loss Covered

Back 61

Comprehensive-all loss except collision or overturn. Specified Causes of Loss-Fire,Explosion,Theft,Mischief,Vandalism and Collision.

Front 62

Garage Insurance Sections 3: Deductibles

Back 62

Standard-$100-Per Car,$500 per occurrence, for Theft,Mischief,Vandalism(High available). Collision-$100,$250,or $500

Front 63

Garage Insurance Sections 3: Basic Policy Coverage

Back 63

Insured's legal liability, Optional-coverage for customers property without regard to legal liability, either; Regardless of any other insurance customer may have, or Excess over any other available coverage.

Front 64

Garage Insurance Sections 3: Exclusions

Back 64

Sound reproducing and receiving equipment, Agreement in which insured accepts responsibility of loss,Theft or conversion by insureds by insureds, employees,shareholders;Defective parts, materials, or faulty work performed by or on behalf of insured.

Front 65

Garage Insurance Sections 4: Physical Damage Coverage

Back 65

Comprehensive or Specific Perils and Collision, Dealers Risk issued on a blanket basis for symbol 21 and 31;Dealers Coverage-Reporting basis (Monthly or Quarterly) or Non-Reporting basis subject to limit in policy or both subject to 100% coinsurance

Front 66

Garage Insurance Sections 4: Physical Damage Exclusions

Back 66

Auto coverage form plus:Autos leased or rented to others (except covered auto rented customer when their car left for service or repair),Autos in organized racing,Voluntarily parting with auto by trick,scheme or false pretense.

Front 67

Garage Insurance Sections 4: Physical Damage Exclusions Dealer's Blanket Coverage

Back 67

Expected profits,Newly acquired unreported location, if more than 45 days after acquisition, Transported more than 50 miles from point purchase or distribution destination, Collision or upset of transporting vehicle.

Front 68

Garage Insurance Sections 4: Physical Damage Endorsements

Back 68

Standard-PIP, Uninsured Motorists,Medical Payments. Broad form products-liability coverage for damage insured's own products($250 per accident deductible)Dealers Drive-Away Collision-Physical Damage coverage for coverage for transportation to a location over 50 miles. False Pretense-Physical damage for loss form voluntary parting by trick, scheme or no legit title.