Exam 37: Property, Casualty and Automobile Insurance

A homeowners policy covers loss caused by

Kline signed a contract to buy a house and insured the house against fire and loss. Prior to closing, a fire destroyed the house. Can Kline collect the proceeds of the insurance policy?

A property owner always has an insurable interest.

A document adding to an insurance policy is called a

Damage caused to a vehicle by a falling tree would be covered by collision insurance.

Insurance purchased from a broker is effective when

Damage to one's boat would be covered by a(n)

A person who fails to file an accident report may have his or her driver's license revoked as a result.

Damage caused by rioters is covered by a standard fire insurance policy.

A(n) ____________________ sells insurance for the company by whom he or she is employed.

Damage to your car caused by hitting a tree would be covered by

The ____________________clause provides protection for a car owner and anyone who drives the car with the owner's permission.

____________________ is a means of sharing risks with other people to limit economic loss.

Insurance policies cannot be assigned before a loss occurs without the insurer's permission.

Reimbursement for a loss is called

Coverage for loss that is limited to a specific amount is called

The guest laws relieve a driver of all liability for injuries to

An extended coverage rider would not cover loss caused by

Comprehensive insurance covers damage to the insured's car from all of the following except

Any risk not covered is known as a deductible.