Part Policy Component Coverage Provided This pays for bodily injury and/or property damage caused by for which you This pays for accident-related expenses for up to years after the accident provided that thout expenses do not need the policy This coverage is designed to protect policyholders, including the named insured and his or her family, when they are negligently injured by D This part in the PAP provides two types of optional protection coverage and coverage E T Complete the following statements regarding the coverages provided by the PAP Insurance companies can express their liability coverage using either a combined limit or split limits. If a split limit is used, such as $100,000/$300,000/$100,000, then the third term in the limit expresses the maximum dollar amount that the insurance company will pay for assignment: Chapter 10 Protecting Your Property Most states allow you, as a policyholder, to seek reimbursement for your medical expenses up to the limit of your policy, even if the following are true. Check all that apply You are occupying a vehicle that is not covered by the policy You have already received compensation from your health insurance company. You haven't paid your premium for the past six months Three conditions must be met for you to receive compensation under Uninsured Motorists Coverage. These are as follows. Check all that way The only damages sustained in the codent are persona juries; property damages are not covered The injured motorist must have sustained damages The at foult motorist is underinsured or lacks insurance altogether, Underinsured motorists coverage is also available, and protects you, a policyholder, against damages caused by an at-fault or underinsured driver. 11 the at fault driver causes damage than the limit of his or her ability coverage, then your company will make up the difference, up to and then subrogates with the negligent drwer. . Collision coverage pays to repair the policyholder's vehicle Lenders and lessors typically require this coverage, and unless replacement cost coverage is taken the insurance company will pay only the vehicle's . One way to reduce your insurance premium is to your deductible Comprehensive coverage pays to repair damage to an insured's vehicle caused by pels vehide but normally does not cover collision. This part of the PAP protects the Read each of the following situations and determine if each is covered by the standard protections provided by the PAP Situation Covered Not Covered 1. Neha decided to save money by reducing the amount of liability coverage provided by her policy. She carries only the state minimum required coverage but had an accident that is expected to cost three times that limit. Will her policy cover the additional costs of the accident? 2. Sam carries $10,000 per person in medical payments coverage and was struck by a car while walking down the street with four friends. Can he seek reimbursement for his medical expenses under his PAP? 3. While driving drunk, Lorenzo struck two pedestrians and damaged two cars. He was charged with several crinal offenses, will his PAP pay for his defense against these charges? 4. While shopping for Christmas, Teresa placed several bags of presents in the trunk and then went back into the mall, five minutes after she walked away from the car, thieves broke into the trunk and stole the presents. Will her PAP pay to replace the presents? Grade It Now Save & Continue D Continue without saving Part Policy Component Coverage Provided This pays for bodily injury and/or property damage caused by for which you This pays for accident-related expenses for up to years after the accident provided that thout expenses do not need the policy This coverage is designed to protect policyholders, including the named insured and his or her family, when they are negligently injured by D This part in the PAP provides two types of optional protection coverage and coverage E T Complete the following statements regarding the coverages provided by the PAP Insurance companies can express their liability coverage using either a combined limit or split limits. If a split limit is used, such as $100,000/$300,000/$100,000, then the third term in the limit expresses the maximum dollar amount that the insurance company will pay for assignment: Chapter 10 Protecting Your Property Most states allow you, as a policyholder, to seek reimbursement for your medical expenses up to the limit of your policy, even if the following are true. Check all that apply You are occupying a vehicle that is not covered by the policy You have already received compensation from your health insurance company. You haven't paid your premium for the past six months Three conditions must be met for you to receive compensation under Uninsured Motorists Coverage. These are as follows. Check all that way The only damages sustained in the codent are persona juries; property damages are not covered The injured motorist must have sustained damages The at foult motorist is underinsured or lacks insurance altogether, Underinsured motorists coverage is also available, and protects you, a policyholder, against damages caused by an at-fault or underinsured driver. 11 the at fault driver causes damage than the limit of his or her ability coverage, then your company will make up the difference, up to and then subrogates with the negligent drwer. . Collision coverage pays to repair the policyholder's vehicle Lenders and lessors typically require this coverage, and unless replacement cost coverage is taken the insurance company will pay only the vehicle's . One way to reduce your insurance premium is to your deductible Comprehensive coverage pays to repair damage to an insured's vehicle caused by pels vehide but normally does not cover collision. This part of the PAP protects the Read each of the following situations and determine if each is covered by the standard protections provided by the PAP Situation Covered Not Covered 1. Neha decided to save money by reducing the amount of liability coverage provided by her policy. She carries only the state minimum required coverage but had an accident that is expected to cost three times that limit. Will her policy cover the additional costs of the accident? 2. Sam carries $10,000 per person in medical payments coverage and was struck by a car while walking down the street with four friends. Can he seek reimbursement for his medical expenses under his PAP? 3. While driving drunk, Lorenzo struck two pedestrians and damaged two cars. He was charged with several crinal offenses, will his PAP pay for his defense against these charges? 4. While shopping for Christmas, Teresa placed several bags of presents in the trunk and then went back into the mall, five minutes after she walked away from the car, thieves broke into the trunk and stole the presents. Will her PAP pay to replace the presents? Grade It Now Save & Continue D Continue without saving