Personal Auto Insurance Flashcards

1
Q

Who is insured under Part A?

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

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2
Q

Supplementary payments include:

A

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

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3
Q

Exclusions under Part A

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

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4
Q

25/50/25

A

$25000 per person BI
$50000 per accident BI
$25000 per accident PD

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5
Q

Part B- Medical Payments Coverage provides protection for…

A

Named insured, family members, and passengers in the named insureds auto for injuries received in an accident, regardless of who was at fault

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6
Q

Part B does not have coverage for injuries:

A

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

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7
Q

Part C- Uninsured Motorists (UM) Coverage

A

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.

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8
Q

3 conditions that must be met for a loss to be covered under Part A- Liability Coverage

A

Person involved must be an insured

The insured must be legally responsible

Damage must involve BI or PD and result from an auto accident

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9
Q

Part D- Coverage for Damage to Your Auto aka Physical Damage Coverage pays for

A

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

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10
Q

Other Than Collision consists of what

A
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
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11
Q

PART D also provides transportation expenses coverage which pays up to ? per day to a max of ? for:

A

$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

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12
Q

For transportation expenses arising out of the total theft of the auto, there is a ?

Coverage continues until

A

48 hour waiting period before expenses will be paid

the auto is returned to use or the company pays for its loss

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13
Q

A non owned auto is

A

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

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14
Q

If the named insured has a covered loss in a non-owned auto, the ?

A

Broadest coverage that applies to any of the insureds covered autos will apply to the nonowned auto

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15
Q

Part D excludes losses:

A

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

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16
Q

Physical damage losses are reimbursed for

A

Actual cash value or the amount needed to repair or replace the property, whichever is cheaper

17
Q

The most the policy will pay for loss to a nonowned trailer is

A

1500

18
Q

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

A

1000

19
Q

Collision and other than collision coverage are usually written with a

A

Deductible that applies separately to each occurrence

20
Q

Part C does not cover losses:

A

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

21
Q

Part E- Duties After an Accident or Loss details

A

The duties of insureds following a loss

22
Q

Part F- General Provisions establishes

A

Conditions for the coverage and describes the duties and obligations of the insured and insurer

23
Q

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

A

10

60

24
Q

No renewal requires at least ? days notice

A

20

25
Q

Uninsured motorist coverage

A

Pays the difference between the insureds actual damages for BI and the amount of liability insurance carried by the driver who was at fault, up to the limits of the insureds underinsured motorists coverage

26
Q

Labor must be performed at

A

The place of disablement. Work performed once it’s moved is not covered

27
Q

Other Sources of Recovery

A

Insurer will only pay its share of the loss of any other source of recovery, not just insurance, applies to the loss

28
Q

No benefit to Bailee condition states that

A

A Bailee cannot benefit from the insurance policy if a loss occurs to the car while it is in the Bailee’s possession.

Example of Bailee’s are repair shop owners and employees of parking garages

29
Q

Policy terms may not be changed or waived except by

A

Written endorsement

30
Q

What type of endorsement is added to cover things like motorcycles, mopeds, motor homes, golf carts

A

Miscellaneous type vehicle endorsement

31
Q

Extended nonowned coverage- vehicles furnished or available for regular use endorsement

A

Expands the extensive coverage automatically provided under the personal auto policy for the insured and the family whole driving cars other than the insureds covered autos

32
Q

The excess electronic equipment endorsement has 2 purposes. They are

A

Adds coverage to tapes, records, and disks

Increases the limit of insurance for electronic equipment that is permanently installed in an area of the auto not normally used for installing this equipment

33
Q

What are the 4 coverages

A

Liability
Medical payments
Uninsured motorists
Coverage for damage to your auto