Exam (elaborations)
PERSONAL LINES INSURANCE – AUTO-10
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PERSONAL LINES INSURANCE – AUTO-10
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PERSONAL LINES INSURANCE – AUTOWhich of the following may be covered under the Physical Damage insuring agreement
of a Personal Auto Policy? - Answers-Loss of a CD player installed in the vehicle
dashboard.
The collision coverage of a Personal Auto Policy does not cover the following loss
situations, EXCEPT - Answers-Large limbs and branches of a tree that have fallen into
the street as a result of a windstorm. The insured collides with them.
To be covered for a hit and run accident under the Uninsured Motorist Property Damage
coverage of a PAP, what is required to be provided to the insurer? - Answers-License
number of the hit and run vehicle.
Which of the following coverages may you buy with a named operator policy? -
Answers-Liability, uninsured motorist, medical payments, collision, and other-than-
collision.
The PAP collision deductible is $1000, and the other-than-collision deductible is $500.
How much would the insurer pay for an accident involving the overturn of one vehicle,
resulting in $2000 of damage? - Answers-$1000
Car "A" is in an accident with car "B". "A" suffers $10000 of damage, but it is determined
that "A" is 25% responsible for the accident. How much would "A" receive under
comparative negligence rules? - Answers-$7500
Under California financial responsibility law, the minimum financial responsibility for
accidents that involve several people injured in one accident is: - Answers-$30,000
What is the limit per day for transportation expenses in an unendorsed Personal Auto
Policy, in the event of theft, after it is reported and automobile is not returned within 48
hours of theft? - Answers-$20
An insured has a Personal Auto Policy and did not pay the initial insurance premium
when it was due. Insurer cancels the policy for non-payment. How many days notice
must the insurer give? - Answers-10 days
If an individual does not own an auto, nor have regular use of an auto, what
endorsement to a Personal Auto Policy could be used to properly protect that
individual? - Answers-Named non-owned coverage.
What coverage is available under the miscellaneous type vehicle endorsement? -
Answers-All coverage under the Personal Auto Policy.
, If an insured purchases an all-terrain vehicle (ATV), what endorsement can be added to
the Personal Auto Policy to insure the vehicle? - Answers-Miscellaneous type vehicle
endorsement.
Under an unendorsed Personal Auto Policy, transportation expense coverage applies
to: - Answers-Theft only losses.
In the event of recovery of stolen property, which of the following is an insurer's option
when making a settlement with the insured under a Personal Auto Policy? - Answers-
Return stolen property to the address shown in the policy.
Under an unendorsed Personal Auto Policy, what coverage is available for personal
effects? - Answers-None of the above. All personal property in the auto up to $500.
Luggage and clothing up to $500. Luggage up to $200.
What is the minimum discount percentage for the "good driver" discount? - Answers-
20%
What is one of the principle rating factors under Proposition 103 allowed for personal
auto policies? - Answers-Safety driving record.
The Personal Auto Policy towing and labor endorsement pays for: - Answers-The cost of
labor only if the labor is performed at the place of disablement.
Which of the losses listed would be covered under Dick's Personal Auto Policy other-
than-collision? - Answers-Someone shoots Dick's car rear window while the care is
parked on the street overnight.
Max's Personal Auto Policy (PAP) has liability and collision coverage. His neighbor's car
has liability coverage only. Max borrows his neighbor's car to go to the store and has an
accident that is his fault. He damages his neighbor's car and another car. Max's PAP
provides: - Answers-Liability coverage that is excess of his neighbor's liability coverage.
His collision coverage also applies, but on a primary basis.
If a motor home is scheduled on a miscellaneous type of vehicle endorsement, all of the
following property is covered, EXCEPT: - Answers-Luggage.
When does a Personal Auto Policy require the insured to notify the police? - Answers-
For hit & run accidents and thefts.
When an automobile insurance policy is canceled at the request of the insured, and the
insurance company keeps all earned premiums, in addition to an amount to pay for
overhead expenses incurred by the insurer, it is referred to as what type of cancellation?
- Answers-The short rate type of cancellation.
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