Question

All of the following are true regarding physical damage coverage EXCEPT:

1) Losses to non-owned autos will be covered as the same broadest coverage available for any covered auto, except non-owned trailers are limited to $1,500
2) The policy will pay up to $20 per day up to a maximum of $600 for rental transportation
3) The insurer will pay for direct and accidental loss to a covered auto minus any applicable deductible
4) The limit of liability is the greater of the actual cash value of the vehicle at the time of loss or the amount necessary to repair or replace the vehicle

Answer 1

The statement that is not true regarding physical damage coverage is that losses to non-owned autos will be covered as the same broadest coverage available for any covered auto, except non-owned trailers are limited to $1,500.

Step-by-step explanation:

The all of the following are true regarding physical damage coverage EXCEPT: 1) Losses to non-owned autos will be covered as the same broadest coverage available for any covered auto, except non-owned trailers are limited to $1,500 2) The policy will pay up to $20 per day up to a maximum of $600 for rental transportation 3) The insurer will pay for direct and accidental loss to a covered auto minus any applicable deductible 4) The limit of liability is the greater of the actual cash value of the vehicle at the time of loss or the amount necessary to repair or replace the vehicle. Therefore, the statement that is not true regarding physical damage coverage is: Losses to non-owned autos will be covered as the same broadest coverage available for any covered auto, except non-owned trailers are limited to $1,500.