Policy Level Coverage

Policy Level Coverage

Assessment

Flashcard

Other, Business

Professional Development

Hard

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7 questions

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1.

FLASHCARD QUESTION

Front

Joe is rear ended by someone with 10/20/15 liability limits. Joe's vehicle repairs are $17,500. What type of coverage is applicable?

Back

Uderinsured Motorist BI/PD

2.

FLASHCARD QUESTION

Front

Joe was out of work for 1 week due to an accident and needs financial assistance. What type of insurance would provide this?

Back

Personal injury Protection (PIP)

3.

FLASHCARD QUESTION

Front

What option describes the coverages listed in 25/50/25? Options: Bodily Injury/Total Claim Payout/Property Damage, Bodily Injury per person/Bodily Injury max per accident/Property Damage max per accident, Property Damage/Total Claim Payout/Bodily Injury, Bodily Injury per accident/Bodily Injury per driver/property Damage per vehicle

Back

Bodily Injury per person/Bodily Injury max per accident/Property Damage max per accident

4.

FLASHCARD QUESTION

Front

What are the 3 components of the insurance mechanism?

Back

Risk, Transfer, Pooling

5.

FLASHCARD QUESTION

Front

What type of coverage protects the insured's vehicle in the event of a hailstorm?

Back

Comprehensive

6.

FLASHCARD QUESTION

Front

My main purpose is to provide a sense of financial security to an individual who operates a vehicle in the event they become involved in an auto accident. What am I?

Back

Insurance

7.

FLASHCARD QUESTION

Front

Where would I find the different state Mandatory coverages & state minimum limits?

Back

Knowledge center and then click the State.