What is the purpose of a cover note in car insurance?

To provide temporary proof of insurance.

To replace the certificate of insurance.

To initiate the claims process.

What information is typically included in a cover note?

Details of anyone entitled to drive the vehicle.

Extent of cover (e.g., comprehensive, third party).

What happens if the cover note expires before the permanent documents are issued?

The policyholder can continue driving without insurance.

The policyholder must immediately stop driving the vehicle.

An extension cover note is typically sent.

The policyholder can request a refund of premiums.

Why should you keep car insurance documents in a safe place?

To avoid paying taxes on your vehicle.

To easily produce them if stopped by the police.

What should you do if you discover errors in your insurance documents?

Ignore them; they won't affect your coverage.

Contact your insurer to correct the mistakes.

Wait until the next policy renewal to fix them.

File a complaint with the police.

In the claims process, what is the first thing you should do after an event like theft or an accident?

Review your insurance policy for coverage details.

Contact the police and obtain an incident number.

Begin repairs on your damaged property.

Notify your insurer of the event.

What is the purpose of an insurance assessor in the claims process?

To represent the policyholder in negotiations with the insurer.

To assess the situation, the loss, and its value.

To handle repair work and restoration.

To provide legal advice to the policyholder.

What does the term "peril" mean in insurance?

A specific type of car insurance.

The possibility of having an accident.

Anything that can cause a loss based on policy coverage.

An insurance broker's commission.

What should you do if your insurance lacks coverage for a specific peril?

Cancel your insurance policy immediately.

Contact your insurer to request additional coverage.

Wait for your policy to automatically include it.

Seek coverage from a different insurance company.

Concept of Insurance - 2 Free MCQ Practice Test with Solutions

	Principles of Insurance 49 videos\|51 docs\|14 tests

	Principles of Insurance 49 videos\|51 docs\|14 tests

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