Personal lines exam
Under an extended transportation expense endorsement what is the maximum policy will pay for the renting of a substitute vehicle?
$300 $500 $600 $1000***********
Cierra received her new auto insurance policy three months ago. However she has not paid her premiums on time so the insured has decided to cancel the policy. How many days notice much the insured give the insured?
10 days 20 days 45 days 60 days
What is the basic limit under coverage F medical payments to others on in HO policy?
A $500 Per person B $1,000 Per person C $5,000 Per person****************** D $10,000 Per person
Which of the following is not an example of a motor vehicle for which an insured homeowner would be covered for liability is resulting from its use?
A 4 wheel
Which of the following is a covered peril under a homeowners policy if it is caused The collapse of a building?
A Hidden Decay************** B shrinking of clay bases C settling of the foundation D cracking of exterior walls
Which interest is awarded to an insured by a court for damages under the part a liability coverage of a personal auto policy?
A accrued interest B savings interest C prejudgment interest*************** D deffered interest
Because fires are often the result of another peril, which of the following is true regarding cause of loss?
A fire in a fireplace is considered a hostile fire If a fire results from the peril of earthquake only the earthquake damage is covered Earthquake damage isn't covered in standard fire policy's Standard fire policies cover the peril of lightning******************
Under part B medical payments coverage which of the following would not be considered an insured?
A pedestrian struck by the policy owner's vehicle
To arbitrators, selected by both the insured and insurer, disagree on the selection of a third arbitrator. After 30 days, who may the two arbitrators consult to appoint the third?
A third-party insurance company And adjuster The department of insurance A judge
BART lives near a nuclear power plant. There is a terrible accident, and a reactor explodes, causing a great deal of damage to surrounding homes including parts. Regarding medical coverage is provided by section 2, coverages E and F, which of the following is true?
A this incident would be covered for 100% of the medical cost B this incident would not be covered**************** C this incident not be covered up to $20,000 D this incident would be covered up to $50,000
Which of the following items would not be a type of property to ensure separately?
A wooden chair that was used frequently by Benjamin Franklin A recliner purchased at a local discount retailer A coin collection Baseball gloves on by Mickey Mantle
If an auto policy limits are expressed as 20/50/10, a maximum of $50,000 would be attribute it to
Bodily injury for the entire accident
Underhill Manufacturing has a building that is used to store Rob materials and run employee operations. If the building is destroyed by fire, which of the following is not considered to be part of the building?
Built-in reception desk in the lobby The employee reconfigurable he cubicles in the main call center The wall-to-wall carpeting in the building Decorative shelving mounted to the CEOs office walls
Because Kenny and Laura's new home is mortgaged, what must be listed on the declarations page?
C The mortgagee's name and address
Under which legal defense is there a percentage of damages assigned to negligence based upon the degree of fault of each party involved in an accident?
Comparative negligence*********** Absolute liability Contributory negligence Intervening cause
Meg and Rick's apartment was damaged and a fire. They carry an H04 policy on the contents. What part of the policy would cover the cost associated with staying in another dwelling while the apartment is being repaired?
Coverage D loss of use
Peter and his family were forced to move out of their house following a fire. They have been living in a motel room and eating meals at restaurants near the motel. What type of HO coverage pays for these expenses that Peter and his family are in case you're Peter and his family were forced to move out of their house following a fire. They have been living in a motel room and eating meals at restaurants near the motel. What type of Hecho coverage pays for these expenses that Peter and his family are inccuring?
Coverage de loss of use
Jimmy has a dwelling policy for his rented house and stores personal watercraft in the garage. One evening while he was attending a workshop, someone broke into the garage and damaged the personal watercraft. What coverage will Jimmy have on his dwelling policy for this damage?
Coverage will be limited to $500 on a dwelling policy And unlimited level of coverage for the watercraft, subject to replacement cost The same $1500 watercraft coverage that is provided by a standard HO policy There will be no coverage for this loss provided on a dwelling policy form
Nestor's living room flooded after a pipe burst. Nestor's has a homeowners policy that covers personal property which of the following would not be covered under the contents provisions of Nester's policy?
D damage done to the floors and walls
An HO 4 policy would not cover which of the following?
Danny buys a house he starts a fire in his fireplace and embers leave out setting fire to the room
Which part of a homeowners insurance policy personalizes the contract?
Declarations
Which of the following people would not use an H04 policy?
Doug just bought his first house
Which of the following covered perils is unique to the transportation/permission to move endorsement under a mobile home policy?
Fire and smoke Theft Falling objects Stranding
MAX has a DP-00-03 policy on his bachelors pad. He recently suffered a break-in, and many items were stolen. What coverage will Max have under cover c of the DP3 policy?
He will be covered for damage done by that believes but not the actual theft of personal property that they stole He will be covered for the personal property that was stolen and the damages caused to his apartment by the thieves.******** He will be covered for the property stolen only, but not for the damage property He will not be covered for either the property stolen or the damages because the DP three excludes this type of loss
The property policy condition that automatically provides broader coverage when an insurer makes revisions to a current policy addition without charging the insured additional premium is called the
Liberalization clause
Which of the following is not a major loss exposure for unit owners covered on age of six?
