Dp 1 answer basic - Study guides, Class notes & Summaries

FLORIDA CLAIMS ADJUSTER ACTUAL EXAM 2023/2024/CLAIMS ADJUSTER (FLORIDA) 270+ REAL EXAM QUESTIONS AND CORRECT ANSWERS|A+ GRADE The following are basic characteristics of a property or liability insurance contract, except: A. Personal Contract B. Conditional Contract C. Loss of Settlement Contract D. Contract of Adhesion - ANSWER- Loss of Settlement Contract The Insurer's responsibility to pay for a property loss may be conditioned on the insured having used reasonable means to ...

Cheat Sheet - Property & Casualty Exam | Questions & 100% Correct Answers (Verified) | Latest Update | GradeA+ What are the forms of homeowner policies? Correct Answer: HO-2, HO-3, HO-4, HO-5, HO-6, HO-8. Each of these forms provides identical liability coverage. The property coverage varies with the homeowners form selected. The following is a list of the forms with the covered perils of each. HO-2 Correct Answer: Broad form; owner occupant HO-3 Correct Answer: Special Form; owne...

mid range home insurance policy that is named perils correct answer: HO-2 Most common---open perils on house, named perils on personal belongings correct answer: HO-3 renter's insurance...personal property and improvements covered named perils correct answer: HO-4 open perils policy on home and personal property correct answer: HO-5 town home and condo named perils policy...owner only needs to insure the interior correct answer: HO-6 WORST POLICY---Named perils on home and b...

Homeowners Policy - ANSWER Multiline Policy that protects property owners from property and liability risks HO-2 - ANSWER (broad form): covers the dwelling, other structures, and personal property on a named perils basis HO-3 - ANSWER or special form, provides open peril coverage for loss to the dwelling and other structures (most common) HO-4 - ANSWER renters/tenants insurance HO-5 - ANSWER Comprehensive Form HO-6 - ANSWER condominium owner's insurance HO-8 - ANSWER older hom...

CA Property & Casualty Exam Questions and Answers 100% Pass Contributory Plan - Correct Answer ️️ -Used in a group Insurance. Employee and employers share in the paying of premiums DP-1,DP-2, DP-3 All 3 dwelling forms cover? - Correct Answer ️️ -Loss of rental income Comparative Negligence - Correct Answer ️️ -You can file a claim, but damages are reduced based on that party's negligence. What has a single limit? - Correct Answer ️️ -Property Damage. Ordinance or law - ...

FLORIDA CLAIMS ADJUSTER LATEST EXAM /CLAIMS ADJUSTER (FLORIDA) 270+ REAL EXAM QUESTIONS AND CORRECT ANSWERS|AGRADE The following are basic characteristics of a property or liability insurance contract, except: A. Personal Contract B. Conditional Contract C. Loss of Settlement Contract D. Contract of Adhesion - ANSWER- Loss of Settlement Contract The Insurer's responsibility to pay for a property loss may be conditioned on the insured having used reasonable means to avoid the ...

CA ADJUSTERS LICENSE 2024 QUESTIONS WITH CORRECT ANSWERS ALREADY PASSED AND VERIFIED Which of the following dwelling forms provides coverage for loss of rental income? - The Basic, Broad and Special Form - The Basic and Broad Forms only - The Broad and Special Forms only - The Special Form only - CORRECT ANSWER The correct answer is: The Basic, Broad and Special Form. EXPLANATION: All of the forms provide for rental value coverage. In the DP-2 and DP-3, it is 20% of the Coverag...

NJ Property Producer ExamDwelling Policy - correct answer Only insures property DP-1 - correct answer Basic Form DP-2 - correct answer Broad Form DP-3 - correct answer Special Form Dwelling Coverage A - correct answer Dwelling- Covers dwelling, structures attached to dwelling, and materials/supplies for the dwelling. Dwelling Coverage B - correct answer Other Structures- Insures buildings on premise but separate from the dwelling. Dwelling Coverage C - correct answer Personal P...

Arkansas Health Insurance Property & Casualty Practice Exam 2024 Pay the claims covered under the policy. - CORRECT ANSWER-A primary obligation of an insurance company is to: Accumulating Risk - CORRECT ANSWER-Which of the following is not a reaction to risk? An increase in the possibility that a loss may occur. - CORRECT ANSWER-Which of the following describes a hazard? Requiring the policyholder to carry insurance to value. - CORRECT ANSWER-Which of the following best meets the t...

Which of the following dwelling forms provides coverage for loss of rental income? - The Basic, Broad and Special Form - The Basic and Broad Forms only - The Broad and Special Forms only - The Special Form only - Answer- The correct answer is: The Basic, Broad and Special Form. EXPLANATION: All of the forms provide for rental value coverage. In the DP-2 and DP-3, it is 20% of the Coverage A limit and is additional coverage. With the DP-1, the 20% coverage reduces the available Cover...