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AUTO INSURANCE FAQ EXAM QUESTIONS AND ANSWERS 100% PASS
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AUTO INSURANCE FAQ EXAM QUESTIONS AND ANSWERS 100% PASS What is liability coverage? - Liability coverage insures you against the cost of injury and damage you cause to another in an automobile accident. It's made up of two policies, bodily injury liability, and property damage liability. Auto l...

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  • December 22, 2024
  • 7
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • auto insurance faq exam questions and answers 100

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  • AUTO INSURANCE
  • AUTO INSURANCE

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KatelynWhitman

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AUTO INSURANCE FAQ EXAM QUESTIONS
AND ANSWERS 100% PASS


What is liability coverage? - ✔✔Liability coverage insures you against the cost of injury and damage you

cause to another in an automobile accident. It's made up of two policies, bodily injury liability, and

property damage liability. Auto liability insurance is required in virtually every state.


What is bodily injury coverage? - ✔✔It's the part of liability coverage that insures you against the injury

you cause to others in an auto accident. It consists of two figures. One limits the cost of injury coverage

per person injured, and the second limits the total dollar amount of injury coverage (for everyone

injured.) This is a very important policy.


What is property damage coverage? - ✔✔It's the part of liability coverage that insures you against the

cost of damage to another's property caused by you in an automobile accident. "Property" includes other

cars, houses, fences, telephone poles, etc.


What is medical payments coverage? - ✔✔This coverage pays the medical bills of the covered driver,

family members, and passengers when injured in an accident, regardless of who was at fault. This

coverage is required in some states, but not in others.


What is personal injury protection (PIP)? - ✔✔PIP is similar to medical payments coverage, only it

usually covers a broader range of events, including medical bills, lost wages, loss of services, etc. It is

required in most no fault states. Georgia does not have PIP.


What is uninsured motorist coverage? - ✔✔This coverage covers the cost of injury or damage caused by

another driver who is not insured. It covers the policy holder, authorized drivers, and any passengers. It




Created by Katelyn Whitman © 2025, All Rights Reserved.

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usually consists of separate limits for bodily injury and property damage. This policy is required in some

states.


What is underinsured motorists coverage? - ✔✔This coverage pays for injuries and damage caused to the

policy holder by a driver with inadequate insurance. It typically pays the difference between the at-fault

driver's liability limit and the holder's policy limit. There are separate limits for property damage and

bodily injury liability. This coverage is sometimes combined with uninsured motorist coverage under one

policy, and may be required in some states.


What is collision coverage? - ✔✔This coverage helps pay for repairs or fair market replacement cost if

your car is damaged in an accident caused by you or an authorized driver. This policy is always optional.


What is comprehensive coverage? - ✔✔This coverage, also known as "Other than Collision" covers the

cost of repairs to or replacement of your vehicle should it be stolen, vandalized, struck in a hit-and-run,

or damaged by an "act of God." Covered events vary from policy to policy but usually include fire, flood,

and falling objects. This policy is always optional.


What is a deductible? - ✔✔It's the amount of money that you agree to pay before a certain auto insurance

policy kicks in. Deductibles are designed to cut down on insurance costs by eliminating small or frivolous

claims. The higher the deductible you're willing to pay, the lower the premium you earn. Collision and

comprehensive policies almost always carry deductibles, and sometimes PIP and medical payments

policies do too.


What is rental car reimbursement coverage? - ✔✔It's an optional policy endorsement that helps pay the

cost of renting a car while your auto is being repaired for a covered event. (This means you usually need

to carry collision and comprehensive to qualify.) Your premium is decided by the amount of

reimbursement you want per day.




Created by Katelyn Whitman © 2025, All Rights Reserved.

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