Requirements
These are the minimum required limits of liability in the state of Arizona. (what are they and what do they mean?)
What is 25/50/15?
($25k per person for any BI, $50k per occurrence for any BI, $15k per occurrence for any PD)
This term includes the person listed as the primary owner of the policy, their spouse and whoever the vehicle is titled/registered to.
What are You and Yours?
This endorsement requires labor to be performed at the place of disablement.
What is Towing and Labor?
Fill in the blanks:
Part ___ of the PAP covers damage to your auto.
Part ___ of the PAP covers both BI and PD liability.
Part ____ of the PAP covers med pay OR PIP, depending on the state.
Part ____ of the PAP covers the first party when the at-fault third party is underinsured or uninsured.
What are parts D, A, B and C?
In order for an at-fault incident to be covered when you lend your car to a friend, your friend must have ___________.
What is permissive use?
When it comes to the cancellation of an auto policy, the insurer must adhere to the following time frames:
Grace Period for Non-Payment: _________
Valid Cancellation Notice: _________
Non-Renewal Notice: __________
What is 7 days, 10 days and 45 days?
This is what is not included under the definition of occupying the vehicle.
What is underneath the auto?
What is $20/day, $600/occurrence?
This is the main difference between Medical Payments and Personal Injury Protection on a PAP.
What is PIP covers general damages like pain and suffering in addition to medical bills/funeral expenses, while Medical Payments does not?
What are the United States, U.S. territories and possessions, and Canada?
This is the program in Arizona that every insurance company must participate in.
What is the Arizona Automobile Insurance Plan (AAIP?)
This term describes any new car purchased by the insured with the specific purpose of replacing a vehicle already insured.
What is Newly Acquired Replacement Vehicle?
If two or more people own the same automobile, they may want to get this specific endorsement.
What is Joint Ownership Coverage?
Damage to your windshield, hitting a deer, and hail scratching your car's paint are all examples of this coverage that can be found under part D.
What is Comprehensive/Other Than Collision?
Under the AAIP, the Plan must provide continuous covverage to its assigned insureds for this timeframe.
What is three years?
Name three examples of valid reasons that an insurer may cancel on an insured.
(POSSIBLE ANSWERS)
What are: fraud, material misrepresentation, DUI, fleeing the scene of an accident, reckless driving, supsension of driver's license, substantial breach of contractual duties or conditions
This term describes a vehicle that is taking the place of an auto just for a little while, usually while repairs are done.
What is Temporary Substitute?
This type of endorsement covers any vehicle that isn't considered a standard auto, but is still authorized for road use, such as a motorcycle or golf cart.
What is the Miscellaneous Type Vehicle Endorsement?
What is liability limits?
(eg, if you have liability limits of 25/50/15, your UM/UIM limits must also be an exact match of 25/50/15.)
When it comes to the timeframes to transportation expenses, one must wait ___________ after a covered claim; however, in cases of theft, one must wait ___________.
What is 24 hours and 48 hours?
FILL IN THE BLANKS:
Under the AAIP, an insured will become elegible (and receive notice of elegibility) if their application is denied or their policy is cancelled for any reason except ____________, as long as they:
- ___________________
-____________________
-non-payment
-have a valid driver's license
-do not owe money on automobile insurance policies they held previously
When it comes to any liability arising from towing a trailer, any liability damage will be covered if the trailer is owned. If the trailer is not owned, the damage will only be covered up to this amount.
What is $1,500?
________ is an endorsement that provides liability only coverage for any non-owned vehicle that the insured uses regularly, while ________ is an endorsement that offers parts A--D to an insured that does not own a specific vehicle.
What is Extended Non-Owner Coverage and Named Non Owner Coverage?
Assuming you have the minimum required AZ liability limits of 25/50/15, this is what would happen to your limits if you go to a state with higher required limits and you cause an at-fault accident.
Alternatively, this is what would happen if you go to a state with lower required limits and you cause an at-fault accident.
(Two answers)
What is automatically increase, and what is stay the same?
This clause authorizes payment in the event of a loss to any one person/entity who is not the named insured/insured, but still has an insurable interest in the covered property. (for instance, a leinholder or creditor).
What is the Loss Payable Clause?