Principles of Risk Management and Insurance, 13th Edition

Review Questions

1. The Personal Auto Policy contains several coverages that meet the insurance needs of typical insureds. For each of the following coverages, briefly describe the type of coverage provided, and give an example of a loss that would be covered.

   1. Part A: Liability Coverage

   2. Part B: Medical Payments Coverage

   3. Part C: Uninsured Motorists Coverage

   4. Part D: Coverage for Damage to Your Auto

2. The PAP provides coverage for your covered auto. Identify the four classes of vehicles that are considered to be covered autos.

3. The PAP provides liability coverage to four groups. Identify the four groups of persons or parties who can be insured under the PAP.

4. In addition to the policy limits and a legal defense, the PAP provides for certain supplementary ...