Auto Insurance Exam FX -questions with
correct answers
Owned Autos - ...,.🔹VERIFIED ANSWER **✔✔Eligible vehicles
titled by the insured or acquired during the policy period
Non Owned Autos - ...,.🔹VERIFIED ANSWER **✔✔any private
passenger auto, pickup van or trailer operated by or in the custody
of the named insured or family member, but are not titled by or
furnished for the regular use of the insured.
Hired Autos - ...,.🔹VERIFIED ANSWER **✔✔leased hired, rented
or borrowed from someone other than an employee or partner
Liability coverage protects the insured against loss arising from
legal liability when an auto that the insured owns, operates or
maintains is involved in an accident - ...,.🔹VERIFIED ANSWER
**✔✔*Bodily Injury & property damage due to an accident
*Defense cost as long as the policy covers a particular loss
*Costs for settling or defending the insured as deemed appropriate
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,An insured is the person named in an insurance policy that is
protected under the contract and to whom the insurer pay benefits
or provide services - ...,.🔹VERIFIED ANSWER **✔✔
Bodily injury per person/ All Bodily Injuries/property damage per
accident - ...,.🔹VERIFIED ANSWER **✔✔25/50/25
Split Limit coverage uses 3 dollar amounts - ...,.🔹VERIFIED
ANSWER **✔✔Bodily injury per person/ All Bodily
Injuries/property damage per accident
Combined Single Limit - ...,.🔹VERIFIED ANSWER **✔✔uses one
dollar amount indicating the max coverage for all losses regardless
of the number of people involved or the amount of property
damaged
Out of State COverage - ...,.🔹VERIFIED ANSWER **✔✔if a
covered auto is involved in an auto accident that occurs in any state
or Canadian province other that then one in which the auto is
principally garaged, the out of state coverage will apply.
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, Personal Auto Policy (PAP)
Purpose
Definitions
Types of Autos
A
B
C
D
E
F - ...,.🔹VERIFIED ANSWER **✔✔insurance policy for owners of
private passenger vehicles-
Part A - Liability Coverage
Part B- Medical Payments COverage
Part C - Uninsured Motorist Coverage
Part D - COverage for Damage to your Auto
Part E - Duties after an accident or loss
Part F - General Provisions
PAP contains insuring agreement, exclusions and limits of liability
- ...,.🔹VERIFIED ANSWER **✔✔Legal liability, injury to the
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correct answers
Owned Autos - ...,.🔹VERIFIED ANSWER **✔✔Eligible vehicles
titled by the insured or acquired during the policy period
Non Owned Autos - ...,.🔹VERIFIED ANSWER **✔✔any private
passenger auto, pickup van or trailer operated by or in the custody
of the named insured or family member, but are not titled by or
furnished for the regular use of the insured.
Hired Autos - ...,.🔹VERIFIED ANSWER **✔✔leased hired, rented
or borrowed from someone other than an employee or partner
Liability coverage protects the insured against loss arising from
legal liability when an auto that the insured owns, operates or
maintains is involved in an accident - ...,.🔹VERIFIED ANSWER
**✔✔*Bodily Injury & property damage due to an accident
*Defense cost as long as the policy covers a particular loss
*Costs for settling or defending the insured as deemed appropriate
1 \\\\\\/ \\\\\\
18
,An insured is the person named in an insurance policy that is
protected under the contract and to whom the insurer pay benefits
or provide services - ...,.🔹VERIFIED ANSWER **✔✔
Bodily injury per person/ All Bodily Injuries/property damage per
accident - ...,.🔹VERIFIED ANSWER **✔✔25/50/25
Split Limit coverage uses 3 dollar amounts - ...,.🔹VERIFIED
ANSWER **✔✔Bodily injury per person/ All Bodily
Injuries/property damage per accident
Combined Single Limit - ...,.🔹VERIFIED ANSWER **✔✔uses one
dollar amount indicating the max coverage for all losses regardless
of the number of people involved or the amount of property
damaged
Out of State COverage - ...,.🔹VERIFIED ANSWER **✔✔if a
covered auto is involved in an auto accident that occurs in any state
or Canadian province other that then one in which the auto is
principally garaged, the out of state coverage will apply.
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18
, Personal Auto Policy (PAP)
Purpose
Definitions
Types of Autos
A
B
C
D
E
F - ...,.🔹VERIFIED ANSWER **✔✔insurance policy for owners of
private passenger vehicles-
Part A - Liability Coverage
Part B- Medical Payments COverage
Part C - Uninsured Motorist Coverage
Part D - COverage for Damage to your Auto
Part E - Duties after an accident or loss
Part F - General Provisions
PAP contains insuring agreement, exclusions and limits of liability
- ...,.🔹VERIFIED ANSWER **✔✔Legal liability, injury to the
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