Owned autos - Study guides, Class notes & Summaries

In BAP what does liability section provide protection from claims for? CORRECT ANSWER-Bodily Injury and Property Damage for which insured is legally responsible for. In BAP physical damage section what type of protection? CORRECT ANSWER-provides coverage for damage to or loss of an insured's covered auto. What other BAP coverages can be added by endorsement? CORRECT ANSWER-Medical payments personal injury protection uninsured/underinsured motorist bodily injury and/or property damage l...

AP what does liability section provide protection from claims for? - Bodily Injury and Property Damage for which insured is legally responsible for. In BAP physical damage section what type of protection? - provides coverage for damage to or loss of an insured's covered auto. What other BAP coverages can be added by endorsement? - Medical payments personal injury protection uninsured/underinsured motorist bodily injury and/or property damage losses List all BAP Coverage Exposures? - Lia...

Muller's Floral Shop uses vans to deliver flowers and is insured with a business auto policy. It wants auto liability coverage on all autos, but medical payments, UM/ UIM, and physical damage coverage only on owned autos. Which symbols does Muller's insurance agent recommend for these coverages? symbol 2 for all vehicles and coverages symbol 7 for liability on owned vehicles; symbol 4 for medical payments, UM/UIM, and physical damage coverage A: symbol 1 for liability coverage on any auto; ...

Owned Autos correct answer: Eligible vehicles titled by the insured or acquired during the policy period Non Owned Autos correct answer: any private passenger auto, pickup van or trailer operated by or in the custody of the named insured or family member, but are not titled by or furnished for the regular use of the insured. Hired Autos correct answer: leased hired, rented or borrowed from someone other than an employee or partner Liability coverage protects the insured against loss ...

Commercial Casualty II – CISR Questions And Answers GRADED A!!! In BAP what does liability section provide protection from claims for? Bodily Injury and Property Damage for which insured is legally responsible for. In BAP physical damage section what type of protection? provides coverage for damage to or loss of an insured's covered auto. What other BAP coverages can be added by endorsement? Medical payments personal injury protection uninsured/underinsured motorist bodily in...

Commercial Casualty II – CISR Questions And Answers GRADED A!!! In BAP what does liability section provide protection from claims for? Bodily Injury and Property Damage for which insured is legally responsible for. In BAP physical damage section what type of protection? provides coverage for damage to or loss of an insured's covered auto. What other BAP coverages can be added by endorsement? Medical payments personal injury protection uninsured/underinsured motorist bodily in...

Florida 6-20 All Lines Adjuster Test| 276 questions| 50 Pages| With Complete Solutions Florida 6-20 All Lines Adjuster Test| 276 questions| 50 Pages| With Complete Solutions A public adjuster represents the interest of: A. The insurer B. The Insured C. The employer D. The interest of the general public - Correct Answer -B. The insured Which of the following is the type of report that indicates the initial results of a claim investigation? A. Field Report B. Interim Report C. Full Re...

Punitive damages are intended to do all of the following EXCEPT 1. compensate for actual financial losses. 2. discourage others from doing wrong. 3. discipline the insured. 4. make an example of bad behavior. - compensate for actual financial losses When an insured selects symbol 2 on the automobile declarations, indicating coverage for any auto titled to the insured, which of the following automobile types will be covered? 1. any auto 2. mobile equipment 3. owned autos only 4. ...

KY P&C Licensing Exam - Supplemental Information Already Graded A+ - Legal Duty Owed - Breach of Legal Duty Owed - Proximate Cause - Damages To establish negligence (in insurance), the following four factors must ALL be involved: (Insurance Carried / Insurance Required) x Amount of Loss = Amount of Reimbursement The formula for Proportional Replacement Cost is ____. 1 - Any Auto (Commercial Auto) Symbol ____: - Any auto the insured will use during the policy period, including autos tha...

In BAP what does liability section provide protection from claims for? - Bodily Injury and Property Damage for which insured is legally responsible for. In BAP physical damage section what type of protection? - provides coverage for damage to or loss of an insured's covered auto. What other BAP coverages can be added by endorsement? - Medical payments personal injury protection uninsured/underinsured motorist bodily injury and/or property damage losses List all BAP Coverage Exposure...