Which of the following would be considered an uninsured vehicle?
Asked by: Prof. Landen Bradtke | Last update: February 21, 2025Score: 4.9/5 (51 votes)
Which of the following is considered an uninsured vehicle?
A hit-and-run vehicle can't be identified and is therefore considered uninsured.
Which of the following would be considered a named insured?
The Named Insured is the person (or people) or business (or businesses) actually named in the policy. There can be more than one named insured, and you can usually find these on the first page. In most cases, the business will be the only named insured, but the owners or subsidiaries can also be Named Insureds.
Which of the following vehicles would not be considered your covered auto under an unendorsed personal auto policy?
Explanation: The vehicle that cannot be insured under an unendorsed personal auto policy is motorcycles. Personal auto policies are typically designed for standard passenger vehicles, including cars, SUVs, and light trucks.
Which of the following losses would be paid under uninsured motorist coverage?
Uninsured/underinsured motorist bodily injury is designed to cover you and the people in your car for medical bills, lost wages and pain and suffering if you're in an accident caused by someone who doesn't have insurance or enough insurance.
Why would you need to buy uninsured motorist coverage? | Why Guy
What is uninsured motorist coverage?
Key Takeaways. Uninsured motorist coverage (UM) is a type of car insurance that pays for injuries and damages caused by an uninsured driver. Uninsured motorist coverage also pays for you and your passengers' medical bills and diminished value if your car has a lower value due to the accident.
What are examples of uninsured losses?
Storage costs. Lost earnings. Private medical costs. Recovery of costs of personal possessions.
Which vehicle would not be covered under a personal auto policy with no added endorsements?
Which vehicle would not be covered under a Personal Auto Policy with no added endorsements? A (Vehicles that have fewer than four wheels are excluded from coverage, but may be added to the policy under a Miscellaneous Type Vehicle endorsement.)
Which of the following is defined as the failure to act in a reasonable and prudent manner?
negligence. Negligence is the failure to behave with the level of care that a reasonable person would have exercised under the same circumstances.
Which vehicle would not be eligible for coverage under an unendorsed business auto coverage form?
Which vehicle would not be eligible for coverage under an unendorsed Business Auto Coverage Form? Being mobile equipment, a forklift is not eligible for Business Auto coverage, other than by endorsement. The transportation of mobile equipment, however, is covered by the form.
What is considered under insured?
Being "underinsured" means a person has insurance coverage, but the limits may not be high enough to cover the full expenses of a claim.
What is an example of a named insured?
For example, if you're a small business owner who purchases restaurant insurance for your business, Tom's Tacos Inc., then Tom's Tacos Inc. would be the named insured. An insurance contract can have more than one named insured, such as owners or subsidiaries of a business.
Which of the following is not considered an insured contract under the commercial general liability policy?
It provides insurance coverage for certain types of liability assumed under a contract. Examples of insured contracts include contractual liability, lease of premises, and sidetrack agreements. However, a workplace agreement is not considered an insured contract under the CGL policy.
Who is not considered an insured?
Independent contractors, for instance, are usually not considered insured. They are generally required to have their own insurance coverage. Similarly, vendors or clients benefiting from your services might not be covered unless explicitly added as Additional Insureds.
Which of the following is not liability coverage?
The type of coverage that is NOT a major type of liability coverage in a standard auto insurance policy is Collision. Liability coverage typically includes bodily injury and property damage, but collision coverage is for your own vehicle's damages when you are at fault.
Who would be considered an insured under a personal auto policy?
Payment can be made for expenses incurred within three years from the date of the accident. The insured is the named insured and family members and any other person injured while occupying a covered auto. Pedestrians or cyclists are also considered insureds when struck by a vehicle.
What is considered a failure to act?
A failure to act definition is when a person or party has a duty to perform a certain act but does not end up doing so. 3 min read updated on January 01, 2024. A failure to act definition is when a person or party has a duty to perform a certain act but does not end up doing so.
What are the four elements of negligence?
The Four Elements of Negligence Are Duty, Breach of Duty, Damages, and Causation.
Which term is defined as an act or a failure to act that is so reckless it shows a conscious voluntary disregard for the safety of others?
gross negligence. Gross negligence is a lack of care that demonstrates reckless disregard for the safety or lives of others, which is so great it appears to be a conscious violation of other people's rights to safety.
Which of the following vehicles is not a your covered auto in the personal auto policy?
Vehicles Not Covered by a PAP
Motorcycles and other vehicles with fewer than 4 wheels and generally, cannot be added as an endorsement.
What is a non-owned vehicle in insurance?
By Allstate. Last updated: March 2024. Non-owner car insurance is a type of auto insurance policy designed for individuals who do not own a vehicle but may occasionally drive or use cars they don't own.
Which of the following is not included in the definition of an auto under a commercial auto policy?
In general, mobile equipment is not included in the policy's definition of auto.
What is considered uninsured?
Broadly, people are considered uninsured if they do not have coverage under private health insurance, Medicare, Medicaid, public assistance (through 1996), Children's Health Insurance Program (CHIP), a state-sponsored or other government-sponsored plan or program, or a military health plan.
What losses are not insurable?
Uninsurable risk is a condition that poses an unknowable or unacceptable risk of loss for an insurance company to cover. An uninsurable risk could include a situation in which insurance is against the law, such as coverage for criminal penalties.
What is an example of an uninsured peril?
Some examples of uninsured perils
Pre-existing damage before the policy is taken out. Damage caused by roots or weeds. Damage caused by pests, damp, mould or rot. The cost of maintenance or reasonable measures that you must take to prevent damage or loss.