2024 California Insurance Adjuster Exam Test Bank New Latest Version Updated 2023-2024 with 800+ Questions and 100% Correct Answers
Under a personal auto policy(PAP),how would the damage sustained to an insured vehicle as the result the insured smashing into a large fallen tree that had fallen several hours earlier as the result of a lightening striking is it covered? -------- Correct Answer --- ---- under the collision section of the policy
All of the following are considered insureds under the PAP, except: -------- Correct Answer ------- Any person using an auto not owned by the insured
An auto liability policy with split limits of 15/30/5 would pay what maximum amount in the event of a covered bodily injury loss to three people? -------- Correct Answer ------- $30k
An auto liability policy with split limits of $10/$20/$5 would pay how much in the event of a $10k loss to the other person's damaged vehicle? -------- Correct Answer ------- $5k
What kind of coverage would you recommend to one of your insured's who is single and does not own a car, but, she does , on occasion, drive cars that belong to her friends (both male and female). Additionally, she is planning a vacation to Florida and will be renting a car while there -------- Correct Answer ------- named non-owner coverage endorsement
What would an insurer likey pay if the following were the details surrounding an accident for which the insured was at fault and had bodily injury policy limits of $25,000 per person and $50,000 per occurrence? Three people injured:#1-$11,00,#2-$26,000 and #3-$12,000 -------- Correct Answer ------- $48,000
Which of the following cities would fall within the policy territory limits of PAP issued by an insurer in the state of california? -------- Correct Answer ------- Vancouver,Canada
You are the agent for an insured that carries both a homeowners policy and a personal auto policy(PAP) with you through the same insurance carrier. The insured is driving home,(in the auto you have insured),after purchasing a brand new big- screen TV,VCR, stereo, CD -------- Correct Answer ------- DVD player all in one unit. He collides with a parked car and destroys the new TV. How would this loss be covered?/ the homeowners policy-personal property coverage
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What is the requirement and what is provided under the Mexico coverage endorsement to a PAP in California? -------- Correct Answer ------- provide liability coverage (excess) for any accident in Mexico with 25 miles of the us border
Of the following choices, which is correct regarding why a motorcycle is not automatically covered under a personal auto policy? -------- Correct Answer ------- an unendorsed personally auto policy does not automatically cover two wheeled vehicles
How would the damage resulting from hail be covered under a personal auto policy ------ -- Correct Answer ------- covered as other than collision loss
An automobile insurance company is permitted to cancel a personal auto policy for which of the following reasons? -------- Correct Answer ------- the insured's drive license is suspended. This is the person that normally drives the vehicle
Jackie's personal auto policy(which is unendorsed) would provide payment for which of the following? -------- Correct Answer ------- expense of repairing a neighbor's wall, surrounding a garden, that Jackie accidentally backed through
All of the following are considered an uninsured motor vehicle according to policy definitions found in a personal auto policy, EXCEPT -------- Correct Answer ------- A vehicle that is self-insured because it is owned by a state agency
Your insured has a personal auto policy that provides medical payment coverage $2000. Of the following statements, which is true regarding the amount payable under this section of the policy? -------- Correct Answer ------- the insured is car- pooling to work with her neighbor when they are in an accident. Both are injured and incur almost $3000 each in medical expenses. The insured and her neighbor would each be paid $2000 from the policy
Your insured client has an auto policy with liability and collision coverage's. the insured experience an at fault accident the first time he uses the neighbor's truck which has liability coverage only. His PAP provides coverage and will pay for the entire loss since he was driving the truck -------- Correct Answer ------- this is how the insurer would handle this claim.
