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Insurance & Risk Management
17. Chapter 20: Auto Insurance/Part D: Coverage for Damage to Your Auto
17. Chapter 20: Auto Insurance Illustration
Syllabus Slides

Part D: Coverage for Damage to Your Auto

01.Core Concepts

If more than one auto policy covers a physical damage loss: The insurer pays its pro rata share of the loss for an owned vehicle The insurance coverage is excess over any other insurance for a nonowned vehicle The policy includes an appraisal provision for handling disputes over the amount of a physical damage loss Either party can demand an appraisal of the loss