LOUISIANA PROPERTY AND CASUALTY
ARIZONA EXAM ACTUAL EXAM COMPLETE
430 QUESTIONS AND DETAILED ANSWERS
RATED A | BRAND NEW!!!
$16,000
An insured has a standard HO-4 policy with a $30,000 limit of
coverage for personal property. While he was traveling, a fire in
his hotel destroys clothes and luggage with with a replacement
value of $10,000 and jewelry with a replacement value of
$10,000. Disregarding any deductible, and assuming a
depreciation of 20% has occurred in both properties, what
amount is the insurer obligated to pay?
A child trips over a toy in the driveway, cuts her knee, and
requires stitches.
An insured runs a day care in her home. She has purchased the
home day care endorsement under her homeowners policy.
Which of the following losses would her coverage cover?
,Nothing
A home is insured under an HO-2 policy. The homeowner
decides to replace the roof on the house. He wasn't able to
complete the roof in one day and left a portion of it unfinished
over night. A heavy rainstorm caused $20,000 of damage to the
interior of the house and some furniture. In this situation, the
policy will pay
The difference in the actual cash value as a pair and as a single
The contents coverage on a homeowners policy would pay how
much after the loss of one pair of golden candlesticks?
Either party may make a written request for an appraisal
According to the appraisal condition of a homeowners policy,
what procedure may be followed if the insurer and insured do
not agree as to the size of loss?
Physicians, surgeons, and dentists malpractice
,Which professional liability form provides form coverage for
liability arising out of malpractice, error, or mistakes made in
rendering professional services
The agency loses commission income form policies that were
not issued by the insurer
An insurance agency could purchase an errors and omission
insurance policy which would provide protection in the event of
any of the following events EXCEPT
Arrange for an appraisal by an unbiased third party
If a loss occurs, the insured with a homeowners policy is
required to do the following EXCEPT
Nothing
An insured has a personal property replacement cost
endorsement under her homeowners policy. If an expensive
painting and an antique chair are stolen from the insureds
home, what will the insured receive on the claim under that
endorsement
, Changes adopted by the insurer that broaden coverage
automatically apply to the policy at no additional premium
Which of the following best describes liberalization clause in a
policy
A third party breaks a leg when the insured knocks him down
The personal injury liability endorsement to an HO policy
applies to all of the following EXCEPT
Damage to a third party property for which the insured is
legally liable
Additional coverages in the liability section of a homeowners
policy cover all of the following EXCEPT
None
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