Chapter 7 - Personal Auto Policy Flashcards
Coverage A of a PAP
Liability
Coverage C of a PAP
Uninsured Motorist
A private passenger car, SUV, passenger van, or pickup must be __ pounds or less to purchase a PAP.
10,000 lbs.
This is an example of what kind of limit?
50/100/50
Split Limit
Liability Insurance in PAP follows the driver or vehicle?
Vehicle
Coverage B of a PAP
Medical Payments
Coverage D of a PAP
Damage to Auto (Physical Damage) / Comprehensive & Collision
Coverage that is in addition to the
liability limits and pays for bail bonds, appeal bonds, loss of earnings, and claims expenses (court stuff).
Supplementary Payments
This is an example of what kind of limit?
100,000
Combined Single Limit
If Bob drove Jacob’s car and
caused an accident, whose policy would be excess?
Bob’s policy.
Medical payments must incur within how many years of the accident to claim on the PAP.
3 years
This endorsement provides physical
damage coverage to vehicles in Mexico as long as a ____ policy is purchased, the vehicle within ___ miles of the U.S. Border, and visiting Mexico ___ days or fewer.
Mexico Liability
25 miles
10 days
When the insured and insurer do not agree on the recovery of damages, the process of ____ will settle the dispute.
Arbitration
In a PAP this coverage will payout if purchased and the insured collided with an animal.
Comprehensive
AKA: Other than Collision
When it comes to Damage to your Auto, the loss is the lesser of ____ or the amount necessary to repair.
Actual Cash Value
If the insurance company makes a
claim payment on behalf of the insured, the insured must assign his/her rights to the insurer to recover damages from the other party is known as ___________.
Subrogation
This coverage on a PAP must be purchased and can only be used if not legally responsible for the
bodily injuries.
Uninsured Motorist
In a PAP this coverage will
payout if purchased and the insured collided with a tree.
Collision
If Transportation Expenses coverage
was purchased on a PAP and a car was stolen, the coverage will begin ___ hours after theft.
48 hours
When the insured and the insurer
do not agree on the amount recovery of damages
Appraisal
What type of miscellaneous vehicle is excluded from the Miscellaneous Type Vehicle Endorsement?
Snowmobiles
The Policy Territory in a PAP.
USA,
Puerto Rico
Canada.
Notice of at least ___ days is required for cancellation due
to reasons other than nonpayment in PAP.
30 days
For the Towing and Labor
endorsement, the labor must be performed where?
Site of disablement
The maximum limit for installed electronic equipment provided on an unendorsed PAP is $____.
$1,000
An unendorsed PAP provides the limit of $______ for transportation expenses, with a maximum of $_____.
$20 per day/ up to $600
