OMV Insurance Requirements 3

Question 1

What is a 'deductible' in an auto insurance policy?

Accepted Answer

The amount you pay out-of-pocket before insurance covers the rest

Answer

The maximum amount your insurer will pay

Answer

A discount for safe driving

Answer

The monthly premium amount

Question 2

Which document proves you have the required minimum insurance when stopped by law enforcement?

Accepted Answer

Proof of insurance card

Answer

Vehicle title

Answer

Driver's license

Answer

Vehicle registration only

Question 3

What is 'bodily injury liability' coverage designed to pay for?

Accepted Answer

Medical costs and lost wages of others you injure

Answer

Your own hospital bills after a crash

Answer

Damage to your car's interior

Answer

Funeral costs for passengers in your vehicle

Question 4

A policy with limits of 25/50/20 means property damage liability covers up to how much per accident?

Accepted Answer

$20,000

Answer

$25,000

Answer

$50,000

Answer

$95,000

Question 5

What is 'personal injury protection' (PIP) coverage?

Accepted Answer

No-fault coverage that pays your medical bills regardless of who caused the accident

Answer

Coverage for damage to personal belongings in the car

Answer

Insurance for legal fees in a lawsuit

Answer

Coverage for rental car costs

Question 6

If you borrow a friend's car and cause an accident, whose insurance is typically the primary payer?

Accepted Answer

The car owner's insurance

Answer

Your own insurance

Answer

The other driver's insurance

Answer

The state's uninsured fund

Question 7

What is 'underinsured motorist coverage'?

Accepted Answer

Protection when the at-fault driver's insurance isn't enough to cover your losses

Answer

Coverage for drivers who are new to the road

Answer

A policy add-on for teen drivers

Answer

Coverage for vehicles worth less than $5,000