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Setting expectations when a vehicle is detected as a total loss

Authored by Milea D

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Professional Development

Used 2+ times

Setting expectations when a vehicle is detected as a total loss
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4 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many days of rental should you authorize when a vehicle is being detected as a total loss?

8 calendar days

8 business days

5 calendar days

5 business days

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a vehicle is confirmed a total loss, how is the settlement calculated?

By the average market price of the same year/make/model

Taking the overall condition of the vehicle into consideration

By the mileage on the vehicle

The actual cash value of the vehicle/All of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a vehicle is detected as a total loss, Claims Advisors can move the vehicle to the salvage lot without the client’s consent

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The total loss e-mail can be sent directly through the correspondence screen in INDM

True

False

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