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SNCOA LDR-301S Leading Organizations Jersey College MedSurg 1 RN FINAL EXAM WITH COMPLET
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SNCOA LDR-301S Leading Organizations Jersey College MedSurg 1 RN FINAL EXAM WITH COMPLET
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8/21/24, 3:46 PMPersonal Lines Final Exam 1
Jeremiah
Practice questions for this set
Learn 1/7 Study with Learn
C) Subrogation
Choose matching term
On a HO ('00) policy, coverage for personal property applies:
A) On premises only
1 B) Within the U.S Only
C) In North America Only
D) Anywhere in the world
The purpose of coinsurance on fire insurance is to:
A) Require the client to pay part of every claim
2 B) Require the client to carry proper coverage
C) Eliminate coverage for small claims
D) To reinforce the principle of indemnity
The transfer of the insured's rights to the insurer after a loss is known as:
A) Appraisal
3 B) Assignment
C) Subrogation
D) Arbitration
Personal Lines Final Exam 1
1/7
, 8/21/24, 3:46 PM
4
persons
Don't know?
Terms in this set (32)
On a HO ('00) policy, coverage for personal D) Anywhere in the world
property applies:
A) On premises only
B) Within the U.S Only
C) In North America Only
D) Anywhere in the world
On a Property policy, the exclusion on earth B) Explosion
movement excludes all EXCEPT:
A) Earthquake
B) Explosion
C) Landslide
D) Mud flow
On a HO-3 ('00), rain damage to contents is D) If the wind damages the dwelling allowing the rain to enter
covered:
A) Never, since contents coverage is named
peril
B) Always, since rain damage is coverage
peril
C) Always, since the HO-3 is all-risk
D) If the wind damages the dwelling
allowing the rain to enter
All are true about an HO-4 ('00) policy C) It does not cover theft of personal liability
EXCEPT:
A) It is often sold to those who rent
apartments
B) It is also known as "contents broad form"
coverage
C) It does not cover theft of personal liability
D) It covers both personal property and
personal liability
An insured w/ a HO-3 ('00) policy covering A) Zero
his dwelling for $100,000 rents out his garage
to a friend for his wood-working business. In
the event the garage burns down, what is the
most the policy will pay:
A) Zero
B) $10,000
C) $10,000 plus loss of rental income
D) $10,000 plus the value of the friend's
woodworking equipment
2/7
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