Auto 1
You
Permissive Users
Omnibus Insureds
What are the three classifications of insureds who are provided coverage by the CAB?
A land motor vehicle, trailer or semi-trailer designed for travel on public roads.
What is the definition of "Auto"?
Any Auto
What is Symbol 1?
Comprehensive Coverage
What coverage pays for physical damage for any accident other than a collision or overturn?
Three types of coverage that can be added to the CAP.
What are Medical Payments, PIP, UM/UIM?
Limit of Liability
What is the highest amount of damages the insurance carrier will pay for a loss?
Amendment to a policy which adds, modifies or excludes coverage.
What is an Endorsement?
Duties in the Event of Accident, Claim, Suit or Loss
Legal Action Against Us
Appraisal for Physical Damage Loss
What are some Loss Conditions on the BAP?
Provides an insured with protection for claims for a third-party's bodily injury/property damage and for damage to/loss of an insured's covered autos.
What is Commercial Auto Policy?
A sudden, continuous or repeated exposure to the same conditions that results in bodily injury or property damage.
What is the definition of "Accident"?
Symbol 3
What is the Symbol for Owned Private Passenger Autos?
Specified Causes of Loss
What coverage pays for physical damage for six specific perils?
Reasonable and necessary medical or funeral expenses
Surgical
Dental
Chiropractic
What does Medical Payments Coverage pay for?
Expected or Intended Injury
Contractual Liability
Workers' Compensation
Fellow Employee
Care, Custody or Control
What are some exclusions to the BAP liability section?
Drive Other Car
Individual Named Insured
Employees as Insureds
Employees as Lessors
Designated Insured for Covered Autos
What are examples of additional insured endorsements?
Bankruptcy
Liberalization
No Benefit to Bailee - Physical Damage Coverages
Other Insurance
Policy Period, Coverage Territory
What are some General Conditions to the BAP?
Covered Autos Liability Coverage
Physical Damage Coverage
What are the two main coverage sections of the BAP?
The actual or perceived loss in market value or resale value which results from a direct and accidental loss.
What is Diminution in Value?
Provides no-fault coverage for all owned autos (only when required by state law)
What is Symbol 5?
Includes physical damage coverage for a collision or overturn.
What is Collision coverage?
Reasonable and necessary medical or funeral expenses
Lost Wages
Death
Child Care
Psychiatric Treatment
What does Personal Injury Protection Coverage pay for?
Nuclear Hazards
Organized racing
tapes, records, data electronic devices
Wear and Tear
Freezing, Blowouts
What are some standard exclusions to the physical damage section of the BAP?
Endorsement that stipulates how claims will be handled if more than one policy applies.
What is a Primary and Non-Contributory Endorsement?
Vehicle Weight
Vehicle schedule size
Vehicle Use
Vehicle Radius
What are the Four underwriting considerations ISO uses to classify an auto?
Provides protection from claims for bodily injury and property damage for which an insured is legally responsible.
What is Commercial Auto Liability coverage?
The direct and accidental loss or damage.
What is the definition of Loss?
Symbol 7
What is the Symbol for Scheduled Autos?
Coverage for bodily injury or property damage the insured may incur where the at-fault third-party does not have insurance.
What is Uninsured Motorist Coverage?
Full name
Date of birth
Driver's License Number
What are items needed to run an MVR?
Endorsement where one party agrees to waive its right to pursue the other party in the case of a loss.
What is the Waiver of Subrogation (Waiver of Transfer of Rights of Recovery Against Others to Us) Endorsement?
A vehicle that transports personal tools, equipment & incidents to a job for the day.
What is a Service Use vehicle?
Provides coverage for damages to or the complete loss of an insured's covered auto.
What is Physical Damage coverage?
The damage to or a loss of use of tangible property,
What is the definition of Property Damage?
Hired Autos & Non-owned Autos
What are Symbols 8 and 9?
Coverage for bodily injury the insured may incur where the at-fault driver does not have enough insurance.
What is Underinsured Motorist Coverage?
Bankruptcy
Concealment, Misrepresentation or Fraud
Liberalization
No Benefit to Bailee - Physical Damage Coverages
Policy Period, Coverage Territory
What are some General Conditions under the BAP?
Gives a specific value of insurance for each vehicle on the endorsement.
What is Stated Amount Endorsement?
A vehicle that picks up or delivers goods to or from a residence.
What is a Retail Use Vehicle?