Question 92

An antique auto owned by an individual is eligible for coverage under a Personal Auto Policy.

A Personal Auto Policy typically covers personal vehicles owned by individuals, including antique autos as long as they meet specific criteria outlined by the insurer.

A) An antique auto owned by an individual

This option is correct because antique autos can be covered under a Personal Auto Policy, provided they are used primarily for personal, recreational purposes and meet the insurer's definition of an antique vehicle.

B) A four-door sedan owned by a partnership

This option is incorrect as Personal Auto Policies are designed to cover vehicles owned by individuals, not entities such as partnerships. A partnership would require a different type of commercial auto policy for coverage.

C) A motor home owned by several unrelated individuals

This option is also incorrect because a Personal Auto Policy typically does not extend to vehicles owned by multiple unrelated individuals. Such ownership would necessitate a different insurance arrangement that is not covered under personal policies.

D) A cargo van owned by a sole proprietor

This option is incorrect since cargo vans are generally classified as commercial vehicles. A Personal Auto Policy does not cover vehicles used for business purposes, which would require a commercial auto policy instead.

Conclusion

The correct answer is A, as antique autos owned by individuals fit within the coverage parameters of a Personal Auto Policy. The other options fail to meet the eligibility criteria due to ownership structures or the intended use of the vehicles, which are not aligned with personal insurance coverage.