What am I?
Does not include land vehicles that are subject to a compulsory or financial responsibility law or other motor vehicle insurance law where it is licensed or principally garaged.
Mobile Equipment
Provides coverage for a business' auto. Consist of four parts.
Business Auto Policy (BAP)
Coverage when you hit an animal
Comprehensive
13 of these in the BAP policy form because covered under other policies or not
Exclusions
unpowered vehicle designed to be towed
Trailer
To add or take away
Endorsement
Contains the policy info relating to the vehicles covered.
Business Auto Declarations Page
Insured pays this amount in a claim
Deductible
Section II of the Business Auto Coverage Form
Liability Coverage
War is considered
Exclusion
Sction III of the Business Auto Coverage Form
Physical Damage
These numbers indicate what is covered
What are Symbols
This applies to third party damage
Liability
Form that collects specific information regarding the autos to be covered and their coverages
Business Auto Declerations
Cancellation of the policy condition is included in what?
Common Policy Conditions
I help modify a policy
Endorsements
Explain the expectations for the behavior of the insurer and the insured regarding how the policy will be carried out.
Common Policy Conditions
Hail damage is covered under this coverage
Specified Cause of Loss
Continuous or repeated exposure that results in bodily injury, property damage, or covered pollution cost or exposure will be treated as one accident is a provision of what section
Limits of Insurance
the cost of a new, identical, or like-kind item minus physical depreciation
Actual Cash Value
Contains five sections, covered autos, liability cvg, Physical damage cvg, Business Auto Conditions, and definitions.
Business Auto Coverage Form
An irritant or contaminant
Pollution
amount it would cost to replace the property with like kind and quality of property
Replacement value
Losses that are the result of lack of maintenance or occur over time are excluded under the __________section.
Physical Damages
3 party contract where insurer agrees to pay losses to a third party resulting failure of financial guarantee