Auto 4,5, 6 practice questions

Question 1

under the own damage coverage, what is the waiting period before reimbursements of theft can be used

Answer 1

72 hours

Question 2

if the insurer received a proof of loss and chooses not to repair rebuild or replace the damaged auto, they must pay the claim within how many days?

Answer 2

60

Question 3

What is the insurance coverage called when the automobile and times inside are thrown overboard while the vehicle is being transported over water?

Answer 3

General Average Charges

Question 4

What are the 4 subsections of own damage coverage in ON that are optional

Answer 4

All perils, comprehensive, collision and upset, or specified perils

Question 5

what are the amounts paid under the priority of payments in Ontario and the limit

Answer 5

limit of 200k. and 95% towards property and 5% towards bodily injury

Question 6

What coverages apply to a non-owned vehicle ( not a TSA)

Answer 6

accident benefits, third party liability, uninsured motorist

Question 7

What is considered carrying passengers for higher in use of OAP1

Answer 7

taxi, bus, sightseeing conveyance