Auto
Can you add liability coverage to a travel trailer?
no, you can not add liability coverage on a travel trailer. The liability limits on a travel trailer are extended to it from the truck pulling it.
Does a Rental Dwelling Policy cover the tenants belongings?
No, if a tenant wants coverage for their belongings they would need a renters policy.
What are the year options for the three limited pay polices?
10, 15, 20 year limited pays.
What is the minimum amount of hours you must work weekly to be eligible for a short term disability policy?
30 hours
What is the insurance endorsement that provides coverage for the repair or replacement of damaged utility lines, such as water, sewer, or electrical lines, located between the home and the street?
Service line endorsement
Are we able to provide auto insurance for someone who does ride share (Uber/Lyft)?
Yes
For the customer to be eligible for the endorsement, the insured vehicle must be:
Give two examples of a renters liability claim
Property Damage to Neighbors: If a fire starts in your unit due to a candle left unattended and it spreads to a neighboring apartment, renters liability coverage could help pay for the damages to your neighbor’s property.
Accidental Damage: If you accidentally break a valuable item belonging to your landlord, such as a window or appliance, renters liability coverage may help cover the cost of repairs or replacement.
Legal Fees: If you are sued because of an incident that occurs in your rented home, such as a personal injury claim, your renters liability coverage can help pay for legal defense costs and any judgments against you.
Eligible issue ages are 45-80
What are the elimination periods for a one year short term disability policy?
30 or 60 days
Name this endorsement: It extends Liability and Medical Payments coverages to the use of non-owned cars beyond the basic coverage provided by the policy. Use the endorsement when the policyholder uses non-owned cars frequently or for long periods of time, such as a policyholder who regularly rents cars for personal or business use. The endorsement may also extend coverage to vehicles owned by a policyholder’s employer.
Use of non-owned
Name two auto discounts that are no longer offered on policy mod
This type of bond is required for individuals appointed as notaries public, ensuring that they will perform their duties ethically and providing financial protection to the public in case of misconduct or negligence.
notary surety bond
If a customer cancels a 20-year return of premium policy after 15 years, will they receive a refund of the premiums they have paid over those 15 years?
no, in order to get the return of premiums you must keep the policy for the entire time.
What is the minimum and maximum age to start a short term disability policy?
18-59
What does building ordinance or law cover
Building Ordinance or Law – Option OL covers the customer’s actual increased costs to repair or replace physically damaged portions of the structures located on their residence premises when:
and
Payments are subject to the Option OL percentage shown on the Declarations page for the Coverage A limit.
3 years, 6 years, and 10 years
During a storm a healthy tree falls onto your neighbors home. Who would be responsible for the claim?
The neighbors insurance would be responsible. If it is a sick/dead tree then the owner of the tree can be held responsible.
Explain what an over loan is on a life policy
When the outstanding loan balance of a life policy is more then the current cash value of the policy causing the policy to cancel if a payment towards the loan is not made.
What is the minimum and maximin monthly benefit amount for a long term disability policy?
$500-$20,000
What does Child Care Liability cover?
Bodily Injury, Property Damage, Medical Expense. Unable to add on if more than 7 children are cared for at any one time and/or the applicant is not licensed according to state law.
A customer has bodily injury limits of $50,000 per person and $100,000 per accident. In a car accident, two individuals are injured: one incurs $75,000 in medical expenses, while the other has $10,000 in expenses. What is the total payout for each individual, and what will be the overall payout for the accident?
The insurer will pay $50,000 to the first person (due to the per person limit) and $10,000 to the second person (fully covered).
Total payout for the accident: $60,000.
Name three type of boat motors
Outboard motor, Inboard motor, Waterjet motor, Trolling motor, Kicker motor
Explain what the the flexible care benefit rider provides
provides for an acceleration of death benefit and waiver of Monthly Deductions so long as the Insured is certified Chronically Ill and meets other eligibility requirements as defined in the policy. Accelerated payments are limited to the Death Benefit of the policy.
What is the benefit amount for a hospital admission for the supplemental health insurance?
$3,500
What restriction does Vacancy Endorsement lift on a home policy? Be specific you can't just say if it is vacant.
If an insured dwelling meets the policy definition of a vacant dwelling, coverage is limited for theft, vandalism, malicious mischief, and breakage of glass and safety glazing materials. The limitations may be deleted for an additional fully earned premium.