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37 Cards in this Set
- Front
- Back
In an auto insurance limits of 50/100/25 means
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100 bodily injury per occurrence 25 property damage per occurrence |
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A client negligently causes an accident resulting in BI and PD to the maximum of his policy limits which are 30/60/20. If defense cost in a resulting lawsuit are $8,000 the insurer will pay
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$88,000 |
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Under coverage D, Damage to your Auto other than collision covers
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Floods |
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Flood is excluded on _______________ insurance
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Fire Insurance |
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_____________ is not covered while driving the inured auto on a PAP
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Auto Mechanic test driving his car |
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A mechanic is covered to drive others cars by the repair shops |
Garage Liability Policy |
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Coverage on a PAP when there is theft |
No deductible |
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Another driver dents a cars fender and drives off is an example of __________ ____________ under a PAP |
Collision Loss |
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Classification tables based on the Law of Large Numbers are used by all insurance companies to set base rates for auto policies. The use
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occupation is for life insurance |
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Covers injuries caused by hit and run drivers |
Uninsured Motorist Coverage |
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Under the business Auto Coverage form mobile equipment may be
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covered for liability while being towed |
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The medical payments section of an Auto policy excludes
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persons in an auto with which the insured collided |
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Persons in another car that are negligently isured are covered under the insured's
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Bodily Injury Liability Coverage |
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Insured who rents a private garage backs in and damages the garage covered by
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Liability Insurance under a Personal Auto policy |
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Under the supplementary payments of a Personal Auto policy if an insured has to take off from work to attend a hearing the policy pays how much for his earnings
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Up to $200 per day |
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The Uninsured Motorists coverage of a Personal Auto Policy excludes coverage of an accident
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with a driver who carries the minimum liability limits required by law, but whose insurance is not adequate to cover the damages
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Towing and labor coverage on a PAP is |
an option coverage for an extra fee |
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The appraisal clause under Part D of a PAP Coverage for damage to your Auto
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The expenses of the appraisal are shared among both parties |
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A real estate agent who drives customers around in her own care would most likely |
add business use to her Personal auto policy |
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The result is |
his insurance pays the remainder up to the limits of his policy, after the other drivers policy limits are exhausted |
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The named non-owner coverage endorsement is used to provide Personal Auto insurance for |
someone who does not own an automobile but who drives borrowed or rented autos |
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Michelle borrows Lisa's car and causes an accident while driving it. What insurance applies |
applies to any excess |
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An eligible auto on the Personal auto policy is a |
Pickup truck Vehicles up to 10,000 GVW |
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On a PAP a deductible applies to |
Damage to your Auto
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Which coverage usually has no deductible
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Liability Coverage |
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Damage to your car with includes collision or comprehensive pays the
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ACV of the car |
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A ___________ would not be considered a covered auto on the PAP
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motor home rented by the insured to go on vacation |
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_________ equipment is not covered as auto under the Business Auto Coverage
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Mobile |
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Under a Business Auto Coverage Part, the "Drive Other Car" endorsement is used to cover |
the non-business auto liability exposures to named individuals |
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Garage Liability is broader than business auto liability because it |
covers premises, products and completed operations liability |
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The name of the bailee-type coverage that provides legal liability for damage to customers autos that are left with the insured for servicing, repair or stores is called
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Garage Keepers Legal Liability Coverage |
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Pollution Liability is covered under a Business Auto Policy
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when the pollution results from a covered accident |
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Regarding Business Auto coverage what may be optional coverage's
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Medical and UM coverage |
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Under the Motor Carrier Act what is the limit of liability required for hauling hazardous materials
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$5,000,000
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If a commercial common carrier is hauling property across state lines, the federal high administration under the terms of the Motor Carrier act will require proof of financial responsibility
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MCS-90 filing |
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Which endorsement provides coverage for 2 related but unmarried individuals |
Joint Ownership Coverage |
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Sam is driving his own car on behalf of his employer, which endorsement is necessary in order for the commercial auto policy of the employer to cover Sam for damages caused in an accident |
Employees as additional insured's |