NV DMV Insurance and Financial Responsibility 3

Question 1

If you lend your car to a friend who then causes an accident, whose insurance pays first in Nevada?

Accepted Answer

Your insurance as the vehicle owner

Answer

In Nevada, insurance follows the vehicle, so the owner's policy is primary when the car is loaned.

Question 2

What is the minimum property damage liability required by Nevada law?

Accepted Answer

$20,000

Answer

Nevada requires a minimum of $20,000 in property damage liability coverage per accident.

Question 3

What must you do if you cancel your Nevada vehicle insurance?

Accepted Answer

Obtain new coverage or surrender your registration

Answer

If you cancel your insurance, you must obtain a new policy or surrender your registration to avoid a lapse violation.

Question 4

Which document provides official proof that you meet Nevada's financial responsibility requirement?

Accepted Answer

An insurance ID card from your insurer

Answer

An insurance identification card issued by your insurer is the standard proof of financial responsibility in Nevada.

Question 5

An SR-22 is best described as:

Accepted Answer

A certificate filed by your insurer proving minimum coverage

Answer

An SR-22 is a certificate of financial responsibility that your insurer files with the DMV on your behalf.

(NV DMV) Nevada Department of Motor Vehicle Practice Test