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Grundy public or livery conveyance.12/12/2023 ![]() ![]() Both cars are insured on the same Personal Auto Policy (PAP), but Harry’s car has a $500 collision deductible and the other car has a $1,000 collision deductible. While backing a family car out of the driveway, Harry’s 18-year-old son accidentally collides with Harry’s car, which is parked on the street. Emily’s OTC coverage is the primary source of recovery for the damage to Emily’s car. Which one of the following would be the primary source of recovery for the damage to Emily’s car?Ĭorrect. Emily and Katie each have a Personal Auto Policy (PAP) with collision and other than collision (OTC) coverages. One day Katie borrowed Emily’s car and collided with a deer, resulting in $3,000 damage to Emily’s car. Katie was on vacation visiting her friend Emily. People who do not regularly own an auto or who occasionally drive another person’s vehicle or a rental vehicle can secure coverage for the loss exposures arising out of their use of a nonowned auto by purchasing a Personal Auto Policy (PAP) with the named Non-Owner Coverage endorsement. Miscellaneous Type Vehicle endorsement.Ĭorrect. In other words, cars can be used in a freight or delivery business, but only if they are transporting cargo (products, materials or packages)not humansfor a fee. ![]() Extended Non-Owned Coverage-Vehicles Furnished or Available for Regular Use endorsement.ĭ. used as a public or livery conveyance for passengers for a fee (such as a taxi or limousine service) or rented to others. People who do not regularly own an auto or who occasionally drive another person’s vehicle or a rental vehicle can secure coverage for the loss exposures arising out of their use of a nonowned auto by purchasing a Personal Auto Policy (PAP) with theĬ. The Auto Loan/Lease coverage endorsement of the Personal Auto Policy (PAP) amends physical damage coverage for leased vehicles or vehicles with outstanding loan amounts to include an unpaid amount due on the lease or loan. Penalties imposed under a lease for excessive use.Ĭorrect. Penalties imposed under a lease for high mileage.ĭ. An unpaid amount due on the lease or loan.ī. The balance of the loan or lease amount for the vehicle is included in a loss payment under the Auto Loan/Lease Coverage endorsement to the PAP.Ī. Balances transferred from previous loans or leasesĬorrect. The balance of the loan or lease amount for the vehicleī. Which one of the following best describes what is included in a loss payment under the Auto Loan/Lease Coverage endorsement to the Personal Auto Policy (PAP)?Ī. Both the Transportation Network Driver Coverage (No Passenger) endorsement and the Limited Transportation Network Driver Coverage (No Passenger) Endorsement to the personal auto policy exclude coverage when a passenger is occupying the vehicle. They both provide coverage until a passenger enters the vehicle.Ĭorrect. They both end coverage when an insured accepts a passenger’s request.ĭ. They cost the same amount of additional premium.Ĭ. They both exclude coverage when a passenger is occupying the vehicle.ī. ![]() Which one of the following is correct regarding the Transportation Network Driver Coverage (No Passenger) endorsement and the Limited Transportation Network Driver Coverage (No Passenger) Endorsement to the personal auto policy?Ī. ![]()
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