PSI Personal Lines Insurance final exam Question and Answers

PSI Personal Lines Insurance final exam Question and Answers Loss of a CD player installed in the vehicle dashboard 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 The collision coverage of a personal auto policy does not cover the following loss situations except License number of the hit and run vehicle 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 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 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 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 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 When does APAP require that insured to notify the police? The short rate type of cancellation 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 pay for overhead expenses incurred by the insurer, it is referred to as what type of cancellation Liability, medical payments, and uninsured motorists Which of the following coverages may you buy with a named non-owner liability policy? Liability and medical payments What coverage is available under the extended non-owner liability coverage? $20 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 After a collision loss, the PAP requires the insured to 10 days 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 no owner liability coverage 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 What coverage is available under the miscellaneous type vehicle endorsement? Miscellaneous type vehicle endorsement If an insured purchases and fall-terrain vehicle, what endorsement can be added to the PAP to ensure the vehicle? Theft only losses Under an unendorsed PAP, transportation expense coverage applies to None Under and under endorsed PAP, what coverage is available for personal effects? 20% What is the minimum discount percentage for the good driver discount? Safety driving record What is one of the principal reading factors under proposition 103 allowed for the PAP's Return stolen property to the address shown in the policy In the event of recovery of stolen property, which of the following is an insurer’s option when making a settlement with the insured under A PAP The cost of labor only if the labor is performed at the place of disablement The PAP towing and labor endorsement pays for Someone shoots dicks car rear window while the car is parked on the street overnight Which of the following losses would be covered under dicks PAP other than-collision coverage Luggage If a motorhome is scheduled on a miscellaneous type of vehicle endorsement, all of the following property is covered except, awnings, cabanas, refrigeration facilities, or luggage Liability coverage that is excess of his neighbors liability coverage. His collision coverage also applies, but on a primary basis Maxis PAP has liability and collision coverage. His neighbor's car has liability coverage only. Max borrows his neighbor's car to go to the store and has an accident that is his fault. He damages his neighbor's car and another car. Maxis PAP provides Other-than-collision APAP insureds car was a total loss when the car was stolen and wrecked. The insured had the following coverages: liability, medical payments, and other-then-collision. Which part of her PAP will pay for the loss? Montréal Canada The PAP territory limits include: Mexico City Mexico, or London England, or Tokyo Japan, or Montréal Canada Lisa destroys the mailbox while driving a (non-owned) company car furnished for Lisa's regular... A PAP is written for Lisa providing liability coverage. Which of the following auto liability situations would not be covered unless Lisa has an endorsement attached an