Question

Which of the following is NOT a true statement concerning auto physical damage coverage under a Personal or Business Auto policy?

(A) Transportation Expenses (a/k/a rental reimbursement) ends when the covered auto is repaired and returned to use or the company pays for its loss.
(B) Physical Damage coverage applies only when the Insured is not at fault.
(C) Collision and Comprehensive (Other than Collision) claims are adjusted on an Actual Cash Value (ACV) basis.
(D) A "total loss" is declared when the cost to repair is 80% of the value of the vehicle.

Answer 1

Physical Damage coverage applies only when the Insured is not at fault.

Step-by-step explanation:

The statement that is NOT true concerning auto physical damage coverage under a Personal or Business Auto policy is (B) Physical Damage coverage applies only when the Insured is not at fault.