Week 3 Jeopardy

Part D

100

When do transportation expenses begin

48 hours after the theft

200

If insured gets in an accident but damages does not exceed deductible, can we pay for rental

Yes, pg41

300

What does LKQ stand for and provide an example

Like, Kind Quality

400

If the insured wants to keep his vehicle after a total loss, what will we reduce from the value of the vehicle

Salvage amount, pg 48 #5

500

Name the states that will deem coverage for out of state drivers (hint: it's not in your policy)

NSW: State Deemer Guide

CO, GA, KS, KY, MI, MN, MS, NJ, NY

Part A

100

Name 1st and 3rd party coverages

3rd: BI, PD

1st: COL, COMP, Rental, Towing, UM, PIP

200

If our insured gives the keys to the valet who damage the vehicle, is this covered?

No, exlcusion #5 pg7

300

What coverages will be afforded to an Excluded Driver (ED)

None

400

Do we pay for punitive damages? 

No, exclusion #11 pg 8

500

In the automatic termination section of the policy, what is meant by "similar" insurance

Coverages must be equal too or greater

Binder

100

This binder investigation is when the policy is between 0 and 15 days

NB15

200

Instead of getting a receipt, we can use this tool 

PSP

300

What are some questions we would ask the insured regarding a NB 15 investigation

prior insurance, how did you pay, what did the agent tell you, provide a receipt, purpose of trip

400

If the policy was recently reinstated, what are 3 things you would want to confirm and how

DOL: claimant statement, PR, tow bill

UPD: run ISO to see any accidents within lapse period

PSP: confirm payment made

500

If an accident happened a few days after incept, what questions would you want to ask the insured 

Confirm payment made and how

Prior insurance canceled?

DOL

UPD

Claim Center/Resources

100

Any damage for a claim would be considered this

Incident

200

Incident + Coverage = 

Exposure

300

What is a MOD

Number of renewals 

400

What does PSP stand for and why do we use it

Policy Service Portal

To review agent comments, payments cleared, dates of reinstatement

500

These two applications can be used to look up prior insurance

Claims Data Fill/Accurint: Carrier Discovery

Bonus

100

This was the last team Michael Jordan played for

Washington Wizards

200

What movie does the quote "You're killing me smalls" come from

Sandlot

300

Number of seasons in Big Bang Theory

12

400

This person is known for saying "Let's get ready to rumble"

Michael Buffer

500

This group has won the most Westminster Best in Show Ribbons

Terrier Group