Property & Casualty Insurance — Personal Auto & Umbrella flashcards
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The personal auto policy: definitions, eligibility, Parts A to F, split limits, uninsured motorists, collision versus other than collision, duties and exclusions; no-fault and financial responsibility; personal umbrellas; recreational vehicles and boats.
Learn deck · part of Property and casualty insurance producer licence (national portion) · written against: Property and casualty concepts common to state producer exams; ISO personal and commercial forms as commonly taught; state law excluded. Updated 2026-10-10.
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Under the personal auto policy, who are you and your?The named insured shown in the declarations and that person's spouse, if a resident of the same household.Personal Auto › Definitions & Eligibility
Watch out: the 2005 ISO edition keeps a spouse who moves out covered for up to 90 days, or until another policy names the spouse as a named insured or the policy period ends. -
Who is a family member under the personal auto policy?A person related to the named insured by blood, marriage or adoption who lives in the household, including a ward or foster child.Personal Auto › Definitions & Eligibility
Why: a married daughter living across town is not a family member and needs her own policy. -
Which vehicles count as your covered auto under the personal auto policy?Autos shown in the declarations, newly acquired autos, trailers you own, and a temporary substitute for a covered auto that is out of use.Personal Auto › Definitions & Eligibility
Why: the substitute must replace a covered auto that is out of normal use because of breakdown, repair, servicing, loss or destruction. -
Sam buys a second car to add to the one listed on his personal auto policy. Under the 2005 ISO edition, how long does he have to ask the insurer to cover it?14 days after he becomes the owner.Personal Auto › Definitions & Eligibility
Why: an added car gets the broadest coverage on any listed car if he asks in time, while a replacement car gets that same coverage without his having to ask, except for physical damage; the 2018 edition drops that difference and requires the 14-day request for replacements too. -
Once a personal auto policy has been in force for 60 days, or is a renewal, for which reasons may the insurer cancel it under the standard ISO form?Nonpayment of premium, suspension or revocation of the license of the named insured or of a driver who lives with them or customarily uses the covered auto, or material misrepresentation in getting the policy.Common Conditions
Watch out: state amendatory endorsements often change these rules. -
Two personal auto policies cover the same owned car. How does Part A share a liability loss between them?Pro rata by limits, each paying the share its limit bears to the total of all limits.Common Conditions
Why: for a vehicle the insured does not own, the policy is instead excess over any other collectible insurance. -
What is the self-insured retention in a personal umbrella policy?The amount the insured pays on a claim the umbrella covers but no underlying policy does.Umbrella & Recreational › Personal Umbrella
Why: it works like a deductible but applies only when the umbrella drops down to fill a gap in the underlying coverage. -
Why does a personal umbrella insurer require minimum auto and homeowners liability limits underneath it?The umbrella pays only above those underlying limits, so it is priced as an excess layer.Umbrella & Recreational › Personal Umbrella
Watch out: if the insured drops or reduces the underlying coverage, the umbrella still pays as though the required limits were in force, leaving the insured to pay the gap. -
An insured has two hundred fifty thousand dollars of auto liability per person and a one-million-dollar personal umbrella. A one-million-dollar judgment is entered for one injured person. Who pays what?The auto policy pays two hundred fifty thousand and the umbrella pays seven hundred fifty thousand.Umbrella & Recreational › Personal Umbrella
Why: the umbrella pays above the underlying limit, up to its own limit. -
A neighbor sues the insured for libel, which his homeowners policy does not cover but his personal umbrella does. How does the umbrella respond?It drops down to cover the claim once the insured pays the self-insured retention.Umbrella & Recreational › Personal Umbrella
Why: an umbrella is broader than its underlying policies, so it fills some gaps as well as adding limits.
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About these cards
Review status: Second-reader reviewed, with corrections applied.
Checked against:
- Policy provisions described from the ISO personal and commercial forms as commonly taught on licensing exams (homeowners, dwelling, personal auto, commercial property, CGL), in our own words; no form text reproduced. Edition differences and state amendatory endorsements vary.
- Personal auto cards checked against the ISO Personal Auto Policy PP 00 01 01 05 (2018-edition notes against PP 00 01 09 18) and endorsements PP 03 05 08 86 (loss payable), PP 03 06 01 05 (extended non-owned) and PP 03 23 01 05 (miscellaneous type vehicle), in filed copies; homeowners cards against ISO HO 00 03 05 11.
- General insurance and tort principles written from author knowledge; no textbook, prep-course or question-bank text copied. National content only: state insurance law, fees and figures indexed yearly are excluded.
- Snowmobile endorsement checked against an Illinois Department of Insurance news release (9 February 2010) (reference only; no text copied).
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Not insurance or legal advice. These cards cover the national portion of the producer licensing exam only. State insurance law and your state's exam content are not included; check your state's insurance department and its candidate handbook.
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