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Bob loans his car to Norm, and Norm wrecks the car. Both Bob and Norm have PAP's on their owned ...

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Bob loans his car to Norm, and Norm wrecks the car. Both Bob and Norm have PAP's on their owned ...

Bob loans his car to Norm, and Norm wrecks the car. Both Bob and Norm have PAP's on their owned vehicles, and both men have purchased all four major coverages (A, B, C and D) on their automobiles. Whose policy will pay for this loss on a PRIMARY basis?
A) Bob's
B) Norm's
C) They'll both be primary and will share the loss equally.
D) Neither policy will pay on a primary basis because the loss is not covered.

Textbook

Introduction to Risk Management and Insurance

Edition: 10^th

Authors: Dorfman, Cather

Read 174 times

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jameel

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keyone Author

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