Garage Insurance Policy Details

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Questions and Answers

What is the limit of insurance for Covered Autos Liability Coverage per accident?

  • $2,000,000
  • $500,000
  • $100,000
  • $1,000,000 (correct)

Who is the Named Insured under the policy?

  • Brightline Insurance Services
  • Poppell Investment Co. (correct)
  • Amynta Dealer Solutions
  • Broadspire

Which symbol represents 'Any Auto' under Covered Autos?

  • 27
  • 21 (correct)
  • 30
  • 22

What is the deductible for Auto Medical Payments per person?

<p>$5,000 (A)</p> Signup and view all the answers

What does the Garagekeepers Comprehensive Coverage exclude?

<p>Collision with another object (B)</p> Signup and view all the answers

What is the coverage limit for Damages to Premises Rented to You?

<p>$100,000 (B)</p> Signup and view all the answers

What symbol is used for autos left for service, repair, or storage?

<p>30 (A)</p> Signup and view all the answers

Who must report the location and value of covered autos for reporting basis?

<p>The insured (B)</p> Signup and view all the answers

Which type of vehicle is considered covered under a temporary substitute?

<p>An auto used with owner's permission while a covered auto is being repaired (A)</p> Signup and view all the answers

What kind of inspection is the insurer not obligated to perform?

<p>Safety inspections (D)</p> Signup and view all the answers

What symbol is used for “Specifically Described Autos”?

<p>27 (A)</p> Signup and view all the answers

Which company is the insurer listed in the policy?

<p>Continental Casualty Company (A)</p> Signup and view all the answers

What is the penalty for failing to report a newly acquired vehicle under Symbol 27 within 30 days?

<p>No coverage applies (C)</p> Signup and view all the answers

Garagekeepers Coverage protects against what kind of property?

<p>Customer’s autos in your care (C)</p> Signup and view all the answers

What does Symbol 29 cover?

<p>Non-owned autos used in your dealership (A)</p> Signup and view all the answers

Under the cancellation clause, how many days’ notice is required if cancellation is for non-payment?

<p>10 days (C)</p> Signup and view all the answers

What is the annual premium for the Auto Dealers Policy listed in the declaration?

<p>$16,647 (A)</p> Signup and view all the answers

Which organization assists with claim handling for Amynta?

<p>Broadspire (B)</p> Signup and view all the answers

What is the deductible for Physical Damage from theft or vandalism?

<p>See Endorsement (A)</p> Signup and view all the answers

Who is considered a Class I Operator?

<p>Employees with regular use of autos (C)</p> Signup and view all the answers

What is the General Liability Aggregate limit?

<p>$2,000,000 (D)</p> Signup and view all the answers

What is the Personal and Advertising Injury Liability limit?

<p>$1,000,000 (A)</p> Signup and view all the answers

What kind of inspection does the policy state is not guaranteed to be safe or legal?

<p>Safety inspection (D)</p> Signup and view all the answers

What does the policy say about U.S. economic sanctions?

<p>They void the policy if violated (A)</p> Signup and view all the answers

What symbol applies to autos subject to no-fault coverage?

<p>25 (A)</p> Signup and view all the answers

Which form is the base of the Auto Dealers Coverage?

<p>CA 00 25 (C)</p> Signup and view all the answers

Under Garagekeepers, what is NOT a valid cause of loss under Specified Causes?

<p>Collision (D)</p> Signup and view all the answers

What is the per accident limit for General Liability Bodily Injury and Property Damage?

<p>$1,000,000 (B)</p> Signup and view all the answers

Who must notify the insurer of a newly acquired auto to activate coverage under certain symbols?

<p>Insured (D)</p> Signup and view all the answers

Under Garagekeepers, who is excluded from theft coverage?

<p>You and your employees (D)</p> Signup and view all the answers

What symbol is used for autos owned subject to compulsory uninsured motorists law?

<p>26 (C)</p> Signup and view all the answers

What is the limit for Personal Injury Protection listed in the policy?

