Personal Auto PolicyPregunta 424 de 474
The insurer pays a $6,000 collision claim and then pursues the at-fault driver for that money. This right is called:
a.Salvage, the insurer's right to sell the damaged car
b.Subrogation, the insurer's right to recover payment
c.Appraisal, a method of settling a value dispute
d.Abandonment, the insured's right to hand over the car
Explicación
Under the general provisions the insurer that pays a loss steps into the insured's place against the party responsible, and the insured must sign papers and do nothing to impair that right. Salvage is the insurer taking the damaged property it paid for, not a claim against the wrongdoer. Appraisal settles a disagreement over the amount of a loss, and property cannot simply be abandoned to the insurer.
Practica las 474 preguntas gratis — sin registro.
Own the complete Personal Lines Insurance Producer guide — PDF + EPUB, $19.99 →
Preguntas relacionadas de este tema
- When the insured's covered auto is stolen, Part E specifically requires the insured to:
- At the insurer's request, a person seeking coverage under Part E may be required to:
- The policy territory of a personal auto policy covers accidents that occur in:
- Two personal auto policies issued to the same named insured by the same insurer apply to one accident. The maximum payable is:
- Under the general provisions, the insured may not bring legal action against the insurer until:
- The towing and labor costs endorsement on a personal auto policy pays for:
Última revisión: · proceso editorial
Equipo de PrepPass · Verificado con California Personal Lines Insurance License Exam · Cómo revisamos