SGI SGI Auto Insurance Fundamentals 2 — Questions and Answers
Question 1: What does optional collision coverage pay for?
- Damage to your own vehicle when it collides with another object or vehicle (Correct answer)
- Damage to another person's vehicle
- Medical expenses after an accident
- Theft of personal belongings from your vehicle
Correct answer: Damage to your own vehicle when it collides with another object or vehicle
Optional collision coverage pays to repair or replace your own vehicle when damaged in a collision, minus the deductible.
Question 2: What does optional comprehensive coverage include?
- Damage from fire, theft, vandalism, weather, and other non-collision events (Correct answer)
- Only theft of the vehicle
- Collision damage on private property
- All damage including collision
Correct answer: Damage from fire, theft, vandalism, weather, and other non-collision events
Comprehensive coverage protects against losses not caused by a collision, such as fire, theft, hail, flooding, and vandalism.
Question 3: What is a deductible in auto insurance?
- The amount the insured pays out-of-pocket before insurance covers the rest (Correct answer)
- The monthly premium cost
- The maximum the insurer will pay
- A penalty for making a claim
Correct answer: The amount the insured pays out-of-pocket before insurance covers the rest
A deductible is the portion of a claim the policyholder must pay themselves before SGI or the insurer covers the remaining amount.
Question 4: What is the SGI driver's licence medical review process used for?
- To assess whether a driver's medical condition affects their ability to drive safely (Correct answer)
- To test knowledge of first aid procedures
- To certify commercial drivers only
- To review accident reports
Correct answer: To assess whether a driver's medical condition affects their ability to drive safely
SGI's medical review process evaluates whether a driver's health condition may impair their ability to operate a vehicle safely.
Question 5: In Saskatchewan, when must a new vehicle be registered with SGI?
- Within 10 days of purchase or before driving on public roads (Correct answer)
- Only at the start of the new calendar year
- Within 30 days of purchase
- Only when renewing licence plates
Correct answer: Within 10 days of purchase or before driving on public roads
A newly purchased vehicle must be registered with SGI within 10 days of purchase or before it is driven on public roads, whichever comes first.
Question 6: What is the SGI claim process first step after a vehicle collision?
- Report the collision to SGI and document the scene (Correct answer)
- Wait for the other party to contact their insurer
- Repair the vehicle immediately
- File a police report only
Correct answer: Report the collision to SGI and document the scene
The first step is to report the collision to SGI as soon as possible and gather documentation including photos, witness information, and a police report if applicable.
SGI SGI Auto Insurance Fundamentals 2
What does optional collision coverage pay for?