6 Written questions
6 Multiple choice questions
- 2 examples of health insurance exclusions
- Waiting period
- Home and contents insurance exclusions
- 2 examples of car insurance exlusions
- Market value
- Tips to reduce premium
6 True/False questions
when you ask your insurer to pay for something that is covered by your insurance policy → Agreed value
What is being insured and the risk being insured against, any exclusions, how much the insurer will pay if you make a claim, how much the policy will cost you → What does the insurance policy set out?
the insurer will cover the cost of replacing the item regardless of its age or condition at time of loss → Market value
Extreme activities, war or terrorist damage, luggage left unattended → 3 examples of travel insurance exclusion
Compulsory third party insurance, third party property insurance, comprehensive insurance, third party fire or theft insurance → What is a claim?
Cost of policy (premium), product disclosure statement, insurance policy document (terms and conditions, risks covered, exclusions) → Agreed value