Other Than Life (OTL) Practice Exam

What action must an insured take after being involved in an accident resulting in injuries?

1. Contact a lawyer immediately

2. Comply with all requirements found in the policy

3. Settle amicably with the injured parties

4. Wait to see if there is a claim

The correct answer is: Comply with all requirements found in the policy

After being involved in an accident that results in injuries, it is essential for the insured to comply with all requirements found in their insurance policy. Insurance policies typically include specific obligations that the insured must fulfill following an accident. These may encompass timely reporting of the incident to the insurance company, providing necessary documentation like accident reports or medical records, and cooperating with any investigations initiated by the insurer. By adhering to these requirements, the insured ensures that their claim can be processed smoothly and that they remain in compliance with their policy terms. Failing to meet these obligations could potentially jeopardize their coverage and lead to complications in receiving benefits or compensations related to the incident. The other options may seem reasonable but do not align with the immediate responsibilities outlined within most insurance policies. Contacting a lawyer, while often advisable in complex situations, is not a mandatory step dictated by the policy terms. Similarly, settling amicably with injured parties may not always be appropriate and could complicate the claim process. Waiting to see if there is a claim disregards the urgency often required in adhering to insurance policy guidelines.