Geico Knowledge Flashcards
7 cards from real Geico Assessment Test practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Geico Knowledge flashcards as text
An 'underwriter' in insurance is primarily responsible for what?
Answer: Assessing risk and deciding policy terms and pricing
Underwriters evaluate risk to determine whether to issue a policy and at what price and terms.
What does 'premium increase' after an at-fault accident usually reflect?
Answer: A higher assessed risk for the insurer
An at-fault accident generally raises a driver's assessed risk, which can lead to a higher premium.
Which discount is GEICO commonly known to offer?
Answer: Multi-policy (bundling) discount
GEICO commonly offers a multi-policy discount when customers bundle products like auto and homeowners insurance.
What is the purpose of a 'claim' in insurance?
Answer: A request for the insurer to pay for a covered loss
A claim is a formal request asking the insurer to provide payment or coverage for a loss under the policy.
Uninsured motorist coverage helps protect you when:
Answer: You are hit by a driver who has no insurance
Uninsured motorist coverage protects you if you're in an accident caused by a driver lacking insurance.
Which best describes 'comprehensive vs. collision' coverage difference?
Answer: Collision covers crashes; comprehensive covers non-crash events like theft or weather
Collision covers damage from crashes, while comprehensive covers non-collision events such as theft, fire, and weather.
A good-faith insurer is expected to handle claims:
Answer: Fairly, promptly, and according to policy terms
Insurers are expected to handle claims fairly, promptly, and in accordance with the policy's terms.