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Personal Lines Test Questions And Answers With Verified Solutions Already Passed!!!
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Personal Lines Test Questions And Answers With Verified Solutions Already Passed!!!
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Personal Lines Test Questions AndAnswers With Verified Solutions Already
Passed!!!
On a homeowners policy which of the following valuation method is used for
personal property reimbursement? - ANSWERS✔✔Actual Cash Value (ACV)
An example of the insureds consideration is - ANSWERS✔✔A paid premium
Which of the following dwelling policy endorsements covers a residence that is
being built? - ANSWERS✔✔Dwelling under construction endorsement
A liability policy has a bodily injury limit of $50,000 and a property damage limit
of $25,000. What type of limit does this policy have? - ANSWERS✔✔Split limit
The location where coverage under a policy applies is referred to as the
_________________ policy - ANSWERS✔✔Territory policy
One of a set of three valuable collectible plates is destroyed in a covered loss. How
is this claim settled under the terms of the pair or set condition included in a
dwelling policy? - ANSWERS✔✔The difference between the actual cash value of
the property before and after the loss
Implied authority is defined as - ANSWERS✔✔authority that an agent can
reasonably assume to accomplish day-to-day activities of the job
The loss of a stone on a piece of jewelry is covered under -
ANSWERS✔✔Personal inland marine floater
, A FAIR plan policy contains the same perils as - ANSWERS✔✔Basic property
insurance
Homeowners policy debris removal clause covers - ANSWERS✔✔Trees that
damages covered building from a covered peril
What Clause states That the insurer will pay only its share of a loss that is covered
by another similar policy? - ANSWERS✔✔Other insurance
The potential increase in a loss frequency or severity is considered -
ANSWERS✔✔An Ordinary Exposure
When can an automobile policy be non renewed? - ANSWERS✔✔Every year
Under personal injury protection benefits, a covered motor vehicle includes -
ANSWERS✔✔A travel trailer parked at a campsite
Which of the following illustrates the concept of negligence? - ANSWERS✔✔A
driver of a car carelessly damages another car
If a policyholder has an auto insured in new york with limits of 25/50/10 but is
driving in another state that has minimum liability limits of 50/100/25 and The
policy holder does NOT have an accident. What will his auto limits be while
driving in the other state? - ANSWERS✔✔If no accidents the same as his state
which in this case is 25/50/10
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