RMIN 4000 UGA Test 3| Questions and Answers 100% Accurate!

Auto Insurance - ANSWER--6 or 12 month policy -premiums usually paid monthly or quarterly 5 general types of auto coverage - ANSWER-1. liability 2. damage 3. uninsured motorist 4. medical payments 5. convenience coverage Personal Auto Policy (PAP) - ANSWER---3rd party coverages (payments to someone else): •Part A: Liability Coverage (required by state) --1st party coverages (payments to you): •Part B: Medical Payments Coverage •Part C: Uninsured Motorists Coverage •Part D: Coverage for Damage to Your Auto --Other provisions: •Part E: Duties after an Accident or Loss •Part F: General Provisions What vehicles are covered? - ANSWER-•Any vehicle shown in the declarations •A newly acquired vehicle (notify insurer ASAP, definitely within 14 days) •A trailer owned by the named insured •A temporary substitute vehicle, which is a non-owned auto or trailer used temporarily because of mechanical breakdown, repair, servicing, loss, or destruction of a covered vehicle damage coverage - ANSWER-damage to your vehicle uninsured motorist coverage - ANSWER-3rd party without insurance causes BI to you or your passengers medical payments coverage - ANSWER-BI to you or your passengers Convenience Coverage - ANSWER-towing, rental reimbursement, etc. Part A: Liability Coverage - ANSWER-•Required by state law •There is a duty to own, maintain and operate your vehicle in a manner that does not injure others or damage their property. •If you fail in that duty - even accidentally - you are responsible for injuries / damages to others. •Insuring agreement- insurer pays any damages for PI or BD for which any insured is legally responsible because of an auto accident Part A: Who is covered? - ANSWER-•The named insured and any resident family member •Any person using the named insured's covered auto with permission •Any person or organization legally responsible for any insured's use of a covered auto on behalf of that person or organization oEx: Employer is sued if you get in an accident while on a work trip