Coverage a open perils - Study guides, Class notes & Summaries

Cheat Sheet - Property & Casualty Exam Questions and Answers 100% Pass 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; owner occupant HO-4 - Co...

Personal Lines Insurance Practice Exam Questions and Answers Latest | 100% Correct. Bobby, age 16, borrows his parents' car without their permission and gets into an accident. Which of the following statements about coverage under the parents' personal auto policy is CORRECT? A) Bobby is covered by his parents' policy because he is included in the definition of named insured. B) Bobby is not covered for this accident because he used the car without permission. C) Bobby is not covered bec...

Barbara's policy includes a rider which allows her to purchase additional insurance at specific dates or events without evidence of insurability. This rider is called a(n) Answers>>Guaranteed insurability rider A guaranteed insurability rider allows for the insured to purchase additional insurance at specific dates or events without evidence of insurability. Disability Income plans which require that the insurer can NEVER change or alter premium rates are usually considered Answers&...

Property and Casualty Insurance Mastery Exam A Questions and Answers 100% Pass An insured rents a car while on vacation in Canada and causes an accident. Is there coverage under his personal auto policy? - Correct Answer ️️ -The loss is covered under an unendorsed personal auto policy. Under the workers' compensation laws, which of the following would NOT be covered? - Correct Answer ️️ -Heart-related illness resulting from hereditary causes An insurance policy covers fire, will ...

multi-line policies - Answer HO policies are _ which mean they combine property and casualty coverages in the same policy. it packages several coverages related to a specific type of exposure, and it reduces the number of policies one has to purchase. personal package policy - Answer HO insurance is sold as a _ designed to cover a broad range of exposures related to owning and renting a part of a home. theft insurance and personal liability coverage under one contract - Answer the HO insur...

ADJUSTER PRO EXAM WITH REVISED ANSWERS (2023) Stu has a collection of rare comic books. He wants to purchase theft insurance for his collection, separate from his home and other property. What term most accurately describes the type of policy Stu would purchase? - CORRECT ANSWER-Monoline Policy Which of the following statements does NOT apply to the Standard Fire Policy? - CORRECT ANSWER-It automatically covers wind and vandalism. Which of the following refers to being restored to the ...

NC adjuster Exam Questions and Answers Already Passed Inception/Expiration Date The date on which coverage became effective or expired. Policies in North Carolina become effective and expire at 12:01am Occurrence Date The date on which the loss occurred Identification of Parties involve The loss report should include the names and addresses of the parties involved in the loss, the names and addresses of any injured person(s) and the names and addresses of any witness(s) Policy form /Number Id...

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...

2022/2023 Texas Adjuster Study Guide 367 QUESTIONS AND ANSWERS 1. PERILS: A CAUSE OF PROPERTY LOSSES UNDER AN INSURANCE CON- TRACT EX: WINDSTORM, HURRICANE, EXPLOSION, COLLAPSE OF BUILD- ING, VANDALISM, ACCIDENTAL DISCHARGE, AND THEFT 2. LAW OF LARGE NUMBERS: A FUNDAMENTAL CONCEPT IN STATISTICS AND PROBABILITY THAT DESCRIBES HOW THE AVERAGE OF A RANDOM- LY SELECTED LARGE SAMPLE FROM A POPULATION. IT BASICALLY RE- LIES ON THE PRINCIPLE THAT THE LARGER THE POOL, THE MORE PRE- DICTAB...

California property and casualty exam, Pool Questions & Answers. Verified. Rated A The process where by a mutul insurer becomes a stock company is called - Demutalization The process whereby a stock company a mutal insurer is called - Mutalization The provision in a property policy which states that the insured has been paid up to their insurable interest is - Valuation clause The part of the policy that states the amout of coverage the insured property policy period is - Declara...