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  What Does the HO-8 Form Cover What is Actual Cash Value? What is Replacement Cost? What is a Named Insured? What is (Part A) of Personal Auto Policy? What is (Part B) of Personal Auto Policy? What is (Part C) of Personal Auto Policy? What is (Part D) of Personal Auto Policy? What is (Part E) of Personal Auto Policy? What is (Part F) of Personal Auto Policy? What Considers you Personal Auto Eligible? TRUE or FALSE? Delivery or Commercial Use of An Eligible Vehicle Renders it Ineligible - It Must Go Under Business Auto? What enables a Vehicle to be a "Your Covered Auto" What is a Split Limit? What is a Combined Single Limit?  

Business Feb 17, 2021

 

  1. What Does the HO-8 Form Cover
  2. What is Actual Cash Value?
  3. What is Replacement Cost?
  4. What is a Named Insured?
  5. What is (Part A) of Personal Auto Policy?
  6. What is (Part B) of Personal Auto Policy?
  7. What is (Part C) of Personal Auto Policy?
  8. What is (Part D) of Personal Auto Policy?
  9. What is (Part E) of Personal Auto Policy?
  10. What is (Part F) of Personal Auto Policy?
  11. What Considers you Personal Auto Eligible?
  12. TRUE or FALSE?

    Delivery or Commercial Use of An Eligible Vehicle Renders it Ineligible - It Must Go Under Business Auto?
  13. What enables a Vehicle to be a "Your Covered Auto"
  14. What is a Split Limit?
  15. What is a Combined Single Limit?

 

Expert Solution

 

  1. What Does the HO-8 Form Cover

Provides coverage for older homes when the replacement and market value of the dwelling are disproportionate

  1. What is Actual Cash Value?

Replacement Cost - Depreciation

  1. What is Replacement Cost?

The cost to replace right away with a like/similar item

  1. What is a Named Insured?

Person or Persons designated on the policy's dec page (Main GUY)

  1. What is (Part A) of Personal Auto Policy?

Liability Coverage

  1. What is (Part B) of Personal Auto Policy?

Medical Payments

  1. What is (Part C) of Personal Auto Policy?

Uninsured Motorist

  1. What is (Part D) of Personal Auto Policy?

Coverage for Damage to Your Auto

  1. What is (Part E) of Personal Auto Policy?

Duties After an Accident or Loss

  1. What is (Part F) of Personal Auto Policy?

General Provisions

  1. What Considers you Personal Auto Eligible?

Needs a gross weight of 10,000 pounds or less. Primary use must be personal

  1. TRUE or FALSE?

    Delivery or Commercial Use of An Eligible Vehicle Renders it Ineligible - It Must Go Under Business Auto?

True

  1. What enables a Vehicle to be a "Your Covered Auto"

Any vehicle shown in the dec page, newly acquired auto, any trailer insured owns, any auto or trailer used as a substitute that the insured doesn't own

  1. What is a Split Limit?

Bodily Injury Limit (per person), Bodily Injury Limit (per accident), Property Damage Limit (per accident)

  1. What is a Combined Single Limit?

Maximum aggregate per accident no matter what

 

 

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