100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
RMIN 4000 UGA test 3 Questions and Correct Answers | Latest Update $13.09   Add to cart

Exam (elaborations)

RMIN 4000 UGA test 3 Questions and Correct Answers | Latest Update

 6 views  0 purchase
  • Course
  • RMIN 4000
  • Institution
  • RMIN 4000

Auto Insurance -:- -6 or 12 month policy -premiums usually paid monthly or quarterly 5 general types of auto coverage -:- 1. liability 2. damage 3. uninsured motorist 4. medical payments 5. convenience coverage Personal Auto Policy (PAP) -:- --3rd party coverages (payments to some...

[Show more]

Preview 4 out of 46  pages

  • September 20, 2024
  • 46
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • RMIN 4000
  • RMIN 4000
avatar-seller
TestTrackers
2024 /2025 | © copyright | This work may not be copied for profit gain Excel!




RMIN 4000 UGA test 3 Questions and
Correct Answers | Latest Update
Auto Insurance


✓ -:- -6 or 12 month policy

✓ -premiums usually paid monthly or quarterly




5 general types of auto coverage


✓ -:- 1. liability

✓ 2. damage

✓ 3. uninsured motorist

✓ 4. medical payments

✓ 5. convenience coverage




Personal Auto Policy (PAP)


✓ -:- --3rd party coverages (payments to someone else):

•Part A: Liability Coverage (required by state)


--1st party coverages (payments to you):


•Part B: Medical Payments Coverage


1|P a g e | G r a d e A + | 2 0 2 0 2 5

,2024 /2025 | © copyright | This work may not be copied for profit gain Excel!



•Part C: Uninsured Motorists Coverage


•Part D: Coverage for Damage to Your Auto


--Other provisions:


•Part E: Duties after an Accident or Loss


•Part F: General Provisions




What vehicles are covered?


✓ -:- •Any vehicle shown in the declarations

•A newly acquired vehicle (notify insurer ASAP, definitely within 14 days)


•A trailer owned by the named insured


•A temporary substitute vehicle, which is a non-owned auto or trailer used temporarily

because of mechanical breakdown, repair, servicing, loss, or destruction of a covered vehicle




damage coverage


✓ -:- damage to your vehicle




uninsured motorist coverage




2|P a g e | G r a d e A + | 2 0 2 0 2 5

,2024 /2025 | © copyright | This work may not be copied for profit gain Excel!



✓ -:- 3rd party without insurance causes BI to you or your passengers




medical payments coverage


✓ -:- BI to you or your passengers




Convenience Coverage


✓ -:- towing, rental reimbursement, etc.




Part A: Liability Coverage


✓ -:- •Required by state law

•There is a duty to own, maintain and operate your vehicle in a manner that does not injure

others or damage their property.


•If you fail in that duty - even accidentally - you are responsible for injuries / damages to

others.


•Insuring agreement- insurer pays any damages for PI or BD for which any insured is legally

responsible because of an auto accident




Part A: Who is covered?


3|P a g e | G r a d e A + | 2 0 2 0 2 5

, 2024 /2025 | © copyright | This work may not be copied for profit gain Excel!



✓ -:- •The named insured and any resident family member

•Any person using the named insured's covered auto with permission


•Any person or organization legally responsible for any insured's use of a covered auto on

behalf of that person or organization


oEx: Employer is sued if you get in an accident while on a work trip


oDoes not apply if you're driving a company car




Part A: Relevant Exclusions


✓ -:- •Intentional injury or damage

•Property owned or transported by the insured


•Property rented, used, or in the insured's care


•Use as a public or livery conveyance


•Using a vehicle without reasonable belief the person is entitled to do so


•Vehicle with fewer than four wheels


•Vehicle furnished for the named insured's regular use




Part A: Limits




4|P a g e | G r a d e A + | 2 0 2 0 2 5

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller TestTrackers. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $13.09. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67096 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$13.09
  • (0)
  Add to cart