Types of Claims Quiz

Question 1 of 2

1. Question

Which of the following is the definition of a first-party claim?

1. A claim that occurs between the policyholder and the insurance company.

2. A claim that involves the insured, the insurance company, and another individual.

Correct

Incorrect
Question 2 of 2

2. Question

How do exclusions affect the process of evaluating coverage for first-party claims?

1. An exclusion will increase the amount of the deductible if the risk is listed in the exclusion.

2. An exclusion will decrease the amount of the deductible if the risk is listed in the exclusion.

3. An exclusion could equate to lack of coverage if the risk is not covered.

Correct

Incorrect