PSI Personal Lines Insurance
Exam Questions and Answers
100% Pass
Loss of a CD player installed in the vehicle dashboard - CORRECT ANSWER:-
Which of the following may be covered under the physical damage insuring
agreement of a personal auto policy? Loss of a CD player installed in the vehicle
dashboard, damage to the vehicle caused by an engine failure, theft of a CB radio,
all of the above
Large limbs and branches of a tree that have fallen onto the street as a result of a
windstorm the injured collides with them - CORRECT ANSWER:-The collision
coverage of a personal auto policy does not cover the following loss situations
except
License number of the hit and run vehicle - CORRECT ANSWER:-To be covered
for a hit-and-run accident under the uninsured motorist property damage coverage
of APAP, what is required to be provided to the insurer
Liability, uninsured motorists, medical payments, collision, and other than collision
- CORRECT ANSWER:-Which of the following coverages may you buy with a
,named operator policy? Liability only, liability uninsured motorists medical
payments collision and other than collision, liability and uninsured motorist, or
liability uninsured motorists and medical payments
$1,000 - CORRECT ANSWER:-The PAP collision deductible is $1000, and the
other than collision deductible is a $500. How much would the insurer pay for an
accident involving the overturn of one vehicle, resulting in $2000 of damage?
$7,500 - CORRECT ANSWER:-Car a is an accident with car be, a suffers $10,000
of damage but is determined that a is 25% responsible for the accident. How much
would a receive under comparative negligence rules
$30,000 - CORRECT ANSWER:-Under California financial responsibility law, the
minimum financial responsibility for an accident that involves several people
injured in one accident is, 10,000, 5000, 15,000, or 30,000
For hit-and-run accidents and theft - CORRECT ANSWER:-When does APAP
require that insured to notify the police
The short rate type of cancellation - CORRECT ANSWER:-When an automobile
insurance policy is canceled at the request of the insured, and the insurance
company keeps all earned premiums, in addition to amounts to to pay for
overhead expenses incurred by the insurer, it is referred to as what type of
cancellation
, Liability, medical payments, and uninsured motorists - CORRECT ANSWER:-
Which of the following coverages may you buy with a named non-owner liability
policy
Liability and medical payments - CORRECT ANSWER:-What coverage is
available under the extended non-owner liability coverage
$20 - CORRECT ANSWER:-What is the limit per day for transportation expenses
in an unendorsed PAP in the event of theft, after it is reported and automobile is
not returned within 48 hours of theft
allow the company to inspect the damaged property before it is repaired -
CORRECT ANSWER:-After a collision loss, the PAP requires the insured to
10 days - CORRECT ANSWER:-An insured has a PAP and did not pay the initial
insurance premium when it was due. Insurer cancels the policy for non-payment.
How many days notice must the insured give
Named nonowner liability coverage - CORRECT ANSWER:-If an individual does
not own an auto, nor have regular use of an auto, what endorsement to a PAP
could be used to properly protect that individual
All coverage under the PAP - CORRECT ANSWER:-What coverage is available
under the miscellaneous type vehicle endorsement
Exam Questions and Answers
100% Pass
Loss of a CD player installed in the vehicle dashboard - CORRECT ANSWER:-
Which of the following may be covered under the physical damage insuring
agreement of a personal auto policy? Loss of a CD player installed in the vehicle
dashboard, damage to the vehicle caused by an engine failure, theft of a CB radio,
all of the above
Large limbs and branches of a tree that have fallen onto the street as a result of a
windstorm the injured collides with them - CORRECT ANSWER:-The collision
coverage of a personal auto policy does not cover the following loss situations
except
License number of the hit and run vehicle - CORRECT ANSWER:-To be covered
for a hit-and-run accident under the uninsured motorist property damage coverage
of APAP, what is required to be provided to the insurer
Liability, uninsured motorists, medical payments, collision, and other than collision
- CORRECT ANSWER:-Which of the following coverages may you buy with a
,named operator policy? Liability only, liability uninsured motorists medical
payments collision and other than collision, liability and uninsured motorist, or
liability uninsured motorists and medical payments
$1,000 - CORRECT ANSWER:-The PAP collision deductible is $1000, and the
other than collision deductible is a $500. How much would the insurer pay for an
accident involving the overturn of one vehicle, resulting in $2000 of damage?
$7,500 - CORRECT ANSWER:-Car a is an accident with car be, a suffers $10,000
of damage but is determined that a is 25% responsible for the accident. How much
would a receive under comparative negligence rules
$30,000 - CORRECT ANSWER:-Under California financial responsibility law, the
minimum financial responsibility for an accident that involves several people
injured in one accident is, 10,000, 5000, 15,000, or 30,000
For hit-and-run accidents and theft - CORRECT ANSWER:-When does APAP
require that insured to notify the police
The short rate type of cancellation - CORRECT ANSWER:-When an automobile
insurance policy is canceled at the request of the insured, and the insurance
company keeps all earned premiums, in addition to amounts to to pay for
overhead expenses incurred by the insurer, it is referred to as what type of
cancellation
, Liability, medical payments, and uninsured motorists - CORRECT ANSWER:-
Which of the following coverages may you buy with a named non-owner liability
policy
Liability and medical payments - CORRECT ANSWER:-What coverage is
available under the extended non-owner liability coverage
$20 - CORRECT ANSWER:-What is the limit per day for transportation expenses
in an unendorsed PAP in the event of theft, after it is reported and automobile is
not returned within 48 hours of theft
allow the company to inspect the damaged property before it is repaired -
CORRECT ANSWER:-After a collision loss, the PAP requires the insured to
10 days - CORRECT ANSWER:-An insured has a PAP and did not pay the initial
insurance premium when it was due. Insurer cancels the policy for non-payment.
How many days notice must the insured give
Named nonowner liability coverage - CORRECT ANSWER:-If an individual does
not own an auto, nor have regular use of an auto, what endorsement to a PAP
could be used to properly protect that individual
All coverage under the PAP - CORRECT ANSWER:-What coverage is available
under the miscellaneous type vehicle endorsement
