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PERSONAL LINES INSURANCE PA QUESTIONS
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PERSONAL LINES INSURANCE PA QUESTIONS
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PERSONAL LINES INSURANCE PA QUESTIONSWhat are the penalties for violating the Fair Credit Reporting Act? - Answers-$5,000,
Imprisonment for 1 year or both
Contributory Negligence - Answers-A rule in tort law, used in only a few states, that
completely bars the plaintiff from recovering any damages if the damage suffered is
partly the plaintiff's own fault.
Comparative Negligence - Answers-A rule in tort law, used in the majority of states, that
reduces the plaintiff's recovery in proportion to the plaintiff's degree of fault, rather than
barring recovery completely.
Last Clear Chance Doctrine - Answers-allows the plaintiff to recover damages despite
proof of contributory negligence as long as the defendant had a final clear opportunity to
avoid the action that injured the plaintiff
Absolute/Strict Liability - Answers-liability without negligence
Vicarious Liability - Answers-Legal responsibility placed on one person for the acts of
another.
Compensatory Damages - Answers-A monetary award equivalent to the actual value of
injuries or damage sustained by the aggrieved party.
Special Damages - Answers-A form of compensatory damages that awards a sum of
money for specific, identifiable expenses associated with the injured person's loss, such
as medical expenses or lost wages.
General Damages - Answers-A monetary award to compensate a victim for losses, such
as pain and suffering, that do not involve specific measurable expenses.
Punitive Damages - Answers-Monetary damages that may be awarded to a plaintiff to
punish the defendant and deter similar conduct in the future.
Liability Policy provisions - Answers-Bonds
Aid
Interest
Loss Earnings
Expenses
Defense costs
Dwelling Policy Eligibility - Answers-- 1 to 4 unit dwelling with boarders
- Vacation dwellings
- Rental dwellings
- Dwellings under construction (endorsement)
, - Mobile homes (endorsement)
- Farm dwellings NOT eligible
DP Coverage A - Answers-Dwelling
DP Coverage B - Answers-Other Structures
DP Coverage C - Answers-personal property
DP Coverage D - Answers-Fair Rental Value (20% of insurance on dwelling is available
for this)
DP Coverage E - Answers-Additional Living Expenses for DP2 & DP3 (10% of coverage
A)
DP-1 Other Coverages - Answers-Debris Removal
Other Structures (10% of coverage A)
Property Removed
Reasonable Repairs
Improvements, Alterations, Additions (10% of coverage C)
Fire Department Service Charge ($500)
Worldwide Coverage (10% of coverage C)
Rental Value (20% of coverage A)
DP-2 and DP-3 other coverages - Answers-All included in DP-1
Trees, Shrubs and Other Plants (5% of coverage A, max of $500 each)
Collapse
Glass or safety glazing material
Ordinance or law (10% of coverage A)
DP-1 Basic Form - Answers-Can be written for any amount on a ACV basis. Covers
basic fire, lightening and internal explosion. Other Perils must be endorsed.
DP-2 and DP-3 - Answers-Replacement cost value as long as 80% or more
Extended Coverage Endorsement - Answers-An endorsement which extends the fire
policy to cover loss by windstorm, hail, explosion, riot, attending strike, civil commotion,
aircraft, vehicles and smoke.
DP-2 Broad Form - Answers--DP-1 perils, EC perils, and VMM
-Damage by Burglars
-Falling objects
-Weight of ice, snow, or sleet
-Accidental discharge or overflow of water or steam
-Sudden and accidental tearing apart, cracking, burning, or bulging
-Freezing
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