Named driver exclusion - Study guides, Class notes & Summaries

Claims AdjusCost to replace property with new property of like kind and quality less depreciation. Combined Single Limit One limit per occurrence is what we pay up to Split limit What we pay up to per person and per occurrence Deductible What the customer will have to pay; we cover everything else Declarations Page (Dec Page) The basic information about a policy: Who - names of insurer and insured What - description of insured property Where - address and legal description of insured property Wh...

South Carolina Motor Vehicle Financial Responsibility Act - ANSWER-Requires that all automobile drivers be able to show proof that they can pay for damages done to others up to a minimum amount if involved in an accident Required auto limits - ANSWER-25000/50000 for bodily injury and 25000 for property damage Uninsured Motorist - ANSWER-a driver involved in a vehicle accident who does not have insurance or the coverage is less than the state minimum, required by South carolina Underinsu...

Florida 6-20 All Lines Adjuster Test| 276 questions| 50 Pages| With Complete Solutions Florida 6-20 All Lines Adjuster Test| 276 questions| 50 Pages| With Complete Solutions A public adjuster represents the interest of: A. The insurer B. The Insured C. The employer D. The interest of the general public - Correct Answer -B. The insured Which of the following is the type of report that indicates the initial results of a claim investigation? A. Field Report B. Interim Report C. Full Re...

Actual Cash Value (ACV) Correct Answer: Cost to replace property with new property of like kind and quality less depreciation. Combined Single Limit Correct Answer: One limit per occurrence is what we pay up to Split limit Correct Answer: What we pay up to per person and per occurrence Deductible Correct Answer: What the customer will have to pay; we cover everything else Declarations Page (Dec Page) Correct Answer: The basic information about a policy: Who - names of insurer and insured What - ...

Actual Cash Value (ACV) Correct Answer: Cost to replace property with new property of like kind and quality less depreciation. Combined Single Limit Correct Answer: One limit per occurrence is what we pay up to Split limit Correct Answer: What we pay up to per person and per occurrence Deductible Correct Answer: What the customer will have to pay; we cover everything else Declarations Page (Dec Page) Correct Answer: The basic information about a policy: Who - names of insurer and insured What - ...

Webce life health Florida Exam Questions and Answers 2023 Rory's parents offered to buy him a new car to take to college, but Rory turned them down because he was afraid the car would be stolen or damaged if he parked it on campus. In deciding not to own a car, what risk management technique did Rory employ? risk avoidance Which of the following is most likely to be an insurable risk? The chance that a fire will destroy a building Theodore pays an annual premium to the insuranc...

Claims Adjuster Exam 1 Questions and Answers Graded A+ Actual Cash Value (ACV) Cost to replace property with new property of like kind and quality less depreciation. Combined Single Limit One limit per occurrence is what we pay up to Split limit What we pay up to per person and per occurrence Deductible What the customer will have to pay; we cover everything else Declarations Page (Dec Page) The basic information about a policy: Who - names of insurer and insur...

MO Property and Casualty Exam Graded A+ Personal Auto and Liability Coverages - Travel Expenses and Loss of Earnings: Covered under Liability Coverage. - Types of Compensatory Damages: Special (for specific financial losses) and General (for non-economic damages like pain and suffering). - Claims-Related Expenses: Covered under Additional Coverage. - Garage Liability Coverage: Suitable for auto dealerships covering most liability exposures. Insurance Policies and Claims - Basic Causes of L...

Claims Adjuster Exam 1| 133 QUESTIONS with Answers | GRADED A+ 2023. Declarations Page (Dec Page) Correct Answer: The basic information about a policy: Who - names of insurer and insured What - description of insured property Where - address and legal description of insured property When - effective and expiration dates. How Much - limits of coverage, deductible, premium Depreciation Correct Answer: Amount taken off for wear and tear Earned Premium Correct Answer: The amount of the premi...

Smart Exam Assignment 1 Questions & Answers 2023/2024 Eddie and Janet Orr are married and have a Personal Auto Policy (PAP). Eddie's name is the only one listed on the declarations page of the policy. Janet is concerned because she thinks both their names should appear since they each own vehicles. Which one of the following is true? - ANSWER-The policy can be written in Eddie's name, Janet's name, or both Eddie's and Janet's names. Liana insured her car with a Personal Auto Policy ...