Quiz Ch. 2 & 3 (Risk 112)

Exclusions to the liability coverage include:

• Unintentional injury or damage.

• Vehicles with more than four wheels

• Property non-owned by insured.

• Vehicles used in the auto business.

According to the Saudi insurance market system, the liability coverage limit is 30.000.000 S.R.

• True

• False

Insurer can deny liability for compensation to the third party because the insured is responsible for the accident.

• True

• False

Liability coverage covers any bodily injury or property damage for the policyholder himself

• True

• False

In Auto Insurance, Collision coverage covers the damage of insured auto by natural disaster.

• True

• False

In motor insurance, insurance cannot cancel the policy at any time without any reasons.

• True

• False

Collision coverage considered a mandatory coverage.

• True

• False

For a total loss, the insurer pays the actual value of the insured auto minus the deductible.

• True

• False

......... pays for damage to the insured vehicle caused by the insured striking something.

• Collision Coverage.

• Liability Coverage.

• Comprehensive Coverage.

• Property Coverage.

Gives coverage for the insured, when an accident is caused by an fault driver who does not have liability insurance.

• Uninsured motorist coverage.

• Under-insured motorist coverage.

• Collision coverage.

• Comprehensive coverage.