"other-than collision" coverage of personal auto policy covers which of the following types of losses? -------- Correct Answer ------- the windshield of the vehicle is damaged while left overnight on a city street within 5 miles of the insured's residence
Which of the following is not only reason that an insurer can cancel an automobile insurance policy? -------- Correct Answer ------- the driver's license of the individual who usually operated the vehicle that is insured by the policy and who is insured by the policy has had his licenses suspended
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A personal auto policy will cover all the following types of losses, EXCEPT: -------- Correct Answer ------- a "palm- top" computer, personally owned by the insured, is stolen from the insured's car while it is parked in her driveway at home
Calculate the amount the insurer would pay, under a PAP, for a loss in the following circumstances, with the following coverage limit: collision coverage--$500 deductible.Other- than collision-- $50 deductible; damage to the insured's vehicle-$1050 after insured misses a stop sign and hits another vehicle -------- Correct Answer ------- $550
State of California DOI minimums for liability coverage are $15,000 /$30,000/$5,000. An insured has an accident out of state that has higher financial responsibility limits than California. Which of these is true?/ -------- Correct Answer ------- the policy automatically provides the higher necessary limits without an extra premium
An individual is driving home from the store with a new 48- inch flat screen TV. An accident occurs and the TV is destroyed. The driver carries a homeowners policy (HO) as well as a personal auto policy (PAP). Will the damaged TV be covered? If yes, how?-------- Correct Answer ------- yes, under the personal property part of his HO policy
Which of these is not included in definition of the "uninsured motor vehicle" in a personal auto policy? -------- Correct Answer ------- vehicles that are owned by an agency of the state that self-insures the vehicle
Why is a newly acquired motorcycle not automatically covered under the tems and conditions of a persona auto policy? -------- Correct Answer ------- these types of vehicles( motorcycles, and other types of non-automobiles) are not covered under a personal auto policy that is unendorsed
An insured's vehicle is stolen. Following this the insured rents a replacement vehicles for two months until her auto is repaired by the insurer. Will her personal auto policy pay for the cost of the rental, and if so how? -------- Correct Answer ------- the policy will pay all needed expense the insured incurs for the rental car to the stated limits found in the policy
In addition to paying legal damages, but without deducting from the policy's limits, which of these would be covered in a personal auto policy? -------- Correct Answer ------- these are all covered in addition to the limits stated in the policy contract
A personal auto policy contains the state required liability and medical payment coverage as well as "other-than- collision' coverage. How would a claim be paid if there were a loss after an insured is stolen and then wrecked -------- Correct Answer ------- the claim would be paid under "other-than-collison" coverage
An unendorsed personal auto policy would cover which of the following under the liability coverage part? -------- Correct Answer ------- the repair expenses that are 3 / 4
needed to fix the damage to neighbor's fence that was the result the insured negligently driving through it while driving unsafely
The best definition of the term "collision" as found in a personal auto policy is which of the following? -------- Correct Answer ------- hitting any other vehicle or object with the insured vehicle, or the upset of the insured vehicle
What is the limit for sound reproducing equipment under the coverage endorsement for excess sound reproducing equipment, audio, visual and data electronic, tapes , record, disks and other media -------- Correct Answer ------- $200
A PAP contains the following limitations; $30,000person and $50,000/accident for bodily injury. An accident occurs that injures three people resulting in a number of lawsuits.The outcome of lawsuits found the insured to be liable and responsible for the following damages: $10,000 for the first person; 13,000 for the second person and $35,000 for the third person; what will the policy pay? -------- Correct Answer ------- $50,000
Damage which is the result of a hailstorm, in which of the following ways under a personal auto policy? -------- Correct Answer ------- covered as an other-than- collision loss
An endorsement and an extra premium would be required for which of the following liability losses under a personal auto policy? -------- Correct Answer ------- the insured regulary uses, at the permission of his employer, a company owned car and has an accident with the vehicle
The limit of liability in a personal auto policy proving coverage for "damage to your automobile" is stated as " the lesser of the amount necessary to replace or repair the damaged property (vehicle) or the ________(fill in the blank from the choice below ------ -- Correct Answer ------- actual cash value of the damaged or stolen property
There is exclusion in an automobile insurance issued by admitted insurer in California regarding coverage in Mexico, which can only be provided through an endorsement to PAP. Which is true regarding this endorsement? -------- Correct Answer ------- it is liability coverage, on an excess basis , provided for losses that occur in Mexico, within 25 miles of the California/Mexico international border
Coverage under a comprehensive personal liability policy or a homeowners section 2 extends: -------- Correct Answer ------- to the premises described and to the personal activities of the insured's on or off of the premises
Which property is excluded under an HO3 policy? -------- Correct Answer ------- guard dog
Which is an additional coverage does a DP2 have compared to a DP1 -------- Correct Answer ------- additional living expense
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