Florida personal lines - Study guides, Class notes & Summaries

Florida Personal Lines Exam Questions and answers | Latest | Rated A+ | 2024/25

Under Part A of a Personal Auto Policy, which of the following losses would be covered? A.) Damage to property being transported by the insured B.) Damage to a neighbor's parked car C.) Damage to a neighbor's lawn mower in the care of the insured D.) Damage to the home the insured owns CORRECT ANSWER B.) Damage to a neighbor's parked car Which of the following is true regarding the Fine Arts Floater? A.) Coverage is limited to the United States, Canada, and Mexico B.) Coverage is...

FLORIDA PERSONAL LINES LICENSE EXAM LATEST ACTUAL EXAM 160 QUESTIONS AND CORRECT ANSWERS|AGRADE

which part of an insurance policy covers claims-related expenses, reasonable expenses incurred by an insured to protect damage property from further loss, or defense expenses? A. Additional Coverage B. Exclusion C. Declaration D. Insuring AgreementA. Additional coverage The additional coverage portion of a policy provides an additional amount of coverage for a specific loss expense, at no additional premium.

Florida Personal Lines Exam Questions and answers | Latest 2024/25

Florida Personal Lines Exam Questions-with 100% verified solutions

Florida Personal Lines 20-44 Definitions Questions and Answers 100% Pass Abandonment Clause - Correct Answer ️️ -A clause often contained in property insurance policies stating that the insured cannot abandon damaged property to the insurer and demand to be reimbursed for its full value Accident - Correct Answer ️️ -A sudden fortuitous event Actual Cash Value (ACV) - Correct Answer ️️ -The cost to replace an item of property at the time of loss, less an allowance for depreciat...

Florida Personal Lines Exam Questions 100% Answered A person who does not lock the door to his or her house shows an indifferent attitude. What type of hazard does this represent? - answerMorale Wagering on a sporting event is known as what type of risk? - answerSpeculative How is actual cash value of property calculated? - answerCurrent replacement cost minus depreciation If an insured peril was the proximate cause of loss, what type of loss is it? - answerDirect what type of policy ins...

Which of the following is LEAST likely to be a factor when determining the eligibility of a person for property insurance? A.) The claims history showing when prior claims occurred and how much was paid to settle the claim. B.) The nature of the risk, such as the type of building and the number of families living in the building. C.) Existence of any hazards, such as nearby environmental risks D.) Whether the premium will be paid in full or billed to the insured. D.) Whether the prem...