Auto - Liability
The number one item that prevents auto deaths in America
What are seatbelts
The tasks the insured must complete for coverage of a loss
What are duties after an accident?
This ISO Policy Form meets the needs of tenants and other apartment or dwelling occupants who do not require coverage on the dwelling
What is the HO-4 Contents Broad Form?
A person or business who is not a party to the insurance contract but who asserts a claim against the insured.
Who/What is a third party?
A type of insurance is designed to cover property that has value and that frequently moves
What is: Inland Marine Floater policy
Split limits are 100/300/50, the number 50 represents
What is property damage per accident?
This is what the insurance company pays to the insured when their vehicle is damaged and they need a replacement.
What is transportation expenses?
This component of the policy provide essential information about the insured, the property covered, and the limits of coverage.
What is the declarations section?
Below are the insured's duties after an occurrence regarding liability coverage, EXCEPT:
A)Forward legal documentation promptly
B) Make voluntary payment to the claimant
C) Provide claims assistance when necessary
What is: B
What does SFHA stand for?
What is: Special Flood Hazard Area
In alternative dispute, the term for disputing parties using a neutral outside party to make a final and binding settlement
What is arbitration?
Terms and conditions for the policy are found in this part of the PAP
What is Part F - General Provisions?
ISO Policy Form that meets the needs of owner-occupants of dwellings who may not meet insurer standards required for other policy forms.
What is the HO-8 Modified Coverage Form?
This coverage provides coverage but does not admit fault
What is Coverage F - Medical Payments to Others?
Which of the following is not considered eligible for a dwelling policy?
A) Houseboat
B) A Permanently Parked Mobile Home
C) Detached 'She-Shed'
What is: C
Something that must occur or exit in order for coverage to apply
What is a trigger?
Mary hit a dead deer that was on in the middle of the road. What will cover her loss?
What is collision coverage?
This additional coverage covers reasonable costs incurred to protect covered property or repair other property damaged by an insured peril.
What is reasonable repairs coverage?
True or False:
Regarding coverage E, defense cost coverage is supplemental to the liability limit
What is: True
Incidental farming personal liability and farmers personal liability are two endorsements that can be found in what type of policy?
What is: ISO Homeowner's
The term that describes the right held by insurance carriers to legally pursue a third party that caused an auto loss to the insured. This is done to recover the amount of the claim paid by the insurance company to the insured for the loss
What is subrogation?
What is the snowmobile endorsement?
Property insurance coverage covering all causes of loss not specifically excluded.
What is special form coverage?
What are the four additional coverages offered in section II of the homeowner's policy?
What is:
Claim Expenses, First Aid Expenses, Damage to Property of Others, and Loss Assessment
A state mandated program that provide insurance to those who would otherwise be denied insurance due to their property having greater loss exposures