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Personal Lines Insurance – Auto Questions And Answers With Verified Solutions Already Passed!!!
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Personal Lines Insurance – Auto Questions And Answers With Verified Solutions Already Passed!!!
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Personal Lines Insurance – AutoQuestions And Answers With Verified
Solutions Already Passed!!!
Which of the following may be covered under the Physical Damage insuring
agreement of a Personal Auto Policy? - ANSWERS✔✔Loss of a CD player
installed in the vehicle dashboard.
The collision coverage of a Personal Auto Policy does not cover the following loss
situations, EXCEPT - ANSWERS✔✔Large limbs and branches of a tree that have
fallen into the street as a result of a windstorm. The insured collides with them.
To be covered for a hit and run accident under the Uninsured Motorist Property
Damage coverage of a PAP, what is required to be provided to the insurer? -
ANSWERS✔✔License number of the hit and run vehicle.
Which of the following coverages may you buy with a named operator policy? -
ANSWERS✔✔Liability, uninsured motorist, medical payments, collision, and
other-than-collision.
The PAP collision deductible is $1000, and the other-than-collision deductible is
$500. How much would the insurer pay for an accident involving the overturn of
one vehicle, resulting in $2000 of damage? - ANSWERS✔✔$1000
Car "A" is in an accident with car "B". "A" suffers $10000 of damage, but it is
determined that "A" is 25% responsible for the accident. How much would "A"
receive under comparative negligence rules? - ANSWERS✔✔$7500
,Under California financial responsibility law, the minimum financial responsibility
for accidents that involve several people injured in one accident is: -
ANSWERS✔✔$30,000
When does a Personal Auto Policy require the insured to notify the police? -
ANSWERS✔✔For hit & run accidents and thefts.
When an automobile insurance policy is canceled at the request of the insured, and
the insurance company keeps all earned premiums, in addition to an amount to pay
for overhead expenses incurred by the insurer, it is referred to as what type of
cancellation? - ANSWERS✔✔The short rate type of cancellation.
Which of the following coverages may you buy with a named non-owner liability
policy? (the most complete answer.) - ANSWERS✔✔Liability, medical payments,
and uninsured motorist.
What coverage is available under the extended non-owned liability coverage? -
ANSWERS✔✔Liability and medical payments.
After a collision loss, the Personal Auto Policy requires the insured to: -
ANSWERS✔✔Allow the company to inspect the damaged property before it is
repaired.
What is the limit per day for transportation expenses in an unendorsed Personal
Auto Policy, in the event of theft, after it is reported and automobile is not returned
within 48 hours of theft? - ANSWERS✔✔$20
, An insured has a Personal Auto Policy and did not pay the initial insurance
premium when it was due. Insurer cancels the policy for non-payment. How many
days notice must the insurer give? - ANSWERS✔✔10 days
If an individual does not own an auto, nor have regular use of an auto, what
endorsement to a Personal Auto Policy could be used to properly protect that
individual? - ANSWERS✔✔Named non-owned coverage.
What coverage is available under the miscellaneous type vehicle endorsement? -
ANSWERS✔✔All coverage under the Personal Auto Policy.
If an insured purchases an all-terrain vehicle (ATV), what endorsement can be
added to the Personal Auto Policy to insure the vehicle? -
ANSWERS✔✔Miscellaneous type vehicle endorsement.
Under an unendorsed Personal Auto Policy, transportation expense coverage
applies to: - ANSWERS✔✔Theft only losses.
In the event of recovery of stolen property, which of the following is an insurer's
option when making a settlement with the insured under a Personal Auto Policy? -
ANSWERS✔✔Return stolen property to the address shown in the policy.
Under an unendorsed Personal Auto Policy, what coverage is available for
personal effects? - ANSWERS✔✔None of the above. All personal property in the
auto up to $500. Luggage and clothing up to $500. Luggage up to $200.
What is the minimum discount percentage for the "good driver" discount? -
ANSWERS✔✔20%
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