Commercial Auto Module D- The Garage Policy

Liability arising from damage to the property of a customer left in the insured's care.

Part II - Liability of the Auto Dealers' (Garage) coverage form provides coverage for all of the following, EXCEPT: A. Liability arising from the ownership of a covered auto. B. Liability arising from damage to the property of a customer left in the insured's care. C. Liability arising from the use of a covered auto.

symbols; liability; keepers; damage

The Garage Coverage form includes: Part I- covered autos; this section identifies the covered auto ____ listed on dec page Part II- _______: the section provides coverage for auto liability incurred from driving an insd vehicle Part III- garage ______ liability: this coverage was designed to cover the insured's liability for damage to customer's auto's in the insured's care, custody or control Part IV- physical ______: this section of the garage form includes coverage for collision, comprehensive (other than collision), or the specified cause of loss

garage

The _______ coverage form can be written as an individual policy, or attached to a commercial package policy to cover auto dealerships, auto repair or garages.

Symbol 31.

The insured auto dealer has opted to include Part IV - Garage Physical Damage coverage to her policy. Which of the following symbols must be indicated on the Declarations page of the policy for physical damage coverage to apply? A. Symbol 30. B. Symbol 31. C. Symbol 32

auto; only; fault

The symbols used in the garage form to identify "covered autos" are as follows: 1. symbol 21: any _____ 2 symbol 22: owned autos _____ 3. symbol 23: owned private passengers auto only 4. symbol 24: owned autos other than private passenger autos only 5. symbol 25: owned autos subject to no _____ benefits 6. symbol 26: owned autos subject to compulsory uninsured motorists laws 7. symbol 27: specifically described autos 8. symbol 28: hired autos only 9. symbol 29: non owned autos used in garage business

Medical payments coverage for the insured.

The unendorsed standard Garage Coverage form includes all of the following, EXCEPT: A. Garage physical damage coverage for the insured. B. Medical payments coverage for the insured. C. Garagekeepers physical damage coverage for property of others.

Garagekeeper's liability

What coverage is used to cover damage to a customer's auto in the care and custody of a repair garage? A. Garage liability. B. Physical Damage coverage. C. Garagekeeper's liability

Symbol 25.

Which Garage Coverage form symbol is used to indicate that the covered automobile(s) is/are subject to a compulsory "no-fault" law? A. Symbol 26. B. Symbol 28. C Symbol 25.

Collision.

Which of the following coverages does NOT need to be added to a Garage Coverage form by endorsement for coverage to apply? A. Uninsured motorists. B. Collision C. Personal injury protection (PIP).

Symbol 21.

Which of the following symbols when indicated on an Auto Dealers' (Garage) form indicates coverage for "any auto"? A. Symbol 21. B. Symbol 22. C. Symbol 24.

The Garagekeepers' direct primary coverage pays for damages to a customer's vehicle regardless of fault.

Which of the garage policy coverages will pay for physical damage to a garage customer's auto regardless of legal liability? A. Section II - Garage Liability coverage. B. Section IV - Garage physical damage coverage. C. The Garagekeepers' direct primary coverage pays for damages to a customer's vehicle regardless of fault.

personal injury protection

______ _____ protection also known as PIP; is a component of auto insurance that covers medical expenses regardless of who is at fault in an accident

trucks, day to day

auto dealerships that can be covered with the garage forms include those that sell: autos, _______, motorcycles, recreational vehicles or trailers *the garage form provides coverages for the ____ to ____ operations of these types of businesses

22

if insured opts to add medical payments coverage by endorsement, symbol __ must be indicated bc it provides coverage for "owned autos only"

31

physical damage coverage for auto dealers must include symbol ___ to cover vehicles in stock for sale

31; left; physical

symbols 21 through 29 follow the BAP symbols 1-9. However, symbols 30 and ____ are unique to Garage forms. Symbol 30: provides coverage for autos _____ with insured business for service or repair. If this symbol is indicated on the dec page, we know that garage keeps liability coverage has been added to the policy Symbol 31: provides coverage for ________ damage to auto dealers automobiles. If this symbol is on dec page, we know that the physical damage coverage part has been added to policy

False; legal title

the _______ pretense endorsement provides coverage for an auto dealer who voluntarily parts with a vehicle due to a trick or scheme. this endorsement also provides coverage when a dealer acquires an auto from someone who doesn't possess _______

any auto; 21

the garage form requires that auto dealers carry liability covered for ________. this means that any auto dealer covered for liability must show symbol ___ on dec page.

blanket ; 50

typically, auto dealerships will purchase Garage Physical Damage coverage on a _______ basis so that all vehicles are covered under a single limit of insurance rather than making an attempt to insure each individual auto in their inventory. Also, if a vehicle in inventory is driven more than ___ miles from the point of purchase, collision coverage will be EXCLUDED