True False
Is auto insurance required by Idaho State Law?
a) True
b) False
True, Idaho law requires a minimum liability of 25/50/15 to legally drive.
Does my deductible apply every time I file a claim on my home insurance?
a) Yes
b) No
No, claims against the home for liability and medical payments to others do not require a deductible.
Does Farmers offer permissive use on their specialty products (Boat, ATV, Jetski)?
a) True
b) False
True - Farmer does offer permissive use on their products.
Is home insurance require by law?
a) True
b) False
False - Home insurance is only required when the home is financed . If the home is owned outright, insurance does not have to be required.
What policy do these coverages apply to?
Bodily Injury
Property Damage
Medical Coverage
Comprehensive Coverage
Towing
Personal Auto Policy
Age, gender and marital status affect your auto insurance premium?
a) True
b) False
True, these are all factors that play into the overall rating and statically back the rating based on data.
What is the endorsement for your home insurance to cover earth movement that can cause your home's structure to become damaged and crack.
Earthquake
Do you have to legally get insurance on your ATV?
a) True
b) False
False - you are not required to carry insurance unless you are riding on State, Federal, County or City roads.
Is underinsured and uninsured motorist electable in the state of Idaho?
a) True
b) False
True - this coverage became electable in 2009 as long as the insured signs a waiver of coverage.
What policy do these coverages apply to?
Service line
Guest Medical
Personal Property
Dwelling Coverage
Homeowners Policy.
Does my home insurance cover damages to my home from my neighbors healthy falling tree due to a storm?
a) True
b) False
True, your home policy will cover your damages. There is no recourse on the neighbor as these events are considered "an act of god" and non negligent.
What does my home insurance cover?
a)leaking pipe
b)dog bite
c)wear and tear
B - home insurance will cover your dogs behavior through your liability coverage within the policy.
What plays a bigger factor in rating a motorcycle?
a) Year of the motorcycle
b) CC's (engine size)
c) Type of motorcyle
B - Engine size plays the majority of the rating factor in motorcycle policies.
Can anyone get an insurance license?
a) True
b) False
False - not everyone is allowed to get licensed in the state of Idaho. Felonies and other criminal activities prohibit an individual from getting a license.
What policy do these coverages apply to?
Excess liability
$1 million liability coverage
Overlapping coverage
Negligence
Personal Umbrella Policy.
Does my collision coverage on my auto insurance cover my vehicle in the event of a flood?
a) True
b) False
False, Collision coverage is designed to cover damages to your vehicle by hitting a stationary object or another vehicle. Comprehensive coverage includes coverage for fire, theft, flood, vandalism, hail, falling rocks or trees, or hitting a deer. It also covers your glass.
Which of the following cover my ring worth $5,000?
a) Home policy
b) Umbrella policy
c) Schedule floater on a home policy
C - Scheduled home floater, covers jewelry $1500 or more for loss or disappearance.
What type of policy is a Jetski written with?
a) Personal Watercraft Policy
b) Family Boaters Policy
c) Inland Marine
A- Personal water craft is for anything you sit on rather than sit inside like a family boaters policy.
How long is the director of insurance appointed for?
a) 2 years
b) 5 years
c) 4 years
C - The term is 4 years.
What policy do these characteristics belong to?
FEMA
Federal Regulation
Priced off zoning where home is located
Luck Peak
Flood Insurance - FEMA regulates flood insurance. Each policy is rated on the flood zone the home is in.
My home liability coverage will not follow me anywhere in the world?
a) True
b) False
False, home liability will follow the insured anywhere in the world to protect you from negligence on your behalf.
Which coverage applies to an insured being reimbursed for out of pocket expenses during a claims process?
a) Loss of Rents
b) Dwelling Coverage
c) Additional living expense
C - Additional living expense paying for the extra expense of living out of your home during a claim.
What plays a bigger factor in the rating of a boat policy?
a) Length
b) Price
c) Type of boat
B - Price plays a bigger factor in the rating of the boat than the length. The more valuable the boat is the more expensive the insurance is.
Who oversees the Idaho Department of Insurance?
a) Governor
b) Director
c) President
B - Each state has a director who oversees the insurance department within each state appointed by the governor.
What policy will these vehicles be placed under?
ATV
Boat
Motorhome
Motorcycle
Specialty - Our specialty product cover the toys insured own.