Part D - Coverage For Damage To Your Auto

Question 1

Addresses coverage for damage to the insured’s auto

Answer 1

Coverage Part D

Question 2

The broadest coverage on a Coverage Part D policy applies to ____

Answer 2

Non-owner autos

Question 3

The only named peril in a Coverage Part D policy

Answer 3

Collision

Question 4

Other Than Collision (OTC) provides coverage on a(n) ____ basis

A. Open Peril
B. Closed peril

Answer 4

Open Peril

Question 5

Another name for Other Than Coverage (OTC) is ____

Answer 5

Comprehensive

Question 6

The insurer will pay a max of $____ per day, up to $____, for transportation expenses incurred because of a collision

Answer 6

$20

$600

Question 7

If a loss is caused by theft, the insured will only pay expenses incurred during the period beginning ____ hours after the theft

Answer 7

48hrs

Question 8

If the loss is caused by a peril other than theft, the insurer will only pay expenses beginning when the auto is withdrawn from use for more than ____ hours

Answer 8

24hrs

Question 9

What happens if a state law prevents a rental company from recovering damages from the insured?

Answer 9

Many insurers automatically cover rentals with the same coverage as the insured’s PAP

Question 10

Losses under Part D are settled on a(n) ____ basis

Answer 10

Actual cash value

Question 11

The max limit of liability under Part D is $____ for non-owned trailers, and $____ for certain electronic equipment

Answer 11

$1,500

$1,000

Question 12

When paying for losses under Part D, what are the 2 ways in which the insurer may make a payment?

Answer 12

1. In cash

2. Repairing/replacing the stolen or damaged property

Question 13

Under Part D, If the insured & the insurer don’t agree on the amount of a loss, either party may demand a(n) ____

Answer 13

Appraisal

Question 14

Who’s responsible for the expenses of an appraisal?

Answer 14

The insured & insurer share the expenses