Personal Auto Flashcards
Time requirement
atleast 6 mns
Replacement vehicle
notify within 30 days
broadest coverage of any vehicles listed
Additional vehicle
notify within 30 days
broadest coverage of any vehicles listed
Misc. Endorsemrnt
golf cart
motorcycle
travel trailer
med pay extends to motorcycles
Liability
to pay for neg of insured
pays damages to 3rd party
Ins Agreement
up to policy limits
Supplementary Payments
court costs, bail bonds, loss of wages, etc…
NC minimums
30/60/25
Liability covers Auto not Driver
Liability covers Auto not Driver
Premium Rating Factors
- Pleasure/Business use
- Use to travel to work a) more than 10 miles b) less than 10 miles
- Agriculture use
MedPay facts
agrees to pay for med bills within 3 years of loss
typically 1k
anyone in or injured by vehicle
Uninsured and Underinsured
required in NC
pays for BI and PD by un or under insured motorist
Hit and Run only covers BI NOT PD
Hit and Run only covers BI NOT PD
UN/UMI Deductible
$100
UM cover BI and PD
UIM (under) covers BI only
OTC
other than collision - comp
Driving a non-owned auto
receives broadest coverage
No Deductible in NC
Fire, smoke
And stranding, sinking, burning or derailment of any conveyance which the auto is being transported
Transportation Expense (Theft)
$15 per day - $450 total
starts 48 hrs after theft
Limits - Damage to Your Auto
non-owned trailer: 1,500
personal affects: 1,000
unlimited coverage for factory installed
permanently installed: 1,000
Loss Payee
institution financing a vehicle
Wait 60 days for UM/UMI
Wait 60 days for UM/UMI
Notice Time to Cancel Coverage
at least 15 days for non payment of premium
60 days for all other reasons
Pro-rata
comp cancels policy
Short-rate
insured cancels policy
Non-renewal
mail notice to insurer - 60 days prior to end of policy period (liability, medpay, and UM, and UIM)
10 days for other coverage
Other Coverage
Towing and Labor
Extended Transportation (rental)
-24hrs later
-$15/$450
-$30/$900
-$50/$1,500
Extended Non-Owned Auto
company car
Extended Customized Equiptment
200 deductible