Insurance Services Office, Inc. (ISO), personal auto policy (PAP)
Combines property and liability insurance in a single policy to protect families and
... [Show More] individuals.
Property Insurance
Protects the vehicle from loss due to fire or collision.
Liability Insurance
Protects the owner or operator if the vehicle is involved in an accident that results in injury or death.
Three Major Parts of Pap
Declaration page, the personal auto coverage form, and any applicable endorsements that amend various policy provisions.
Part A-Liability Coverage
Insuring agreement, Supplementary payments, Exclusions, Limit of Liability, Out of State coverage, Financial Responsibility, and Other Insurance
part B- Medical Payments Coverage
Insuring Agreement, Exclusions, Limit of Liability, Other Insurance
Part C-Uninsured Medical Coverage
Insuring Agreement, Exclusions, Limit of Liability, Other Insurance, Arbitration
Part D- Coverage for Damage to Your Auto
Insuring Agreement, Transportation Expenses, Exclusions, Limit of Liability, Payment of Loss, No Benefit to Bailee, Other Sources of Recovery, Appraisal
Part E
Duties After an Accident or Loss
Part F- General Provisions
Bankruptcy, Changes, Fraud, Legal Action Against Us, Our Right to Recover Payment, Policy Period and territory, Termination, Transfer of Your Interest in This Policy, Two or More Auto Policies
Liability Coverage
Applies to damages arising out of bodily injury or property damage.
Bodily Injury
Includes: bodily harm, sickness, disease, and death. Injury must be physically apparent.
Property Damage
Physical injury, destruction, or loss of use of tangible property. Coverage applies to losses that are actual and measurable.
"Your Covered auto"
4 types of autos: vehicles shown in the declarations, newly acquired autos, owned trailers, temporary substitute autos
Because Leanne's personal auto policy (PAP) provides liability coverage on temporary substitute autos, it will protect her if she is driving:
a. a delivery van for her employer
b. her sister's car out of the garage to make room for Leanne's car
c. a truck she borrows from a friend while Leanne's car undergoes repairs
d. a church van because the usual driver is sick.
C. A truck she borrows from a friend while Leanne's car undergoes repairs. [Show Less]