*TB - Personal Auto Insurance Flashcards
Damage to a windshield by a bird would be covered under:
Collision
Comprehensive
Liability
All of the above
Comprehensive
The insured is hit in the rear while stopped at a traffic light. The insureds company pays for his repairs then seeks reimbursement from the responsible party. This is described as:
Subrogation
Reimbursement
Arbitration
Appeal
Subrogation
The personal auto policy provides coverage in all of the following locations, except:
Hawaii
Mexico
Canada
Alaska
Mexico
Ms. Poster carried 15/30/5 limits on an auto when he negligently ran into a parked car containing three occupants resulting in the following claims:
Tom - B.I. - $18,000 and P.D. - $8,000
Dick - B.I. - $8,000
Harry - B.I. - $4,000
In addition to these settlement awards, there was $18,000 in legal fees. In response to this accident, Pfister’s PAP will pay:
$32,000
$38,000
$50,000
$68,000
$50,000
This is an example of a split limit claim.
Payment is a follows:
Tom $15,000; PD $5,000
Dick $8,000
Harry $4000
Totals - $32,000
The defense costs ($18,000) are covered and paid by the insurer, which brings the total to $50,000
After a loss, the insured must:
Notify the company
Permit the company to inspect a damaged auto before repairs are started
Submit to physical exam if needed
All of the above
All of the above
All of the following are Physical Damage exclusions, except:
Loss to vehicle used as a liver
Damage due to wear and tear
Loss to audio tapes
Loss to permanently installed car telephone
Loss to permanently installed car telephone
The insurers will pay transportation expenses under the PAP beginning ___________ after a theft of the insured automobile.
24 hours
48 hours
72 hours
96 hours
48 hours
Under the PAP, the insurer will pay for transportation expenses up to which of the following amounts?
$10 per day; $300 maximum
$20 per day; $500 maximum
$15 per day; $300 maximum
$20 per day; $600 maximum
$20 per day; $600 maximum
A c, traveling at high speed, skids at a turn and Rollins over. The damage incurred would be covered under which of the following personal auto coverages?
Collision
Comprehensive
Uninsured motorist
P.D. Liability
Collision
A stolen car is covered under which of the following personal auto coverages?
Collision
Comprehensive
Uninsured motorist
P.D. Liability
Comprehensive
As a result of an auto accident, the insured sustained bodily injury worth $50,000.
The responsible party carried auto liability insurance in the amount of $15/30/5. The insureds $100,000 under insurance coverage would pay:
$15,000
$35,000
$50,000
$100,000
$35,000
The purpose of underinsured motorist coverage is to pay the difference in the amount payable by the negligent party and the actual damages sustained by the insured
The purpose of “underinsured motors” coverage is to:
Provide coverage for a “hit-and-run” driver
Pay for injuries sustained by insured who have been injured when the at fault driver carries auto limits less than the financial responsibility of the state in which the insured was injured
Provide coverage for the insured when the at fault driver carries less coverage than that needed to pay for the insureds injuries
Provide coverage when the at-fault drivers insurance company denied the claim
Provide coverage for the insured when the at fault driver carries less coverage than that needed to pay for the insureds injuries
An uninsured motor vehicle includes:
An insured vehicle whose insurer denies coverage
An insured vehicle whose insurers becomes insolvent
A “hit and run” vehicle
All of the above
All of the above
The PAP Medical Payments cover:
The insured as driver
A passenger
The insured as pedestrian
All of the above
All of the above
Under the PAP Medical Payments, the time limit for incurring medical expenses is:
6 months
1 year
2 years
3 years
3 years
The PAP liability coverage excludes all of the following, except:
Intentional
Damage to insured property
Damage to property of others in the insureds care
Damage to property of others due to the insureds motor vehicle negligence
Damage to property of others due to the insureds motor vehicle negligence
All of the following are considered under the PAP, except:
Any person using the insured auto
A family member using the insured auto
Any organization the insured represents
Any person using an auto not owned by the insured
Any person using an auto not owned by the insured
An auto liability policy with splits limits 15/30/5 would pay what maximum amount in the even if a covered bodily injury loss to three people?
$5,000
$15,000
$30,000
$45,000
$30,000
The limit of $30,000 is the max that can be paid for all injured persons and no more than $15,000 per person
An auto liability policy with split limits of $10/20/5 would pay how much in the event of a $10,000 loss to the other persons damaged vehicle?
$0
$5,000
$10,000
$20,000
$5,000
An auto liability policy with a single limit of $30,000 would pay which of the following amounts in the even of a $10,000 loss to the insured vehicle and a $25,000 bodily injury settlement to a third party?
$10,000
$25,000
$30,000
$35,000
$25,000
In this question we are not concerned about the damage to the “insureds” vehicle but rather the coverage that would apply under the liability portion of the PAP
Under the PAP, a covered auto includes all of the following, except:
Temporary substitute
Non-owned auto
Private passenger auto listed in the declarations
An owned trailer
Non-owned auto
Leased vehicles can be covered under the PAP if they are leased for a minimum of:
30 consecutive days
60 consecutive days
6 consecutive months
1 year
6 consecutive months
A deer crashes into the side of the insureds car. Which of the following PAP’s coverages would cover this damage?
Property damage liability
Collision
Uninsured motorist property damage
Comprehensive
Comprehensive
Which of the following would be covered under a PAP?
A truck the insured rented that is over 10,000 gross vehicle weight
A three wheeled vehicle used in a medical emergency
A motor cycle
A large rented motor home
A three wheeled vehicle used in a medical emergency
An uninsured motorist vehicle under the personal auto policy includes all of the following except:
Hit and run vehicle whose driver can not be identified
A vehicle newly acquired by the named insured
A vehicle insured by the company that is insolvent
A vehicle to which no liability bond or insurance policy provides coverage at the time of the accident
A vehicle newly acquired by the named insured
What is the limit for damage to a non-owned trailer under the personal auto policy?
$500
$1,000
$1,500
$2,000
$1,500
