Types of Claims Quiz

Types of Claims Quiz

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Question 1 of 2

1. Question
Which of the following is the definition of a first-party claim?
- A claim that occurs between the policyholder and the insurance company.
- A claim that involves the insured, the insurance company, and another individual.
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Question 2 of 2

2. Question
How do exclusions affect the process of evaluating coverage for first-party claims?
- An exclusion will increase the amount of the deductible if the risk is listed in the exclusion.
- An exclusion will decrease the amount of the deductible if the risk is listed in the exclusion.
- An exclusion could equate to lack of coverage if the risk is not covered.
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