Which of the following persons Cannot collect a claim payment under uninsured motorist coverage?

Which of the following persons cannot collect a claim payment under Uninsured Motorist coverage? The owner of a parked car struck by a falling object; Claimants must sustain injury caused by the owner or operator of an uninsured motor vehicle who is legally responsible for the accident.

What is the deductible of a personal liability umbrella policy called?

Some personal umbrella liability policies have deductibles (also called the retained limit) as small as $250, but deductibles of $5,000 or $10,000 are not uncommon.

Which of the following personal auto coverages would pay for the insured’s travel expenses and loss of earnings while involved in the settlement process of a covered loss?

Which of the following personal auto coverages would pay for the insured’s travel expenses and loss of earnings while involved in the settlement process of a covered loss? Liability coverage.

Which of the following does not pay regardless of fault?

Which of the following does not pay regardless of fault? Uninsured Motorist Bodily Injury –The other party must be legally responsible for bodily injury to an insured that arises out of ownership, maintenance, or use of an uninsured motor vehicle in order for this coverage to apply.

Who would be considered an insured under a personal auto policy?

“Insured” as used in this Part means: 1. You or any “family member”. 2. Any other person “occupying” “your covered auto”.

What is not covered under a personal auto policy?

Whether you’re commuting to work, taking a road trip, or completing errands, your personal auto policy should cover you. However, it may not cover you if you use your vehicle for business, even if you are just delivering pizzas or working for a rideshare company. You may need business insurance for these uses.

Is umbrella insurance really necessary?

Umbrella insurance isn’t required by law but is most often purchased by people who have a lot of assets to protect or a high chance of being sued. It might be worth purchasing umbrella insurance coverage if you: Own property. Have significant savings or other assets.

Do I have to notify my insurance company of a speeding ticket?

You should inform your insurance company of any penalty points you have received. The details you provide to them form the basis for your insurance quote and subsequent insurance cover. If any of the details change or are incorrect and you do not inform your insurer, it may affect your cover.

What is the basic limit for towing and labor cost if added as an endorsement on a personal auto policy?

What is the basic limit for costs incurred at the place a vehicle is disabled provided by the towing and labor costs endorsement? This endorsement provides a basic limit of $25 for towing and labor costs incurred at the place a vehicle is disabled. Higher limits are available for an additional premium.

Which vehicle would not be a covered auto under the personal auto policy?

Even though your Personal Auto Policy appears to exclude all business use (except farming and ranching), the exclusion does not apply to “private passenger autos, pickups, motorhomes and vans, or trailers used with one of these vehicles”.

What are the three major parts of a personal auto policy?

The Three Basic Parts of an Auto Insurance Policy

• Other Party: Auto Insurance Bodily Injury (BI) Liability and Property Damage (PD) coverage is Legally required in most states today.
• You and Your Family: Now let’s turn the above accident around.
• Your Car.

What types of vehicles are covered under a personal auto policy?

Automobile Insurance — the Personal Auto Policy (PAP)

• Auto insurance, in spite of the name, covers most types of motor vehicles that are not primarily commercial vehicles, including cars, trucks, and vans.
• Most insurance companies use standardized insurance policies rather than creating their own from scratch.

Is umbrella policy a waste of money?

No, an umbrella policy is not a waste of money for people with more than $500,000 in assets. Umbrella policies provide liability coverage beyond the limits of another insurance policy, and even if a policyholder never files an umbrella claim, the low cost of coverage is usually worth the added financial protection.