Which of the following deductibles is not eligible for private passenger autos with the Florida Auto Joint Underwriting Association?

Study for the Florida 2-20 Statutes Exam. Use flashcards and multiple choice questions with hints and explanations. Prepare effectively!

In the context of private passenger autos and the Florida Auto Joint Underwriting Association (FAJUA), certain deductibles are specified as eligible while others are not. The Florida Auto Joint Underwriting Association offers coverage through a pool of insurers that cater to high-risk or difficult-to-place individuals.

The acceptable deductible amounts typically range within certain limits established by the FAJUA. A deductible of $100 is lower than what is generally permitted for private passenger autos under FAJUA’s guidelines. In most cases, policies require minimum deductibles that provide a balance between risk and coverage costs, which usually start at higher amounts like $250 or more. Thus, the eligibility of deductibles is influenced by the need to maintain certain standards of coverage amid a pooled risk environment.

Therefore, a deductible of $100 is not considered acceptable within the parameters set forth by the FAJUA for private passenger automobile coverage.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy