GMIC ENDORSEMENTS
DEDUCTIBLES
BSP POLICY
GMIC POLICY
INSURANCE TERMS
100
WHAT IS THE TOTAL NUMBER OF PERSONS INCLUDING THE GUIDE ALLOWED FOR THE GUIDE ENDORSEMENT?
ANSWER - WHAT IS 7 (PASSENGERS = 6, GUIDE = 1)
100
WHAT IS THE DEDUCTIBLE FOR PERSONAL EFFECTS?
ANSWER - WHAT IS $50?
100
UNDER THE BSP POLICY (PLEASURE BOAT POLICY) COVERAGE IS AVAILABLE ONLY FOR BOATS LESS THAN ___ FEET AND VALUED LESS THAN $____.
ANSWER - WHAT IS 40 FT AND 300,000 DOLLARS.
100
WHICH 2 STATES ARE PART OF THE NON-FREEEZE ICE AND FREEZE COVERAGE. THESE STATES WILL RECEIVE THE COVERAGE FOR FREE.
ANSWER - WHAT IS AL, AZ, CA, FL, GA, HI, LA, MS, NM, NC, OR, SC, TX, OR WA?
100
THE LOSS OF VALUE DUE TO CHANGES IN TECHNOLOGY WHICH RENDER THE ITEM NO LONGER USEFUL.
ANSWER - WHAT IS OBSOLETE OR OBSOLESCENCE.
200
NAME 3 PERSONAL EFFECTS ARE PROVIDED FOR UNDER THE WATER SPORTS PACKAGE ENDORSEMENT?
ANSWER - WHAT ARE WATERSKIS, TOW ROPES, KNEEBOARDS, WAKEBOARDS, INFLATABLE TUBES AND SCUBA EQUIPMENT.
200
WHAT IS THE DIMINISHING DEDUCTIBLE PERCENTAGE PER YEAR?
ANSWER: WHAT IS 25% PER YEAR.
200
THIS POLICY COVERAGE WILL NEVER BE AGREED VALUE. PERSONAL ITEMS ARE EXCLUDED EXCEPT SCUBA AND FISHING GEAR
ANSWER - WHAT IS PERSONAL WATERCRAFT ENDORSEMENT.
200
What is THE YEAR THE DEPRECIATION AMOUNT BEGINS AND WHAT IS THE CAP (THE MAX) FOR DEPRECIATION?
ANSWER. WHAT IS 20TH YEAR. WHAT IS 20%.
200
ANY PERSON RELATED TO YOU BY BLOOD, MARRIAGE, OR ADOPTION INCLUDING FORSTER CHILDREN WHO RESIDES IN YOUR HOUSEHOLD.
ANSWER - WHAT IS FAMILY MEMBER.
300
NAME 3 STATES WHERE THE STORM DEDUCTIBLE HAUL AGREEMENT IS APPLICABLE.
ANSWER: WHAT IS...NC, SC, GA, FL, AL, MS, LA, AND TX
300
THE CUSTOMER PAYS A DOUBLE DEDUCTIBLE BASED ON WHAT COVERED LOSS.
ANSWER: WHAT IS THEFT?
300
THE TOWBOATUS PROVIDES EMERGENCY TOWING TO THE CLOSES REPAIR FACILITY WITHIN ____ MILES AND GOES INTO EFFECT AFTER ___ DAYS.
ANSWER - WHAT IS 25 MILES. WHAT IS 30 DAYS.
300
THE MECHANICAL BREAKDOWN POLICY PROVIDES COVERAGE FOR ANY LOSS RESULTING FROM DMINISHING PERFORMANCE, ENGINES AND POWERHEADS. TRUE OR FALSE.
ANSWER - WHAT IS FALSE. THESE ARE ALL EXCLUSIONS.
300
THIS NUMBER IS ALPHA/NUMERIC ENDING IN THE YEAR OF THE BOAT.
ANSWER - WHAT IS HULL ID#
400
WHAT COVERAGE PROVIDES $5000 FOR FISHING EQUIPMENT SPECIFICALLY LIMITED TO RODS, REELS, TACKLE CONTAINERS, AND ELECTRIC TROLLING MOTOR.
ANSWER: WHAT IS ANGLER COVERAGE
400
WHAT IS THE DEDUCTIBLE PERCENTAGE FOR NAMED STORM DEDUCTIBLE HAULOUT AGREEMENT AND NAME TWO STATES WHERE THIS IS APPLICABLE?
ANSWER: WHAT IS 15% WHAT ARE NC, SC, GA, FL, AL, MS, LA, TX
400
IF THE CUSTOMER HAS RECEIVED A DUI, THIS ENDORSEMENT WILL BE ADDED TO THE POLICY WHICH STATES THERE WILL BE NO COVERAGE PROVIDED IF LOSS OCCURS DUE TO ALCOHOL, COCAINE, LSD, MARIJUANA, NARCOTIC OR HALLUCINOGENIC DRUGS
ANSWER - WHAT IS BOATING UNDER THE INFLUENCE EXCLUSION ENDORSEMENT.
400
WHAT IS THE PER INCIDENT AMOUNT PAID FOR ON THE WATER TOWING AND WHAT IS THE MAXIMUM PAYOUT PER YEAR.
ANSWER - WHAT IS $250. WHAT IS $500.
400
ALL COVERED PROPERTY LOSSES ARE PROVIDED FOR SUBJECT TO DEPRECIATION. BUC AND NADA RESOURCES ARE USED TO DETERMINE THIS VALUE.
ANSWER - WHAT IS ACTUAL CASH VALUE (ACV)
500
THE GMIC PREMIER ENHANCEMENT PROVIDES $___ FOR MEDICAL PAYMENTS, $_____ FOR PERSONAL EFFECTS, $____ FOR LOWER DINGHY DEDUCTIBLE, $____ELECTRONICS DEDUCTIBLE.
ANSWER: What IS $10,000 for medical payments What is $5,000 for personal effects What is $100 for lower dinghy deductible What is $250 for lower electronic deductible
500
What ARE THE 5 DEDUCTIBLE OPTIONS (STATED IN DOLLARS) FOR AGREED CASH VALUE FOR YACHT POLICY?
ANSWER: WHAT IS $250, $500,$750, $1000, $1250.
500
THIS COVERAGE PROVIDES THE INSURED WITH THE BEST VALUE FOR THE BOAT AND THIS VALUE STATED ON THE DECLARATION PAGE.
ANSWER - WHAT IS AGREED HULL VALUE.
500
THE BOATUS YACHT ENDORSMENT PROVIDES NEW BOAT REPLACEMENT. THE BOAT MUST BE PURCHASED ____, AND NO MORE THAN ___ MONTHS SINCE THE MANUFACTURE DATE AND DAMAGE OR LOSS MUST OCCUR WITHIN THE FIRST ___ MONTHS.
WHAT IS PURCHASE NEW WHAT IS 12 MONTHS WHAT IS 48 MONTHS
500
THESE ARE THE 4 CRITERIA TO DEFINE A DINGHY.
ANSWER - What is (1) LESS THAN 15 FEET WITH OUTBOARD, (2)LESS THAN 40HP, (3) UNDER 15K IN VALUE AND (4)STRICTLY USED AS TENDER.
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