Auto Insurance
Insurance that covers you and your family members if you are involved in an accident with an uninsured or hit-and-run driver
What is uninsured motorist's protection
What you the cost is to the insured when they make an insurance claim or the self-insured portion...
What is a deductible
An unexpected event or circumstance without deliberate intent.
What is accident
Provides coverage for your personal belongings, not the building you're renting.
What is renters/tenants insurance
The state of being responsible for something, especially by law.
What is liability
Insurance that covers physical injuries caused by a vehicle collision for which you are responsible
What is Bodily injury liability
Name for the amount of money paid monthly for auto insurance
What is a premium
Covers damage to your car caused by events that are out of your control. It covers things like theft, vandalism, glass and windshield damage, fire, accidents with animals, weather/acts of nature, etc.
What is comprehensive insurance
The financial compensation for a loss that takes into account depreciation and is the calculation for claims payouts if someone has not bought additional coverages; the value of the item at the time of the accident
What is actual cash value
Liability coverages provides insurance coverge for...
Liability insurance provides the insured party with protection against claims resulting from injuries and damage to people or property
These provinces do not use the SPF1
What are MB, SK, BC, Ontario, NS, PEI, NB, QC
See study 1 page 5
This may happen to the cost for insurance when you make an auto claim
What is price goes up
Coverage for damage to your vehicle resulting from collision with another vehicle or object (subject to deductible).
What is collision coverage
UAP, Improvements and Betterments, Loss Assessment Coverage
What is insurance coverages unique to condominiums
Joey is not paying attention and rear-ends Brenda with his car, who's liable? Why
Joey, meets definition of negligence of what a reasonable person would not do or failing to do what a reasonable person would
Insurance that protects you if your vehicle is damaged in a non-accident situation
What is comprehensive physical damage
Method of requesting money from insurance for damage
What is a claim
Coverage for bodily injury or property damage to others for which you are held liable (as provided by your policy and state law).
What is liability coverage
Why is it a good idea to take photographs of what you own?
What is so you can get the correct amount back if those items were to be destroyed
These types of claims typically do not apply a deductible
What are TPL, Voluntary Medical, Property and Compensation for residence employees
Insurance that covers you when you are in a vehicle collision and the vehicle is damaged.
What is collision Insurance?
Gender, age, marital status, claims history, driving records, years of driving experience
What is factors that affect your insurance premium
Acts on behalf of an insurance company to examine, evaluate and settle insurance claims. The adjuster must determine the cause of loss, whether the loss is covered by the policy, the value of the loss and the amount of loss payable by the policy.
What is a adjustor
What types of things can affect your premium for property Insurance?
What is where you live, what you own, your deductible, claim history
What does general/commercial liability insurance cover?
What is general liability insurance covers common risks that arise from interactions with individuals outside of your company. That includes protection against customer property damage and injuries