The Appraisal Provision in the Personal Auto Policy Is Used

question 39

Multiple Choice

The appraisal provision in the Personal Auto Policy is used to determine the

• A)value of a loss payable under property damage liability.
• B)amount paid for a physical damage loss to the insured's auto if the insured and insurer disagree.
• C)amount of auto insurance that should be purchased for an older/antique car.
• D)value of the loss payable under the medical payments coverage.

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Definitions:

Referral Interviews

Interviews conducted with individuals recommended by others, often used for gathering information or networking.

Information Interviews

Interviews conducted to gather information about a job, career field, industry, or company culture, not necessarily tied to a job opening.

Uninformed Employers

employers who lack necessary or critical information about certain aspects of their business, industry, or employee welfare.

Mature Customers

Mature customers refer to a demographic group of older adults or seniors, whose purchasing preferences and behaviors may differ from younger shoppers due to their life experiences and financial stability.