WI DMV WI DMV Vehicle Insurance and Financial Responsibility 3

Question 1

A Wisconsin driver lends their car to a friend who causes an accident. Which insurance policy typically pays first?

Accepted Answer

The car owner's insurance policy

Answer

The driver's (friend's) personal auto policy

Answer

The state uninsured motorist fund

Answer

Neither policy is responsible

Question 2

What does uninsured motorist coverage in Wisconsin protect you from?

Accepted Answer

Injuries and damages caused by a driver who has no liability insurance

Answer

Damage to your vehicle caused by weather

Answer

Theft of your vehicle

Answer

Mechanical breakdown of your vehicle

Question 3

Wisconsin's minimum uninsured motorist bodily injury coverage limits match which other coverage?

Accepted Answer

Bodily injury liability limits ($25,000/$50,000)

Answer

Property damage liability limits

Answer

Comprehensive coverage limits

Answer

Medical payments coverage limits

Question 4

If a Wisconsin driver sells their vehicle, what should they do regarding their auto insurance?

Accepted Answer

Cancel or transfer the policy and notify their insurer of the sale

Answer

Keep the policy active for 6 months in case of future claims

Answer

Transfer the policy to the buyer automatically

Answer

The insurance lapses automatically with no action needed

Question 5

A Wisconsin driver purchases a new vehicle. How long do they typically have to add it to their existing auto insurance policy?

Accepted Answer

14 days

Answer

24 hours

Answer

7 days

Answer

30 days

Question 6

Which of the following is NOT required by Wisconsin's mandatory minimum auto insurance law?

Accepted Answer

Collision coverage for the insured vehicle

Answer

Bodily injury liability coverage

Answer

Property damage liability coverage

Answer

Uninsured motorist bodily injury coverage

Question 7

Under Wisconsin law, which of the following may an insurer use as a valid reason to cancel an auto insurance policy mid-term?

Accepted Answer

The insured driver's license was suspended or revoked

Answer

The insured driver received one minor speeding ticket

Answer

The insured moved to a different Wisconsin county

Answer

The insured vehicle failed an emissions test