Exam 10: Protecting Your Property

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.Select A for the first item,B for the second item,and C if neither item will correctly complete the statement. -[Negligence | Indemnity] is the failure to act in a reasonable manner or take necessary steps to protect others from harm.

Automobile medical payments insurance commonly has per person limits of

Your standard HO policy will not include coverage for damage done by

Which of the following best describes the personal articles floater?

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.Select A for the first item,B for the second item,and C if neither item will correctly complete the statement. -Medical payments coverage [would | would not] pay for the medical bills of passengers in your car who are not related to you.

Fire is an example of a hazard.

Auto insurance premiums would be affected by

A claims adjustor may work for

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.Select A for the first item,B for the second item,and C if neither item will correctly complete the statement. -A HO-2 policy will protect your property from losses due to [all | listed] perils.

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.Select A for the first item,B for the second item,and C if neither item will correctly complete the statement. -The theft of your favorite jacket from your locked car [would be | would not be] taken care of by your renter's policy.

Automobile medical payments insurance normally contains an indemnity clause.

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.Select A for the first item,B for the second item,and C if neither item will correctly complete the statement. -A mobile home is [less | more] likely to suffer a complete loss than a conventional house.

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.Select A for the first item,B for the second item,and C if neither item will correctly complete the statement. -If you are sued,the liability portion of your property insurance [must | has no obligation to] defend you.

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.Select A for the first item,B for the second item,and C if neither item will correctly complete the statement. -The insurance company [will | will not] provide liability coverage if your dog bites the neighbor.

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.Select A for the first item,B for the second item,and C if neither item will correctly complete the statement. -Actual cash value (ACV)is calculated by subtracting depreciation from the [purchase price | replacement cost] of an item.

A rental car could be a covered auto under a personal auto policy liability section.

Your auto liability insurance shows policy limits of $100,000/$300,000.This means

The premiums for homeowners' insurance are based on size of deductible,internal limits,and standard coverage.

If you have two insurance policies on the same property,the ____ clause explains how the two insurance companies will share the loss.

Which of the following would be insured for actual cash value under a standard HO-2 policy?