Which of the following ways cannot Garagekeepers Insurance be written?

Prepare for the Florida 2-20 Insurance Agent License Exam. Leverage flashcards and multiple-choice questions with detailed explanations. Be exam-ready with confidence!

Garagekeepers Insurance can provide coverage for vehicles that are in the care, custody, or control of a garage operator. It is typically structured to cover the physical damage to the vehicles being stored or repaired by the garage.

The coverage can be expressed in different ways, such as single limits, combined single limits, or aggregate limits, all of which allow for flexibility in addressing the specific needs of the garage operator.

Single limits provide a maximum coverage amount for any single accident, while combined single limits allow for a total limit that applies to both bodily injury and property damage in a single policy limit. Aggregate limits define the total amount of coverage available for multiple claims during a policy period.

The structure that garagekeepers insurance cannot be written in is split limits. Split limits refer to defining separate maximum amounts for different categories of coverage (such as bodily injury and property damage) within the same policy. This structure is typically used in automobile liability coverage but is not applicable to garagekeepers insurance since it is focused on the protection of the vehicles in care rather than on distinct liability limits. Thus, while garagekeepers can utilize other forms of limits, split limits do not fit the nature of this specific type of insurance coverage.

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