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21 Cards in this Set
- Front
- Back
Sections of liability Coverage on SPF No.1 ( owners form ) |
There are four sections of liability coverage in an automobile policy : |
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3)Section C- Loss or damage to insured automobile overview |
Only saskatchewan and manitoba require physical damage by legislation. But mortgagees on loans using insist on it |
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3)Section C- Loss or damage to insured automobile - insuring agreement |
The insurers will idemnify the insured against direct and accidental loss/damage to insured automobile and equipment under this section |
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3)Section C- Loss or damage to insured automobile coverage options |
there are four coverage options available : |
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2)Section B- accident benefitsexclusions |
a) most provinces will not pay for : damage caused by sucide or attempted suicide |
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unidentified automobile defined |
One which causes bodily injury / death to an insured by actual contact of auto to auto occupied by insured. Must prove: |
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Uninsured Automobile defined |
one with neither driver nor owner has applicable / collectible bodily injury liability |
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2)Section B- accident benefits overview |
legislation requires auto owners be provided with accident benefits on a "no fault basis " ( benefits paid regardless of fault) |
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2)Section B- accident benefits - who is entitled to the benefits |
a) insured |
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2)Section B- accident benefits insuring agreement |
subsection 1- medical and funeral expenses |
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1) Section A- third party liability overview |
finical responsibility laws require owners to purchase min 200,000 third party liability insurance |
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1) Section A- third party liability insuring agreement |
coverage is provided to : |
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1) Section A- third party liability exclusions |
no coverage when : |
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priority payment rule for third party liability |
when total claim for bodily injury / damage reaches the min $200,000, 80-90% ( depending on province) of limit is reserved for bodily injury |
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3)Section C- Loss or damage to insured automobile deductible clause |
when two coverage options ( of the 4) are purchased a different deductible may be selected for each ( ex. collision $400, comprehensive $300) |
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3)Section C- Loss or damage to insured automobile - exclusions |
not covered: |
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3)Section C- Loss or damage to insured automobile additional agreements |
a) insurer extends damage coverage to : general average , salvage, fire department charges, custom duties of canada/usa |
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4) Section D - Uninsured and unidentified automobile coverage persons insured |
The person insured in an unidentified/uninsured ( can be inadequate coverage) depends on the loss. |
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4) Section D - Uninsured and unidentified automobile coverage Coverage available |
a) physical damage to insured auto loss/damage to contents- only when caused by UNINSURED . Unidentified vehicle is covered under section C . $250 deductible |
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4) Section D - Uninsured and unidentified automobile coverage exclusions |
1) amount paid by insurer can not exceed the min statutory limit of liability ( gov. 200,000) |
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4) Section D - Uninsured and unidentified automobile coverage notice of proof of claim for bodily injury / death |
a) written claim to insurer within 30 days |