Personal Auto Insurance Flashcards
Who is insured under Part A?
The named insured and members of their family
Anyone using insureds car with insureds permission or the reasonable belief he is entitled to do so
Other people/organizations to the extent that they share liability with the insured
Other people/organizations for their liability arising out of an accident involving any auto/trailer using by insured/family member
Supplementary payments include:
Up to $250 for the cost of bail bonds
Premiums on appeal bonds of bonds to release attachments
Post judgment interest (included as part of the liability limit)
Up to $200 per day for loss of earnings because of attendance at hearings/trials and the company’s request
Other reasonable expenses incurred by the insured at the company’s request
Exclusions under Part A
Damage to property owned or being transported by the insured
Damage to property rented to, used by, or in the care of the insured
BI to an insureds employees
Liability arising out of an insureds ownership or operation of a vehicle used as a public or livery conveyance; a taxi
Liability arising while the insured auto is being used in an auto business
BI or PD for which an insured is covered under a nuclear energy liability policy
Motorized vehicles with fewer than 4 wheels or designed for use off public roads
Vehicles used in prearranged racing or speed contests
25/50/25
$25000 per person BI
$50000 per accident BI
$25000 per accident PD
Part B- Medical Payments Coverage provides protection for…
Named insured, family members, and passengers in the named insureds auto for injuries received in an accident, regardless of who was at fault
Part B does not have coverage for injuries:
Sustained while occupying a vehicle with less than four wheels
Sustained while using a covered auto as a public or livery conveyance
That would be covered under workers comp
Sustained while occupying an uninsured auto OWNED BY THE INSURED OR FURNISHED FOR HIS REGULAR USE
Sustained while occupying an uninsured auto OWNED BY A FAMILY MEMBER OR FURNISHED FOR THE FAMILY MEMBERS REGULAR USE
Sustained while the insured is occupying a vehicle without the reasonable belief that he is entitled to do so
Sustained while occupying a vehicle that is being used in the insureds business
Caused by war or nuclear hazard
Sustained while occupying a vehicle located for use as a residence or premises
Sustained during prearranged racing or speed contests
Part C- Uninsured Motorists (UM) Coverage
Indemnifies the insured for BI only as a result of an accident with a legally liable uninsured motorist. Only compensatory damages are covered; punitive damages are specifically excluded.
3 conditions that must be met for a loss to be covered under Part A- Liability Coverage
Person involved must be an insured
The insured must be legally responsible
Damage must involve BI or PD and result from an auto accident
Part D- Coverage for Damage to Your Auto aka Physical Damage Coverage pays for
Direct and accidental loss to the named insureds covered auto or any nonowned auto against loss caused by
collision; or
other than collision (otc or comprehensive). Does not cover personal property inside the vehicle
Other Than Collision consists of what
Missiles/falling objects Fire Theft or larceny Explosion or earthquake Windstorm Hail, water, or flood V&MM Riot or civil commotion Contact with bird or animal Breakage of glass
PART D also provides transportation expenses coverage which pays up to ? per day to a max of ? for:
$20, $600
Transportation expenses incurred by insured due to physical damage losses to insureds auto; and
Loss of use expenses for which insured becomes legally responsible because of loss to a nonowned auto
For transportation expenses arising out of the total theft of the auto, there is a ?
Coverage continues until
48 hour waiting period before expenses will be paid
the auto is returned to use or the company pays for its loss
A non owned auto is
Any private passenger auto, pickup truck, trailer, or van not owned by or available for the regular use of the named insured or a family member, such as a short term rental car
If the named insured has a covered loss in a non-owned auto, the ?
Broadest coverage that applies to any of the insureds covered autos will apply to the nonowned auto
Part D excludes losses:
To an auto being used as a public or livery conveyance
Due and confined to wear and tear, freezing, mechanical or electrical breakdown, or road damage to tires
Caused by war or nuclear perils
To electronic equipment that reproduces, receives, or transmits audio, visual, or data signals (not equipment permanently installed in audio)
To tapes, records, disks, and other media used with the electronic equipment above
Due to destruction or confiscation by government or civil authorities
To a camper body, trailer, or motor home that is not listed in the declarations
To a nonowned auto when used by the name insured or family member without a reasonable belief that he is entitled to do so
To awnings, cabanas, or equip,met designed to create additional living space
To custom furnishings or equipment in a pickup or van
To radar or laser detection equipment
To nonowned autos being used by any person engaged in an auto business
To nonowned autos being used in any business
To any auto being used in a prearranged racing or speed contest
To an auto rented by the named insured or a family member if the rental agency is prohibited from recovering from the insured or a family member under the provisions of state law or rental agreement
Physical damage losses are reimbursed for
Actual cash value or the amount needed to repair or replace the property, whichever is cheaper
The most the policy will pay for loss to a nonowned trailer is
1500
Coverage for electronic equipment that is permanently installed in an area of the car that is not normally used by the manufacturer for this equipment is limited to
1000
Collision and other than collision coverage are usually written with a
Deductible that applies separately to each occurrence
Part C does not cover losses:
For BI sustained by an insured while occupying or when struck by an auto that is owned by the insured but not insured for uninsured motorists coverage under the policy
For BI sustained by a family meme we while occupying or when struck by an auto owned by the named insured that has primary uninsured motorists coverage under another policy
That are settled without the insurers consent of the settlement prejudices the insurers right to subrogate against the uninsured driver
That occur when the auto is being used as a public or livery conveyance
That occur while the insured is using an auto without the reasonable belief that he is entitled to do so
Part E- Duties After an Accident or Loss details
The duties of insureds following a loss
Part F- General Provisions establishes
Conditions for the coverage and describes the duties and obligations of the insured and insurer
At least ? days notice must be given if the policy is being canceled due to non payment of premiums or if cancellation occurs within the first ? days of the initial policy term
10
60
No renewal requires at least ? days notice
20
