Mississippi Property & Casualty Practice Exam

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Prepare for the Mississippi Property and Casualty Exam. Use flashcards and multiple-choice questions, with hints and detailed explanations. Ace your test!

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What is the maximum total amount provided under Part D for a car being repaired?

$300
$500
$700
$1,000

The correct answer is: $500

Under Part D of a standard personal auto policy, which typically relates to coverage for damage to your vehicle, the maximum total amount provided for repairs extends up to $500 for certain types of alternative transportation expenses incurred while your car is being repaired. This coverage applies to costs that arise from rental vehicles, transportation network services, or public transportation if your vehicle is being fixed due to a covered loss. The $500 limit is designed to strike a balance between providing substantial help for policyholders needing transportation during vehicle repairs while also managing the overall risk and costs to the insurer. Understanding this coverage is essential for vehicle owners as it directly affects how much they can rely on their insurance when their vehicle is temporarily out of commission.