FI 435 Ch. 20 E3

part D

* coverage to your auto

two optional coverages to part D

* collision - defined as you crashed with another vehicle or object, collision losses are paid regardless of fault
* other-than-collision - loss due to other perils such as missiles, fire, theft, glass break, hail, explosion

non-owned auto coverage

coverage for a car you are borrowing

collision damage waiver (CDW)

unnecessary on rental car if you have collision and comprehensive insurance

does part d pat for temporary transpo expenses

yes but:

* expense must be result of covered loss
* coverage subject to daily and total limit
* includes charges from a rental company for loss of daily rental
* coverage fort owing and labor cost can be added by endorsement

exclusions to part d

* using as a taxi
* wear and tear, freezing, or mechanical or electrical breakdown
* radioactive contamination or war
* certain electronics such as radios
* tapes, records, disks
* gov destruction or confiscation
* trailer, camper body, or motor home
* racing vehicle

part D total loss payout

pays actual cosh value less deductible

pard D partial loss payout

pays only necessary amount to repair or replace damaged property of like kind and quality

diminution in value part D

insurers can add clarifying endorsement to exclude coverage for diminution on value from a direct and accidental physical damage loss

gap insurance part D

to cover difference between amount insurer pays for a totaled car and amount owed on lease or loan

part E

duties after an accident or loss

part E - what are some actions insured must perform after an accident

* notify insurance company or agent
* cooperate with insurer in the investigation
* send insurer copies of any legal notices received from accident
* take a physical of required

part F

general provisions

part F - cancellation provision