Pls help ASAP

icon
Related questions
Question

Pls help ASAP

What is NOT a rating factor used for Automobile insurance?
Age of the driver.
Marital status of the driver.
The distance the vehicle will be driven annually.
Whether the driver has a homeowners policy with the same Broker.
Transcribed Image Text:What is NOT a rating factor used for Automobile insurance? Age of the driver. Marital status of the driver. The distance the vehicle will be driven annually. Whether the driver has a homeowners policy with the same Broker.
Jalena has a homeowners policy, and calls her Broker to let them know
that she is starting to teach piano lessons on a part-time basis out of her
home. What should the Broker do?
Advise Jalena that no change is required on her policy.
Check if this is an eligible type of home-based business with her insurer and
update the policy accordingly.
Inform Jalena that she needs a commercial policy.
Document the change in the Broker Management System for review on
renewal.
Transcribed Image Text:Jalena has a homeowners policy, and calls her Broker to let them know that she is starting to teach piano lessons on a part-time basis out of her home. What should the Broker do? Advise Jalena that no change is required on her policy. Check if this is an eligible type of home-based business with her insurer and update the policy accordingly. Inform Jalena that she needs a commercial policy. Document the change in the Broker Management System for review on renewal.
Expert Solution
steps

Step by step

Solved in 4 steps

Blurred answer