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AINS 102 EXAM (UNDERSTANDING PERSONAL INSURANCE ) EXAM A, B, C AND STUDY GUIDE COMPLETE 500+ QUESTIONS AND CORRECT DETAILED ANSWERS - JUST RELEASED CA$40.91
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AINS 102 EXAM (UNDERSTANDING PERSONAL INSURANCE ) EXAM A, B, C AND STUDY GUIDE COMPLETE 500+ QUESTIONS AND CORRECT DETAILED ANSWERS - JUST RELEASED

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AINS 102 EXAM (UNDERSTANDING PERSONAL INSURANCE ) EXAM A, B, C AND STUDY GUIDE COMPLETE 500+ QUESTIONS AND CORRECT DETAILED ANSWERS - JUST RELEASED

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  • June 17, 2024
  • February 12, 2025
  • 214
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

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  • ains 102 exam
  • ains 102 exam
  • ains 102 exam 2024
  • ains 102 exam
  • ains 102 exam
  • ains 102 exam
  • ains 102 exam
  • ains 102 ex
  • ains 102 exam understanding personal insurance

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  • AINS 102 (UNDERSTANDING PERSONAL INSURANCE EX
  • AINS 102 (UNDERSTANDING PERSONAL INSURANCE EX

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Page 1 of 214




AINS 102 EXAM A, B, C AND STUDY GUIDE COMPLETE
500+ QUESTIONS AND CORRECT DETAILED ANSWERS -
JUST RELEASED
AINS 102 EXAM 1

QUESTION: Leslie is insured with a personal auto policy (PIP) with Baines Insurance. She lives in
a state that has a type of no-fault plan in which she, if injured by an auto accident that was the
fault of another person, would be compensated with no-fault benefits but she would not be
restricted in her right to sue that negligent person for damages. This type of no-fault plan is
most specifically a(n)

Select one:

A. Choice no-fault

B. PIP benefit

C. Add-on plan

D. Modified no-fault plan - ANSWER-C. Add-on plan




Heather and Jeff had the roof blown off their home during a recent storm. Which one of the
following best expresses the financial outcome they are currently experiencing?

A. No change in their financial outcome

B. Lost income

C. Increased expenses



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D. Reduction in property value - ANSWER-D. Reduction in property value




QUESTION: All of the following are considered personal property, EXCEPT:

A. Revolver

B. Patent

C. Cherry tree

D. Antique piano - ANSWER-C. Cherry tree




QUESTION: Sophie was involved in an auto accident with another vehicle. The driver of the
other vehicle was seriously injured. The individual spent 10 days in the hospital, missed 2
months of work, and continues to experience mental distress. The other vehicle was also
damaged, with repair costs of $5,000. It was determined that Sophie was liable for the damages
because she ran a red light and caused the accident. Which one of the following damages
would be considered general damages?

Select one:

A. Damages to the vehicle

B. Two months of lost wages

C. Mental distress compensation

D. Hospital and medical bills - ANSWER-A. Mental distress compensation




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, Page 3 of 214


QUESTION: Patrick's car is 12 years-old and has been driven for over 100,000 miles. He has
decided that instead of continuing to pay insurance premium for coverage for property damage
to his car, he will put the money aside to save for a new car. Which one of the following risk
management techniques is Patrick using?

Select one:

A. Diversification

B. Avoidance

C. Loss reduction

D. Retention - ANSWER-D. Retention




QUESTION: All of the following could lead to a liability loss for a family, EXCEPT:

Select one:

A. The daughter, who is 16 years old, sideswipes a neighbor's car and dents its fender while
driving her own car.

B. The father trips on a broom he left lying in the driveway and breaks his arm.

C. A guest slips on an icy sidewalk in front of the family's home and breaks his leg.

D. The son, who is 13 years old, throws a rock at a classmate who requires stitches for an injury
to his head. - ANSWER-B. The father trips on a broom he left lying in the driveway and breaks
his arm.




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