WorksheetsAuto/Homeowners
Total questions: 42
Worksheet time: 32mins
What kind of insurance would cover you if you hit a deer? The only damage is to your car.
Liability
Bodily Injury
Comprehensive
None
The act or process of colliding; a crash or conflict
collision
peril
risk
liability
Jack Black has Arizona auto insurance, and his liability coverage limits are $50,000/$100,000. What is the maximum amount his insurance will pay out per accident?
$50,000
$100,000
$150,000
infinite
1. Greg's insurance liability limits are 20/40/10. While he was driving home from work he ran through a stale yellow light and collided with a station wagon, which in turn knocked a fire hydrant off its base. The fire hydrant cost $12,000 in property damage! How much does Greg owe?
$12,000
Nothing
$2000
You backed out of your driveway and hit a car coming down the street. No one was hurt, but there was damage to the car on the street.
Uninsured/underinsured Motorist Protection
Property Damage Liability
Car Rental Insurance
Collision
Bodily Injury Liability
Your car was parked outside of your house last night, and someone smashed the windshield with a bat.
Personal Injury Protection
Property Damage Liability
Comprehensive
Collision
Bodily Injury Liability
John has a deductible of $2,000. He damages his car in an accident and it will cost $5,500 to repair.
How much does Norris have to pay?
$2,000
$5,500
$3,500
Nothing at all
What would homeowners insurance cover?
Theft
Fire
Tornado
All of the above
Which of these would be a Temporary Substitute auto in the Personal Auto Policy
Your employer allowing you to use a company car
Renting a vehicle while on vacation
Rent a vehicle when your auto is being repaired due to a covered loss
Borrowing your neighbor's vehicle to go pick up your kids at school
What is the maximum time period to receive payment from the medical payments coverage of the personal Auto Policy?
1 year
2 years
3 years
4 years
How long after theft of a vehicle will the transportation expenses be paid?
12 hours
24 hours
48 hours
72 hours
The medical section of a personal auto policy pays?
Maximum per occurence
Maximum per person
Maximum per accident
Maximum per policy period
A person is hit by an unknown person in their auto causing damage to their car. Which coverage part will pay?
Comprehensive
Uninsured motorist
Liability
Medical
If an insured swerves to miss hitting a deer but hits a tree, how would the loss be paid?
Split between Collision and Other-Than-Collision
Paid under Collision
Paid under Other-Than-Collision
Loss is not covered
What is the minimum additional coverage under an Umbrella Policy?
$10million
$5million
$1million
$100million
What is the amount paid by the insured called in an umbrella policy
SIR
ACR
ACV
CTA
How can Rental Reimbursement be added to a policy
By endorsement if the insured has Collision coverage only
By endorsement if the insured has Transportation Expenses only
By endorsement if the insured has Other-Than-Collision
By an endorsement
What is excluded from the definition of hired automobiles?
Autos leased from a partner
Autos owned by employees
Autos rented from a company
Autos borrowed from a friend
What is the basic limit for costs incurred at the place a vehicle is disabled provided by the towing and labor costs endorsement?
$50
$75
$100
$25
In the split limit coverage in personal auto policies, which limit indicates the maximum amount the policy will pay for bodily injury per person?
Third limit
First limit
Second limit
Combined limit
A PAP has a limit of 50/100/50, 3 people are injured at 40k each, how much will the policy pay out in total?
$50k
$120k
$150k
$100k
Property damage includes damages to...
vehicles
buildings
street signs/telephone poles
all the above
An insured is involve and responsible for an accident in another state. The state limits for that state are higher, how will the insured's policy respond
If the insured carries their state limit, their limits will increase
Nothing the insured would need the Out of State Coverage Endorsement
The insured would need to file two claims
The insured would need to have another insurance company to cover the loss
What does homeowners insurance cover?
Fire
Theft
Tornado
All of the above
Dwelling coverage does not generally cover which of the following:
tornado
fire
flood
This covers additional living expenses - like the cost of a hotel - if you're unable to live in your home while it's being repaired
Loss of use coverage
Liability coverage
Homeowners insurance
Dwelling coverage
Your policy covers your personal belongings if they are damaged, destroyed, or stolen.
Personal property coverage
Liability coverage
Umbrella insurance
Dwelling coverage
The following persons would all be considered an insured under the liability section of a Homeowners Policy, except?
A 15 year old foster child residing in the premises
The mother of the insured who is residing in the household
The legal representative of a deceased insured
The 22 year old niece of the insured, visiting
John purchased an NFIP 10 days after his community entered into an emergency program. When would his coverage start?
30 days after the policy has been accepted
5 days after the policy premium has been mailed and paid
12:01 am after application and policy premium has been paid.
12:01am on the 5th day after the application and the policy premium has been paid.
Coverage C will pay for all of the following except
Hobby aircraft
Animal, bird and fish
Canones
Computer Software
How long is the waiting period after purchasing a NFIP
12:01am the next day
30 days
5 days
6 months
Homeowners special limits cover all of the except....
$1,000 Silverware
$200 money
$1,500 on securities
$2,500 for business property on premises
The main difference between an HO-4 and HO-6
HO-6 does not cover additional living expenses
HO-4 provides limited dwelling coverage
HO-6 Provides limited dwelling coverage
HO-4 does not cover additional living expenses
What is needed in order to mobile homeowner to move their property to another state?
Property Removed Coverage
Nothing
Approval from the insurance company
Transportation Move Endorsement
What type of floater would cover a tourist?
Personal Property Floater
Personal Article Floaters
Personal Effects Floater
Personal Travel Floater
Which dwelling policy is the broadest?
Basic
Broad
Special
Which homeowners policy is the broadest
Braod
Special
Comprehensive
Modified
What is the main coverage difference in a basic and broad policy?
There is no difference
Basic does not cover Additional Living Expenses
Basic does not cover Personal Property
Basic does not cover Fair Rental Value
Select all the perils covered under the basic policy
Fire
Objects Faling
Theft
Windstorm
An insured is a member of the neighborhood association, and has become liable for damage to a third party. Each member of the association has been assessed a portion of the loss equal to $2,000. How much will the Loss Assessment additional coverage of the insured’s homeowners liability policy pay?
A.Up to $1,000
B.$2,000
C.Nothing
D.Up to $500
Within how many years of a loss may an insured bring a lawsuit against an insurer, according to the dwelling policy?
A.2 years
B.3 years
C.5 years
D.7 years
