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Questions and Answers
What does S.E.F.No. 44 cover in terms of motorist liability?
S.E.F.No. 44 covers injury or death caused by an underinsured or uninsured motorist.
What is the purpose of the S.E.F.No. 20 Loss of Use Endorsement?
It pays for rental of a substitute automobile or for public transportation when the insured vehicle is unusable.
What does the S.E.F.No. 5c Permission to Rent or Lease Endorsement extend to?
It extends the policy to lessors when insured automobiles are rented or leased for periods less than 30 days.
What limitations are associated with S.E.F.No. 27 Legal Liability for Damage to Non-Owned Automobiles Endorsement?
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What does the S.P.F.No. 8 Standard Lessor’s Contingent Automobile Policy provide?
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What type of coverage does the S.E.F.No. 5d Conversion Coverage Endorsement offer?
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What is the function of the S.E.F.No. 6a Permission to Carry Passengers for Compensation Endorsement?
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What are the key features of the S.E.F.No. 6b Revised School Bus Endorsement?
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Study Notes
Vehicle Insurance Endorsements
- S.P.F.No. 1: Owner's form for private, commercial, and public vehicles.
Family Protection Endorsement
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S.E.F.No. 44: Covers injury or death due to:
- Underinsured motorists
- Uninsured motorists
Loss of Use Endorsement
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S.E.F.No. 20: Provides costs for:
- Rental of a substitute automobile
- Taxicabs or public transportation
- Coverage starts immediately when the vehicle is unusable
Permission to Rent or Lease Endorsements
- S.E.F.No. 5: Permission for long-term automobile rental or lease.
- S.E.F.No. 5c: Extends policy to lessors for rentals or leases under 30 days.
Legal Liability for Damage
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S.E.F.No. 27:
- Coverage limited to the insured and spouse.
- Covers perils similar to S.P.F.No. 1.
- Restriction: One automobile may be rented or leased at a time.
- Coverage often limited to specific automobile types with a maximum limit per occurrence.
Standard Lessor’s Contingent Coverage
- S.P.F.No. 8: Indemnifies lessors from losses due to lessee's failure to maintain required insurance as per the lease contract.
Conversion Coverage
- S.P.F.No. 5d: Covers losses from dishonest acts by the lessee leading to loss of the automobile to the lessor.
Endorsements for Special Permissions
- S.E.F.No. 4a: Permission to carry explosives.
- S.E.F.No. 4b: Permission to carry radioactive materials.
- S.E.F.No. 6a: Permission to carry passengers for compensation (e.g., for transporting employees).
- S.E.F.No. 6b: Revised School Bus Endorsement for carrying passengers for hire or compensation.
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Description
This quiz covers various insurance endorsements related to private and commercial vehicles, including family protection and loss of use endorsements. Test your knowledge on the details and coverage options of these endorsements.
