Exam (elaborations)
Nevada Insurance Exam Practice With complete solution | RATED A+
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Nevada Insurance Exam Practice With complete solution | RATED A+
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Nevada Insurance Exam Practice Withcomplete solution | RATED A+
Which of the following is NOT the consideration in a policy?
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A) The application given to a prospective insured
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B) Something of value exchanged between parties
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C) The premium amount paid at the time of application
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D) The promise to pay covered losses - A) The application given to a prospective insured
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Consideration is something of value that is transferred between the two parties to form a ii ii ii ii ii ii ii ii ii ii ii ii ii ii
legal contract.
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In the personal auto policy, owned trailers being towed by an insured auto are
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automatically covered for...
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A)Collision coverage ii
B)Uninsured motorist coverage ii ii
C)Towing coverage ii
D)Comprehensive (other-than-collision) coverage. - B) Uninsured motorist coverage ii ii ii ii ii ii ii ii ii ii
Trailers, while being towed by an insured auto, are covered automatically for bodily injury
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(BI), property damaged (PD), and uninsured motorist (U/M) under part A of a personal auto
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policy
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Which of the following types of property would be covered in homeowners' coverage
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forms?
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A) Structures rented to others who are not tenants of the dwelling
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B) Animals, birds, or fish
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C) Landlord furnishings in an on-premises apartment
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D) Structures used for business purposes - C) Landlord furnishings in an on-premises
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apartment
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Landlord furnishing in an on-premises apartment are covered for up to $2,500. All the other
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types of property would be excluded from coverage under homeowners forms.
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An insured is driving her automobile and strikes a large pothole that causes a flat tire.
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Which coverage of the insured's personal auto policy will pay for the repair?
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