Personal Auto PolicyCâu 412 / 474
An insured's covered auto is stolen and returned to use 22 days later. On the standard form, transportation expense coverage pays:
a.$600, the maximum, because theft claims are capped
b.$400, since the 48-hour wait leaves 20 covered days
c.$440, counting every day the car was missing
d.Nothing, since stolen autos have no transport benefit
Giải thích
For a total theft, transportation expense coverage begins 48 hours after the theft and ends when the auto is returned to use or the insurer pays for the loss. Twenty covered days at $20 is $400, under the $600 cap, so paying the maximum overstates it. Counting all 22 days ignores the waiting period written into the form.
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Câu hỏi liên quan cùng chủ đề
- Actual cash value, the measure used to settle a physical damage loss, is:
- A car is stolen and recovered three days later with $4,300 in damage. The policy shows a $100 other-than-collision deductible and a $1,000 collision deductible. The insurer pays:
- On the standard personal auto form, transportation expenses after a covered physical damage loss are limited to:
- The insured borrows a neighbor's car and damages it in a collision costing $3,000. The insured's own two autos carry $250 and $500 collision deductibles. Part D pays:
- Which vehicle qualifies as a non-owned auto for Part D purposes?
- The transmission on the insured's car fails from age and the repair bill is $3,600. Deductibles are $500 collision and $250 other than collision. Part D pays:
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