Auto Insurance Basics
What coverage pays for damage to your car from a collision?
Collision Coverage
What does dwelling coverage protect?
The structure of the home
What is the amount you pay before insurance kicks in?
Deductible
What discount applies when you insure both home and auto?
Multi-Policy Discount
A client wants the cheapest auto policy. What should you explain?
Risks of low liability limits and lack of coverage
What coverage pays for damage to your car from theft or hail?
Comprehensive Coverage
What coverage protects your belongings inside the home?
Personal Property Coverage
What is the maximum amount an insurer will pay for a claim?
Policy Limit
What discount applies for a clean driving record?
Safe Driver Discount
A client’s home was damaged by flooding and wants proper coverage on their Home quote. What do you explain?
Flood is not covered under standard homeowners; needs separate policy
What coverage pays for injuries you cause to others in an accident?
Bodily Injury Liability
What is the term for additional living expenses after a covered loss?
Loss of Use
What is the term for canceling a policy mid-term?
Policy Cancellation
What discount applies for installing smoke detectors?
Home Safety Discount
A client calls for a quote and asks why their quoted premium increased. What do you say?
Factors like claims history, area inflation due to claims, or risk changes.
What coverage pays for your medical bills regardless of fault?
Personal Injury Protection (PIP) or Medical Payments
What coverage protects you if someone is injured on your property?
Personal Liability Coverage
What is a premium?
The cost of the insurance policy
What discount applies for paying your policy in full?
Paid-in-Full Discount
A client wants to add jewelry coverage. What do you recommend?
SPP endorsement - Legacy
VIP-ASC
What is uninsured motorist coverage?
Coverage for injuries/damages caused by a driver with no insurance
What is an endorsement?
An add-on to expand or modify coverage
What is subrogation?
The insurer’s right to recover costs from a third party
What discount applies for monitoring driving behaviors?
Drivewise
A client asks about bundling. What’s the benefit?
Discounts and simplified policy management