Personal Auto Policy第 408 / 474 题
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:
a.$13,500, because the $500 collision deductible applies
b.$13,750, the actual cash value less the deductible
c.$14,000, because theft losses are paid in full
d.The original purchase price of the car, less $250
解析
Theft is an other-than-collision cause of loss, so that deductible comes off the auto's actual cash value: $14,000 - $250 = $13,750. Collision does not respond to a theft, so subtracting a collision deductible for $13,500 applies the wrong coverage. Actual cash value, not the price the insured once paid, measures a physical damage loss.
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同考点相关题目
- Physical damage coverage on a personal auto policy is best described as:
- 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:
- 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:
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