Business Auto

Question 1

Commercial Auto Coverage Form Types

Answer 1

1. Business Auto Coverage
2. Motor Carrier Coverage
3. Auto Dealers Coverage

Question 2

Business Auto Form Vehicles

Answer 2

1. all trucks
2. private passenger autos
3. specialty vehicles used for commercial purpose (ambulances, fire trucks, etc)

Question 3

Motor Carrier Coverage

Answer 3

Provides coverage for businesses that transport materials, commodities, and goods of their own and of others

Question 4

Auto Dealers Coverage

Answer 4

Provides coverage for auto dealers and trailer dealer

Question 5

Symbol 1

Answer 5

Any Auto

triggers liability for any auto

Question 6

Symbol 2

Answer 6

Owned Autos Only

liability, medical payments, UM/UIM, physical damage

Question 7

Symbol 3

Answer 7

Owned Private Passenger Autos Only

liability, medical payments, UM/UIM, physical damage, towing & labor

Question 8

Symbol 4

Answer 8

Owned Autos Other Than Private Passenger Autos Only

liability, medical payments, UM/UIM, physical damage coverage

Question 9

Symbol 5

Answer 9

Owned Autos Subject to No Fault

Question 10

Symbol 6

Answer 10

Owned Autos Subject to Compulsory Uninsured Motorist Law

Question 11

Symbol 7

Answer 11

Specifically Described Autos

Question 12

Symbol 8

Answer 12

Hired Autos Only

Question 13

Symbol 9

Answer 13

Non-Owned Autos Only

Question 14

Symbol 19

Answer 14

Mobile Equipment Subject To Compulsory Or Financial Responsibility Or Other Motor Vehicle Insurance Law Only

Question 15

Auto Status Endorsements

Answer 15

1. Golf Carts & Low Speed Vehicles
2. Snowmobiles
3. Mobile Equipment

Question 16

Covered Autos (Liability Only)

Answer 16

1. Trailers
2. Mobile Equipment
3. Temporary Substitute of owned auto

Question 17

Covered Autos Liability Coverage Exclusions

Answer 17

1. Expected/Intended Injury
2. Contractual
3. Worker’s Comp
4. Employee Indemnification & Employer’s Liability
5. Fellow Employee
6. Care, Custody, Control
7. Handling of Property
8. Movement of Property by Mechanical Device
9. Operations
10. Completed Operations
11. Pollution
12. War
13. Racing
14. Unmanned Aircraft

Question 18

Physical Damage Coverages

Answer 18

1. Comprehensive
2. Specified Causes of Loss
3. Collision
4. Towing & Labor
5. Glass Breakage

Question 19

Physical Damage Specified Causes of Loss

Answer 19

1. Fire, Lightning, Explosion
2. Theft
3. Windstorm, Hail, Earthquake
4. Flood
5. Mischief/Vandalism
6. Sinking/Burning/Collision/Derailment of any conveyance transporting the covered auto

Question 20

Physical Damage Coverage Extensions

Answer 20

1. Transportation Expenses
2. Loss of Use Expenses

Question 21

Physical Damage Endorsements

Answer 21

1. Business Interruption
2. Garagekeepers Coverage

Question 22

Physical Damage Exclusions

Answer 22

1. Nuclear Hazard
2. Professional/Organized racing, demolition contests or stunting activity
3. Loss confined to wear & tear, freezing, mechanical/electrical breakdown or road damage to tires
4. Electronic Equipment/Media