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Exam 4 Automobile Physical Damage Adjusting & Mechanical Breakdown Coverage exam (passed)
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Exam 4 Automobile Physical Damage Adjusting & Mechanical Breakdown Coverage exam (passed)
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Exam 4:Automobile
Physical Damage
Adjusting &
Mechanical
Breakdown
Coverage exam
(passed)
Connie purchases a previously owned 2018 Toyota
Camry with 27,000 miles on 10/1/2018. She adds
the car to her PAP with $100,000 Liability limits,
Collision with a $500 deductible, Comprehensive
with a $250 deductible, Towing and Labor with a
maximum limit of $75.00, and Mechanical
, Breakdown coverage with a $100 deductible, good
for 12 months or 12,000 miles, whichever comes
first. On 9/25/2019 Connie's car breaks down while
on her way in to work, leaving her stranded on the
interstate until her husband picks her up. He has a
friend tow the car to his home where it sits for a
week while Connie is out of town on a business
trip. On 10/5/2019, after Connie returns home, she
calls the local repair shop and has the vehicle
towed in for diagnosis and repair. She learns that
the repair job will cost $2,462.00 and that it is not
covered under warranty. After repairs are
complete, the repair shop gives Connie a bill for
$2, - answer $2,362.00
In Texas, when is a vehicle considered to be a
"total loss"? - answer When the cost of repair
exceeds the actual cash value of the vehicle
Bryce received his first car at age 16, a 2012 Ford
Focus. His parents' Personal Auto Policy has full
coverage with Liability limits of
$100,000/$300,000/$100,000, Med Pay of $5,000,
Basic PIP, Additional PIP of $25,000, Extended PIP,
stacked UM at the same levels as the liability
limits, Collision with a $500 deductible and
Comprehensive with no deductible. Bryce's car,
valued at $6,000.00, is added to the policy and
insured for the policy's existing Liability, Med Pay,
PIP and UM limits only. Bryce [permanently]
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