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Florida Personal Lines Insurance NEWEST 2026 ACTUAL EXAM TEST- COMPLETE
REAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) ALREADY GRADED A+ (MOST RECENT!!) THIS YEAR
Under Part A of a Personal Auto Policy, which of the following losses
would be covered?
A.) Damage to property being transported by the insured
B.) Damage to a neighbor's parked car
C.) Damage to a neighbor's lawn mower in the care of the insured
D.) Damage to the home the insured owns - CORRECT ANSWER
B.) Damage to a neighbor's parked car
QUESTION :Which of the following is true regarding the Fine Arts
Floater?
A.) Coverage is limited to the United States, Canada, and Mexico
B.) Coverage is primarily for stamps and coins
C.) It provides automatic coverage on newly acquired items for 90
days
D.) It settles losses on an ACV basis - CORRECT ANSWER C.) It
provides automatic coverage on newly acquired items for 90 days
QUESTION :All of the following statements are correct about a
Homeowners Policy, except:
A.) Home schooling is covered under a Homeowners Policy
2026 2027 GRADED A+
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B.) Coverage D of a Homeowners Policy includes loss of income from
an incidental business
C.) A Homeowners Policy will not cover theft of a boat away from
premises
D.) Coverage D of a Homeowners Policy covers additional living
expenses - CORRECT ANSWER B.) Coverage D of a
Homeowners Policy includes loss of income from an incidental
business
QUESTION :Under disability income insurance, a monthly benefit will
be ________ of the insured's monthly income.
A.) 80 1/2%
B.) 66 2/3%
C.) 70 2/3%
D.) 50 3/4% - CORRECT ANSWER B.) 66 2/3%
QUESTION :All of the following items of property are considered
property not covered under Coverage C of a Homeowners policy,
except:
A.) Credit cards
B.) Personal property of a guest
C.) Pets
D.) Personal property of a tenant - CORRECT ANSWER B.)
Personal property of a guest
QUESTION :Which of the following is NOT a purpose of licensing?
2026 2027 GRADED A+
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A.) For the applicant to be familiar with the Florida insurance laws
B.) To authorize and enable the licensee to actively and in good faith
engage in the insurance business as an agent
C.) To facilitate the public supervision of such activities in the public
interest
D.) To authorize the agent to insure risks - CORRECT ANSWER
D.) To authorize the agent to insure risks
QUESTION :Liability coverage provided by a Personal Auto policy
would cover which of the following damages?
A.) Damage to property being transported by the insured in a covered
auto
B.) Damage to a private garage rented to the insured, caused by the
insured's child driving a covered auto
C.) Damage to a neighbor's riding lawn mower that is in the care of
the insured
D.) Damage to a storefront caused by a valet driver operating a
covered auto - CORRECT ANSWER B.) Damage to a private
garage rented to the insured, caused by the insured's child driving a
covered auto
QUESTION :Which policy provision omits certain risks from
coverage?
A.) Conditions
B.) Additional Coverages
C.) Exclusions
2026 2027 GRADED A+
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D.) Declarations - CORRECT ANSWER C.) Exclusions
QUESTION :When an underlying policy does not cover a particular
loss, the insured's Umbrella Liability policy will drop down and cover
the entire loss, after payment by the insured of a:
A.) Deductible
B.) Self-insured retention
C.) Copayment
D.) Commission - CORRECT ANSWER B.) Self-insured retention
QUESTION :Liability coverage may be provided by a Homeowners
policy for the insured's use of which of the following watercraft?
A.) 20-foot sailing boat
B.) Private yacht owned by the insured
C.) Rented pontoon boat to entertain business clients
D.) Racing cruiser - CORRECT ANSWER A.) 20-foot sailing boat
QUESTION :An insured owns a home with a replacement cost of
$300,000 and a market value of $250,000. What is the most a valued
policy will pay in the event of a total loss without a deductible?
