Owned autos - Study guides, Class notes & Summaries

NEW YORK INDEPENDENT GENERAL ADJUSTER EXAM SIMULATOR - SERIES 17-70 || Complete Questions & Answers (100% Verified) NEW YORK INDEPENDENT GENERAL ADJUSTER EXAM SIMULATOR - SERIES 17-70 || Complete Questions & Answers (100% Verified) Which of the following would NOT be found in the conditions section of a homeowners insurance policy? Subrogation rights Duties of the insured Insurance premium Mortgagee clause - ANSWER - The insurance premium is not shown in the conditions section of th...

1. Eligibility Requirements for an ISO Personal Auto Policy: 1. Ownership 2. Type of Vehicle 3. Usage In addition to meeting the eligibility requirements, clients must also meet the insurance company's underwriting requirements. Since underwriting requirements differ among insurance companies, company specific underwriting requirements are not part of this course. One more note regarding eligibility. It is important not to confuse eligibility with coverage, as eligibility does not determin...

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. - ANSWER 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 ...

Auto o A land motor vehicle; trailer or semitrailer designed for travel on public roads o Land vehicle subject to a compulsory, financial responsibility, or other motor vehicle insurance law where licensed or principally garaged o Does not include mobile equipment as defined Trailer Includes semitrailer Mobile equipment o Paragraph 6 of the definition specifically identifies several types of self‐propelled vehicles that are considered autos and not mobile equipment o a. Sel...

Commercial Casualty II – CISR Questions and Answers 100% Pass 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...

Commercial Casualty II – CISR Questions and Correct Answers 2024/2025 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 pro...

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...

Which of the following would NOT be found in the conditions section of a homeowners insurance policy? Subrogation rights Duties of the insured Insurance premium Mortgagee clauseAnswer - The insurance premium is not shown in the conditions section of the homeowner policy. Which of the following is true regarding dealers physical damage coverage under a garage policy? It is a blanket limit for covered autos. It extends coverage to customers' autos. It is an annual maximum limit...

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. ...

Commercial Casualty II – CISR Exam Questions and Answers 100% Pass 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 payment...