Ains 102 - Study guides, Class notes & Summaries

AINS 102 EXAM NEWEST ACTUAL EXAM 2025 QUESTIONS AND DETAILED CORRECT ANSWERS | VERIFIED STUDY GUIDE

AINS 102 (Latest 2023/ 2024 Update) Understanding Personal Insurance Exam Prep| Questions and Verified Answers| 100% Correct Q: General damages Answer: A monetary award to compensate a victim for losses, such as pain and suffering, that do not involve specific, measurable expenses. Q: HO-3 Special Form Answer: Coverage for owner-occupants, providing open perils coverage on buildings and specified perils coverage on personal property. Q: Hull insurance Answer: I...

AINS 102 Questions with Correct Verified Answers

AINS 102 Exam Questions Verified Detailed Answers New Update Individuals and families property loss exposures stem from ownership of 2 main categories of property - Answers - real property (realty) and personal property real property - Answers - land, buildings, other structures attached to the land, and anything embedded in the land personal property - Answers - dwelling contents (furniture), high-value property, rare or unique property, business personal property, intangible property,...

AINS 102 Latest Updated Exam Study Questions with Correct Verified Answers

AINS 102 Exam ACTUAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+ installing burglar alarms, storing cars in a garage, maintaining vehicles in good working order are all examples of what - CORRECT ANSWER risk control what is an example of general damages - CORRECT ANSWER mental distress compensation claims of people slipping and falling on rainy days. adding non slip mats is an example of what - CORRECT ANSWER loss prevention Under the tort li...

AINS 102 Exam Latest Updated Study Questions with Correct Verified Answers

AINS 102 Exam ACTUAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+ Joe keeps a tiger cub as a pet in his fenced-in backyard. The tiger escapes and bites a neighbor's child who requires stitches. Joe argues that keeping the tiger violated no law and that he took every precaution to restrain the tiger. Even if Joe is correct, he might face a claim for damages based upon which one of the following? - CORRECT ANSWER Absolute liability A claim for...

AINS 102 Exam Questions with Correct Answers The insuring agreement of a homeowners policy specifies that Select one: A. Endorsements are available to modify the contract. B. Defined words have special meanings when they are used within the policy. C. Five property coverages are provided by the policy. D. The insurer will provide policy coverage in return for the premium and compliance with policy provisions. - Answer D The HO-3 policy provides open perils coverage rather than named p...

AINS 102 Course Quiz Questions and Answers All Correct Which one of the following best describes the HO-3 declarations? A) The residence listed is the mailing address unless stated otherwise. B) The declarations page shows the amount of the deductible, the loss portion that the insurer pays. C) The declarations page show amount of the premium, the loss portion that the insurer pays. D) The page shows when the policy is in effect, usually for multiple years for homeowners. - Answer A...