Personal Auto Policy Quiz

Who are the named insured policyholders in the Personal Auto Policy?

• Chris and Karen Swift

• John and Jane Doe

• Michael and Sarah Johnson

• David and Emily Brown

In the Personal Auto Policy, who does "you" and "your" refer to?

• The named insured and their spouse

• The insurance company

• The vehicle manufacturer

• The policy agent

How long do you have to insure a "newly acquired auto" to maintain coverage?

• 4 days

• 7 days

• 10 days

• 14 days

What is the condition for the amount of damages to be binding in arbitration?

• If the amount is less than $10,000

• If the amount is agreed upon by both parties

• If the amount does not exceed the minimum limit for bodily injury liability

• If the amount is more than $100,000

What is the role of the third arbitrator in the arbitration process?

• To make the final decision

• To bear all expenses

• To be selected if both parties agree

• To be selected by a judge if both parties do not agree

What is the condition for a demand for a trial to be made?

• If the amount is less than the minimum limit

• If the amount exceeds the minimum limit

• If the amount is exactly the minimum limit

• If the amount is more than $100,000

What does "Collision" mean in the context of the personal auto policy?

• Theft or larceny

• Contact with bird or animal

• The upset of "your covered auto" or their impact with another vehicle or object

• Breakage of glass

Which of the following is considered a loss caused by "collision"?

• Missiles or falling objects

• Fire

• Breakage of glass

• Riot or civil commotion

Which of the following is not a condition for exclusion of loss to a trailer?

• Cooking facilities

• Awning

• Compact disk systems

• Plumbing facilities

What happens if a repair or replacement results in better than like kind or quality?

• The full amount is paid

• No payment for the amount of the betterment

• Half the amount is paid

• Double the amount is paid