Overview of Personal Auto Policy

The Personal Auto Policy (PAP) includes: Part A: Liability Coverage Part B: Medical Payments Coverage Part C: Uninsured Motorist Coverage Part D: Coverage for Damage to Your Auto

i. Other than collision

ii. Collision Part E: Duties after an Accident or Loss Part F: General Provisions

Segment 2. Auto o Identify and describe two (2) risks you might face related to the ownership and/or operation of personal automobiles. Explain the actual loss exposure, including the peril causing the loss, any potential hazards involved increasing the severity of the loss, and the potential loss itself (property damage, bodily injury, liability exposure, etc.). o Identify the Part(s) under a Personal Auto Policy (PAP) that would cover each of those loss exposures. Be sure to ID both the Part letter (Part A, B, C, D) and the name of the coverage itself. Don't forget that Part D has 2 subparts, so if Part D applies, ID which part of Part D. o How can you employ the following risk control methods (discuss the application of at least one of the following in connection with each of the identified risks)? Explain: Prevention Reduction