Coverage
The following vehicle backed in to their garage when leaving their house. What is their collision deductible?
Hint:
"Coll" Stands for collision
500.00
Please watch the following video. Which vehicle do you believe was responsible for the three vehicle accident that occurred?
Red Truck
In a claim, who is the claimant?
A). MMG Insured
B). Non MMG Insured
The non MMG insured party.
Would Casualty or Property handle a house fire claim?
Property
What does vehicle one and two have for Property Damage Coverage?
$100,000
In a liability claim, if the police report cites MMG at fault for the accident, does that mean we are required to pay the damages for the other vehicle?
No, police reports do not decide liability.
A vehicle is usually considered a total loss when the cost to repair reaches _____ the value of the vehicle.
A. 50% B. 100% C. 80%
C. 80%
Would casualty or property handle a total loss vehicle?
Casualty
Does medical payments or bodily injury coverage pay for injuries to Insured vehicle passengers?
Med Pay
If someone is found to be 99% at fault for an accident in Virginia, how much can the 1% party recover for their damages?
A. 0% B. 50% C. 99% D. 100%
A. 0%
What is the small amount that an insured will owe when filing a claim?
A. Premium
B. Deductible
C. Over head
Deductible
Who is the Vice President of claims?
Corey Graham
Would a tree falling on to an insured vehicle be an example of a collision or comprehensive claim?
Comprehensive
Maine is a modified comparative state. Based on this if each vehicle is found to be 50% responsible for an accident, what amount can either party recover from each other?
A) 100%
B) 0%
C) 50%
No
What is the minimum amount of property damage insurance you must have in Maine to legally operate a vehicle.
A. 100,000 B 500,000 C. 50,000 D. 25,000
D. 25,000
What section of claims reviews incoming estimates from body shops.
A. Auto Advantage B. Salvage C. Claims Representative
A. Auto Advantage
If our insured allows his friend to borrow his car and they get in to an accident, would MMG be responsible to pay for the damages. Or would the friends auto insurance have to pay?
MMG. Insurance follows the vehicle.
Blank is a tool used by insurance companies to recover for damages and payments issued caused by other at fault parties.
A). Subrogation
B). Investigation
C). Recovery
Subrogation
The SIU department in claims investigates potential fraud issues within claims. What does SIU stand for?
Special Investigative Unit
Does a bodily injury or a medical payments adjuster handle injuries to non MMG Insured parties.
BI
A policy has the following coverages. The insured causes an accident that results in the following damages.
Insureds Vehicle: 51,000
Claimant Vehicle 1,2,and 3: 150,000
Other Property damage: 50,000
Bodily Injury: 350,000
The insured has the following coverages:
Collision Deductible: 1,000
Liability: 500,000
Assuming this is a covered loss, how much will MMG pay to cover this loss?
550,000.00