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Missed PSI Exam - Property & Casualty questions and answers already graded A+ 2024/2025
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Missed PSI Exam - Property & Casualty questions and answers already graded A+ 2024/2025
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Missed PSI Exam - Property & CasualtyFederal Crop Insurance is a form of insurance occasionally referred to as which one of the
following? - ANSresidual marketplace insurance
Homeowner Form HO-2 gives coverage for lack of appliances, carpeting, and other household
furniture for a most of how lots? - ANS$2,500
All of the subsequent are the most commonly used personal inland marine paperwork EXCEPT
- ANSbuilder's floater form.
What is the cause of the reasons of loss form that lists particular exclusions? - ANSto nation
which perils are insured towards
In which of the subsequent DP bureaucracy is the residing included underneath open perils and
the non-public belongings on a named peril foundation? - ANSDP-three
Which of the following could trigger coverage under commercial enterprise profits form with
more expense insurance? - ANSCarpet cleaning after a water major damage
Which of the following varieties of coverage BEST describes the DP-2 Broad form coverage? -
ANSnamed perils
Which of the following is the usual quantity of Coverage A-residing furnished by using the HO-6
Unit-Owners Policy? - ANS$1,000
When does the insurance begin for a developers risk form? - ANSOn the date construction
begins above the lowest basement floor if there's a basement
Which of the subsequent describes why the insuring agreement is the coronary heart of an
coverage coverage? - ANSIt describes assets covered and perils insured.
The Terrorism Risk Insurance Act and the National Flood Insurance Program are comparable by
imparting which of the following? - ANSsubsidies, loss sharing or excess coverage
Which of the following are defined as a part of the policy and might void the coverage if they are
breached, whether the breach was intentional or unintentional? - ANSwarranties
All of the subsequent describe a non-owned car underneath the industrial auto policy Symbol 9
EXCEPT - ANSauto no longer titled to an insured however to be had for normal use of named
insured or member of the family.
, An insureds place of business is broken in to and products unlawfully taken at some point of the
night time, the insured is the victim of which kind of crime? - ANSburglary
Which of the following forms cause coverage for a loss under the economic preferred liability
policy if a loss takes place throughout the coverage duration? - ANSoccurrence shape
Liability arising out of any of the subsequent is excluded from the personal and advertising and
marketing harm liability insurance EXCEPT - ANSunknowingly inflicting injury that violates the
rights of another.
Exclusions common to liability insurance for both the personal vehicle coverage and the
commercial enterprise vehicle coverage include all the following EXCEPT - ANSfor legal
responsibility arising even as the insured automobile is being utilized in an vehicle business.
All of the subsequent are considered compensatory special damages while an insured is
discovered legally accountable for the loss of every other EXCEPT - ANSmental anguish.
Which of the subsequent limits of insurance at the residing are available and apply to Coverage
D-Fair Rental Value? - ANS20%
Which of the following is taken into consideration a hired vehicle under the economic car
coverage Symbol 8? - ANSautos the insured leases, borrows or rents
Bodily injury includes all the following EXCEPT - ANScomprehensive.
For the commercial popular liability insurance of physical harm, assets harm and medical bills,
which of the following limits of insurance apply if the combination restriction is NOT met? -
ANSper prevalence
Which of the following is the unique restrict of insurance on the owners policy form for
belongings harm to non-public watercraft? - ANS$1,500
A single earthquake constitutes all shocks that arise within which period period? - ANS168
hours
Which of the following represents the number one quantity of coverage for the HO-4? -
ANSCoverage C
Which of the subsequent might be included perils below the DP-1 Basic policy form? - ANSriot
or civil commotion
Which of the subsequent is EXCLUDED as a included loss below the DP-3 coverage? -
ANSDamage by means of ice to outdoor radio and television antennas and aerials
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