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
AINS 102 Test Questions with All Correct Answers (Already Graded A+) $12.99
Add to cart
Quickly navigate to
Preview
  2.  
  3. AINS 102
  4.  
  5. AINS 102

Exam (elaborations)

AINS 102 Test Questions with All Correct Answers (Already Graded A+)
 0 purchase
  • Course
  • AINS 102
  • Institution
  • AINS 102

AINS 102 Test Questions with All Correct Answers (Already Graded A+) Which one of the following causes of loss is covered under the other than collision (OTC) section of the Personal Auto Policy (PAP)? Select one: A. Hitting a tree B. Falling objects C. Overturn from the driver losing contro...

[Show more]

Preview 3 out of 24  pages

Document information

  • October 2, 2024
  • 24
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

Written for

  • AINS 102
  • AINS 102

Seller

avatar-seller
Scholarsstudyguide

Reviews received

Content preview

AINS 102 Test Questions with All
Correct Answers (Already Graded
A+)
Which one of the following causes of loss is covered under the other than collision
(OTC) section of the Personal Auto Policy (PAP)?
Select one:
A. Hitting a tree
B. Falling objects
C. Overturn from the driver losing control
D. Hitting another car - Answer- B. Falling objects

Personal auto policy endorsements can be categorized into two main categories. One of
these categories is
Select one:
A. Endorsements that provide higher coverage limits for navigation systems
permanently installed in the vehicles and various media owned by the named insured.
B. Endorsements that provide coverage additions/modifications for customers who own
vehicles other than cars, vans, or pickup trucks.
C. Endorsements that can be added to either a homeowners or personal auto policy the
address specific loss exposures not covered by an unendorsed PAP.
D. Endorsements that provide coverage for owners of high-value antique cars that result
in higher premiums reflecting the valuable worth of such vehicles. - Answer- B.
Endorsements that provide coverage additions/modifications for customers who own
vehicles other than cars, vans, or pickup trucks.

Steve and Amy were about to purchase their first home. During the process, they were
advised that they needed to purchase a HO-3 insurance policy. The HO-3 policy would
provide Steve and Amy with coverage for all of the following, EXCEPT:
Select one:
A. Personal Liability
B. Their cars
C. The contents of the house
D. The house - Answer- B. Their cars

The insuring agreement of a homeowners policy specifies that
Select one:
A. Five property coverages are provided by the policy.

,B. Endorsements are available to modify the contract.
C. Defined words have special meanings when they are used within the policy.
D. The insurer will provide policy coverage in return for the premium and compliance
with policy provisions. - Answer- D. The insurer will provide policy coverage in return for
the premium and compliance with policy provisions.

Larry owns and occupies a home with a detached garage that is insured under an HO-3
policy. Due to the cold winters, Larry has decided to connect the garage to his home
with an enclosed breezeway, permanently connecting the dwelling and the garage with
a connected roof, to avoid going outside to get to and from his automobile. Which one of
the following is true regarding Larry's homeowner policy coverage?
Select one:
A. Larry should consider the breezeway a "fixture" to be covered under Coverage A of
the policy.
B. Larry should include the cost of the land the garage is on for the Coverage A limit.
C. Larry should reduce his Coverage B limit for the value of the garage.
D. Larry may need to increase his Coverage A limit for the value of the garage and
breezeway. - Answer- D. Larry may need to increase his Coverage A limit for the value
of the garage and breezeway.

Josh has just built a large kennel in his backyard for his pet dogs. The kennel includes a
heated shed and access to a large fenced area. Josh wants to make sure he has
adequate insurance limits under his homeowners policy so that he can replace the
kennel if it is damaged. Which one of the coverage limits should Josh check on his
homeowners policy to determine whether his coverage on the kennel is adequate?
Select one:
A. Coverage A—Dwelling
B. Coverage B—Other Structures
C. Coverage C—Personal Property
D. Coverage D—Loss of Use - Answer- B. Coverage B—Other Structures

Sammy and Sally Oshua insure their home with an HO-3 policy. They own a cocker
spaniel puppy. While a neighboring couple and their five-year-old daughter were
visiting, the puppy bit the girl as she was playing with it. The child suffered a serious
wound and the neighbors sued the Oshuas. Which one of the following statements is
true?
Select one:
A. Defense costs are not covered for the Oshuas if the lawsuit is found to be
groundless.
B. Because the child is a minor, the insurer will pay the damages regardless of legal
liability.
C. Because the dog was on the Oshuas' property, they are not covered for injury to the
child.
D. In addition to paying up to the limit of liability, the insurer will pay defense costs
associated with the lawsuit. - Answer- D. In addition to paying up to the limit of liability,
the insurer will pay defense costs associated with the lawsuit.

, Tomas has an HO-3 policy covering his home. A neighbor jumped Tomas's fence to use
his yard as a shortcut to a store, tripped over a small shovel left on the lawn, and was
injured. The neighbor sued Tomas. Tomas's insurer defended and won the lawsuit on
the theory that the neighbor was a trespasser to whom no duty was owed by Tomas.
The insurer's defense included $20,000 in legal fees. Who is responsible for these fees?
Select one:
A. Tomas's HO-3 insurer is responsible for the legal fees.
B. The insurer is responsible for the legal fees only if Tomas is not able to pay them.
C. Tomas is, because liability coverage is not triggered absent a finding of liability.
D. Tomas and the insurer share responsibility for the legal fees. - Answer- A. Tomas's
HO-3 insurer is responsible for the legal fees.

The medical payments coverage in a homeowners policy covers certain medical
expenses incurred by
Select one:
A. Nonresidents of the insured's household.
B. Insureds.
C. A person uninvited to the insured's home.
D. Regular household residents other than residence employees. - Answer- A.
Nonresidents of the insured's household.

Coverage F—Medical Payments to Others in the homeowners policy applies to bodily
injury to a residence employee in all of the following situations, EXCEPT:
Select one:
A. The residence employee is away from the insured location and is not working
B. The residence employee is away from the insured location but is working
C. The residence employee is on the insured location but is not working
D. The residence employee is on the insured location and is working - Answer- A. The
residence employee is away from the insured location and is not working

Jack and Bobbie own several properties. Which one of the following would be their only
property that could be insured by an HO-3 policy?
Select one:
A. They live in one unit of a four-family dwelling and rent out the others.
B. They have purchased a beach house that is currently under construction.
C. They own a mobile home that is permanently situated in a thriving community.
D. They own another four-family dwelling and rent out all four units. - Answer- A. They
live in one unit of a four-family dwelling and rent out the others.

John is a recent homeowner and is considering the insurance coverages he needs for
his home and contents. If damaged by a peril covered by a homeowners policy, which
one of the following would be considered part of John's real property?
Select one:
A. The boat in the driveway
B. The detached garage

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 Scholarsstudyguide. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

69252 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling
$12.99
  • (0)
Add to cart
Added