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Idaho Property Test Review With Verified And Detailed Answers
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Idaho Property Test Review With Verified And Detailed Answers
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An insured runs a day care in her home. She has purchased the home day careendorsement under her homeowners policy. Which of the following losses would her
coverage cover?
1. A child trips over a toy in the driveway, cuts her knee, and requires stitches.
2. A child is playing in the insured's car, puts it in drive, and backs into the neighbor's mail
box.
3. A child has bruises on her legs from receiving a spanking from the insured and must be
seen by her pediatrician.
4. A child riding the insured's horse falls off, breaking his collar bone.
,Give this one a try later!
1. A child trips over a toy in the driveway, cuts her knee, and requires stitches.
Property insurance that provides $100,000 coverage for a building and $50,000
coverage for personal property at a single location is called
1. Specific coverage.
2. Schedule coverage.
3. Blanket coverage.
4. Described coverage.
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Specific coverage
Even though the Standard Fire Policy is a named peril contract, under which of the
following circumstances would the policy provide "all risk of loss" coverage on insured
property?
1. Never
2. Always
3. When the loss is classified as an "act of God
4. When the loss is to insured property that has to be removed because of
endangerment by a peril insured against under the policy
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When the loss is to insured property that has to be removed because of
endangerment by a peril insured against under the policy
,A business owners policy is a
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Self Contained - pre-packaged policy - my answer
he Gramm-Leach-Bliley Act was passed to
1. Protect private customer information filed with a financial institution.
2. Define insurance as interstate commerce.
3. Allow consumers access to credit and private consumer reports.
4. Allow insurance companies access to medical information for underwriting purposes.
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1. Protect private customer information filed with a financial institution.
Under a dwelling policy, which of the following is NOT a factor in determining a loss?
1. The policy limit
2. The amount reflecting the insured's interest in the property at the time of loss
3. The amount necessary to repair or replace the property
4. The amount negotiated by the insured
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The amount negotiated by the insured
, In a dwelling policy, which of the following is true regarding personal liability coverage?
1. It does not cover medical payments to others.
2. It is included in all dwelling policies.
3. It is the same as in homeowners policies.
4. It must be added as a supplement or written as a separate policy.
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It must be added as a supplement or written as a separate policy.
In order to purchase Marine insurance, which of the following conditions must exist?
a)The risk must be on water
b)The applicant must have an insurable interest in the property to be insured
c)The property must be movable
d)All of the above
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The applicant must have an insurable interest in the property to be insured
Persons covered under an insurance policy, whether named or not, are known as the
Additional insureds.
Insureds.
Named insureds.
First named insureds.
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