AUTO: SECTION 3: LIABILITY Flashcards
1
Q
SECTION 3: LIABILITY: WHAT IS COVERED:
A
- aka 3rd party liability
- protects you (+ anyone using car with consent) when someone injured/killed/property dmaged BY YOU (not own damage)
- MINIMUM IN ON $200,000 (property damage+ bodily injury)
- ○ above this min: injury claims become priority (95%=190,000, PD 5%=10000)
2
Q
Pecuniary VS non pecuniary
A
- Pecuniary: economic losses
- lost wages, medical bils (catastrpohic)
- Non-pecuiary: non economic losses
- 2 conditions (Thresholds)
- Verbal definition
- Deductible $36,905.40
* § family law: $15,000
- Deductible $36,905.40
- 2 conditions (Thresholds)
3
Q
Threshold
A
- To meet thresholds, 3rd party must have:
- died
- permanent serious disfigurement
- permanent serious impaitment of important physical, mental, psycological function
4
Q
rental/leased cars: orders in which policies respond:
A
- Person who rented car (paid for it)
- person who drove car
- Owener of rented car/leasing company (always last)