South Dakota Property and Casualty Exam | 125 Questions with 100% Correct Answers | Verified | Latest Update 2024

Which of the following is not a coverage extension under the Building and Personal Property Coverage Form? - Inflation guard (this is an OPTIONAL COVERAGE) Which term describes the equal sharing of a loss by two or more insurers until the loss is paid, or until each insurer has exhausted its limits of insurance, whichever comes first? - Contribution by equal shares Choose the physical damage claim that would be covered under the Personal Auto Policy. - Malicious mischief to the tires When firefighters extinguish a house fire with water, the water damage is considered a(n): - DIRECT loss In Surety bonding, the party to whom the surety is answerable is the: - Obligee (whose party the benefit the bond is written) Which of the following would not be covered under Section II of the Homeowners Policy? - Property damage to property owned by an insured (section II is about insurance for loss of third party) Livestock does not include which of the following animals? - Poultry