Term
What is PAP? Does this include motorcycle? |
|
Definition
PAP is a Personal Auto Policy. Motorcycles are not covered since they have less than 4 wheels. |
|
|
Term
| Can a person collect under both their PAP and the uninsured motorist coverage? |
|
Definition
| NO. No duplicate payments under PAP Parts A, B, and C. |
|
|
Term
1. Does PAP, part A include coverage for intentional damager? 2. Does PAP, part B cover medical expenses resulting from a motorcycle test drive? |
|
Definition
1. NO. 2. NO because less than 4 wheels. |
|
|
Term
| What four classes of vehicles are covered under PAP, "your covered auto"? |
|
Definition
Any vehicle shown in the declaration. A trailer owned by the insured. A temporary substitute auto or trailer. A newly acquired auto |
|
|
Term
| How are an additional auto and a replacement auto treated differently under you PAP? |
|
Definition
An additional auto is automatically covered for 14 days when the named insured becomes the owner. A replacement auto is covered for the remainer of the policy period even if the insured does not ask to have it covered. |
|
|
Term
What's included under supplementary payments in Part A of the PAP? |
|
Definition
1. Bail Bonds. 2. Premiums on appeal bonds 3. Post judgement interest 4. Lost earnings due to attending hearings and trials at the insurer's request. 5. Other reasonable expenses made at the insurer's request. |
|
|
Term
| Uninsured motorist coverage covers the following three groups of persons: |
|
Definition
Named insured and family members. Others occupying the vehicle. Others entitled due to relationship with anyone above. |
|
|
Term
What are parts A thru F of the PAP? LI MED UN DAM DUT GEN |
|
Definition
A = Liability B = Medical Payments C = Uninsured Motorist Coverage D = Damage to your auto E = Duties after an accident or loss F = General provisions (cancellation, termination) |
|
|
Term
Critical times for certain definitions: 1. Owned includes lease 2. Newly acquired car when policy HAS NO collision. 3. Newly acquired car when policy DOES HAVE collison. |
|
Definition
1. At least a six month lease, but not a two-week rental. 2. 4 days of full coverage with $500 deductible. 3. 14 days |
|
|
Term
In a split limit policy, what are $100/$300/$50? |
|
Definition
Bodily injury limit of $100k/person. for up to $300k per accident and a $50k property damage liability. |
|
|
Term
| Difference in split limit 100/300/50and single limit of 300 PAPs? |
|
Definition
If three injured, each receives up to 100k. If 4 injured, $300 is the limit. 50 is the limit on liability for property damage. Single limit, the insurer is limited to total of 300 per accident for liability for bodily injury and property damage. |
|
|
Term
| What are compensatory damages? |
|
Definition
Includes both Special and General damages. Special are out-of-pocket such as doctor and hospital bills. General are include pain and suffering. |
|
|
