Automotive: Personal Auto

Question 1

PAP

Answer 1

Personal Auto Policy

Question 2

Personal Auto Policy

Answer 2

An insurance policy for the owners of private passenger vehicles (cars) with liability insurance

Question 3

Part A
Part B
Part C
Part D
Part E
Part F

Answer 3

A - Liability
B - Medical Payments
C - Uninsured Motorist
D - Coverage for Damage to Your Auto
E - Duties After an Accident or Loss
F - General Provisions

Question 4

Definitions

Answer 4

Located on the first page of the policy

Question 5

Bodily Injury

Answer 5

bodily harm, sickness, or disease, including death that results from injury

Question 6

Propert Damage

Answer 6

Physical Injury, destruction or loss of use of tangible property

Question 7

Collision Coverage and/or Other than Collision Coverage Time frame

Answer 7

Within 14 days

Question 8

Hired

Answer 8

Leased, hired, rented, or borrowed from someone other than employee or partner

Question 9

Nonowned automobile

Answer 9

leased, hired, rented or borrowed from employee

Question 10

Supplementary Payments

Answer 10

Bail bonds covered up to $250
Paid in addition to the liability limit

Question 11

Split limit

Answer 11

uses 3 dollar amounts (per person, per accident, property damage

Question 12

Combined Single

Answer 12

Single limit for bodily injury and propert damage

Question 13

Medical Payments

Answer 13

Must be rendered within 3 years

Question 14

Appraisal

Answer 14

If the insured and the insurer cannot agree on a settlement, either party can demand appraisal. Each party will select and pay for their own appraiser, The decision from 2 appraisers will be binding on both parties

Question 15

Towing and labor costs

Answer 15

$25 limitfor towing and labor costs

Question 16

Rental Reimbursement

Answer 16

Only available if policy includes other than collision.

Question 17

Miscellaneous Type Vehicle

Answer 17

Includes motorcycles, motor homes, golf carts, dune buggies, and other recreational vehicles.

Question 18

Joint Ownership Coverage

Answer 18

two individuals own a vehicle

Question 19

Umbrella And Excess Liability

Answer 19

Provides coverage over the underlying policy usually written to provide $1,000,000 in additional coverage