USAA Unit 3 Exam Questions With 100% Correct Answers

USAA Unit 3 Exam Questions With 100% Correct Answers Property Insurance - answerCovers damage to property, such as a home. Casualty Insurance - answerCasualty= liability Always pay the other guy, never me Third party Policy Sections (DICEE) - answerDeclarations Insuring Conditions Endorsement Exclusions Additional/Supplementary Coverage - answer-Payment for additional expenses not normally covered -May have separate limit of insurance Insureds - answerNamed insured- in the declarations First- named insured- first in the declarations Policy Period and Territory - answer-Policy period:when the policy begins and ends -Policy territory:where a loss must occur Cancellation and Nonrenewal - answerCancellation- occurs before the police expiration date Full refund of unearned premium, pro rate Non renewal- occurs at the expiration time date Deductible - answerAmount of the loss paid by the insured The higher the deductible, the lower the premium other-insurance provisions - answerMultiple policie