Commercial auto

Question 1

Under the business auto policy, transportation expense reimbursement is:

Answer 1

Included for private passenger auto only

Question 2

A business auto policy extends automatic liability coverage to trailers with the maximum load to possibly of:

Answer 2

2000 pounds

Question 3

Just Car lot has garage insurance with section 4 physical damage limit of $100,000. If Jeff has $33,000 covered loss, and his total values on hand at the time of the loss for $150,000, how much would be recovered?

Answer 3

$22,000. Remember did over should

Question 4

What is garage insurance policies a combination of

Answer 4

General liability and auto

Question 5

John takes a test drive in a vehicle that belongs to Don’s new cars, Inc. John has APAP with 50/100/25 limits and Don’s garage liability limit is $1 million. If John has an awful accident, his liability protection will be:

Answer 5

P a P only

Question 6

A broad form products endorsement to a garage insurance policy provides:

Answer 6

Coverage if the insured’s product is damaged by the insured’s negligence

Question 7

And endorsement to the BAP in which named persons are covered for use of autos they do not own, is called

Answer 7

Drive other car coverage

Question 8

The ways that the protection of garage keepers insurance may be written are:

Answer 8

Legal liability, direct access over customers coverage, direct primary coverage

Question 9

Explain the scope of coverage under liability in the garage coverage form as regards rented Autos

Answer 9

Only autos rented to customers whose cars are left for service or repair are covered

Question 10

Under garage coverage form physical damage exclusions that applied to dealers blankets coverage are:

Answer 10

Expected profits, Loss at new undeclared location after 45 days, loss due to trick or scheme

Question 11

Jim has truckers coverage form. While hauling a load of reprocessed hey and Betty’s borrow truck you had an accident and he and Betty are sued. Jim’s truckers coverage for will defend:

Answer 11

Both Jim and Betty

Question 12

The garage coverage form endorsement that covers for loss of owned auto due to trick or scheme or from acquisition of an auto where the title is not legal, is called:

Answer 12

False pretense

Question 13

Jim has truckers coverage form. While hauling a load of hay and buddies borrow truck he had an accident and he and Betty are both soon. Betty Sue’s gym for damage to buddies trailer, which was also damaged, due to Jim’s negligence. If Jim has trailer interchange coverage, the policy will pay for:

Answer 13

Damage to Betty’s trailer

Question 14

What are the ways the blanket coverage for physical damage on dealers risks may be written?

Answer 14

Reporting, non reporting

Question 15

Debbie’s garage has garage insurance with $500,000 in liability coverage. Todd, one of Debbie’s mechanics, repairs the brakes on a customers car. The brakes fail as a result of Todd’s negligence and the following damage is result: repair brakes $500, customers auto $4700, autostrada customer $6400, passenger and other auto $9000. How much will Debbie’s garage policy pay?

Answer 15

$20,000. There’s a $100 deductible on a customers auto damage my work performed. Policy excludes paying for a pair of Todd’s negligently done brake job

Question 16

An individual who is furnished and auto but does not own an auto can secure PIP through which endorsement?

Answer 16

Named individuals – broad and PIP

Question 17

Sam has a business auto policy with section 4 – physical damage right in with a $250 deductible on comprehensive and a $500 deductible on collision. Salmon tree limb destroying his windshield. If the cost to replace the windshield is $670, his policy will pay:

Answer 17

$670