Auto Insurance

Question 1

Part A: Liability

Answer 1

Covers loss arising from legal liability when insured in involved in accident

Bodily Injury and Property Damage
Defense Costs

Question 2

Supplementary Payments

Answer 2

Insurer will pay for Bail bonds up to 250$
Premiums on appeal bonds / attachments in full
200$ per day for loss of earning

Question 3

PAP Acronym

Answer 3

Personal Auto Policy

Question 4

Split limits A/B/C

Answer 4

A-> Bodily Injury per each person
B-> Bodily injury for entire accident
C-> Property Damage

Question 5

Part B: Medical Payments

Answer 5

Pays for associated expenses with necessary medical and funeral expenses

Rendered within 3 Years

Question 6

PIP Acronym

Answer 6

Personal Injury Protection

Question 7

Part C: Uninsured/Underinsured Motorist

Answer 7

provides the insured with money for bodily injuries that the insured would be legally entitled to recover from the owner or operator of a vehicle that does not carry the required liability insurance coverage

Question 8

Part D: Coverage for Damage to your Auto

Answer 8

Physical damage coverage

Collision & Other-than-collision (comprehensive)

Question 9

Part D: Transportation expenses

Answer 9

$20 per day

max $600

Question 10

Commercial Auto Coverage Forms (4)

Answer 10

1. Business auto coverage
2. Business auto physical damage coverage
3. Garage coverage form
4. Motor carrier coverage form

Question 11

Auto Symbol: 1

Answer 11

Any Auto

Question 12

Auto Symbol: 2

Answer 12

Owned Auto

Question 13

Auto Symbol: 3

Answer 13

Owned private passenger auto

Question 14

Auto Symbol: 4

Answer 14

Owned autos, other than private passenger

Question 15

Auto Symbol: 5

Answer 15

Owned autos subject to no-fault

Question 16

Auto Symbol: 6

Answer 16

Owned autos subject to a compulsory uninsured motorists law

Question 17

Auto Symbol: 7

Answer 17

Specifically described autos

Question 18

Auto Symbol: 8

Answer 18

Hired Autos only

Question 19

Auto Symbol: 9

Answer 19

Nonowned autos (leased, hired, rented, borrowed)

Question 20

Auto Symbol: 19

Answer 20

Mobile equipment subject to compulsory, financial responsibility, or other motor vehicle insurance law only

Question 21

Commercial Auto Liability (Section 2)

Answer 21

$2000 for bail bonds

$250 per day for time off work

Question 22

Garage Coverage Symbol: 30

Answer 22

Autos left with you for service

Question 23

Garage Symbol: 31

Answer 23

Dealer’s autos

Question 24

Motor Carrier MCS-90 minimum requirements

Answer 24

$750,000 nonhazardous property
$1 mil hazardous waste
$5 mil specifically defined hazardous waste