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Terms in this set (33)
What is the most underinsured personal risk?
what is the most misunderstood personal coverage?
Part A of PAP:
Part B of PAP:
Medical payments coverage
Part C of PAP:
Uninsured motorists coverage
Part D of PAP:
Coverage for damage to your auto
Part E of PAP:
Duties after an accident or loss
Part F of PAP:
What is the most important PAP coverage (and the only state mandated coverage)
Part A liability coverage
The insurer agrees to pay for bodily injuries and property damage for which the insured is legally responsible. The insurer also covers legal defense costs and other reasonable expenses
Part A liability coverage
How is liability coverage quoted?
with split limits (50/100/25)
What are the first two limits for in liability coverage?
bodily injury liability
What is the last limit for in liability coverage
property damage liability
Is someone using a vehicle with the insured's permission covered?
with regard to an owned auto, liability losses are settled on a ...
pro rata basis
For non owned autos, insurance on the car is ________, insurance on the driver is ________.
Important exclusions of Part A coverage
property in the insureds care
bodily injury to an employee
vehicles with fewer than four wheels
no reasonable belief of permission
Who does the Part B medical payment benefit cover?
the named insured and passengers, and insureds when they are pedestrians
How long are medical and funeral expenses paid without regard to fault after an accident?
Up to three years
What does uninsured motorist (part C) coverage protect against?
Drivers who don't have liability coverage
UM pays compensatory damages like...
pain and suffering
applies only if the other driver is legally liable and in three situations: uninsured drivers, hit and run drivers, and if the other drivers insurance company is insolvent
Important UM exclusion?
settling claim without insurers consent
What are the two optional coverages provided under Part D? (damage to your auto)
other than collision loss
upset of the covered auto or impact with another vehicle or an object
Which claims are paid without regard to fault?
all risk coverage for other physical damage to the vehicle
other than collision
For PAP, the liability of the insurer is the lesser of...
2) amount necessary to repair or replace vehicle
Provides for loss of use in the form of transportation expenses
Part D coverage
Part D excludes...
mechanical breakdown losses and wear and tear
Losses to sound equipment not permanently installed
Custom furnishings and equipment
Pays the difference between the amount owed and the loss settlement if you owe more on a car than its worth
Part E: duties after a loss?
Determine if there are injuries requiring medical care
If so, call police
Exchange info with other drive, contact agen
Do not admit fault
Part F: general provisions, where does it apply?
Coverage applies in US and canada but not mexico
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