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PEARSON VUE PROPERTY INSURANCE PRACTICE EXAM QUSTIONS WITH COMPLETE ANSWERS.
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PEARSON VUE PROPERTY INSURANCE PRACTICE EXAM QUSTIONS WITH COMPLETE ANSWERS.
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PEARSON VUE PROPERTYINSURANCE PRACTICE EXAM
QUSTIONS WITH COMPLETE ANSWERS
S ssis sspurchasing ssa ssCommercial ssProperty sspolicy ssto sscover ssa sscommercial
ssbuilding sswith ssa ssreplacement sscost ssof ss$100,000. ssThe sspolicy ssincludes ssan ss80
sspercent ssCoinsurance ssclause. ssTo ssavoid ssa sscoinsurance sspenalty ssin ssthe ssevent
ssof ssa sspartial ssloss, ssS ssshould sspurchase ssa sspolicy sswith ssminimum sslimits ssof
ssAT ssLEAST sswhich ssof ssthe ssfollowing ssamounts?
A. ss$100,000
B. ss$90,000
C. ss$80,000
D. ss$20,000 ss- ssAnswerC
The ssMAXIMUM ssamount ssa sspolicy sswill sspay ssin ssthe ssevent ssof ssa ssloss ssis
sscalled ssthe: ss
A. sscoinsurance ssamount
B. ssdeductible
C. sslimit ssof ssliability
D. sspro ssrata ssreturn ss- ssAnswerC
The ssNational ssFlood ssInsurance ssProgram ssprovides sscoverage ssfor sslosses sscaused
ssby ssall ssof ssthe ssfollowing ssoccurrences ssEXCEPT:
A. ssmudslides
B. ssrunoff ssfrom ssheavy ssrain
C. ssoverflow ssof sstidal sswaters
, D. sswater-main ssbreakage ss- ssAnswerD
Special ssForm ssor ssOpen ssPerils sscoverage:
A. ssProvides sscoverage ssagainst ssthe ssnamed ssperils
B. ssProvides sscoverage ssagainst ssscheduled ssrisks
C. ssIs sslimited ssby ssthe ssnamed ssexclusions
D. ssIncludes ssno ssexclusions ss- ssAnswerC
Which ssof ssthe ssfollowing ssbusinesses sswould ssbe sseligible ssfor ssa ssBusinessowners
sspolicy?
A. ssAuto ssbody ssshop
B. ssTheater
C. ssBranch ssbank
D. ssBarber ssshop ss- ssAnswerD
During ssa sstornado, ssa ssbarn ssis ssdestroyed sswhen ssa sssection ssof ssits sswall ssis
ssblown ssdown, ssknocking ssover ssa sslantern, sswhich sssets ssthe ssbarn sson ssfire. ssThe
ssproximate sscause ssof ssloss ssis ssthe:
A. ssfire
B. sscollapse ssof ssthe sswall
C. sstornado
D. sssmoke ss- ssAnswerC
A ssfire ssin ssan ssinsured's ssrestaurant ssburns ssthe sskitchen sswalls ssand sscauses
sssmoke ssdamage ssto ssthe ssentire ssinterior. ssWater ssused ssto ssextinguish ssthe ssfire
sscauses ssextensive ssdamage ssto ssfloors ssand ssfurnishings. ssThe sswater ssdamage ssis
ssbest ssdescribed ssas:
A. ssa sstime sselement ssloss
B. ssa ssconsequential ssloss
C. ssa ssdirect ssloss
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