What is the schedule in a policy document used for?
A - Confirming who has written the policy
B – Outlining what is covered
C – Personalising the contract
D – Showing what risks are excluded
C: The purpose of the policy Schedule is to personalise the policy to the individual insured.
What is normally third party liability property damage limit in respect of a commercial motor policy?
A: Between £20m and £50m B: Between £1m and £5m C: Between £10m and £15m D: Unlimited
B: A spread bet is a form of contract for difference.
According to Department for Transport figures, what percentage of young drivers can expect to have an accident within 12 months of passing their driving test?
B: DfT figures suggest there are around 1,700 road deaths per annum, with drivers aged 17-25 accounting for only 12% of drivers but 25% of road deaths.