Exam (elaborations)
PSI Personal Lines Insurance Exam Questions and Answers
- Course
- Institution
PSI Personal Lines Insurance Exam Questions and Answers
[Show more]
Content preview
PSI Personal Lines Insurance ExamQuestions and Answers
Which of the following may be covered under the physical
damage insuring agreement of a personal auto policy? Loss
of a CD player installed in the vehicle dashboard, damage to
the vehicle caused by an engine failure, theft of a CB radio,
all of the above - Correct Answer ✅ 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 - Correct Answer
✅ Large limbs and branches of a tree that have fallen onto
the street as a result of a windstorm the injured collides with
them
To be covered for a hit-and-run accident under the uninsured
motorist property damage coverage of APAP, what is required
to be provided to the insurer - Correct Answer ✅ License
number of the hit and run vehicle
Which of the following coverages may you buy with a named
operator policy? Liability only, liability uninsured motorists
medical payments collision and other than collision, liability
and uninsured motorist, or liability uninsured motorists and
,PSI Personal Lines Insurance Exam
Questions and Answers
medical payments - Correct Answer ✅ Liability, uninsured
motorists, medical payments, collision, and other than
collision
The PAP collision deductible is $1000, and the other than
collision deductible is a $500. How much would the insurer
pay for an accident involving the overturn of one vehicle,
resulting in $2000 of damage? - Correct Answer ✅ $1,000
Car a is an accident with car be, a suffers $10,000 of damage
but is determined that a is 25% responsible for the accident.
How much would a receive under comparative negligence
rules - Correct Answer ✅ $7,500
Under California financial responsibility law, the minimum
financial responsibility for an accident that involves several
people injured in one accident is, 10,000, 5000, 15,000, or
30,000 - Correct Answer ✅ $30,000
When does APAP require that insured to notify the police -
Correct Answer ✅ For hit-and-run accidents and theft
, PSI Personal Lines Insurance Exam
Questions and Answers
When an automobile insurance policy is canceled at the
request of the insured, and the insurance company keeps all
earned premiums, in addition to amounts to to pay for
overhead expenses incurred by the insurer, it is referred to as
what type of cancellation - Correct Answer ✅ The short
rate type of cancellation
Which of the following coverages may you buy with a named
non-owner liability policy - Correct Answer ✅ Liability,
medical payments, and uninsured motorists
What coverage is available under the extended non-owner
liability coverage - Correct Answer ✅ Liability and medical
payments
What is the limit per day for transportation expenses in an
unendorsed PAP in the event of theft, after it is reported and
automobile is not returned within 48 hours of theft - Correct
Answer ✅ $20
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Allivia. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79373 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now