missed questions part 2
J's computer is damaged. The replacement cost is $3,000, the ACV is $2,500. How much will an unendorsed HO policy pay?
$2,500
The insured, who owns a home covered under an HO-3 for $200,000, asked his agent how much rent coverage he has in case his rented basement apartment becomes uninhabitable due to a fire. His agent responded that Coverage applies up to which of the following amounts?
$60,000
C has a business insured on a Businessowners policy and will close on his new building on April 1. His agent told him that the building is automatically covered until which date?
1-May
Which of the following would NOT be considered Personal Injury in the Commercial General Liability policy?
A customer falls on the insured's premises and breaks his leg
The final premium in a Workers Compensation policy is determined after which of the following?
A premium audit
Which of the following is not eligible for a Personal Auto Policy?
A private passenger auto used as a taxicab
Which of the following is covered under Coverage E of the Dwelling Policy?
Additional living expenses incurred after a covered direct loss.
An insured and insurer cannot come to an agreement about the amount of a loss. The insured could request?
Appraisal
Insurance Company Endorsements must be which of these?
Approved by the Commissioner of Insurance in Texas
If the insurer and insured disagree concerning a loss. Which of these could the insurer choose?
Arbitration
If the premium audit is a condition of the Commercial General Liability policy, the earned premium used in the premium audit to compute the final premium is determined at what point in time?
At the end of the policy period
Personal Injury Coverage includes all of the following, EXCEPT?
Bodily Injury from eviction
___________ is not covered by the Commercial General Liability Coverage B - Personal and Advertising Injury.
Breach of contract
Which of these is not covered in the Nationwide Marine definition of property?
Buildings
Which of the following statements about the Special Dwelling Forms is true?
Contents are covered on an actual cash value basis.
A Christmas bulb with yellow dye in it burst when being put on the tree. The yellow dye damages the carpet. Where in a HO-3 homeowners policy would these damages be paid from?
Coverage A
Under the Dwelling policies, which is correct regarding coverage of trees, shrubs or plants?
Damage by wind, hail, weight of ice, snow or sleet is not covered
On what day does income benefits begin in Worker's Compensation Insurance in Texas?
Day 8
Which of these is NOT an insured for XYZ corporation in their CGL policy?
Employee's Spouse
Although earth movement is excluded under the DP policies, ___________ ensued from the earth movement is covered.
Fire
The limit of insurance on the HO-8 policy is the ___________.
Functional Replacement Value
An insurance agent should recommend which of the following be added to an HO-5 policy to cover a gun valued as $10,000?
Inland Marine - Scheduled Personal Property
Which of the following is an example of Special Damages?
It is compensation to an injured party for actual medical expenses and loss of earnings
Choose the false statement about the Commercial General Liability, Coverage A Insuring Agreement.
Liability assumed under a written agreement may be covered under a contractual liability policy
The maximum amount of protection provided for a particular type of coverage is referred to as the?
Limit of liability
Terrorism risk insurance act of 2015 is designed to?
Makes terrorism insurance available through insurers
The medical section of a personal auto policy pays?
Maximum per person
The Businessowners policy adds which of these as a coverage extension if the building is insured within 80% of the cost to replace the building at the time of loss?
Newly acquired or constructed property
An insured who has owned a home for 20 years, sells their home but fails to cancel their homeowners policy. 2 weeks later the home burns down and the insured files a claim. What will the insurer do?
Not pay the claim and refund premiums back to the sale date of the home
What coverage in the personal auto policy must be offered by law?
Personal Injury Protection
All of the following are true of Ocean Marine Insurance, EXCEPT?
Policies are standardized
A business has installed a part in the homes of customers 1000 times over several years. The item caused damage to the customers' homes. The insured's CGL will pay from?
Product
L was disappointed that her homeowners policy only covered her personal property for actual cash value, so her agent suggested an endorsement to change that actual cash value to which of the following?
Replacement cost
Which of these is not added under the Broad Form of the Commercial Package Policy?
Sinkhole
Choose the peril that is not covered under the Dwelling Broad Form.
Smoke damage from industrial operations
In a flood policy, the insured increased their limits of coverage from $150,000 to $250,000. Which of these applies?
The increased coverage becomes effective after 30 days
All of these are true of Uninsured Motorist coverage in an auto policy in Texas, EXCEPT?
The limits can be more than the liability limits in the policy
In a CGL policy the claims made form pays which of these?
The loss occurred after the retroactive date and the claim was made during the policy period
Under the Crime Coverage Part to the Commercial Package Policy, which of the following is the broadest and most inclusive?
Theft
All of the following are false statements about Medical Payments under Liability Insurance, EXCEPT?
These payments are made regardless of fault or negligence and payment is not an admission of fault
Which coverage protects the insured against drivers who do not have adequate auto liability insurance limits?
Underinsured Motorist Coverage
Which peril is not covered in the DP-3 Special dwelling policy?
Wear and tear
Which of these perils is added on the Broad Form of the Commercial Package Policy?
Weight of Ice, Snow, or Sleet