An insured under a Business Auto Coverage form would be covered for auto accidents that occur in all of the following locations EXCEPT
Added by Dana B.
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The Business Auto Coverage form typically provides insurance coverage for vehicles used in business activities, including liability and physical damage coverage for accidents that occur while the vehicle is in use. Show more…
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Akash M.
5. Computing your liability - An auto insurance example Although car insurance is legally required by all states, the coverage provided by different policies can vary dramatically, such that even an "insured" motorist can end up paying large amounts of money out-of-pocket. Consider the following example involving Mitch, who has a family auto policy (FAP) that provides liability coverage with limits of 15/30/15, no medical payment insurance, and uninsured and underinsured motorist coverage with limits of 1/2. He has collision and comprehensive auto insurance, both with a deductible of $100. Suppose one day Mitch fails to notice a red light, causing him to blindside another car crossing the intersection. Fortunately, he is not badly injured, but the medical bill for his hospital examination nonetheless amounts to $624. The driver of the other car, a woman named Yvette, suffered severe injuries from the direct impact of the accident. She required surgery and a hospital stay and then additional procedures in the months that followed. Her medical bills, plus compensation for being unable to work, totaled $32,634. Yvette's insurance company successfully filed a claim against Mitch, exercising subrogation rights. Coverage A of Mitch's plan will reimburse him with ___________ for Yvette's medical bills. Mitch's medical bills are: not covered, covered under A, covered under B, covered under C Mitch's car was relatively unharmed by the collision but required $800 in minor repairs; Yvette's car was destroyed, making Mitch liable for paying the $9,300 replacement value. Yvette's car was pushed onto a nearby sidewalk on impact, destroying a nearby lawn and causing additional damage to a parked car. This damage totaled $7,254. Mitch's liability coverage also will reimburse him for up to $________ in property damage, so he is responsible for paying $1554 or $0 or $2354 or $3054 out-of-pocket in property liability damages. Which of the following is true regarding the damage to his own car? It will be reimbursed up to the difference between his liability coverage and the damage to other property. It will be reimbursed fully, minus the $100 deductible. It is not covered under his policy. Insuring an Older Home Susan's parents live in a Brownstone-style home built in 1875. Although the house is still standing, it has fallen into disrepair, and the cost of rebuilding it with the original style and quality would be extremely high. If their home were destroyed, Susan's parents would choose to rebuild a much more modest structure rather than restore it to its original state; therefore, they purchase an HO-_____ form policy to provide Replacement value or actual-cash-value protection.
Sri K.
An insurance policy purchased directly online is NOT required to include A. Premium amount B. Coverage amount C. Issuing company's name D. Producers name Every two years a business entity is required to pay a fee of A. $150 B. $75 C. $50 D. $25 A person being examined by the director of insurance shall provide the director with free access to: A. Personal tax records B. Credit history for the past five years C. Personal bank records D. Insurance business records An insurance company is NOT permitted to base its premium levels on the: A. Age of any occasional driver B. Location in which a vehicle is most likely to be used C. Stated value of vehicle D. Physical handicap of an insured
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