A.) $240,000
B.) $250,000
C.) The policy limit
2026 2027 GRADED A+
Florida Personal Lines Insurance NEWEST 2026 ACTUAL EXAM TEST- COMPLETE
REAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) ALREADY GRADED A+ (MOST RECENT!!) THIS YEAR
Under Part A of a Personal Auto Policy, which of the following losses
would be covered?
A.) Damage to property being transported by the insured
B.) Damage to a neighbor's parked car
C.) Damage to a neighbor's lawn mower in the care of the insured
D.) Damage to the home the insured owns - CORRECT ANSWER
B.) Damage to a neighbor's parked car
QUESTION :Which of the following is true regarding the Fine Arts
Floater?
A.) Coverage is limited to the United States, Canada, and Mexico
B.) Coverage is primarily for stamps and coins
C.) It provides automatic coverage on newly acquired items for 90
days
D.) It settles losses on an ACV basis - CORRECT ANSWER C.) It
provides automatic coverage on newly acquired items for 90 days
QUESTION :All of the following statements are correct about a
Homeowners Policy, except:
A.) Home schooling is covered under a Homeowners Policy
2026 2027 GRADED A+
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B.) Coverage D of a Homeowners Policy includes loss of income from
an incidental business
C.) A Homeowners Policy will not cover theft of a boat away from
premises
D.) Coverage D of a Homeowners Policy covers additional living
expenses - CORRECT ANSWER B.) Coverage D of a
Homeowners Policy includes loss of income from an incidental
business
QUESTION :Under disability income insurance, a monthly benefit will
be ________ of the insured's monthly income.
A.) 80 1/2%
B.) 66 2/3%
C.) 70 2/3%
D.) 50 3/4% - CORRECT ANSWER B.) 66 2/3%
QUESTION :All of the following items of property are considered
property not covered under Coverage C of a Homeowners policy,
except:
A.) Credit cards
B.) Personal property of a guest
C.) Pets
D.) Personal property of a tenant - CORRECT ANSWER B.)
Personal property of a guest
QUESTION :Which of the following is NOT a purpose of licensing?
2026 2027 GRADED A+
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A.) For the applicant to be familiar with the Florida insurance laws
B.) To authorize and enable the licensee to actively and in good faith
engage in the insurance business as an agent
C.) To facilitate the public supervision of such activities in the public
interest
D.) To authorize the agent to insure risks - CORRECT ANSWER
D.) To authorize the agent to insure risks
QUESTION :Liability coverage provided by a Personal Auto policy
would cover which of the following damages?
A.) Damage to property being transported by the insured in a covered
auto
B.) Damage to a private garage rented to the insured, caused by the
insured's child driving a covered auto
C.) Damage to a neighbor's riding lawn mower that is in the care of
the insured
D.) Damage to a storefront caused by a valet driver operating a
covered auto - CORRECT ANSWER B.) Damage to a private
garage rented to the insured, caused by the insured's child driving a
covered auto
QUESTION :Which policy provision omits certain risks from
coverage?
A.) Conditions
B.) Additional Coverages
C.) Exclusions
2026 2027 GRADED A+
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D.) Declarations - CORRECT ANSWER C.) Exclusions
QUESTION :When an underlying policy does not cover a particular
loss, the insured's Umbrella Liability policy will drop down and cover
the entire loss, after payment by the insured of a:
A.) Deductible
B.) Self-insured retention
C.) Copayment
D.) Commission - CORRECT ANSWER B.) Self-insured retention
QUESTION :Liability coverage may be provided by a Homeowners
policy for the insured's use of which of the following watercraft?
A.) 20-foot sailing boat
B.) Private yacht owned by the insured
C.) Rented pontoon boat to entertain business clients
D.) Racing cruiser - CORRECT ANSWER A.) 20-foot sailing boat
QUESTION :An insured owns a home with a replacement cost of
$300,000 and a market value of $250,000. What is the most a valued
policy will pay in the event of a total loss without a deductible?
A.) $240,000
B.) $250,000
C.) The policy limit
2026 2027 GRADED A+
