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Free Exam: K Coverage- NM

Number of Questions in Test: 20
Number of Questions in Preview: 5
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Question 1

Insured has K4 coverage and their insured car is declared a total loss. How much K4 coverage is given to the insured?

Type: Multiple choice
Points: 1
Randomize answers: No

Question 2

For repairable claims, what field needs to be updated in CRN to prevent automatic payment of K coverage limits to the insured?

Type: Multiple choice
Points: 1
Randomize answers: No

Question 3

What are the prerequisites for K coverage eligibility?

Type: Multiple choice
Points: 1
Randomize answers: No

Question 4

Insured must rent a car in order to get any K coverage.

Type: True/False
Points: 1

Question 5

K coverage can be cashed out with a Cash-in Lieu payment of MD/Comp damages if the vehicle is actually repaired.

Type: True/False
Points: 1

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