NV DMV Insurance and Financial Responsibility 5

Question 1

What does 'underinsured motorist coverage' pay for in Nevada?

Accepted Answer

Damage when the at-fault driver's insurance is insufficient to cover all losses

Answer

Underinsured motorist coverage pays the difference when the at-fault driver's limits are too low to cover your total losses.

Question 2

A Nevada vehicle owner who self-insures must have a fleet of at least how many vehicles?

Accepted Answer

25 vehicles

Answer

Nevada allows self-insurance only for owners of 25 or more vehicles who can demonstrate sufficient financial ability.

Question 3

What happens to your Nevada driver's license if you fail to satisfy a court judgment resulting from an at-fault accident?

Accepted Answer

It may be suspended until the judgment is paid or settled

Answer

Nevada may suspend your license if you fail to pay or otherwise satisfy a court judgment arising from an auto accident.

Question 4

Which statement about Nevada's insurance verification system is correct?

Accepted Answer

Insurers report policy data to the DMV electronically in real time

Answer

Nevada uses an electronic insurance verification system where insurers report policy status directly to the DMV.

Question 5

If you are involved in an accident in Nevada and the damages are under $750, what must you still do?

Accepted Answer

Exchange insurance information with the other party

Answer

Regardless of damage amount, you must exchange insurance and contact information with all parties involved in an accident.

(NV DMV) Nevada Department of Motor Vehicle Practice Test