Auto Insurance Quizs

Liability Coverage

• Covers only property damage caused by the insured.

• Pays for bodily injury and property damage the insured is legally responsible for, including defense costs.

• Only applies to personal injury claims.

• Provides coverage for damages not caused by the insured.

Joint Ownership Coverage (PP 03 34)

• Allows unrelated individuals (e.g., roommates, domestic partners) who jointly own a vehicle to be listed as named insureds.

• Covers only family members who jointly own a vehicle.

• Is applicable only to married couples owning a vehicle together.

• Excludes any individuals who are not related by blood or marriage.

Selected Endorsements - Individual Named Insured (CA 99 17)

• Converts a business auto policy to provide personal auto coverage for an individual and their family.

• Provides coverage for commercial vehicles only.

• Excludes personal use of vehicles.

• Increases liability limits for business use of vehicles.

Other Than Collision Coverage

• Covers theft, fire, vandalism, hail, etc.

• Covers only damage from collisions with other vehicles.

• Covers medical expenses for injuries in an accident.

• Covers only damage to your own vehicle.

Personal Auto Policy (2005 Edition) Definitions

• Clarifies terms like “you,” “your covered auto,” “occupying,” and “family member.”

• Defines the coverage limits for personal vehicles.

• Outlines the process for filing a claim under the policy.

• Specifies the exclusions and limitations of the policy.

Duties After an Accident or Loss

• The insured must take specific actions after a covered event to preserve coverage.

• The insured can ignore the incident if it seems minor.

• The insured should wait for the insurance company to contact them before taking any action.

• The insured must report the incident only if there are injuries involved.

Business Auto Physical Damage Coverage Form (CA 00 10)

• Provides only physical damage coverage (collision, comprehensive, specified causes of loss) for scheduled autos.

• Covers liability for bodily injury and property damage to others.

• Includes coverage for personal injury protection and medical payments.

• Offers coverage for rental reimbursement and towing expenses.

Selected Endorsements - Drive Other Car Coverage — Broadened Coverage for Named Individuals (CA 99 10)

• Extends coverage to executives or employees who don’t own a personal auto policy.

• Provides coverage for personal vehicles used for business purposes.

• Covers damages to rental cars only for named individuals.

• Includes liability coverage for non-named drivers.

Selected Endorsements - Mobile Equipment (CA 20 15)

• Redefines certain vehicles (e.g., forklifts, bulldozers) as covered autos rather than mobile equipment.

• Excludes all types of vehicles from coverage under mobile equipment.

• Includes only agricultural vehicles as covered autos.

• Limits coverage to only heavy machinery and construction equipment.

Coverage Form Sections - Trailer Interchange Coverage

• Covers damage to non-owned trailers under a written interchange agreement.

• Covers damage to owned trailers under a verbal agreement.

• Covers damage to non-owned trailers without any agreement.

• Covers damage to owned trailers under a written agreement.