Commercial auto

Truckers coverage form

A commercial auto coverage form that is designed for insurance engaged in the business of transporting goods for others is a

The loaner vehicle is covered by the business auto policy

A dealership loans a car to a customer to use while the dealership is repairing the customers car. If the dealership has business auto physical damage coverage and the customers automobile insurance does not cover damages to loaner cars, which of the following is true?

The damage occurred when the concrete fell

A parking garage owner completed major renovations to a parking garage just prior to selling it to another company. Three months later, overhead concrete fell onto cars in the second floor level. Under the garage coverage policy conditions, which of the following is true

Business auto coverage form may apply

A small trucking company stops transporting him for area for most and begins to haul hay for its own form exclusively. We go to the coverage on its trucks, which of the following is true?

Coverage is provided at additional premium

A start up used car dealership buys cars at auto auction in 30 states. He wants to be certain that damage coverage is provided when the cars are driven or transported from the options to the dealership. In regard to that business auto physical damage coverage, which is true?

Trailer interchange coverage

A trucking business swap with other trailers with other carriers. What coverage is necessary to cover loss to the others trailer while in the borrowers possession?

There is no coverage

A used car dealer takes a car in trade as partial payment for a car on its Car lot. The customer promises to bring the cars title but does not. Another customer takes the trade-in for a test drive and has an accident. And we go to the dealerships business auto physical damage coverage, which of the following is true?

$41,700

And auto dealer reported $500,000 worth of automobiles on his lot at the end of me to with insurer. On June 10 it received $200,000 with the cars. By June 20, the dealership sold $100,000 worth of cars. A hailstorm on June 21 caused $50,000 worth of damage to the inventory. Without considering any deductibles, how much will the insurance pay for the damages?

Drive other car coverage

And employee drives a company auto, but does not own a vehicle herself. What endorsement could be added to the insurance policy covering the company order that would provide coverage to the employee when she drive someone else's car for her personal use?

The sole proprietor of the business and his or her family members

That individual named insured endorsement under commercial auto policy provides coverage for which of the following?

Auto businesses, such as auto dealers, service stations, and auto repair shops

The garage coverage form is used to insure

MCS - 90

To comply with the requirements for insurance for public liability under the motor carrier act of 1980, which endorsement is added to motor carrier coverage form?

No coverage is applicable

To perform work on a customers car, a mechanic in an auto shop had to put the vehicle on a service waste. The hoist collapsed, damaging vehicle and injuring the mechanic. In regard to the garage coverage form, which of the following statements is true?

$20 per day, $600 maximum

Tom's truck services vehicle is stolen. The policyholder me up teen coverage for transportation expenses subject to which of the following limits?

When being carried or towed by a covered auto

Under the business auto coverage form, mobile equipment is covered for liability insurance

When being carried or towed by covered auto

Under the business auto coverage form, mobile equipment is covered for liability insurance

The lesser of the actual cash value or the cost to repair or replace a covered auto

Under the limits of insurance provision found in the physical damage coverage form in a commercial auto policy how much will an insurer pay to repair or replace a cupboard auto?

United States and its territories, Canada, or worldwide for private passenger hired autos

What is the business auto coverage territory for?

Employees as insureds

Which endorsement under the commercial auto policy provides the insurance employees additional protection while using a vehicle not found/hired or borrowed for the insurance business?

Employees as insureds

Which endorsement under the commercial auto policy provides the insurance employees additional protection while using a vehicle not owned, hired or borrowed for the insured business?

Individual name insured

Which of the following endorsements is used by individual business owners who use company vehicles for personal use rather than purchasing A personal vehicle?

A garage liability coverage

Which of the following policies will help an auto dealership cover most of it's liability exposures?

The endorsement is available for additional premium

Which of the following statements is true regarding a mobile equipment endorsement in commercial auto policy's?

The endorsement is available for additional premium

Which of the following statements is true regarding a mobile equipment endorsement in commercial auto policy?

Symbol five

Which of the following symbols is available to an insured with vehicles subject to no-fault coverage?

Anyone while using, with permission, I covered auto owned by the name insured

Which of the following would be considered an insured under a business auto coverage form?

Symbol nine nonowned auto is only

Which one of the following symbols used in business auto coverage is correctly described?

The owner of a car the insured borrows

Who is not an insured for liability on a BAP?

Vehicle furnished for used to an insured by an auto repair shop, as a temporary substitute, while the insured's covered auto is being serviced

With regard to the commercial auto policy, all of the following autos would be classified as owned autos except

The insurance business income losses due to personal injury

With respect to commercial auto policy's, the garage coverage form provides liability protection for all of the following except

The insured's business income losses due to personal injury

With respect two commercial auto policy's, their garage coverage form provides liability protection for all of the following except

Owned Watercraft liability

All of the following are optional coverages that may be attached to a garage policy except

No coverage is provided for any auto storage for more than 45 days at a location not shown in the declarations

All the following statements are false regarding garage physical damage coverage except