(A) This option removes any uncertainty regarding compliance with the coinsurance clause. (B) Insurers typically require proof of value before providing agreed value coverage. (C) Agreed values of the property are shown on the policy’s declarations page. (D) If the ...

(A) A vehicle for which no bodily injury liability insurance or bond applies at the time of the accident. (B) A hit-and-run vehicle whose operator cannot be identified. (C) An uninsured vehicle furnished for regular use by a family member.

(A) Joint underwriting association. (B) Automobile insurance plan. (C) Unsatisfied judgment fund. (D) Reinsurance facility. (E) Specialty automobile plan.

Liability coverage – Part A is the most common part of the Personal Auto Policy (PAP). Which of the following is NOT covered under the liability section of the PAP? (A) A newly acquired auto that replaces a vehicle previously described ...

Which of the following is true regarding “drop-down” coverage that pays claims for which the underlying commercial liability policies do not provide coverage, regardless of aggregate limits? I. It is provided by commercial excess liability insurance. II. It is provided by ...