Loss of personal property
And insured dies in an automobile accident. Which of the following coverage parts will pay for funeral expenses resulting from the insured's death?
Medical payments part B
Which of the following terms means termination of an insurance policy at its expiration date by not offering a continuation of the existing policy or replacement policy?
Nonrenewal
Nathan was the victim of a hit and run accident. What action is Nathan take to ensure that the insured will except the claim?
Notify the police immediately and to the best of his ability give a detailed description of the vehicle involved and the circumstances leading up to the collision
Collecting multiples of the policy limit based on the existence of multiple claims made is referred to as
Stacking************** Coordination of benefits Twisting Double indemnity
The limit of insurance for coverage de loss of use is based on the
The amount of coverage on the dwelling
The principle of negligence is defined as
The failure to use the care that a reasonable person would have taken under the similar circumstances
By definition and uninsured motor vehicle includes all the following except
The vehicle has no liability bond or insurance in force A vehicle being used by a government agency The accident was a hit and run The insurance company denies coverage
And insured is driving on the freeway when another car suddenly merges lanes, causing an accident. The at fault driver speed off. The at fault driver would be considered an
Uninsured motorist Unlicensed ponderous Illegal motorist Under insured motorist
Which section of a contract is preceded by a statement explaining the services provided by an insurance company when premiums are paid as shown in the policy?
agreement
Duties of the insurer found in homeowners property policy conditions include all of the following except
notify the insured in the event of a financial difficulty
Which of the following perils is not covered under coverage C of an HO policy
War
Stanley's home was damaged when a fire occurred in the apartment building next to his home. The damage was so severe that the city officials have condemned stallions home and ordered it to be demolished. For Stanley's insured to cover his property loss for the replacement cost value, Stanley must have ensure the property for
All type of potential losses The maximum liability coverage available for the insured property The actual cash value of the property 80% of the replacement cost of the property*****************
Tim placed a call to his insurance agent questioning the types of events I could trigger coverage and his homeowners policy. Which peril below would not be covered?
Flood or storm surge
Which of the following is considered apparel under party physical damage?
Freezing Vandalism War Nuclear hazard
Maurice caused a traffic accident that injured Bernie. Maurice had let his insurance lapse because he had recently lost his job. Bernie's medical expenses and the cost to fix his car oh to him. What Kimberly expect when he notifies his insurance?
Full payment for damage to his vehicle only Certainly nothing Payment for his injuries and his vehicle, subject to parts he limits of his policy The insurer will pay for the bodily injury portion of Bernie's claim subject to his person limit in parts of his policy
Janet has applied for coverage under an assigned risk plan. Without knowing anything about Janet other than this fact, what can you conclude about her driving history?
He has an excellent driving record She may be a new driver or may have a poor driving history Has no drivers license Income is poverty level
Henry received a midterm cancellation notice from his insurer stating that his coverage would lapse in 20 days. Which of the following in not because for such a cancellation?
He misrepresented his true driving record to the agent during the application process He failed to pay his vehicle parking in moving violation fines in a timely manner He failed to pay his premium in a timely manner He had his drivers license suspended for reckless driving
Which of the following is not included in the definition of an insured under part a liability coverage of a PAP?
I spouse in the same household of the insured A family member in the same household who maintains a vehicle An individual outside of the household that uses the insured vehicle An individual not legally responsible for the driving of a regular insured
Because an insured has a considerable amount of jewelry that is quite expensive, her insurance agent has advised her that it should be covered by a schedule personal property endorsement. If the insured add to his endorsement to her homeowners policy, which of the following statements would be correct?
It becomes excess coverage***************** No coverage then exist under the HO contract, coverage C, on the specifically scheduled items of the insured The coverage is doubled It becomes primary coverage, and the HO contract is secondary
Thomas has been struggling to come to an agreement with his insurer regarding a claim that he filed and for which the insured made a settlement offer that Thomas rejected. Thomas wants to sue the insurer for breach of contract and loss of use, but what must occur before Thomas can bring such a suit?
The insurance company and Thomas Thomas agree in writing that Thomas has paid any obligation stipulated in the policy There are no special restrictions upon a private party bringing a lawsuit against any company that provides services for a fee The insurer must settle the claim through arbitration Thomas must pay all fees that the insured has incurred to date in the settlement
And automobile policy has limits of 100/300/50. The 100 means
The maximum limit for bodily injury claims that can be paid for one person
If an insured up change other insurance for a personal automobile through a lower cost ensure, what will happen to the coverage provided by the previous insured?
The similar coverage under the old policy will automatically terminate on the date that the new policy becomes effective The coverage from the new insured will supersede the old policy regardless of the time in which book policies are in effect The insured will have the option to continue the coverage until the next policy renewal, which will provide him with the duplicate coverage in the event of an accident The coverage will continue until all previously paid premiums have been exhausted and lapse once that has occurred
If an insured is in an accident where the other driver is at fault, which legal defense is in force?
Vicarious liability Absolute liability************* Comparative negligence Contributary of negligence