Exam (elaborations)
Property Insurance Exam Practice Test 2024/2025 already graded A+
- Module
- Institution
Property Insurance Exam Practice Test 2024/2025 already graded A+
[Show more]
Seller
Follow
Ashley96
Reviews received
Content preview
Property Insurance Exam Practice Test"The chance that a person or business entity will suffer a financial loss" defines:
A.gambling
B.loss exposure
C.risk
D.speculative risk - ANSC
"Actual physical destruction of insured property" defines
A.direct loss
B.indirect loss
C.peril
D.vandalism - ANSA
Loose tiles hanging from the ceiling are an example of a ______ hazard.
A.mental
B.moral
C.morale
D.physical - ANSD
Insurable interest in a Property Insurance policy must be demonstrated
A.at time of a loss
B.at time of application
C.at time of first payment
D.all of the above - ANSA
The primary purpose of the co-insurance condition in a Property Insurance policy is to
encourage
A.buying multiple policies
B.insurance to value
C.over-insuring
D.self-insurance - ANSB
All are incompetent to contract EXCEPT
A.illegal aliens
B.mentally challenged citizens
C.minors
D.senior citizens - ANSD
All are major cause of loss forms in Commercial Property Insurance EXCEPT
A.basic
B.broad
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Ashley96. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £10.55. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
64438 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now