What are the three major parts of a personal auto policy?

• Liability Coverage. ...
• Collision and Comprehensive Coverage. ...
• Uninsured/Underinsured Motorist. ...
• Personal Injury and Medical Payment Coverage.

What are the areas covered in part a liability coverage in a personal automobile policy quizlet?

Part A. Bodily injury and property damage to others is covered under Part A--Liability to Others Coverage when the accident is due to the insured's negligence. A personal auto policy provides coverage for all for the following drivers of an insured car EXCEPT: A) the insured's spouse.

Which of the following is a feature of the personal automobile policy PAP )?

The personal auto policy (PAP) is a standardized design for auto insurance. These policies offer coverage for liability, medical payments, damage to the vehicle and damage from uninsured/underinsured motorists.

What is an ISO personal auto policy?

(ISO), for insuring private-passenger-type autos owned by individuals. The policy may be structured to provide a combination of liability, personal injury protection (PIP), medical payments, uninsured and underinsured motorists (UM/UIM), and physical damage coverages.

How many limits could be found in a personal auto policy?

Auto Liability Coverage limits are typically written out in three numbers, such as 100/300/50. This means you have a $100,000 limit per person for bodily injury in an accident, a $300,000 total limit per accident for bodily injury, and a $50,000 limit per accident for Property Damage.

What is a common name for Part D of the personal auto policy quizlet?

Coverage Part D of the personal auto policy addresses coverage for damage to the insured's auto, also known as physical damage coverage.

What is a common name for Part D of the personal auto policy?

Part D, also called Coverage for damage to your auto, provides protection for both your covered auto and any non-owned vehicle, such as borrowed or temporary substitute car.

What is an unendorsed auto policy?

An unendorsed dwelling policy offers limited property coverage. With an endorsed homeowners policy — alternately known as a policy rider — you can raise the limits and expand the scope of your home insurance to protect any value above and beyond your regular coverage.

Which of the following would not be covered under a personal auto policy?

The Personal Auto Policy may be used to insure all of the following, except: A motorcycle; A motorcycle would not be covered unless added by endorsement.

Which of the following would not be covered under liability section of a personal auto policy?

Under the liability portion of your policy, coverage is generally excluded in the following situations: Damage or injury is intentional. There is duplicate coverage (e.g., claims covered by workers' compensation)

Which of the following would not be eligible for coverage under a personal auto policy?

Which of the following is not eligible for a Personal Auto Policy? A vehicle used as a public or livery conveyance is not eligible for a Personal Auto Policy.

Which of the following is a general exclusion under Section I of the homeowners 3 policy?

Which of the following is a general exclusion under Section I of the Homeowners 3 policy? Losses due to the failure of the insured to use all reasonable means to save and preserve property after the time of a loss.

Which of the following coverages under the personal auto policy protects the insured against drivers who do not have adequate auto liability insurance limits?

Which of the following coverages under the Personal Auto Policy protects the insured against drivers who do not have adequate auto liability insurance limits? Underinsured Motorist Coverage -- Uninsured Motorists Coverage applies only when the at-fault driver is uninsured.

Which of these would be covered by the medical payments coverage in a personal auto policy?

Medical payments coverage can help with medical expenses associated with an auto accident — for you, your passengers and any family members driving the insured vehicle at the time of the accident — no matter who is at fault. It typically covers doctor visits, hospital stays, surgery, X-rays and other medical bills.

What is considered part of the policy structure?

Most policies consist of four parts: declarations, insuring agreements, conditions, and exclusions.

Which of the following is a mandatory part of an insurance policy?

The part of an insurance contract that varies with each individual policy, but is still a mandatory part of the policy, is the: Declarations - The Declarations section of the policy contains specific information about the insured, and thus will vary by policy, even when the type of coverage provided is the same.

What are the two main sections of a renters insurance policy?

There are two ways in which renters insurance reimburses—actual cash value, which pays what the property was worth at the time of damage, and replacement cost, which pays the full cost of replacing the items with new ones.

Which of the following coverages is automatically included in a basic auto policy?

While different states mandate different types of insurance and there are several additional options (such as gap insurance) available, most basic auto policies consist of: bodily injury liability, personal injury protection, property damage liability, collision, comprehensive and uninsured/underinsured motorist.

What does full coverage car insurance consist of?

Full coverage car insurance is a term that describes having all of the main parts of car insurance including Bodily Injury, Property Damage, Uninsured Motorist, PIP, Collision and Comprehensive. You're typically legally required to carry about half of those coverages.

What are the 5 parts of an insurance policy?

Every insurance policy has five parts: declarations, insuring agreements, definitions, exclusions and conditions. Many policies contain a sixth part: endorsements.