AINS 102 EXAM NEWEST ACTUAL
EXAM 2025 QUESTIONS AND DETAILED
CORRECT ANSWERS | VERIFIED STUDY
GUIDE
Which one of the following causes of loss is covered under
the other than collision (OTC) section of the Personal Auto
Policy (PAP)?
Select one:
A. Hitting another car
B. Overturn from the driver losing control
C. Falling objects
D. Hitting a tree Correct Answer C. Falling objects
The Personal Auto Policy (PAP) provides physical
damage coverage for a covered auto that is damaged
when the car's driver loses control and overturns the car
on a sharp curve. This coverage is called
Select one:
A. Comprehensive coverage.
B. Other than collision coverage.
C. Falling object coverage.
D. Collision coverage. Correct Answer D. Collision
coverage.
Tricia Barton has a personal auto policy providing collision
coverage (with a $500 deductible) and other than collision
coverage (with a $250 deductible) on her Chrysler sedan.
Late one night, Tricia was responsible for an accident
,where she ran into an SUV and caused damage to both
vehicles. She submitted a claim to her insurer for the
$5,000 bill to repair her sedan. Assuming she had
adequate limits and her insurer agreed to pay the claim,
what amount will her insurer pay under Part D—Damage
to Your Auto?
Select one:
A. $4,500
B. $4,750
C. $5,000
D. $5,250 Correct Answer A. $4,500
Richard insures his house under a HO-3 policy. During a
recent windstorm, a tree fell on the attached garage
causing structural damage. Which one of the following
Section I coverages of Richard's homeowners policy
would cover the damage to the attached garage?
Select one:
A. Coverage A—Dwelling
B. Coverage B—Other Structures
C. Coverage C—Personal Property
D. Coverage D—Loss of Use Correct Answer A. Coverage
A—Dwelling
David and Colleen insure their house under a HO-3 policy.
One evening, while they were entertaining some friends at
their home, the railing of the deck collapsed and one of
their guests fell to the ground below. The individual
suffered a serious leg injury which required surgery and
two days in the hospital. Which one of the following
,coverages under David and Colleen's HO-3 policy would
cover the expenses for the injured individual?
Select one:
A. Coverage A—Dwelling
B. Coverage B—Other Structures
C. Coverage D—Loss of Use
D. Coverage E—Personal Liability Correct Answer D.
Coverage E—Personal Liability
The HO-3 policy provides open perils coverage rather than
named perils coverage for which one of the following?
Select one:
A. Coverage A—Dwelling only
B. Coverage A—Dwelling and Coverage B—Other
Structures
C. Coverage C—Personal Property
D. Coverage D—Loss of Use Correct Answer B. Coverage
A—Dwelling and Coverage B—Other Structures
Which one of the following statements is correct regarding
coverage under Section I, Coverage D—Loss of Use of an
HO-3 policy.
Select one:
A. Coverage is provided only when civil authority prohibits
use of the premises.
B. Additional Living Expenses and Fair Rental Value have
separate coverage limits.
C. Coverage is limited to 30 days or the time required to
repair or replace the residence premises, whichever is
shorter.
, D. A claim may be filed when the residence premises are
unlivable because of a covered cause of loss and there
has been an increase in living expenses. Correct Answer
D. A claim may be filed when the residence premises are
unlivable because of a covered cause of loss and there
has been an increase in living expense
Under Section II—Liability Coverage of a homeowners
policy all of the following are the insured's duties after an
occurrence, EXCEPT:
Select one:
A. Submit a sworn statement of loss for damage to
property of others if making a claim under that coverage
B. Forward legal documents to the insurer
C. Provide claims assistance to the insurer
D. Make voluntary payments to the claimant Correct
Answer D. Make voluntary payments to the claimant
Under Coverage E—Personal Liability of the HO-3 policy,
the insurer's obligation to defend ends
Select one:
A. When the costs of defense limits are exhausted.
B. When the liability limit for the occurrence is exhausted
by payment of a settlement or judgment.
C. When the cost of defense exceeds the personal liability
limits.
D. When policy limits are exhausted by the claim
expenses. Correct Answer B. When the liability limit for the
occurrence is exhausted by payment of a settlement or
judgment.
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