100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Personal Lines Questions And Answers With Verified Solutions Already Passed!!! Latest Updated 2024 $13.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. Personal Lines
  4.  
  5. Personal lines

Exam (elaborations)

Personal Lines Questions And Answers With Verified Solutions Already Passed!!! Latest Updated 2024
 5 views  0 purchase
  • Course
  • Personal lines
  • Institution
  • Personal Lines

Personal Lines Questions And Answers With Verified Solutions Already Passed!!! Latest Updated 2024

Preview 2 out of 13  pages

Document information

  • October 2, 2024
  • 13
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • personal lines questions and answers with verified
  • one purpose of a deductible is to
  • an insureds homeowners broad form ho 2 provides
  • ten years ago insured purchases a building for 50

Written for

  • Personal lines
  • Personal lines

Seller

avatar-seller
classhub

Reviews received

Content preview

Personal Lines Questions And Answers
With Verified Solutions Already
Passed!!! Latest Updated 2024
One purpose of a deductible is to
A- prevent underinsurance
B- Eliminate small claims
C- Prevent catastrophic claims
D- penalize the insured for physical hazards - ANSWERS✔✔B- Eliminate small
claims
An insureds Homeowners Broad form (HO-2) provides 40,000 coverage on her
dwelling and 25,000 coverage on its contents. If vandals cut down a tree on her
propter valued at 1000, the maximum amount she will receive is which of the
following, assuming a 250 deductible?
A- 0
B- 250
C- 400
D- 500 - ANSWERS✔✔D- 500
Which of the following best describes the concept of risk?
A- Result of loss
B- Amount of loss
C- Uncertainty of loss
D- Cause of loss - ANSWERS✔✔C- Uncertainty of loss
Ten years ago insured purchases a building for 50,000 that would cost 100,000 to
rebuild today. If the physical value of the building has depreciated 2,000 each year,
the buildings present admitted cash value is
A- 100,000
B- 80,000

, C- 50,000
D- 30,000 - ANSWERS✔✔B- 80,000
Additional coverages in a homeowners policy would cover
A- the dwelling
B- materials and supplies
C- other structures
D- debris removal - ANSWERS✔✔D- debris removal
Which of the following would NOT be covered under the Section 1 of an HO-3
form?
A- The insureds 2000 collie
B- Personal property of the insureds daughter who is away at college
C- The insureds driveway if damaged by a falling object
D- Losses caused by the sudden and accidental leaking of a water heater -
ANSWERS✔✔A- The insureds 2000 collie
An insured carries 25,000 property insurance with 80 percent coinsurance on a
building worth 40,000. how much would she collect in the event of a total loss?
A- 20,000
B- 25,000
C- 32,000
D- 40,000 - ANSWERS✔✔B- 25,000
A person may be considered negligent if he
A- fails to do what a reasonably prudent person would do
B- commits a deliberate act that injures another
C- injures another person even though he acted prudently
D- assists to the best of his ability another person who is in distress -
ANSWERS✔✔A- fails to do what a reasonably prudent person would do

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 classhub. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $13.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

78834 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$13.49
  • (0)
  Add to cart