British Columbia Insurance Level 1 Licensing Exam Version 1 Questions

Welcome, Guest! Practice makes perfect.

Question 1 of 5

When an insured purchases the new vehicle replacement plus (NVR+) endorsement, at what point is the vehicle written off?

A. When any amount of insured damage is sustained to the vehicle

B. When the amount of insured damage exceeds the vehicle's fair market value

C. When the insured would prefer to have the vehicle replaced instead of repaired

D. When the amount of insured damage exceeds half of the vehicle's market value

About Us Contact Us Privacy Policy Terms & Condition FAQs & Help

admin@pokerexams.com