Actuarial Notes

Exam DISC-RM Practice Question 228

Study guide: Exam DISC-RM

A car rental agency keeps about 150 new vehicles parked together on one open lot in a region known for hailstorms. For physical damage coverage, which concern and response is most appropriate for the underwriter?

  • A) A hail catastrophe accumulation; manage it with the deductible and the choice of covered causes
  • B) Collision frequency from renters; decline comprehensive and offer collision only
  • C) Theft of individual vehicles; require an alarm on the lot and offer collision only
  • D) Liability for renters' accidents; require the agency to buy a higher liability limit

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