PSI Personal Lines Insurance Exam
Questions and Answers
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 - Correct Answer ✅ Loss of a CD player
installed in the vehicle dashboard
The collision coverage of a personal auto policy does not
cover the following loss situations except - Correct Answer
✅ Large limbs and branches of a tree that have fallen onto
the street as a result of a windstorm the injured collides with
them
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 - Correct Answer ✅ License
number of the hit and run vehicle
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
,PSI Personal Lines Insurance Exam
Questions and Answers
medical payments - Correct Answer ✅ Liability, uninsured
motorists, medical payments, collision, and other than
collision
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? - Correct Answer ✅ $1,000
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 - Correct Answer ✅ $7,500
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 - Correct Answer ✅ $30,000
When does APAP require that insured to notify the police -
Correct Answer ✅ For hit-and-run accidents and theft
, PSI Personal Lines Insurance Exam
Questions and Answers
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 - Correct Answer ✅ The short
rate type of cancellation
Which of the following coverages may you buy with a named
non-owner liability policy - Correct Answer ✅ Liability,
medical payments, and uninsured motorists
What coverage is available under the extended non-owner
liability coverage - Correct Answer ✅ Liability and medical
payments
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 - Correct
Answer ✅ $20
Questions and Answers
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 - Correct Answer ✅ Loss of a CD player
installed in the vehicle dashboard
The collision coverage of a personal auto policy does not
cover the following loss situations except - Correct Answer
✅ Large limbs and branches of a tree that have fallen onto
the street as a result of a windstorm the injured collides with
them
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 - Correct Answer ✅ License
number of the hit and run vehicle
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
,PSI Personal Lines Insurance Exam
Questions and Answers
medical payments - Correct Answer ✅ Liability, uninsured
motorists, medical payments, collision, and other than
collision
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? - Correct Answer ✅ $1,000
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 - Correct Answer ✅ $7,500
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 - Correct Answer ✅ $30,000
When does APAP require that insured to notify the police -
Correct Answer ✅ For hit-and-run accidents and theft
, PSI Personal Lines Insurance Exam
Questions and Answers
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 - Correct Answer ✅ The short
rate type of cancellation
Which of the following coverages may you buy with a named
non-owner liability policy - Correct Answer ✅ Liability,
medical payments, and uninsured motorists
What coverage is available under the extended non-owner
liability coverage - Correct Answer ✅ Liability and medical
payments
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 - Correct
Answer ✅ $20
