Direct compensation property damage coverage

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Reference no: EM133102653

1. With respect to the Direct Compensation Property Damage (DCPD) coverage:

a. Explain why an insured would sue his insurer and what would be required of the insured to proceed.?????

b. Under what circumstances can an insured sue other motorists involved in the accident?

c. Explain an insurer's action and entitlement when an insured's vehicle is damaged and there is loss of contents while being towed.?

d. Explain an insured's recourse if the insured is sued for amounts over the policy limit.???????

2. Describe the operation of Direct Compensation (DCPD) coverage.?

3. Describe auto third-party liability insurance and define who is considered an insured under the owner's policy (OAP 1) with respect to third-party liability.

4. Explain the use of a threshold requirement in order for an insured to initiate a lawsuit.

Reference no: EM133102653

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