Alberta novice Questions with CORRECT Answers

Alberta novice Questions with CORRECT Answers

Question:
You were following a friend and rear ended him at a set of light. Your insurance
company will confer this accident.
Answer:
True


Question:
You were following a friend and rear ended him at a set of light. What type of insurance
would cover this damage?
Answer:
Third Party Liability


Question:
When you buy a new car it will depreciate by up to 70% when it leaves the lot.
Answer:
False


Question:
You lent your car to a friend and he went through a stop sign, hitting another vehicle.
Your insurance company will pay for the damages on the other vehicle.
Answer:
True


Question:
You lent your car to a friend and he went through a stop sign, hitting another vehicle.
Would your insurance company pay for the damages to your vehicle?
Answer:
Yes if you have collision coverage


Question:
During a recent flood, your vehicle while parked at home haven immersed in water.
Would your insurance company pay for the damage?
Answer:
Yes if you had comprehensive coverage