Exam (elaborations)
PERSONAL LINES EXAM PREP TEST QUESTIONS WITH ANSWERS
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PERSONAL LINES EXAM PREP TEST QUESTIONS WITH ANSWERS
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PERSONAL LINES EXAM PREP TESTQUESTIONS WITH ANSWERS
Actual gcash gvalue gis gdefined gas..... g- g gcorrect ganswer-replacement gcost gminus
gdepreciation.
Fine garts gare gtypically ginsured gon gan g______ g______ g_____, gwhereby gan
ginsured, gand ginsured gagree, gat gtime gof ginsuring, gon gan gamount gof ginsurance
gto gbe gpaid gat gthe gevent gof ga gloss. g- g gcorrect ganswer-Agreed gValue gBasis
The gowner gof gclothing gto gbe gcleaned gwould gbe ga g______. gThe gdry gcleaner
gcleaning gthe gclothes gis gthe g______. g- g gcorrect ganswer-Bailor, gBailee
The ginsurer ghas gthe gright gto gtake gpossession gof gdamaged gproperty gafter
gpayment gof gloss. g- g gcorrect ganswer-True
The g______ gcovered gin ga gproperty gpolicy gare galways gin gthe ginsuring
gagreement. g- g gcorrect ganswer-Perils
Additional gliving gexpense gis gan gindirect gloss, gnot ga gdirect gloss. g- g gcorrect
ganswer-True
When gproperty gis gcovered gon ga g___________ g____ g_____, gthere gis gno
gdeduction gfor gdepriciation. g- g gcorrect ganswer-Replacement gCost gBasis
____ g_____ g________, gcover grisks gof gdirect gphysical gloss gand gthe gperils gthat
gare gnot gnamed. g- g gcorrect ganswer-Open gPeril gPolicies
The ginsuring gagreement gcontains gthe ginsurer's gpromises gto gthe ginsured. gThe
ginsureds gname gis gfound gin gthe g____________. g- g gcorrect ganswer-Declarations
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