PART A
Part A of the personal auto policy covers this
Liability
Part B of the Personal Auto Policy covers this
Med Pay/PIP in some states
Part C of the Personal Auto Policy is known as what
Uninsured/Underinsured Motorist
What is Part D of the Personal Auto Policy known as
Damage to Your Auto
The type of endorsement used to insure a recreational vehicle under the PAP
Miscellaneous Type Vehicle Endorsement
250/500
Michigan's Minimum Liability Limits
Covers the insured and passengers regardless of fault
What is Med Pay
Car insured for less than the limits required by the state
Underinsured motorist
Part of the Auto Policy that covers losses caused by malicious mischief, vandalism, hail or floods?
What is OTC or Comprehensive
The personal auto policy will pay this amount for a rental car if the insured vehicle is stolen
$30/$900
Known as third party
Liability
Has a per person limit of typically $5,000
Med Pay/Medical Payments limit
When someone crashes into you and they don't have insurance
Uninsured Motorist
This coverage pays for towing costs after an accident or breakdown
Towing & Labor
Julia purchases a new car for her daughter. This is the amount of time she has to add it to her policy
14 days
Enrolled in a personal vehicle-sharing program like GetaroundTM
Exclusion/Need an Endorsement
Includes wage loss, replacement services, funeral expenses, medical payments, survivor's benefits
Someone whose liability is more than their coverage amount
Underinsured
Damage to wear and tear on your vehicle
Exclusion
Covers reasonable expenses incurred by the insurer's request and other specified expenses that are not subject to the policy limits
Supplemental/Supplementary Payments
Payment is made in addition to the policy limits. It won't reduce the limits available to pay for the claims.
Legal defense/attorney
In Michigan, this is no-fault insurance
PIP/Personal Injury Protection
Limits equal to those selected for Part A – Liability Coverage
UM/UIM
Overturning of the auto is known as what and covered under what
Upset/Collision
Physical Damage losses under the PAP are reimbursed on what basis
Actual Cash Value/ACV