Which of the following is not eligible for coverage under the personal auto policy?

Which of the following perils is normally excluded from coverage in a personal auto policy?

Damage from wear and tear, freezing and mechanical breakdown, and electrical breakdown (unless resulting from total theft of the auto) are excluded.

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.

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

Which of the following is correct regarding uninsured motorists coverage under the personal auto policy?

Which of the following is correct regarding Uninsured Motorists Coverage under the Personal Auto Policy? The purpose of Uninsured Motorists Coverage is to provide coverage for an insured injured in an accident that is the fault of the operator of an uninsured motor vehicle.

Which of the following is not covered under uninsured motorist coverage?

Which of the following is not covered under Uninsured Motorist Coverage? A taxicab or other vehicle for hire is not eligible for coverage. Choose the physical damage claim that is covered under the Personal Auto Policy. This is covered under Other Than Collision.

Which of the following would not be classified as personal property for insurance purposes?

Which of the following would NOT be classified as personal property for insurance purposes? A house. The purpose of a stated value contract is: To per-establish the amount of coverage available for property items that are difficult to value.

Which of the following would not be considered part of the insured location under the liability section of a homeowners policy?

Which of the following would NOT be considered part of the insured location under the liability section of a homeowners policy? Dwelling replacement cost.

Which of the following vehicles is considered a temporary substitute auto under a personal auto policy?

The definition of "Temporary substitute auto" is changed to: "Temporary substitute auto" means an automobile, farm auto, trailer or vehicle, not owned by you, temporarily used with the permission of the owner.

What is a personal auto insurance?

Personal automobile insurance covers private passenger vehicles. It provides protection against economic loss to an insured from bodily injury or property damage to others (liability) arising from the operation, maintenance, or use of a covered automobile.

Which of the following personal auto coverages would pay for the insured's travel expenses and loss of earnings while involved in the settlement process of a covered loss?

Which of the following personal auto coverages would pay for the insured's travel expenses and loss of earnings while involved in the settlement process of a covered loss? Liability coverage.

Which of the following is considered supplementary payments on a personal auto policy?

Supplementary payments are normally defined to include such items as first aid expenses, premiums for appeal and bail bonds, pre- and post-judgment interest, and reasonable travel expenses incurred by the insured at the insurer's request when assisting in the defense of a claim.

Who is not insured for liability on a BAP?

(There is a business auto endorsement that will provide auto coverages to mobile equipment upon payment of additional premiums.) Who is NOT an insured for liability on a BAP? Correct! A business auto policy defines who is not an insured; the owner of a car the insured borrows is one of them.

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.

Which of the following coverages of a personal automobile policy provides collision and other than collision coverage?

Comprehensive coverage covers damages to your vehicle in certain situations. It's sometimes referred to as "other than collision" coverage.

What are the six parts of an auto insurance policy?

Six common car insurance coverage options are: auto liability coverage, uninsured and underinsured motorist coverage, comprehensive coverage, collision coverage, medical payments coverage and personal injury protection. Depending on where you live, some of these coverages are mandatory and some are optional.

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.

Which of the following would not qualify as a hired auto?

The definition of hired autos does not include any auto you lease, hire, rent or borrow from any of your employees. It also excludes vehicles you lease, hire, rent or borrow from any of your partners (if you are a partnership), members (if you are a limited liability company) or members of their households.

Which of the following is an insured duty in the event of a loss under the PAP?

Which of the following is an insured's duty in the event of loss under the PAP? The insured must cooperate with the insurer, promptly notify the insurance company of a loss, and immediately send legal papers to the insurer.

What is excluded in insurance?

Exclusion — a provision of an insurance policy or bond referring to hazards, perils, circumstances, or property not covered by the policy. Exclusions are usually contained in the coverage form or causes of loss form used to construct the insurance policy.

Which of the following does not need to be identified in an insurance policy?

Which of the following does NOT need to be identified in an insurance policy? C.) The insurer's financial rating. Rationale: An insurer's financial rating does not need to be specified in an insurance policy.