Auto Chapter 4

Question 1

What are the 4 subsections of Own Damage coverage

Answer 1

Specified Perils, comprehensive, collision or upset, and all perils

Question 2

List the perils covered under Specified Perils

Answer 2

fire, theft, lightning, windstorm, hail, rising water, earthquake, explosion, riot, falling aircraft, transportation (when auto is being carried)

Question 3

which perils are covered under comprehensive coverage auto

Answer 3

all specified perils plus, falling objects, missiles, and vandalism., animal collisions.

Question 4

What is covered under All Perils coverage

Answer 4

all perils under comprehensive, plus collision or upset coverage, plus two types of theft that are normally excluded.

Question 5

Define the peril of collision

Answer 5

colliding with another vehicle, person, object or surface of the road, or upset.

Question 6

what coverage does animal collision usually fall under?

Answer 6

comprehensive

Question 7

what are the exclusions of losses that are not covered unless by an named peril

Answer 7

tires, mechanical fracture or breakdown, or rusting/ wear and tear, freezing, or explosion within the engine

Question 8

what are the 4 types of theft losses not covered under specified perils and comprehensive

Answer 8

dishonest claim; illegal disposal of auto by legal owner. Voluntary parting; even if caused by trickery or fraud. Theft by person living in same household. Loss caused by EE of insured, were duties include operating the vehicle.

Question 9

Which perils have no deductible applied

Answer 9

fire and lightning

Question 10

deductible clause

Answer 10

applies to coverage under section 7 (loss or damage coverage).amount the insured must pay first.

Question 11

What expenses are also covered under the Additional Benefits (agreements of Insurer)

Answer 11

general average charges, salvage charges, fire department charges, customs duties.

Question 12

What is a temporary substitute automobile (TSA)

Answer 12

a vehicle that is not owned by insured or anyone in the same household, used by insured in place of own, when accident inhibits use by insured temporarily

Question 13

What are the limitations under own damage coverage when it comes to theft

Answer 13

coverage covers cost of rental, 900 per week, 72 hour waiting period before reimbursement begins. Ends when vehicle is replace, recovered, or settlement payout is made for stolen auto.