Texas Property and Casualty Insurance
Policies. (State Test) with correct
answers
A beauty parlor burns to the ground. What type of loss is this to the owner? - CORRECT
ANSWERS-Direct
A property insurance policy that is not subject to any coinsurance requirements but has
a set amount of insurance scheduled for the property would use what valuation
method? - CORRECT ANSWERS-Stated amount
All of the following are true of coverage B - Other structures EXCEPT - CORRECT
ANSWERS-It must be added by endorsement to a homeowners policy
All of the following situations would be covered under a professional liability policy
EXCEPT - CORRECT ANSWERS-The failure of an attorney to properly defend a client
due to his personal dislike of the client
All the following are major coverages included in the homeowners policy EXCEPT -
CORRECT ANSWERS-Loss of income
An insurance agency could purchase an errors omission insurance policy which would
provide protection in the event of the following events EXCEPT - CORRECT
ANSWERS-The agency loses commission income from policies that were not issued by
the insurer
Coverage for all the following is found in Section I of a homeowners policy EXCEPT -
CORRECT ANSWERS-Personal Liability
If the actual values exceed the limit of insurance, the buisnessowners policy (BOP)
contains a seasonal increase provision that automatically increases the limit of
insurance for business personal property by - CORRECT ANSWERS-25%
In which of the following types of property valuation will the policy pay the full value
specified on the policy schedule, regardless of the insured property's appreciation or
depreciation? - CORRECT ANSWERS-Agreed Value
Los beneficios de comprar resúmenes en Stuvia estan en línea:
Garantiza la calidad de los comentarios
Compradores de Stuvia evaluaron más de 700.000 resúmenes. Así estas seguro que compras los mejores documentos!
Compra fácil y rápido
Puedes pagar rápidamente y en una vez con iDeal, tarjeta de crédito o con tu crédito de Stuvia. Sin tener que hacerte miembro.
Enfócate en lo más importante
Tus compañeros escriben los resúmenes. Por eso tienes la seguridad que tienes un resumen actual y confiable.
Así llegas a la conclusión rapidamente!
Preguntas frecuentes
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
100% de satisfacción garantizada: ¿Cómo funciona?
Nuestra garantía de satisfacción le asegura que siempre encontrará un documento de estudio a tu medida. Tu rellenas un formulario y nuestro equipo de atención al cliente se encarga del resto.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller solutionsstudy. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for $14.49. You're not tied to anything after your purchase.
