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Questions and Answers
What is considered a hired auto according to the BAP?
What is considered a hired auto according to the BAP?
- An auto used in the insured’s personal affairs
- An auto owned by the insured’s business
- An auto leased from an employee of the insured
- An auto rented, leased, hired, or borrowed by the insured (correct)
What is the key difference between a hired auto and a non-owned auto?
What is the key difference between a hired auto and a non-owned auto?
- The ownership of the vehicle (correct)
- The duration of the vehicle’s use
- The type of vehicle used
- The purpose of the vehicle’s use
Why might a business without leased or rented vehicles still need hired auto coverage?
Why might a business without leased or rented vehicles still need hired auto coverage?
- Because they may use a vehicle owned by a partner
- Because they may rent a vehicle for personal use
- Because they may borrow a vehicle from a friend (correct)
- Because they may use a vehicle owned by an employee
What is an example of a non-owned auto?
What is an example of a non-owned auto?
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Who is exempt from the definition of a hired auto?
Who is exempt from the definition of a hired auto?
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Why is it important to understand the distinction between hired and non-owned autos?
Why is it important to understand the distinction between hired and non-owned autos?
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