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Life
Terminology
Umbrella
100
This coverage pays for bodily injury to other people
What is Liability
100
This coverage insures the home and any attached structures
What is Dwelling
100
The acronym L.I.F.E stands for this
What is Loans, Income, Final Expenses and Education
100
Causes of loss or damage
What is Peril
100
The Umbrella policy provides higher limits of this type of protection
What is liability
200
This coverage pays medical bills for your client or their passengers injured while riding in their vehicle
What is Personal Injury Protection
200
This coverage insures the personal property stored in the house as well as any outdoors property that is used to maintain the premises.
What is Personal Property
200
This is the type of life insurance policy that is for a specified amount of time
What is Term Life
200
This limits the scope of coverage provided under the contract
What is Exclusion
200
250/500/100 and 250/500
What is the minimum auto coverage the Insured must have to be elgible for an Umbrella policy
300
This coverage protects your customers vehicles by paying for losses resulting from fire, theft, falling objects, storms, etc.
What is Comprehensive
300
This coverage provides additional living expenses if the insured must vacate the home, due to a covered loss, at the request of the authorities
What is Loss of Use
300
This type of life policy is in effect until you turn 100 years old
What is Premiere Whole Life
300
This can modify coverage in a policy
What is Endorsements
300
These lines of insurance can be covered under the Personal Umbrella policy
What is home, auto and specialty products
400
In order to coordinate Med/Pip benefits the client must have this.
What is health benefits NOT funded by the government
400
This coverage includes expenses to defend a covered claim or lawsuit
What is Personal Liability
400
With this policy you can pay addtional premium (subject to maximum) over target to build cash value.
What is Universal Whole Life
400
This is the Insured's financial responsibility for a covered insurance claim
What is Deductible
400
This is the maximum amount of coverage Farmers will provide for a Personal Umbrella
What is 5 Million dollars
500
This coverage is normally required if a vehicle is leased or if there is an outstanding balance on a loan.
What is physical damage
500
This coverage pays for medical bills if a visitor slips and falls and you are not negligent.
What is Medical Expenses to others
500
This policy is for people the ages of 45-80, no physical is required and the maximum face value is $20,000
What is Graded Whole Life
500
This explains the claims handling procedures, duties of an insured after a loss, loss settlement and processing guidelines, interests of others, cancellation, non renewal and any policy statutes that can affect an insured's claim.
What is Conditions
500
What type of driver would increase your Personal Umbrella premium
What is a minor or youthful driver
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