<p>Separately stated in endorsement (D)</p> Signup and view all the answers

What coverage applies to trailers under 3,000 lbs GVWR?

<p>Covered Autos Liability (B)</p> Signup and view all the answers

What is the penalty if a customer has no other insurance and causes a loss?

<p>Coverage is limited to state minimums (C)</p> Signup and view all the answers

What symbol applies to autos hired or leased by the insured?

<p>28 (D)</p> Signup and view all the answers

What is included in supplementary payments under Covered Autos Liability?

<p>Bail bonds up to $2,000 (A)</p> Signup and view all the answers

Which of the following is not excluded under the Pollution exclusion?

<p>Pollution from vehicle fluids (A)</p> Signup and view all the answers

What does “impaired property” refer to in the exclusions?

<p>Property not physically damaged but unusable (C)</p> Signup and view all the answers

Who is responsible for premium payments under the policy?

<p>The first Named Insured (C)</p> Signup and view all the answers

What happens if an “insured” dies?

<p>Legal representative assumes duties (A)</p> Signup and view all the answers

Flashcards

Covered Autos Liability Limit

The maximum insurance coverage for liabilities related to covered autos in a single accident.

Named Insured

The individual or entity specifically named in the insurance policy as the insured party.

'Any Auto' Symbol

A symbol representing 'Any Auto' under Covered Autos, indicating broad coverage.

Auto Medical Payments Deductible

The amount the insured must pay out-of-pocket per person for auto medical expenses before the insurance coverage kicks in.

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Garagekeepers Comprehensive Exclusion

Protection against specified perils but not damages from collisions with other objects.

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Damages to Rented Premises Limit

The maximum amount the insurance will pay for damages to premises rented to the insured.

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Autos Left for Service Symbol

The symbol designates autos left for service, repair, or storage, indicating Garagekeepers coverage.

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Responsibility for Reporting Auto Value

The policyholder or the insured is responsible for providing the location and value of covered autos on a reporting basis.

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Coverage of Temporary Substitute Vehicle

A vehicle used as a temporary replacement with the owner's permission while a covered auto is being repaired.

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Insurer's Inspection Obligation

The insurer is not required to perform inspections related to ensuring the safety of vehicles or operations.

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Symbol 27 Definition

A code used to designate 'Specifically Described Autos' within an insurance policy.

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Insurer Company

The insurance provider for the Auto Dealers Policy, responsible for covering insured losses.

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Failure to Report Newly Acquired Vehicle

If a newly acquired vehicle under Symbol 27 isn't reported within 30 days, insurance coverage will not be in effect for it.

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Garagekeepers Coverage Target

Garagekeepers Coverage protects customer's vehicles in the care, custody, or control of the insured.

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What Symbol 29 covers?

Specifically addresses the utilization of non-owned autos within a dealership setting.

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Cancellation Notice for Non-Payment

In the event of policy cancellation due to non-payment, a 10-day advance notice is mandated.

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Annual Premium

The total cost to keep a policy active for one year.

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Claim Handling Supporter

This organization provides support in managing and handling claims for Amynta.

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Physical Damage Deductible Variability

The deductible amount can vary based on the specific endorsement applied.

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Class I Operator

Employees who regularly use autos are classified as Class I Operators.

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General Liability Aggregate Limit

The maximum amount payable for all general liability claims during the policy term.

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Personal and Advertising Injury Limit

The maximum amount the insurer will pay for personal and advertising injury claims.

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Policy on Safety Guarantees

The policy explicitly notes that safety inspections aren't guaranteed for safety or legality.

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Impact of Economic Sanctions

If U.S. economic sanctions are violated, the policy becomes void.

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Autos Subject to No-Fault Coverage

This symbol designates autos subject to no-fault coverage under the insurance policy.

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Auto Dealers Coverage Form

The specific designation for the Auto Dealers Coverage form.

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Non-valid Garagekeepers Loss

Collision is not recognized as a valid cause-of-loss under the Specified Causes of Loss coverage within Garagekeepers.

