This assessment, titled 'Virtual AIDA Assessment for Allan,' evaluates knowledge on insurance principles and risk management. It covers topics like coverage limits, types of risks, and insurance contracts, aiming to validate understanding relevant to industry standards.
3 months
6 months
9 months
12 months
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Replacement Cost+ Depreciation Value
Replacement Cost - Depreciation Value
Scrap value of the property
None of the above
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Investigation, Negotiation, Settlement
Investigation, Valuation, Negotiation
Investigation, Valuation, Negotiation & Settlement
All of the above
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Golf cart
Bicycle
Trial Bike
Snowmobiles
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Personal Umbrella Policy
Legal expense policy
Building Code coverage
Attorney policy
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30 days
60 days
90 days
120 days
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Auto storage protection
Dwelling Protection
Dwelling Extension
Vehicle Storage Unit
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Pure Risk
Impure Risk
Speculative Risk
Non-Speculative Risk
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Peril
Hazard
Causality
Loss exposure
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Acknowledgement
Declaration
Conditions
Exclusions
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$200,000
$114,000
$86,000
$0
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Family liability protection
Building property expense
Rental liability protection
Additional living expenses
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6 months
12 months
18 months
Premium due date
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These Claims do not include damages of properties
These Claims include damages of properties through natural calamities
These Claims include damages of properties through collision
All of the above
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Insurance company, insured, claimant
Agency, insured, insurance company
Insurance company, insured, beneficiary
Agency, insured, beneficiary
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According to Allstate ORVS are vehicles which are self-prep riled and principled designed to use off public road
According to Allstate ORVS are vehicles which are self-prep riled and principled designed to use on public road
According to Allstate ORVS are vehicles which are self-prep riled and principled designed to use for public travel
According to Allstate ORVS are vehicles which are self-prep riled and principled designed to use for public transportation
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Bungalow
Condominium
Dwelling
Apartment
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Insured’s portion of out-of-pocket claim cost
Maximum dollar amount that insurer will pay
Reimbursement that Helps pay medical bills of the insured or any passengers
Possibility of loss
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Welcome discount
claim free discount
Early signing discount
Two-year benefit discount
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Incurred losses / Earned premium
Earned premium – incurred losses
Loss ratio + expense ratio
Gross income – net income
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Drivewise
Milewise
Passive restraint reward
Your Choice Auto
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Yes
NO
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Fast mobile E-payment
Quick card Pay
QuickFoto Claim
All of the above
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Vandalism
Freezing of plumbing
Smoke water damage
Earthquakes
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Theft, Vandalism, Fire, Smoke & Water Damage.
Theft, Vandalism, Fire, Smoke & Flood Damage.
Theft, Vandalism, Fire, Flood Damage.
None of the above
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Adding a new story onto the top of the house
An attached sunroom
An unattached garden shed
An attached 2-car garage
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Transfer
Defiance
Avoidance
Acceptance
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The cost to repair or replace property using new materials of similar kind and quality with no deduction for depreciation.
The right of a person or entity to property such that a loss to that property would cause a direct financial loss to that person or entity.
Insuring of property or entity from any financial losses cause by natural calamities
None of the above
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Proximate cause
Contribution
Indemnity
Insurable interest
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Safe drivers discount
Passive restraint Discount
Anti-Lock Brakes Discount
Defensive Driver Discount
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True
False
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Stock insurers
Mutual insurers
Reciprocal insurer
Reinsurers
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If damaged house is not fit for stay due to recent damages, Hotel stay, Food & other expenses are not covered.
If damaged house is fit for stay due to recent damages, Hotel stay, Food & other expenses are covered.
If damaged house is not fit for stay due to recent damages, Hotel stay, Food & other expenses are covered.
None of the above
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Tom Wilson
Brian Bohaty
Kermit R. Crawford
Michael L. Eskew
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Whole Life insurance, Term Insurance, Universal life insurance
Term Insurance, Whole life insurance
Whole life insurance, Universal Life insurance
All the above
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Temp Coverage typically for 10,20 or 30 Years
Lifelong protection and better value long term plus more flexibility
High initial premium with highest death benefits
Both a & c
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Insured + Residence involved + Things owned by insured
Insured + Family + Residence involved + Things owned by insured
Insured + Family + Residence involved
None of the above
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The difference between the value of a covered motorcycle and the balance of the loan or lease on the bike
The difference between the value of a covered motorcycle and the balance of the loan or actual cash value
The difference between the value of a covered motorcycle and the balance of the loan or rental cost of the bike
The difference between the value of a covered motorcycle and the outstanding loan amount
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Solvency
Regularization
Actuary
Adequacy
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Medical Payment Coverage
Collision
Bodily injury liability
Uninsured Motorist
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Insurance policy
Insurance Claim
Insurance Agreement
Utmost good faith
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1931
1950
1952
1968
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$1.76 Billion
$3.76 Billion
$1.07 Billion
$3.07 Billion
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Bodily Injury Liability
Guest Passenger Liability
Motorcycle Medical Payment/Personal Injury Protection
Uninsured/Underinsured Motorist
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Property damage, punitive damage, general damage
General damage, property damage, special damage
General damage, special damage, punitive damage
All the above
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A contract Between two parties the insurance company (Insurer)And the customer (Insured)
A contract in which Insurer Collect premium payment from the named insured in exchange for protection against the loss of income that would result if the insured passed away
A contract in which the insured names a beneficiary who receives the proceeds upon the death of the insured
All of the above
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Ivantage
Arity
SquareTrade
Answer Financials
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Flood
Basic maintenance repairs
Sewer backups
All of the above
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Quiz Review Timeline (Updated): Mar 20, 2023 +
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