Part E
When do transportation expenses begin
48 hours after the theft
Name 1st and 3rd party coverages
3rd: BI, PD
1st: COL, COMP, Rental, Towing, UM, PIP
Binder investigation is when the policy is between 0 and how many days
15
These are the 3 types of autos to be considered in an UV investigation
This was the last team Michael Jordan played for
Washington Wizards
If insured gets in an accident but damages does not exceed deductible, can we pay for rental
Yes, pg41
If our insured gives the keys to the valet who damage the vehicle, is this covered?
No, exlcusion #5 pg7
Instead of getting a receipt, we can use this tool
PSP
How many days does the insured have to let us know he/she wants collision coverage with a replacement auto
30 days
What move does the quote "You're killing me smalls" come from
Sandlot
What does LKQ stand for and provide an example
Like, Kind Quality
What coverages will be afforded to an Excluded Driver (ED)
PIP and PD
Why would we use Accurint for a Binder investigation
carrier discovery
Name two documents we would use in an UV investigation and why we would need them
Bill of Sale: confirms date of purchase
Rental Agreement: days rented, CDW purchased
Number of seasons in Big Bang Theory
12
If the insured wants to keep his vehicle after a total loss, what will we reduce from the value of the vehicle
Salvage amount, pg 48 #5
Do we pay for punitive damages?
No, exclusion #11 pg 8
If the policy was recently reinstated, what are 3 things you would want to confirm and how
DOL: claimant statement, PR, tow bill
UPD: run ISO to see any accidents within lapse period
PSP: confirm payment made
What computer application do we use to determine the owner of the vehicle
ADD123
This dog group has won the most Westminster Best in Show ribbons
Terrier Group
Name the states that will deem coverage for out of state drivers (hint: it's not in your policy)
NSW: State Deemer Guide
CO, GA, KS, KY, MI, MN, MS, NJ, NY
In the automatic termination section of the policy, what is meant by "similar" insurance
Coverages must be equal too or greater
Confirm payment made and how
Prior insurance canceled?
DOL
UPD
Can a 26ft U-Haul moving truck be considered a non owned auto
No, does not meet the definition of an auto
This man is known for saying "Lets get ready to rumble"
Michael Buffer