
Policy Level Coverage

Flashcard
•
Other, Business
•
Professional Development
•
Hard
Wayground Content
FREE Resource
Student preview

7 questions
Show all answers
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.
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