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For auto insurance coverage questions, assume that you have the state farm car policy handed out. Question 1 1. You are playing golf one day up in...

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For auto insurance coverage questions, assume that you have the state farm car policy handed out. Question 1 1. You are playing golf one day up in Chicago when a 10 year old girl driving a golf cart for her parents accidentally runs over your foot. Trying to be polite, you tell the family, whom you do not know, that you are fine. However, the next day your foot hurts so badly that you have to go to the doctor. It turns out your toe is broken. You incur $5,000 in medical bills. You would be entitled to a $10,000 bodily injury award if you could find the people involved, but you never find out who they were. How much will your auto insurance policy pay? Answer $ 0 $ 5,000 $ 10,000 $ 15,000 None of the above 1 points Question 2 1. Your 21 year old daughter Alice, who lives with you, has her own car and carries liability with 50/100/25 limits, and uninsured motor vehicle coverage and underinsured motor vehicle coverage, both with 50/100 limits with Travelers, but no other coverages. Alice lets your son Jake, who lives with you but does not own a car, borrow her car. Jake runs into a house, causing $3,000 in damage to her car and $30,000 in damage to the house. How much will your insurance policies pay? Answer $ 0 $ 2,500 $ 30,000 $ 32,500
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None of the above 1 points Question 3 1. You decide that you would like a new car so on September 11, 2009, you go to University Auto Park and buy a 2013 Lamborghini for $250,000 (less the $9,500 you get in trade for your Mazda). In all the excitement, you forget to tell State Farm about this new car. Four days later, at 3am, when the Edens Expressway in Chicago is clear of traffic, you decide to see just how fast it can go. You learn that it can go faster than you can control it, and you run into a concrete bridge support. You call for a tow truck to take it to a nearby repair shop. It costs $100 for the tow and $120,000 to repair the car. How much will your auto policy pay? Answer $ 0 $ 9,000 $ 119,550 $ 120,100 None of the above 1 points Question 4 1. On page 35 of the State Farm Car Policy, the policy states, "The insured must give us or one of our agents written notice of the accident or loss as soon as reasonably possible." Which part of the contract is this statement? Answer Declarations Insuring clause Exclusions Conditions
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