Vehicle insurance 10

Question 1

1. MISREPRESENTATION

Answer 1

To make written or verbal statements that are untrue or misleading

Question 2

2. MOTOR VEHICLE REPORT

Answer 2

A report from the agency that issues your driver’s license, listing accidents and violations that appear on your driving record. This report is used to verify information provided by insurance applicants and policy holders.

Question 3

3. NAMED INSURED

Answer 3

The person or entity listed on the policy declarations page

Question 4

4. NEGLIGENCE

Answer 4

The failure to exercise the care that is expected of a reasonable person in similar circumstances.

Question 5

5. NO-FAULT INSURANCE

Answer 5

May pay for your medical treatment, lost wages, or other accident related expenses regardless of who caused the accident. This coverage is subject to the terms, limits and conditions of your policy and may not be available on all states

Question 6

6. NON-RENEWAL

Answer 6

When an insurer decides not to renew a policy at the end of its policy period.

Question 7

7. OCCURENCE

Answer 7

An event, or repeated exposure to conditions, which unexpectedly causes injury or damage during the policy period.