Unit 17 Casualty ⭐

Commercial auto policy used for most businesses

Business Auto Coverage Form (BACF)

Businesses that use the Garage Coverage Form

Auto Dealers and Repair Shops

Coverage form for Businesses that haul goods for others

Truckers Coverage Form

Coverage form for Businesses that primarily haul their own goods

Motor Carrier Coverage Form

Vehicle designed for public roads or subject to motor vehicle laws

Auto

Smoke, fumes, chemicals, waste, or contaminants

Pollutants

Any Auto

Symbol 1

Owned Autos Only

Symbol 2

Which symbol for Owned Private Passenger Autos Only

Symbol 3

Owned Autos Other Than Private Passenger

Symbol 4

Which symbol is Owned Autos Subject to No-Fault Law

Symbol 5

which symbol for Owned Autos Subject to Uninsured Motorist Law

Symbol 6

Specifically Described Autos

Symbol 7

Which symbol is Hired Autos Only

Symbol 8

Which symbol is Nonowned Autos Only

Symbol 9

which symbol for Mobile Equipment Subject to Motor Vehicle Laws

Symbol 19

Broadest Commercial Auto Symbol

Symbol 1

Symbol for Specifically Described Autos

Symbol 7

what symbol for Rental, leased, hired, or borrowed vehicle used by a business

Symbol 8

which symbol Employee's personal vehicle used for company business

Symbol 9

Time allowed to report a newly acquired auto under Symbol 7

30 Days

Temporary substitute auto, trailer under 2,000 pounds, and mobile equipment being towed

Additional Covered Autos

Coverage paying for bodily injury and property damage caused by a covered auto

Liability Coverage

Named insured and employees driving covered vehicles

Who Is Insured

Intentional injury, employee injuries, pollution, racing, and care-custody-control property

Major Liability Exclusions

Commercial Auto supplementary payment limit for bail bonds

$2,000

Commercial Auto supplementary payment limit for loss of earnings

$250 Per Day

Rule extending limits when another state requires higher limits

Out-of-State Coverage

United States, territories, possessions, Puerto Rico, and Canada

Coverage Territory

Worldwide coverage for hired, leased, rented, or borrowed private passenger autos for 30 days or less

Worldwide Coverage Exception

What does Collision coverage cover?

Collision and overturn

What does Comprehensive (OTC) cover?

Glass breakage, theft, falling objects, and animal contact

Fire, lightning, explosion, theft, wind, hail, flood, earthquake, vandalism, and transportation losses

Specified Causes of Loss

What are the physical damage exclusions

Wear and tear, mechanical breakdown, tire damage, and racing

Policy that pays first

Primary Insurance

Policy that pays after primary insurance is exhausted

Excess Insurance

What is the Other Insurance Rule?

Owned Auto = Primary; Nonowned Auto = Excess

what symbol for customer autos left for repair, storage, or service

Symbol 30

Symbol for Dealer inventory autos

Symbol 31

Coverage for customer vehicles while in a garage's care

Garagekeepers Coverage

Proof of financial responsibility required by the Motor Carrier Act

MCS-90 Endorsement

Minimum liability limit for nonhazardous property carriers

$750,000

Minimum liability limit for hazardous materials carriers

$1,000,000

Minimum liability limit for highly hazardous materials carriers

$5,000,000

Coverage for nonowned trailers in the insured's possession

Trailer Interchange Coverage

symbol for Borrowed or leased trailer

Symbol 48

Which symbol is Owned trailer in another party's possession

Symbol 49

Endorsement extending coverage to a named individual and spouse while driving nonowned autos

Drive Other Car (DOC)

Endorsement extending coverage to family members

Individual Named Insured Endorsement

Endorsement treating a leased auto as an owned auto

Additional Insured - Lessor

Coverage for a truck tractor when no trailer is attached

Bobtail Endorsement

Endorsement treating mobile equipment as a covered auto

Mobile Equipment Endorsement