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General Liability Per Accident Limit

The maximum amount payable per accident for bodily injury and property damage claims under General Liability.

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Responsibility to Notify for Coverage

The insured party is responsible for informing the insurer about a newly acquired auto to activate coverage.

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Garagekeepers Theft Exclusion

Theft coverage excludes the insured (you) and your employees.

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Autos & Uninsured Motorists Law

Symbol designates autos owned and subject to compulsory uninsured motorists law.

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Personal Injury Protection Limit

Amount payable for personal injury is individually specified.

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Trailers and Liability Coverage

Provides for physical damages done to trailers under 3,000 lbs GVWR.

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Coverage Penalty without Insurance

Coverage limited to the state minimums if the customer has no other insurance.

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Symbol for Hired or Leased Autos

Cars hired or leased are defined as coverage symbol 28.

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Auto Liability Payments Support

Bail bonds up to $2,000 are supported in Auto Liability.

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Not a Pollution Exclusion

Vehicle fluids aren't excluded under policy.

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Coverage Defenition Property

Damaged property that's unusable still.

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Insured Payees

A party responsible for payment under policy

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Death Policy Change

Assumed by the Legal Representative until resolution is found.

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Study Notes

  • The limit of insurance for Covered Autos Liability Coverage is $1,000,000 per accident.
  • Poppell Investment Co. is the Named Insured under the policy.
  • Symbol 21 represents 'Any Auto' under Covered Autos.
  • The deductible for Auto Medical Payments is $5,000 per person.
  • Garagekeepers Comprehensive Coverage excludes collision with another object.
  • The coverage limit for Damages to Premises Rented to You is $100,000.
  • Symbol 30 is used for autos left for service, repair, or storage.
  • The insured must report the location and value of covered autos for reporting basis.
  • A temporary substitute vehicle is an auto used with the owner's permission while a covered auto is being repaired.
  • The insurer is not obligated to perform safety inspections.
  • Symbol 27 is used for “Specifically Described Autos”.
  • Continental Casualty Company is the insurer listed in the policy.
  • There is no coverage if you fail to report a newly acquired vehicle under Symbol 27 within 30 days.
  • Garagekeepers Coverage protects against customer’s autos in your care.
  • Symbol 29 covers non-owned autos used in a dealership.
  • The cancellation clause requires 10 days’ notice if cancellation is for non-payment.
  • The annual premium for the Auto Dealers Policy is $16,647.
  • Broadspire assists with claim handling.
  • The deductible for Physical Damage from theft or vandalism is subject to endorsement.
  • Employees with regular use of autos are considered Class I Operators.
  • The General Liability Aggregate limit is $2,000,000.
  • The Personal and Advertising Injury Liability limit is $1,000,000.
  • The policy states that safety inspections are not guaranteed to be safe or legal.
  • U.S. economic sanctions void the policy if violated.
  • Symbol 25 applies to autos subject to no-fault coverage.
  • Form CA 00 25 is the base of the Auto Dealers Coverage.
  • Under Garagekeepers, collision is not a valid cause of loss under Specified Causes.
  • The per accident limit for General Liability Bodily Injury and Property Damage is $1,000,000.
  • The Insured must notify the insurer of a newly acquired auto to activate coverage under certain symbols.
  • Under Garagekeepers, coverage excludes you and your employees from theft coverage.
  • Symbol 26 is used for autos owned subject to compulsory uninsured motorists law.
  • The limit for Personal Injury Protection is separately stated in endorsement.
  • Covered Autos Liability applies to trailers under 3,000 lbs GVWR.
  • Coverage is limited to state minimums if a customer causes a loss and has no other insurance.
  • Symbol 28 applies to autos hired or leased by the insured.
  • Bail bonds up to $2,000 are included in supplementary payments under Covered Autos Liability.
  • The Pollution exclusion does not exclude pollution from vehicle fluids.
  • “Impaired property” refers to property not physically damaged but unusable.
  • The first Named Insured is responsible for premium payments under the policy.
  • The legal representative assumes duties if an insured dies.

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