Understanding Uninsured Motorist Coverage

What is one of the specific exclusions for Part C – Uninsured Motorists coverage?

• Bodily injury sustained by an insured while occupying a vehicle insured for uninsured motorists coverage under the policy

• Bodily injury sustained by an insured while occupying a vehicle owned by the named insured but not insured for uninsured motorists coverage under the policy

• Bodily injury sustained by a family member while occupying a vehicle not owned by the named insured

What happens if a loss is settled without the insurer’s consent and it prejudices the insurer’s right to subrogate against the insured driver?

• The insurer will still cover the loss

• The insurer will not cover the loss

• The insurer will cover half of the loss

What is the maximum amount the insured may collect if more than one policy provides uninsured motorists coverage?

• The sum of all policy limits

• The highest limit applicable to any one vehicle

• The average of all policy limits

Under the Personal Auto Policy, who is considered an insured?

• Only the named insured

• The named insured and members of the insured’s family while using any auto

• Only the named insured and their spouse

What is the purpose of Assigned Risk Plans?

• To provide insurance to drivers with excellent driving records

• To provide auto insurance to drivers who cannot obtain it due to bad driving records

• To provide insurance to commercial vehicles only

What does the Business Auto Coverage form include?

• Liability coverage and physical damage coverage

• Only liability coverage

• Only physical damage coverage

What does Symbol 1 in the Business Auto Coverage form designate?

• Coverage for owned autos only

• Coverage for any auto the insured will use during the policy period

• Coverage for private passenger autos only

What is the role of New Uninsured Motorist Coverage?

• It provides less protection at a lower premium

• It provides additional protection at a higher premium

• It provides the same protection at the same premium

What is the primary insurer when the insured is occupying a non-owned vehicle?

• The insured’s policy

• The policy covering the non-owned vehicle

• Both policies equally

What is the purpose of no-fault insurance?

• To allow subrogation from the other company

• To reimburse the insured driver for medical expenses and loss of wages regardless of fault

• To pay for pain and suffering