A creditor insurance extension under a household policy covers:
The inability to keep up credit card payments in the event of redundancy
Jake has just taken out a benefit policy to cover his needs. What type of policy is he most likely to have taken out?
Personal accident and sickness policy
James takes out a personal accident and sickness policy with a franchise of seven days for sickness cover. In the event of a sickness that lasts 20 days, how many days benefit, if any, will he receive under the policy?
20
The temporary total disablement benefit under a personal accident policy is paid as a[n]:
Weekly benefit
How is the limit of indemnity typically applied to a public liability policy?
A limit per occurrence and in the aggregate.
Under the Employers’ Liability [Compulsory Insurance] Act 1969, what must be displayed as proof of the insurance at the insured’s premises or otherwise made available electronically to employees?
Certificate of insurance
Where a motor risk is insured on a fleet basis, cover usually includes:
contingent third party insurance.
What type of insurance would cover a company against the costs arising out of the need to take action in the courts or to defend an action brought against it?
Legal expenses insurance
What is the minimum level of private motor insurance required to comply with UK motoring legislation?
Road traffic act only
Jake has just taken out a benefit policy to cover his needs. What type of policy is he most likely to have taken out?
Personal accident and sickness policy
Which buildings insurance peril often has an exclusion if the property is unoccupied?
Escape of water
Under which type of motor insurance policy is loss or damage whilst loading and unloading a typical feature in the cover provided?
Commercial vehicles
Jane has a standard legal expenses policy. If her claim was rejected, this is most likely to be because the claim was for:
a fine resulting from a breach of Health and Safety legislation.
A business interruption policy typically insures gross profits and:
Wages
A personal accident and sickness policy will typically make payments for sickness where disablement arises:
from sickness or disease and prevents the insured from following their usual occupation.
With sickness insurance, what is a ‘franchise’?
It is a period of time or financial threshold below which a policy would not provide an indemnity.
Joe sustains an injury in an accident, which he later dies from. What is usually the maximum period after the accident within which his death must occur for insurers to pay the death benefit under a personal accident policy?
12 months
A creditor insurance extension under a household policy covers:
the inability to keep up credit card payments.
What is NOT a class of pecuniary insurance?
Money
What would never be covered under a standard comprehensive private car policy?
Mechanical or electrical breakdown.
What CANNOT normally be insured as an extension under a household policy?
Moped for road use
Under a theft policy, what is a common extension?
Temporary removal.
Creditor insurance provides cover for:
the insured’s inability to continue credit instalment payments in the event of redundancy or unemployment.
Under a business interruption policy, what is the name of the expenses that vary in direct proportion to the turnover?
Specified working expenses.
