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PROPERTY & CASUALTY PRACTICE EXAMS SOLUTIONS PERSONAL LINES 100-.
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PROPERTY & CASUALTY PRACTICE EXAMS SOLUTIONS PERSONAL LINES 100-.
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PROPERTY & CASUALTY PRACTICEEXAM: PERSONAL LINES
Coverage nunder na ncomprehensive nPL nPolicy nor nHomeowners nSection nII nextends:
A) nTo nthe npremises ndescribed nand nto nthe npersonal nactivites nof nthe ninsured non
nor noff nof nthe npremises
B) nOnly nto nthe npremises ndescribed nin nthe npolicy
C) nOnly nto nthe npersonal nactivities nof nthe ninsured
D) nTo nthe npremises ndescribed nand nto nall npersonal nand nbusiness nactivities nof nthe
ninsured non nor noff nthe ndescribed npremises n- n ncorrect nanswer-A
Which nproperty nis nexcluded nunder nan nHO3 npolicy?
A) nFirearms
B) nJewelry
C) nSecurities
D) nGuard ndog n- n ncorrect nanswer-D
Which nis nan nadditional nbenefit nthat nis nincluded nin na nDP2 nthat nis nnot nincluded nin
na nDP1?
A) nDebris nRemoval
B) nLawns, ntree, nshrubs
C) nReasonable nrepairs
D) nFire ndept. nservices n- n ncorrect nanswer-B
What nadditional ncoverage ndoes na nDP2 nhave ncompared nto na nDP1?
A) nDebris nRemoval
B) nImprovements, nalterations, nand nadditons
, C) nPersonal nliability
D) nAdditional nliving nexpenses n- n ncorrect nanswer-D
Which nof nthe nfollowing ncollapse nlosses nwould nbe ncovered nunder nan nHO3?
A) nDefective nworkmanship ncompleted n2 nyears nago
B) nKnown ninsect ndamage
C) nWeight nof ncontents
D) nEarth nmovement nfrom na nvolcanic neruption n- n ncorrect nanswer-C
Mary nhas nan nHO3 npolicy nwith nreplacement ncost ncoverage non nthe ninsured
nbuildings. nThe ncost nof nreplacement non nthe ndwelling nis n$100,000, nand nthe nother
nstructure n(a ngarage) nis n$20,000. nTo nbe ncertain nof nreplacement ncost ncoverage
non na npartial nloss nto neither nstructure, nshe nmust ncarry na nminimum nof
A) n$100,000 non nthe ndwelling; n$10,000 non nthe ngarage
B) n$100,000 non nthe ndwelling; n$20,000 non nthe ngarage
C) n$80,000 non nthe ndwelling; n$8,000 non nthe ngarage
D) n$80,000 non nthe ndwelling; n$16,000 non nthe ngarage n- n ncorrect nanswer-D
The nordinance nor nlaw nlimitation nin na nHomeowner's npolicy nmay ncause na ngap nin
ncoverage nin nwhich nof nthe nfollowing nsituations?
A) nThe ninsured's nhome nis ndamaged nby nfire nand nmust nbe nrebuilt nto nmeet npresent
nbuilding ncodes. nThe nadditional ncost nof ncomplying nwith nthe ncodes nis n50%.
B) nA ncommunity nordinance nrequires ndog nto nbe non na nleash. nThe ninsured's ndog,
nrunning nfree nin na npark, nbites na nchild.
C) nThe ninsured nhas na nbusiness noccupancy nthat nis npermitted nby nhomeowner's
nrule nand ndoes nnot naffect nhis ncoverage. nHowever, ncommunity nlaws nprohibit nthe
noccupancy nunless ncertain napprovals nare nobtained nand nfees nare npaid. nThe
ninsured nhas nnot nobtained napprovals nnor npaid nfees nprior nto nwindstorm ndamage
nto nhome.
D) nA nlaw nrequires nall nswimming npools non na nresidential nproperty nto nbe nfenced
nand nto nhave nself-closing ngates. nThe ninsured's nfate nis nnot nself-closing, nand nthe
nneighbor's nchild ngoes nthrough nthe ngate nand nis nseverely ninjured nwhen nhe nfalls
ninto nthe n- n ncorrect nanswer-A
Which nof nthe nfollowing nloss nexposures nis nnot ncovered nby nSection nII nof nRon's
nHomeowner's npolicy?
A) nRon's nuse nof nriding na nlawnmower nwhile nhe nis nmowing nhis nlawn
B) nRon's nregistered/licensed npersonal nauto nwhile nused non nhis nown nproperty
nwhich nincludes n10 nacres nof nundeveloped nland
C) nRon's nuse nof na nmotorized ngolf ncart, nwhile nplaying ngolf non na ngolf ncourse
D) nRon's nactivities nwhile nrebuilding na ncar nfor nfun nin nhis ngarage nat nhome. nThe
ncar ndoes nnot nhave nan nengine. n- n ncorrect nanswer-B
What nis none nway nin nwhich nthe nHO2, nHO4, nand nHO6 nare nsimilar?
A) nPerils ninsured nagainst nunder ncoverage nC
B) nThe nlimits nprovided nfor nunder ncoverage nC
C) nPerils ninsured nagainst nunder ncoverage nA
D) nThe nlimits nfor nunder ncoverage nB n- n ncorrect nanswer-A
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