Auto
Which Coverage in auto insurance covers damage due to a physical impact to with another vehicle object.
Collision
What is the minimum wind and hail deductible?
1%
What are the possible elimination periods for a Short-Term Disability Policy with a three-year benefit?
The elimination periods are 30, 60, or 90 days.
What is our team goal for Life premium?
$1000
What policy would cover for an employee’s lost wages and medical expenses after a work-related accident/injury?
Workers Compensation
Which of the following is NOT covered under medical payments coverage?
A. Emergency Room Visit
B. Funeral Expenses
C. Lost Wages
D. Reasonable and Necessary Medical Expenses
C. Lost Wages
What is the lowest deductible applicable to a boat owners policy?
$50
What is our team goal for health premium?
$250/month
What is the highest number of units allowed on a children’s term rider?
$20,000
Commercial buildings that are ___________ square feet or more are required to have an automatic sprinkler system installed
15,000
What are the 3 limits for Car Rental Expense?
$50/$1500
$75/$2250
$100/$3000
In what states is a Declination of Earthquake Coverage form required?
T- Coverage Pivot
Oh, Wow ___. Did you know that with ___ if you were to totally disable somebody in a car accident, ___ would pay up to ____. HOWEVER, if you were to become disabled in that same accident you wouldn't get anything. At our office, we believe that you deserve AT Least the same amount as someone you don't even know WOULDN'T YOU AGREE? That is why with every person I quote I include a starter disability policy. When you come by the office we can go over the details that best fit your needs.
What is the term for the period during which a policyholder can cancel their policy and receive a full refund of premiums paid?
Free Look Period
What is the subcontractor limit for workers compensation?
Payroll must be 25% or less of the annual payroll
What is the name of the servicing company that we wile glass claims through?
Lynx
What is the maximum coverage amount available under the back-up of sewers or drains endorsement?
The maximum coverage amount available is 5% or 10% of Coverage A.
How much will a Supplemental Health Insurance Plus Policy pay for an emergency room visit due to sickness?
$0, the emergency accident benefit only covers in the instance of injury.
What is the highest table rating available?
40
Mobile food trucks will need at least 2 lines of business to ensure proper coverage. What are they?
Commercial auto to cover the food truck while it is traveling to and from locations & BOP to cover the restaurant/business exposure.
What is the UNOC endorsement?
Use of Non-Owned Cars -
Provides additional coverage for customers with non-owned car exposures that exceed the coverage provided by their policy
With Home Systems Protection what sublimit applies to equipment manufactured 15 years or more prior to the breakdown?
What is the most comprehensive Medicare supplement offered by State Farm?
Part G
What is it called when we run an illustration with a term, ROP, and whole life?
Most professional liability policies, as well as Directors and Officers Liability and Employment Practices Liability, are written on a____________ basis.
Claims made
i. The insurance industry developed Claims-Made coverage primarily to address "long-tail" liability exposures--i.e., where a claim is made today, resulting from an incident that took place years ago. Insurers have difficulty pricing and providing coverage, when claims are made five, ten and twenty or more years after a policy expired.