Texas Property and Casualty practice exam.pdf file:///C:/Users/HP/Desktop/New%20folder%20(2)/Texas%20Prope
Texas Property and Casualty Practice Exam
Questions & Answers
1. Coverage for water backup or sump pump overflow is excluded from the
Dwelling Policy. However, with the purchase of the water backup and sump
pump overflow endorsement, coverage for up to $5,000 in loss or damage canbe
provided for an additional premium.What is the deductible associated withthis
coverage?
Answer $250
Coverage for up to $5,000 in loss or damage, subject to a $250 deductible, can be
provided for an additional premium with this endorsement.
2. An insured relocated to another state for work. However, she still owns and
insures a house in this state, but has had no one living in it for 3 months. Sheis
also storing some furniture and clothes in the house. From an insurance
standpoint, the insured's house is considered
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,Texas Property and Casualty practice exam.pdf file:///C:/Users/HP/Desktop/New%20folder%20(2)/Texas%20Prope
Answer Unoccupied
Unoccupancy refers to an insured structure in which no people have been living or
working within the required period of time, but the structure contains contents.
3. Individuals in the business of selling construction equipment and mobile
equipment should insure with a/an
Answer Equipment dealers coverage form
An equipment dealer's coverage form covers a dealer's stock in trade consisting
primarily of mobile agricultural equipment and construction equipment.It also covers
property of others in the dealer's care, custody, or control. It excludes coverage for
autos, motorcycles, aircraft, and watercraft.
4. All of the following are true regarding deposit premium
Answer It must be paid inadvance.
It is an estimated premium paid at the policy issue.It
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