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32 Cards in this Set
- Front
- Back
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If you have a clean driving record for ____ mths. you don't have to get insurance. you can get _______annual fee from ________.
BUT who controls the fund. |
36/$550/DPS
DOI |
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whats 4 reasons someone would be uninsured?
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hit n run.
insurer is bankrupt no insurance lower limits than law requires |
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whats an underinsured motorist?
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they have the minim.requirements but not enuff to cover damage
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whats liability cvg state requirements?
whats the deduct |
25/50-BI/25PD
$200 |
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Out of UNINSURED or UNDERINSURED....which one is optional
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UNDERINSURED
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Can a insurer cancel after 6mths.?
what must an insurer do. |
YES; @ least 90day---less than 12mths they can cancel.
give 15 days notice. |
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whats CVG. A,B,C
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liabilty,medpay,uninsured
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The insurer must defend you this includes supp.payments of _______($__) and _______$200()and ____for all other liability reasons.
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bail bonds($250)
Loss of Earnings($200 legal proceedings)/$250 |
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MedPay will pay an accident up to ___years.
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3
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Are punitive damages covered in unisured?
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NO
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If I get hit by Alyse's car and she doesn't have enuff to pay will I get covered?
If I get hit by a random person and they don't have enuff BI to cover me, my ______ will kick in. |
NO
Underinsured |
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In addition to A,B,C, cvg. you can get coverage for damage to your car. This includes________.(write down the perils)
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COLLISION & OTC (COMP)
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Do you have to pay a deduct under comp and collision?
How is the limit of liability calcu.? Non-owned trailers have a limit of liability of $______. |
YES
ACV or the cost to repair(whichever is less) $1500 |
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If you need to get a rental...how much will the insurer give you?
If its theft it is not covered until ____hrs. what if its not theft? |
$20/day. up to $600..
48 hrs. 24 hrs. |
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There is a provision in the auto policy called assignment. explain it.
what if you and ur spouse have the same car insured under 2 different policies. |
you can't just transfer your rights w/ the insurer's written consent.
if you die it goes to your spouse for the remainder of the policy. highest limit under 1 policy |
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whats 3 endorsements you can get.
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towing&labor
extended non-owned cvg. for named indiv. misc.type vehicles |
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whats the 5 forms i can get for commercial auto?
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biz auto liability
biz auto physical damage garage cvg. truckers cvg. motor carrier cvgl |
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Commercial auto is a monoline policy...what does that mean?
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it can be written by itself.
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under section___the symbols on a biz auto cvg. form tell what?
what does section II state? |
I;what autos are covered.
25/50/25 liability |
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If you own the car do you get cvg?
what if its a trailer connected to your owned car? what if its your employee's car?what if they're just moving stuff in it?(when would this answer change?) |
YES
NO YES, if they own it NO would change if they're not an employee, partner, or leasee |
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Bail bond cvg. which is ____in personal auto will increase to $____in commericial auto.
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200;2k
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in commercial auto....50/100/10 means what?
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50k BI/Per person
100k BI/Per accident 10k PD/Per accident |
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If you sell,service, repair,park or store vehicles...can you get a biz auto cvg policy form?
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NO;you have to get a garage coverge form
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Section I in garage cvg has symbols telling what?whats in section II...what are the two parts?
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tells what cars are covered.
liability;Garage Ops for 1)covered and 2)OTcovered |
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If you have garage OP for covered autos is it subject to an aggregrate limit of liablity?
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NO;a per accident limit
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If an insured has cvg. w/Company A when actual faulty work was done and 6mths.the insured has cvg.w/Company B and is notified that a loss occured six mths. before. who's responsible for handling the loss?why?
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company B;b/c the base it on when the loss occured not when the actual faulty work was done.
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Biz auto physical damage is BASICALLY what?
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Comp and Collision.
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what are the two types of carriers under the truckers form? is wal-mart one of these?
wal-mart can be insured under what 2 forms? |
common;contract
NO;private biz auto cvg./motor carrier |
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If I leave my stuff w/ the car wash and they damage my stuff...what kind of insurance should they have.
what are the 3 coverage options under this form |
garagekeepers
liablity excess/primary(doesn't admit liabilty) |
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whats some added endorsements you can get.
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lessor
mobile equipment auto med pay hired atuo individual named (u use it as a personal car) |
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The ____form covers______act.
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MCS-90 covers '80
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Under the motor carrier act of 1980...you have to have
$________for non-hazard $______oil $______hazard/explosives *intrastate is_____ *interstate is______ |
$750k
1million 5million in the state across state line |
