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Personal Auto Ins
Personal Auto Insurance
| Question | Answer |
|---|---|
| Which of the following would be considered a "Named Insured" under a Personal Auto policy? | The person listed on the Declarations; That person's spouse if living at the same address |
| The liability coverage of a Personal Auto policy can apply to which of the following? | You or your family members using your auto; You or your family members using someone else's auto; Any person using your auto with reasonable belief that he had permission to do so |
| You have auto liability limits of 25/50/10 and cause bodily injury to three people in the amount of $30,000, $15,000 and $9,000. Further, you damage a fourth person's property in the amount of $9,000. Which of the following amounts would your company pay? | $58,000 |
| If you have auto liability limits of 100/300/100, you would have to buy a single limit policy of which of the following amounts to have equivalent coverage? | $400,000 |
| Assume that Ralph is driving Ed's car and causes an accident. If each has a Personal Auto policy, how would the claim be paid? | Ed's policy would be primary; Ralph's policy would be excess |
| Which of the following is true concerning the Medical Payments coverage of a Personal Auto policy? | It provides medical expense coverage for you and those in your car; It pays regardless of fault; It can cover medical expenses incurred within three years of an accident |
| You live in a state in which the minimum limits of liability are 25/50/10. Assume a negligent driver hits you as you walk across a parking lot. If you suffer $150,000 bodily injury loss, which of the following would be considered underinsured motorist? | A driver with limits of 25/50/10 |
| Damage to your personal auto is known as which of the following? | Physical Damage |
| Which of the following is not considered a collision? | Your car smashes into a deet |
| Vehicles are usually driven in more than one state, and the PAP provides for such situations. Which provision addresses this issue? | Out of State Coverage Provision |
| The reason most of us DO NOT own a Personal Liability Policy is that most of our personal liability exposures are covered by which of the following policies? | Homeowners; Automobiles |
| You are injured while driving your own car | Part B - Medical Payments |
| You hit a pedestrian who loses $3,500 in wages while recovering | Part A - Liability |
| You hit a fire hydrant belonging to the city and damage it | Part A - Liability |
| You are injured when hit by a vehicle driven by an individual with no insurance | Part C - Uninsured Motorists |
| Your car is stolen and subsequently destroyed in an accident | Part D - Physical Damage |
| Your brother-in-law injures himself when he sits on the hood ornament of your car | Part B - Medical Payments |
| You are injured by a driver who has adequate insurance through a bankrupt company | Part C - Uninsured Motorists |
| An insured has a Personal Automobile Policy (PAP) providing bodily injury and property damage liability. He runs through the rear wall of a garage in the dwelling he rents. Coverage would be afforded for: | Damage to the wall |
| Under a Personal Automobile Policy, which of the following persons is not an insured? | A visitor who takes and uses the car without permission of the named insured |
| Under Kentucky No-Fault automobile laws, persons injured in traffic accidents who are entitled to basis no-fault benefits could receive | $1,000 for funeral burial expenses; $200 per week for loss of income; Medical and rehabilitation expenses |
| Mr. Jones has a PAP including Kentucky No-Fault coverages. He is injured while riding as a passenger in his friend's uninsured automobile. Which of the following would be correct? | He could collect under the personal injury protection (PIP) coverage of his Personal Automobile Policy. |
| Mr. Jones borrows Mr. Smith's car for a personal errand. Mr. Jones is involved in an accident. Each has a personal automobile policy on his respective vehicle. Which of the following statements is correct? | Smith's insurance would be primary |
| Mr Jones borrows a private passenger automobile w/ no physical damage insurance. He is involved in an accident where the borrowed vehicle is extensively damaged. Mr Jones PAP would pay for the damage to the borrowed vehicle under which of his coverages? | His collision coverage, subject to Mr. Jones' deductible. |
| The Personal Automobile Policy would provide coverage under the liability section in what situations | The named insured borrows a motor home for a vacation; A non-resident is operating the owned automobile with permission of the named insured; The named insured borrows a truck to move his furniture |
| Under Kentucky's Basic Personal Injury Protection (PIP) coverage, which of the following types of loss will not be paid when resulting for an automobile accident? | Damage to property |
| Mr. Jones rear-ends Mr. Smith in his automobile. If Smith's insurance company pays Smith's collision damage caused by Jones: | Smith's insurance company can collect from Jones based upon the Principal of Subrogation |
Created by:
BGeisert
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