stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Repossession Claims Flashcards | StudBud
Explore
/
Repossession Claims
Repossession Claims
6 terms
·
StudBud Administration
Imported from external platform
Flashcards
6 cards
F
Practice quiz
P
Host live
L
Questions
6
Answers
1
If the caller provides you with a DOL/Repo date that occurred while the policy was
cancelled
, what date do we use?
Use the day before the policy cancelled.
Make up a date.
Ask more probing questions.
Use the same date the caller provided.
2
How many property owners should be listed on a Repo claim?
As many listed on the policy.
One
Zero
Two
3
True or False? FNOL will open the exposure for insured policy holder.
True
False
4
True or False? If the DOL is not known, then use the date the vehicle was repossessed on an active policy.
False
True
5
When does FNOL file a repossession claim?
When the lienholder gets bored.
When the lienholder has possession of the IV and the IV has damages.
None of the above.
When the CV caused damages to the IV.
6
What should the
loss summary
be for all repo claims?
Unknown
Based on the facts
Miscellaneous (AF)
Miscellaneous (NF)
