Pearson vue property - Study guides, Class notes & Summaries

1. S is purchasing a Commercial Property policy to cover a commercial build- ing with a replacement cost of $100,000. The policy includes an 80 percent Coinsurance clause. To avoid a coinsurance penalty in the event of a partial loss, S should purchase a policy with minimum limits of AT LEAST which of the following amounts? A. $100,000 B. $90,000 C. $80,000 D. $20,000 ANS: C 2. The MAXIMUM amount a policy will pay in the event of a loss is called the: A. coinsurance amount B. d...

Pearson VUE Property Insurance Practice Exam Questions and Answers

Pearson VUE Property Insurance Practice Exam

1. S is purchasing a Commercial Property policy to cover a commercial build- ing with a replacement cost of $100,000. The policy includes an 80 percent Coinsurance clause. To avoid a coinsurance penalty in the event of a partial loss, S should purchase a policy with minimum limits of AT LEAST which of the following amounts? A. $100,000 B. $90,000 C. $80,000 D. $20,000 ANS : C 2. The MAXIMUM amount a policy will pay in the event of a loss is called the: A. coinsurance amount B. deductible...

1. Which of the following perils is covered under the Commercial Property Basic Cause of Loss form? 1. A. Collapse 2. B. Sinkhole collapse 3. C. Falling objects 4. D. Breakage of glass Correct Answer: Answer: B Sinkhole Collapse The National Flood Insurance Program provides coverage for losses caused by all of the following occurrences EXCEPT: A. mudslides B. runoff from heavy rain 2 C. overflow of tidal waters D. water-main breakage Correct Answer: Answer: D Water-Main Break...

Pearson Vue Property Insurance Practice Test Questions And Answers A+ Graded

Pearson Vue Property Insurance Practice Test Questions And Answers A+ Graded

S is purchasing a Commercial Property policy to cover a commercial building with a replacement cost of $100,000. The policy includes an 80 percent Coinsurance clause. To avoid a coinsurance penalty in the event of a partial loss, S should purchase a policy with minimum limits of AT LEAST which of the following amounts? A. $100,000 B. $90,000 C. $80,000 D. $20,000 C The MAXIMUM amount a policy will pay in the event of a loss is called the: A. coinsurance amount B. deductib...

Pearson VUE: Property Insurance Practice Exam Already Passed S is purchasing a Commercial Property policy to cover a commercial building with a replacement cost of $100,000. The policy includes an 80 percent Coinsurance clause. To avoid a coinsurance penalty in the event of a partial loss, S should purchase a policy with minimum limits of AT LEAST which of the following amounts? A. $100,000 B. $90,000 C. $80,000 D. $20,000 C The MAXIMUM amount a policy will pay in the event of a loss is ca...

Pearson VUE Property Insurance Practice Exam