Louisiana Property And Casualty Exam Questions (301 Terms) With Verified Definitions Updated 2024

An Umbrella policy can broaden coverage as well as deepen coverage. However, if there is no underlying coverage, the Insured will be required to pay what is called a _____. {Ans: Self Insured Retention Layer}A driver who has insurance but less than the minimum limits in the state where the accident takes place is an _____. {Ans: Uninsured Motorist}Coverage C Un and Under-insured Motorists coverage protects you, your Family and any ____ riding in your car. {Ans: Passenger}The leaking and freezing of pipes may be covered under the peril of ____. {Ans: Water Damage}Car Pooling accidents are covered. But if you are driving your car as a ____, you have no auto coverage. {Ans: Taxi}Both the building and the _____ are automatically covered. {Ans: Contents}____ is a sworn statement made by a policy owner concerning a claim for a loss under their insurance policy. {Ans: A Proof of Loss}Homeowners Coverage C covers your stuff, which is called _____. {Ans: Personal Property}A lie on an application or Proof of Loss statement is called a _____. {Ans: Misrepresentation}____ Marine policies are used to insure: 1. ____ that is in transit where there will