Personal Auto Policy第 405 / 474 题
Physical damage coverage on a personal auto policy is best described as:
a.Coverage every policy must include by federal law
b.Coverage that pays the loan balance rather than value
c.Optional coverage that a lienholder requires
d.Coverage automatically added when a car is financed
解析
Collision and other-than-collision are separate optional purchases, but a lender financing the car requires them and is shown as a loss payee on the declarations. There is no federal mandate to buy them; auto insurance requirements are set at state level. The insurer owes the value of the damaged auto, not whatever is left on the loan.
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同考点相关题目
- A rock thrown up by a passing truck cracks the insured's windshield. Under Part D this loss is:
- Rising flood water fills the insured's parked car and ruins it. Under a personal auto policy carrying both physical damage coverages, the loss is:
- Vandals scratch the paint and slash the seats of a parked car, causing $1,250 in damage. The auto carries a $250 other-than-collision deductible. The insurer pays:
- Repairing the insured's car after an at-fault collision would cost $9,400, but the car's actual cash value is $8,000. With a $500 collision deductible, the insurer pays:
- In one policy year an insured has a $2,000 hail loss and, four months later, a $3,000 collision loss. Deductibles are $250 other than collision and $500 collision. The insurer pays in total:
- The insured's car is stolen and never recovered. Its actual cash value at the time of the theft is $14,000 and the other-than-collision deductible is $250. The insurer pays:
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