Common Policy Provisions
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Question 1 of 7
1. Question
Four months after Harold purchased an Auto insurance policy, he did not pay the monthly premium, and the insurer terminated the policy. This is best described as
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Question 2 of 7
2. Question
When her homeowner’s insurance policy expired, Anna decided to switch insurance companies. This is best described as
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Question 3 of 7
3. Question
After Leo’s primary insurance policy reached its limit of insurance, another policy paid the remainder of his accident costs. What is the name for the second insurance policy?
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Question 4 of 7
4. Question
What is the policy territory for most personal auto policies?
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Question 5 of 7
5. Question
Which is NOT true about a deductible?
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Question 6 of 7
6. Question
Suppose there are two policies insuring the same building, and a fire destroys the building. If the pro rata method is followed, each policy
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Question 7 of 7
7. Question
Suppose there are two policies insuring the same building, and a fire causes a partial loss of $40,000 to the building. If the contribution by equal shares method is followed, each policy
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