Question

Which of the following is TRUE regarding nuclear energy loss coverage under a Personal Automobile policy?

a.the personal automobile policy will not provide coverage for bodily injury or property damage caused by the insured's nuclear energy losses
b.Standard homeowners’ insurance policies, as well as commercial, farm property, auto insurance policies, and inland marine policies, now contain a nuclear hazards clause.
c Nuclear Energy Liability policy, or if your Nuclear Energy Liability policy has already paid out its limits and you are no longer insured, your auto insurance is not available as a fallback.
d.there are additional exclusions based on the type of vehicle you own. Vehicles with fewer than four wheels are typically excluded.

Answer 1

The true statement about nuclear energy loss coverage under a Personal Automobile policy is that it usually excludes coverage for such events due to a nuclear hazards clause in standard insurance policies. Auto insurance cannot be used as fallback if Nuclear Energy Liability policy limits are exhausted. Vehicle exclusions are based on the policy itself rather than the number of wheels.

Step-by-step explanation:

The accurate statement regarding nuclear energy loss coverage under a Personal Automobile policy is that the policy typically does not provide coverage for bodily injury or property damage caused by nuclear energy losses. This is due to a nuclear hazards clause included in standard policies, such as homeowners, commercial, farm property, auto insurance policies, and inland marine policies.

Furthermore, in the event that a policyholder already has a Nuclear Energy Liability policy and the limits of that policy have been exhausted, the auto insurance policy is generally not available as a fallback for further claims. This helps to ensure that nuclear energy risks are very tightly controlled and covered under specialized policies designed for such risks, rather than general auto insurance policies.

As for the exclusions based on the type of vehicle, normally exclusions are determined by the policy language and not merely by the number of wheels a vehicle has. Therefore, the statement about vehicles with fewer than four wheels being typically excluded is not a standard or consistent exclusion across all policies and should be verified with the specifics of the actual insurance policy in question.