Personal auto policy pap - Study guides, Class notes & Summaries

Personal Lines Insurance Practice Exam Questions and Answers Graded A+ Bobby, age 16, borrows his parents' car without their permission and gets into an accident. Which of the following statements about coverage under the parents' personal auto policy is CORRECT? A) Bobby is covered by his parents' policy because he is included in the definition of named insured. B) Bobby is not covered for this accident because he used the car without permission. C) Bobby is not covered because i...

An employee has been asked to use his own personal vehicle to perform certain tasks on behalf of his employer. What coverage is used under the business auto policy to protect the employer for lawsuits when the employee has an accident that causes legal action against the employer? - Employers nonownership coverage. This coverage protects the employer and not the employee. The employee is covered under his own PAP policy. Replacement cost coverage is best defined as: - Replacement without ded...

Guarantee ExamFX, Idaho Personal Lines Simulation Exam with Complete Solutions In the last 72 hours, there were 3 instances of volcanic eruptions that damaged a property covered by a dwelling policy. How many deductibles will the insured have to pay before the policy covers the damages caused by the eruptions? 1. Zero 2. One 3. Two 4. Three one In a personal auto policy (PAP), a covered auto includes all of the following EXCEPT 1. A trailer owned by the insured. 2. A farm i...

AINS 102 Questions And Answers Latest Graded A+. All of the following items are examples of personal property, EXCEPT: Select one: A. Sports equipment B. Silverware C. A fishing boat D. Underground pipes:  Underground pipes 2. Which one of the following statements regarding assets exposed to loss is true? Select one: A. Real property includes only tangible property.Correct. All real property is tangible property having a physical form that can be seen or touched. Personalprop...

RMIN 4000 UGA Test 3| Questions and AnswerAuto Insurance - ANSWER--6 or 12 month policy -premiums usually paid monthly or quarterly 5 general types of auto coverage - ANSWER-1. liability 2. damage 3. uninsured motorist 4. medical payments 5. convenience coverage Personal Auto Policy (PAP) - ANSWER---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 •Part ...

The Florida Surplus Service Lines Office (FSLSO) was created to -Answer- oversee the surplus lines industry in the state Which of the following is NOT a required qualification for a General Lines Agent: -Answer- Seeking the license only to write controlled business The Department of Financial Services performs the following, EXCEPT: -Answer- Pays insurance claims Once license, you have how long to obtain an appointment? -Answer- 48 months Which of the following is NOT a duty of the O...

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 ...

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...

Adjuster Course) L6-Personal Auto Policy (PAP) 2024 Questions & Answers, GRADED A+