| Personal Auto Policy Endorsements | |||
|
|||
|
|
|||
|
Endorsements - Part I Endorsements can change the meaning of words and phrases that appear on the Standard Form and they can offer coverages that supplement the basic coverages that appear on the Standard Form. This course discusses the main endorsements that are used to modify the Personal Auto Policy. Suspension of Insurance PP 02 01 01 05 An insured might use the Suspension of Insurance endorsement when, for example, he or she is too ill to drive for some time, when serving overseas in the military, or when a vehicle will not be driven for an extended period of time. Coverage must be suspended for at least thirty days in order to receive a refund. ISO rules state that coverage cannot be suspended for the minimum required insurance coverages for a motor vehicle registered in the state, nor for a risk for which a financial responsibility filing is in effect. If a vehicle carries Physical Damage coverage, only collision may be suspended. Endorsement PP 02 02 is used to reinstate coverage. Federal Employees Using Autos in Government Business PP 03 01 08 86 A common situation is that a person employed by the federal government will use his or her own vehicle in the course of employment. The PAP states that an "insured" includes any "person or organization ... with respect to legal responsibility for acts or omissions of a person for whom coverage is afforded under this Part". Attaching this endorsement eliminates coverage for the federal government; the federal government self-insures. Likewise, any other person driving the covered auto on government business has no liability coverage, but only if Section 2679 of Title 28, the U.S. Code as amended, requires the Attorney General to provide a defense. Optional Limits Transportation Expenses Coverage PP 03 02 06 98 The Transportation Expenses Coverage provided under part D of the PAP is for $20 per day, to a maximum of $600, for temporary transportation expenses incurred by the named insured in the event of a loss covered under part D to a covered auto. This endorsement increases those amounts to the limits shown in the schedule of the endorsement. Towing and Labor Costs Coverage PP 03 03 04 86 The insurer agrees through the use of PP 03 03 to pay for towing and labor costs incurred each time the covered auto or any non-owned auto is disabled. The disablement can be for any reason and the amount paid under PP 03 03 is the amount scheduled on the endorsement. The insurer declares that it will only pay for labor performed at the place of disablement; repair work at the garage after the car has been towed there is not covered by PP 03 03. Extended Non-owned Coverage for Named Individual Vehicles Furnished or Available for Regular Use PP 03 06 01 05 This endorsement has been retitled with the 2005 edition of the PAP. Previously, it was simply the "extended non-owned coverage for named individual." The addition of "vehicles furnished or available for regular use" distinguishes it from the new endorsement that can be used to cover the liability exposure of a vehicle used as a livery conveyance. Trailer/Camper Body Coverage (Maximum Limit of Liability) PP 03 07 01 05 Exclusion 7. of part D under the PAP is deleted through the use of this endorsement; exclusion 8. deals with loss to trailers, camper bodies, motor homes, and facilities or equipment used with such items. PP 03 07 provides coverage for direct and accidental loss to a trailer or camper body described in the endorsement and to facilities or equipment designed to be used with the described trailer or camper body; the facilities and equipment, such as cooking, dining, or sleeping equipment, have to be in or attached to the trailer or camper body. PP 03 07 does not apply to loss to clothing or luggage, business or office equipment, or to articles that are sales samples or that are used in exhibitions. |
|||
|
Next Page >
|
|||
|
| |||
|
© Copyright CEfreedom.com and LunchTimeCE and Sandi Kruise Training Inc. All Rights Reserved. |
|||
|
Not only are policy forms, clauses, rules and court decisions constantly changing, but forms vary from company to company and state to state. This material is intended as a general guideline and might not apply to a specific situation. The authors, LunchTimeCE, Inc., CEfreedom, and LunchTimeCE and Sandi Kruise Training Inc, and any organization for whom this course is administered will have neither liability nor responsibility to any person or entity with respect to any loss or damage alleged to be caused directly or indirectly as a result of information contained in this course.
|