How Well Do You Know Your Policy?

1. You become involved in an auto accident, and the damages to your vehicle are $800.  If you have a $500 deductible, how much will your insurance company pay?

2. You are involved in an auto accident, in which you are legally liable and cause injury to the other party. What coverage pays for the other party’s medical injuries?

3. You purchased an auto insurance policy, with liability limits of 15/30/10. If you are involved in an accident, how much will your policy pay for property damage that you are legally liable for?

4. You just purchased a vehicle, and you are financing the purchase price. What coverage will your lien holder usually require you to have?

5. You are driving down the road at about 35 MPH. The speed limit is 30. The road you are traveling on is one-lane in each direction. You come to an intersection, and do not slow down because your light is green.

You notice another driver coming from the opposite direction. Without using his left turn signal, the other driver makes a left in front of you. You slam on your brakes and swerve, and did everything possible to avoid the accident, but still hit him.

The other driver was ticketed for "failure to yield right of way" to an oncoming vehicle. You file a claim with his insurance company.

Will they accept 100% liability and pay your claim in full?

6. You are stopped at a red light when another driver rear-ends your vehicle.

Their insurance company accepted 100% liability and has already begun repairs on your vehicle. They have approved for you to get a rental of a comparable vehicle for 5 days.

The collision shop you took your vehicle to is very busy and takes 12 days to repair your car.

Is the at-fault insurance company obligated to extend your rental?

7. You purchased a new vehicle from your local dealership. The dealer installed custom wheels and tires.

Two months later, your vehicle is stolen and recovered with no damage, but the wheels and tires are missing.

Does your policy automatically cover the loss since you purchased the vehicle this way?

8. Medical Payments coverage will provide protection to all of the following people injured in an accident, except:

9. What coverage covers you for the difference in your payoff and actual cash value (ACV) of your vehicle if it were involved in a loss and totaled?

10. Collision coverage is designed to cover the cost of damages to your car that occur because of a car accident, regardless who is at fault.