Exam (elaborations)
Other Personal Lines Insurance- Chapter 8 Questions and Answers Fully Solved
- Course
- Institution
Other Personal Lines Insurance- Chapter 8
[Show more]
Content preview
Other Personal Lines Insurance- Chapter8
Boats of what length require a Watercraft Policy for coverage? - answer longer than 26
feet
Which of the following items would not need to be covered under a personal articles
form? - answer A leather couch
Which of the following statements regarding a standalone windstorm policy is correct? -
answer The maximum deductible is usually 10%
All of the following are common exclusions found in inland marine insurance, EXCEPT?
- answer damage due to theft
An uncontrolled inland marine property form is: - answer not standardized by a rating
bureau
An insured wishes to purchase insurance that would protect her in the event that her
personal liability limits are exhausted. As her agent, you would suggest she purchase
a(n): - answer umbrella liability policy
Which of the following personal articles is best insured utilizing a stated value basis for
loss payment? - answer an original oil painting by a prominent artist
If Jim has $100,000 liability coverage under his personal auto policy, how much would
the insurer have to pay if the courts awarded a claimant $125,000, the costs of defense
was $3,000, and Jim had to take two days off from his job, which cost him $200? -
answer$103,200
When the liability limits of an existing or underlying contract have been exhausted,
additional coverage may be supplied by a(n): - answerumbrella policy
What loss is NOT covered by the National Flood Insurance Program? - answersewer
backup
Floyd purchased flood insurance when he purchased his dwelling since it was in a
designated flood plan. When a flood occurred 20 days after he took possession -
answerhis flood insurance carrier paid his claim
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller julianah420. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67096 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now