Personal Auto

Question 0

In PAP what is Coverage A? and what does it cover?

Answer 0

Liability insurance-covers damages for bodily injury or property damage that an insured becomes legally responsible for because of an auto accident

Question 1

Limits of Liability

Answer 1

$25,000 per person for bodily injury
$50,000 per accident for bodily injury
$25,000 per accident for property damage

Question 3

In PAP what is Part B coverage? what does it do?

Answer 3

Medical payments - provides protection for the named insured family members and passengers in the name insures auto for injuries received in an accident regardless of who was at fault.

Question 4

In PAP what is Part D coverage? What does it do?

Answer 4

Coverage for damage to your auto also known as physical damages? It does not cover damage to insured person property such as house or rental , but covers for direct and accidental loss to the named insureds covered auto or any nonowned auto against loss caused by collision or other than collision also called comprehensive

Question 5

Part E Duties after an accident or loss

Answer 5

Duties after an accident or loss

Question 6

In PAP? what is part C coverage? and what does it provide?

Answer 6

Uninsured Motorists coverage - only provides compensatory damages are covered punitive damages are specifically excluded.

Question 7

Who is the name insured in PAP?

Answer 7

The name insured on the policy and the spouse as long as they live in the same house.

Question 8

How long is a spouse considered a name insured after a seperation?

Answer 8

For ninety days

Question 9

According to a PAP what does family member mean?

Answer 9

Any person related to the named insured who is a resident of the insureds household.

Question 10

In a PAP what is the difference between Bodily Injury and Property damage?

Answer 10

Bodily means bodily harm sickenss disease, and or death

Property means physical injur to destruction of or loss of tangible property

Question 11

In the PAP is a trailer covered?

Answer 11

YES

Question 12

What is covered in the declarations page of a PAP?

Answer 12

any wheeled motor vehicle, van or truck under a certain weight. (Farming is not considered a business)

Question 13

In the insured buys a new auto to add to his policy how long does he have to notify the insurer until it does not have coverage?

Answer 13

14 days unless the auto is replacing a car then the insured does not have to worry about it.

Question 14

In a PAP policy what are the three conditions that must be met in order for a loss to be covered under part A?

Answer 14

1) the policy only protects those who are insured 2) coverage only applies to damages for which the insured is legally responsible.
3) the damages must involve bodily injury or property damage and result from an auto accident

Question 15

Under a PAP who is insured?

Answer 15

the name insured and family , anyone insureds car with permission , other people or organ that share liab w/ an insured ,

Question 16

How much is awarded in the PAP policy for when the insured misses work to appear at court?

Answer 16

$200 a day

Question 17

`In a PAP policy if the insureds personal property is damaged in the car is the property covered?

Answer 17

Nope

Question 18

In a PAP policy what does the out of state provision provide?

Answer 18

It meets other states financial responsibilities and requirements by state laws.

Question 19

In summary what are some of the things excluded by under medical payments.

Answer 19

using the vehcile for any type of business, using the vehicle as a taxi , anything that might be covered under workers comp. (this is just to name a few0

Question 20

what are the typical limits for medical payments?

Answer 20

1k 2k 5k 10k

Question 21

In the insured his hit by one of his own cars that does not have insurance does he get coverage C?

Answer 21

No.

Question 22

Transportation expense is paid $20 dollars a day and up to $600. This is an additional expense under what coverage?

Answer 22

Coverage D

Question 23

In a PAP policy what does the no benefit to bailee mean?

Answer 23

It means that the bailee cannot benefit from the insurance policy if a loss occurs to the car while it is in the bailees possession.

Question 24

In a PAP what is the E and F conditions?

Answer 24

These are conditions that apply to the policy as a whole.

Question 25

In the PAP policy what is condition E?

Answer 25

it is the duties required after the accident.

Question 26

In the PAP policy under UM coverage what is the E condition?

Answer 26

to notify the insured promptly if there is a hit and run driver

Question 27

In the PAP policy under PD what must the insured do under the E condition?

Answer 27

The insured must take reasonable steps after a loss to protect a covered auto and its equipment from any further damage

Question 28

What is something the insurance company is permitted to do under the E condition?

Answer 28

the insurance company is allowed to inspect or appraise the property before its repair or disposal following a loss

Question 29

In a PAP what does Part F mean?

Answer 29

Part F is general provisions that establish conditions for the coverage and describes the duties and obligations of the insured and insurer

Question 30

What section gives the insurer subrogation rights?

Answer 30

Condition F

Question 31

Except for non payment of premium how many days must the insurer give the insured for cancelation?

Answer 31

20 days. 10 days if its for non payment of premium

Question 32

After a PAP policy has been in affect for more than sixty days what reasons can the insurer cancel for?

Answer 32

nonpayment of premium
material misrepresentation of obtaining the policy
a regular operator of the vehicle has had his drivers licences suspended

Question 33

If someone is under insured what does your insurance company cover?

Answer 33

The difference that the under insured can not cover

Question 34

What is a no fault law?

Answer 34

The insured driver is reimbursed by his ow insurance company for medical expenses and loss of wages regardless of who was at fault in the auto accident.(Subrogation under this is not permitted)

Question 35

What is a named non owner coverage?

Answer 35

An endorsement that may be issued to someone who does not own an automobile but drives borrowed or rented autos.

Question 36

What is an assigned risk plan?

Answer 36

A voluntary agreement between insurance companies licensed in a particular state. These companies agree to share the poor risks among themselve. each company accepts its share of assigned risk drivers according to size of the individual insurance company.

It gives poeple who might not of been able to obtain insurance because bad driving records insurance.

Question 37

What is the purpose of the MCS- 90 endorsment of motor carrier policies of insurance for public liability?

Answer 37

If provides proof that the company carries an amount of insurance required by the law

Question 38

Under the insuring agreement of a personal auto policy the insurer pays for medical expenses and funeral sercise incurred within how many years from the date of an accident?

Answer 38

3 years

Question 39

What type of endorsement would be used to insure a recreational vehicle under the personal auto policy?

Answer 39

Miscellaneous type vehicle endorsement

Question 40

Does comprehensive coverage pay for the over turning of an auto?

Answer 40

No it does not it only covers loss to a covered auto or its equipment for any cause except collusion overturn or upset.

Question 41

how soon must the insured file proof of loss for damage to property form an uninsured motorist?

Answer 41

60 days

Question 42

In New Mexico UM coeverage for property damage may inlcude an exclusion of no mor than the first…

Answer 42

$250 of loss