Podcast
Questions and Answers
What is the limit of insurance for Covered Autos Liability Coverage per accident?
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?
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?
Which symbol represents 'Any Auto' under Covered Autos?
- 27
- 21 (correct)
- 30
- 22
What is the deductible for Auto Medical Payments per person?
What is the deductible for Auto Medical Payments per person?
What does the Garagekeepers Comprehensive Coverage exclude?
What does the Garagekeepers Comprehensive Coverage exclude?
What is the coverage limit for Damages to Premises Rented to You?
What is the coverage limit for Damages to Premises Rented to You?
What symbol is used for autos left for service, repair, or storage?
What symbol is used for autos left for service, repair, or storage?
Who must report the location and value of covered autos for reporting basis?
Who must report the location and value of covered autos for reporting basis?
Which type of vehicle is considered covered under a temporary substitute?
Which type of vehicle is considered covered under a temporary substitute?
What kind of inspection is the insurer not obligated to perform?
What kind of inspection is the insurer not obligated to perform?
What symbol is used for “Specifically Described Autos”?
What symbol is used for “Specifically Described Autos”?
Which company is the insurer listed in the policy?
Which company is the insurer listed in the policy?
What is the penalty for failing to report a newly acquired vehicle under Symbol 27 within 30 days?
What is the penalty for failing to report a newly acquired vehicle under Symbol 27 within 30 days?
Garagekeepers Coverage protects against what kind of property?
Garagekeepers Coverage protects against what kind of property?
What does Symbol 29 cover?
What does Symbol 29 cover?
Under the cancellation clause, how many days’ notice is required if cancellation is for non-payment?
Under the cancellation clause, how many days’ notice is required if cancellation is for non-payment?
What is the annual premium for the Auto Dealers Policy listed in the declaration?
What is the annual premium for the Auto Dealers Policy listed in the declaration?
Which organization assists with claim handling for Amynta?
Which organization assists with claim handling for Amynta?
What is the deductible for Physical Damage from theft or vandalism?
What is the deductible for Physical Damage from theft or vandalism?
Who is considered a Class I Operator?
Who is considered a Class I Operator?
What is the General Liability Aggregate limit?
What is the General Liability Aggregate limit?
What is the Personal and Advertising Injury Liability limit?
What is the Personal and Advertising Injury Liability limit?
What kind of inspection does the policy state is not guaranteed to be safe or legal?
What kind of inspection does the policy state is not guaranteed to be safe or legal?
What does the policy say about U.S. economic sanctions?
What does the policy say about U.S. economic sanctions?
What symbol applies to autos subject to no-fault coverage?
What symbol applies to autos subject to no-fault coverage?
Which form is the base of the Auto Dealers Coverage?
Which form is the base of the Auto Dealers Coverage?
Under Garagekeepers, what is NOT a valid cause of loss under Specified Causes?
Under Garagekeepers, what is NOT a valid cause of loss under Specified Causes?
What is the per accident limit for General Liability Bodily Injury and Property Damage?
What is the per accident limit for General Liability Bodily Injury and Property Damage?
Who must notify the insurer of a newly acquired auto to activate coverage under certain symbols?
Who must notify the insurer of a newly acquired auto to activate coverage under certain symbols?
Under Garagekeepers, who is excluded from theft coverage?
Under Garagekeepers, who is excluded from theft coverage?
What symbol is used for autos owned subject to compulsory uninsured motorists law?
What symbol is used for autos owned subject to compulsory uninsured motorists law?
What is the limit for Personal Injury Protection listed in the policy?
What is the limit for Personal Injury Protection listed in the policy?
What coverage applies to trailers under 3,000 lbs GVWR?
What coverage applies to trailers under 3,000 lbs GVWR?
What is the penalty if a customer has no other insurance and causes a loss?
What is the penalty if a customer has no other insurance and causes a loss?
What symbol applies to autos hired or leased by the insured?
What symbol applies to autos hired or leased by the insured?
What is included in supplementary payments under Covered Autos Liability?
What is included in supplementary payments under Covered Autos Liability?
Which of the following is not excluded under the Pollution exclusion?
Which of the following is not excluded under the Pollution exclusion?
What does “impaired property” refer to in the exclusions?
What does “impaired property” refer to in the exclusions?
Who is responsible for premium payments under the policy?
Who is responsible for premium payments under the policy?
What happens if an “insured” dies?
What happens if an “insured” dies?
Flashcards
Covered Autos Liability Limit
Covered Autos Liability Limit
The maximum insurance coverage for liabilities related to covered autos in a single accident.
Named Insured
Named Insured
The individual or entity specifically named in the insurance policy as the insured party.
'Any Auto' Symbol
'Any Auto' Symbol
A symbol representing 'Any Auto' under Covered Autos, indicating broad coverage.
Auto Medical Payments Deductible
Auto Medical Payments Deductible
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Garagekeepers Comprehensive Exclusion
Garagekeepers Comprehensive Exclusion
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Damages to Rented Premises Limit
Damages to Rented Premises Limit
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Autos Left for Service Symbol
Autos Left for Service Symbol
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Responsibility for Reporting Auto Value
Responsibility for Reporting Auto Value
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Coverage of Temporary Substitute Vehicle
Coverage of Temporary Substitute Vehicle
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Insurer's Inspection Obligation
Insurer's Inspection Obligation
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Symbol 27 Definition
Symbol 27 Definition
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Insurer Company
Insurer Company
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Failure to Report Newly Acquired Vehicle
Failure to Report Newly Acquired Vehicle
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Garagekeepers Coverage Target
Garagekeepers Coverage Target
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What Symbol 29 covers?
What Symbol 29 covers?
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Cancellation Notice for Non-Payment
Cancellation Notice for Non-Payment
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Annual Premium
Annual Premium
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Claim Handling Supporter
Claim Handling Supporter
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Physical Damage Deductible Variability
Physical Damage Deductible Variability
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Class I Operator
Class I Operator
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General Liability Aggregate Limit
General Liability Aggregate Limit
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Personal and Advertising Injury Limit
Personal and Advertising Injury Limit
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Policy on Safety Guarantees
Policy on Safety Guarantees
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Impact of Economic Sanctions
Impact of Economic Sanctions
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Autos Subject to No-Fault Coverage
Autos Subject to No-Fault Coverage
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Auto Dealers Coverage Form
Auto Dealers Coverage Form
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Non-valid Garagekeepers Loss
Non-valid Garagekeepers Loss
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General Liability Per Accident Limit
General Liability Per Accident Limit
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Responsibility to Notify for Coverage
Responsibility to Notify for Coverage
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Garagekeepers Theft Exclusion
Garagekeepers Theft Exclusion
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Autos & Uninsured Motorists Law
Autos & Uninsured Motorists Law
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Personal Injury Protection Limit
Personal Injury Protection Limit
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Trailers and Liability Coverage
Trailers and Liability Coverage
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Coverage Penalty without Insurance
Coverage Penalty without Insurance
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Symbol for Hired or Leased Autos
Symbol for Hired or Leased Autos
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Auto Liability Payments Support
Auto Liability Payments Support
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Not a Pollution Exclusion
Not a Pollution Exclusion
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Coverage Defenition Property
Coverage Defenition Property
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Insured Payees
Insured Payees
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Death Policy Change
Death Policy Change
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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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