1) What are the limits of liability? a) Up to $30,000 bodily injury per person, Up to $60,000 bodily injury per accident, Up to $25,000 in property damages b) Up to $30,000 bodily injury per person, Up to $20,000 bodily injury per accident, Up to $25,000 in property damages c) Up to $60,000 bodily injury per person, Up to $20,000 bodily injury per accident, Up to $30,000 in property damages d) Up to $60,000 bodily injury per person, Up to $25,000 bodily injury per accident, Up to $30,000 in property damages 2) What is the maximum amount the insurer will pay for each person that is injured in an accident that you caused? a) $25,000 b) $30,000 c) $60,000 d) $45,000 3) What are the two types of Liability coverage? a) Per person and Per accident b) Bodily Injury and Property Damage c) Personal Injury and Physical Damage d) Comprehensive and Collision 4) Let’s say you buy a policy with bodily injury limits of 30/60/25. You then cause an accident that results in the following expenses for injuries for the three people in the other car: Michael: $30,000; Anne: $10,000; Chris: $60,000. How much do you owe after insurance paid their part? a) $40,000 out of pocket b) $30,000 out of pocket c) $110,000 out of pocket d) Insurance covers everything 5) What is the maximum that liability will cover on the damages you caused to the other party's property? a) $30,000 b) $25,000 c) $60,000 d) $10,000 6) What could Liability bodily injury payout to the other party? a) Medical expenses from ambulance costs and hospitalization b) Funeral costs of the injured parties c) Loss of income if the injured party is unable to work d) All of the above 7) Liability pays for who? a) Liability pays for damages you do to someone else. b) Pays for your vehicle c) Pays for vandalism d) None of the above
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