Section 2: Lesson 4 The Business Auto Policy

Question 1

What kind of customer is a garage keeper’s policy designed for?

Answer 1

An insured who is engaged in the business of selling, servicing, repairing, parking, or storing automobiles

Question 2

ABC company has a Business Auto policy with Symbol # 1 indicated for Liability coverage. Which autos are voted under the policy?

Answer 2

Any auto

Question 3

If a customer wants to make sure all of his “owned” vehicles are viewed for physical /damage: Collision coverage , what Business Auto coverage symbol would he need to hav eon his policy for this designated coverage?

Answer 3

Symbol #2 for owned vehicles

Question 4

The injury to Mels wrist was more serious than the he thought. A year later was out of work and the doctor was considering an amputation of the lower arm. Mell finds out the driver of the other vehicle was uninsured and wants to file a claim under Jack’s Um coverage. Is there UM coverage for Mel’s injury?

Answer 4

Mels UM claim would be covered under the UM coverage of jack’s policy. The policy would respond to the extent that the other driver was legally responsible for the accident and Mel’s sequent injuries.

Question 5

Which coverage symbols #1 or #21 are used to describe autos for which coverage is provided under the Business Auto or Garage Policies, to which type of autos are the symbols referring?

Answer 5

Any auto

Question 6

Which of the following symbols is used to provide coverage for Specifically described auto under a Business auto policy?

Answer 6

7

Question 7

Harolds auto repair has a garage keeper policy to cover then business commercial auto exposers. After reviewing his policy he notices the symbol #22 next to the liability, physical damage: cop , and physical damage: collision coverage. What does this symbol mean?

Answer 7

Owned autos only