Casualty auto insurance - Study guides, Class notes & Summaries

NYS Property and Casualty - Auto Insurance questions and answers 100% verified. personal auto policy - correct owners of private passenger vehicles, physical damage insurance on the car and liability insurance for claims from use of the auto other than collision - correct s losses caused by missiles or falling objects, fire, theft, explosion/earthquake, windstorm, hail, water, flood, VMM, riot or civil commotion, contact with birds/animals, breakage of glass supplemen...

Driver A has a personal auto policy with Part C: UM/UIM limits of 100/300. He is injured by Driver B who has Part A: Bodily Injury Liability limits of 50/100. It is determined that Driver B is at fault for the accident. Driver A has $125,000 in medical expenses. How much will his Part C: UM/UIM coverage pay? a) $125,000 b) $75,000 c) $50,000 d) $25,000 - ANSWERSc) $50,000 Underinsured motorist coverage acts as excess over the at-fault motorist's coverage. It will pay the differe...

Pearson VUE: Casualty Insurance Practice Exam Questions and Answers 100% AccuratePearson VUE: Casualty Insurance Practice Exam Questions and Answers 100% AccuratePearson VUE: Casualty Insurance Practice Exam Questions and Answers 100% AccuratePearson VUE: Casualty Insurance Practice Exam Questions and Answers 100% AccurateAn insured may cancel a Personal Auto Policy by taking which of the following actions? A. Paying the insurance company any past due premiums B. Waiting until the policy e...

Virginia Property and Casualty Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A Q: ACV is generally used for which of the following types of claims? A Auto Physical Damage B Umbrella C Workers' Compensation D Businessowners Property Answer: Auto Physical Damage Q: A Commercial Crime policy written with the Inside the Premises - Robbery or Safe Burglary of Other Property Insuring Agreement would cover which of the following? ...

If a company cancels an auto policy mid-term, the refund will be made on a : A. pro rata basis B. short rate basis C. retroactive basis D. coinsurance basis A. Pro Rata Basis What is the term used to describe terminating the insurance relationship at the end of the policy period? A. Cancellation B. Nonrenewal C. Separation D. Exclusion B. Nonrenewal Which is the best example of an indirect loss? A. Sequential loss B. Liability loss C. Employee theft D. Loss of...

If a company cancels an auto policy mid-term, the refund will be made on a : A. pro rata basis B. short rate basis C. retroactive basis D. coinsurance basis correct answers A. Pro Rata Basis What is the term used to describe terminating the insurance relationship at the end of the policy period? A. Cancellation B. Nonrenewal C. Separation D. Exclusion correct answers B. Nonrenewal Which is the best example of an indirect loss? A. Sequential loss B. Liability loss C. Employ...

Pearson VUE: Casualty Insurance Practice Exam Questions with 100% Verified Correct Answers 2024/2025 An insured may cancel a Personal Auto Policy by taking which of the following actions? A. Paying the insurance company any past due premiums B. Waiting until the policy expiration date C. Giving written notice to the insurance company D. Informing the producer by telephone - Correct Answer C In insurance, which of the following terms refers to continuous or repeated exposure to co...

AL P&C University of Alabama Study Guide Questions and Answers Rated A+ If a company cancels an auto policy mid-term, the refund will be made on a : A. pro rata basis B. short rate basis C. retroactive basis D. coinsurance basis A. Pro Rata Basis What is the term used to describe terminating the insurance relationship at the end of the policy period? A. Cancellation B. Nonrenewal C. Separation D. Exclusion B. Nonrenewal Which is the best example of an indirect loss? A...

Personal Lines Insurance Practice Exam Questions and Answers Latest | 100% Correct. Bobby, age 16, borrows his parents' car without their permission and gets into an accident. Which of the following statements about coverage under the parents' personal auto policy is CORRECT? A) Bobby is covered by his parents' policy because he is included in the definition of named insured. B) Bobby is not covered for this accident because he used the car without permission. C) Bobby is not covered ...