EXAMFX Personal Auto Policy Details 2

Question 1

Under a Personal Auto Policy, which coverage pays for damage to your own vehicle caused by a collision with another car?

Accepted Answer

Collision

Answer

Comprehensive

Answer

Uninsured Motorist Property Damage

Answer

Medical Payments

Question 2

A named insured under a PAP loans their car to a friend who is NOT listed on the policy. The friend causes an accident. How does the PAP respond?

Accepted Answer

The PAP covers the friend as a permissive user

Answer

Only the friend is covered since they were driving

Answer

Coverage is denied because the friend is not a listed driver

Answer

The PAP only covers the vehicle owner's liability

Question 3

Which section of the Personal Auto Policy defines who qualifies as an 'insured' for liability purposes?

Accepted Answer

Definitions section

Answer

Declarations page

Answer

Conditions section

Answer

Exclusions section

Question 4

Under PAP liability coverage, 'split limits' of 25/50/25 mean:

Accepted Answer

$25,000 per person bodily injury, $50,000 per accident bodily injury, $25,000 property damage

Answer

$25,000 per accident bodily injury, $50,000 per person, $25,000 property damage

Answer

$25,000 property damage, $50,000 bodily injury per person, $25,000 uninsured motorist

Answer

$25,000 deductible, $50,000 per accident, $25,000 medical payments

Question 5

Which of the following losses would be covered under the Comprehensive (Other Than Collision) portion of a PAP?

Accepted Answer

Windshield cracked by a flying rock

Answer

Hitting a guardrail

Answer

Damage from a rear-end collision

Answer

Running over a pothole

Question 6

Under the PAP, 'owned automobile' typically includes all of the following EXCEPT:

Accepted Answer

A vehicle owned by the insured's employer

Answer

A vehicle listed in the Declarations

Answer

A newly acquired auto within the policy period

Answer

A trailer owned by the insured

Question 7

The PAP's Medical Payments coverage applies to medical expenses incurred within how many years of an auto accident?

Accepted Answer

3 years

Answer

1 year

Answer

5 years

Answer

7 years