For Expert help and assignment handling,
1
Property and Casualty Insurance Questions
and Answers (100% Correct Answers) Already
Graded A+
Under a dwelling policy, an insured tenant may use up to what
percentage of the Coverage C limit of insurance for a covered loss to
improvements, alterations, and additions made at the insured's expense
to that part of the described location occupied by the named
© 2026 Assignment Expert
insured?Ans: 10%
Which of the following residents in the insured's dwelling is eligible to
receive medical payments under Section II of a Homeowners
Guru01 - Stuvia
Policy?Ans: A residence employee
Coverage B of a dwelling policy will not apply to a detached garage if
which of the following is being stored?Ans: A helium tank used for the
insured's business
All the following injuries are covered under a Workers' Compensation
policy, except:Ans: An employee whose injury results from intoxication
In which section of the BOP would coverage for equipment breakdown
be found?Ans: Optional coverages
All of the following statements regarding property insurance terminology
are true, except:Ans: Proximate cause is a secondary cause of loss
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2
Which of the following is true about the National Flood Insurance
Program?Ans: Property removed to protect it from flood is covered for 45
days at other locations
What is the term for the first event in the unbroken chain of events, that
resulted in a loss?Ans: The Proximate Cause
The maximum liability assumed by the Property and Casualty Insurance
Guaranty Association with regard to an individual insured is no more
than:Ans: The amount of each claim, up to $300,000 per claim
© 2026 Assignment Expert
Which of the following is true concerning the Premium Audit condition of
the Commercial General Coverage Part to the Commercial Package
Guru01 - Stuvia
Policy?Ans: Premium audit determines what the earned premium will be
at the end of the policy period
All of the following are true about liability, except:Ans: Liability policies
pay costs incurred by an insured to sue negligent third parties
A property purchased 10 years ago for $100,000 has a replacement
value today of $200,000. It has depreciated 3% each year. What is
today's actual cash value?Ans: $140,000
Ocean marine hull insurance covers a vessel for:Ans: Physical damage
Which of the following vehicles would be excluded under the Personal
Auto Policy?Ans: A motorcycle
The Building and Personal Property Coverage Form does not cover
which of the following?Ans: Liability
, For Expert help and assignment handling,
3
Which of the following coverage forms covers the cost of replacing or
reproducing documents that are important for the continuation of
business such as books, files, and maps?Ans: Valuable Papers and
Records Coverage Form
Under Coverage C of the Special Dwelling Form, all of the following are
included, except:Ans: Pets belonging to the insured
Which of the following is not a valid reason to cancel a personal auto
policy after the first 60 days of coverage?Ans: Claims history
© 2026 Assignment Expert
All of the following are excluded under the BOP, except:Ans: Increased
cost of construction
Guru01 - Stuvia
Under a Building and Personal Property Coverage Form, up to what
percent of a partial loss would be available for debris removal?Ans: 25%
Which statement is true of the Equipment Breakdown Protection
Coverage Form?Ans: It may be written as a coverage part of the
Commercial Package Policy
Which of the following is not covered under the Building and Personal
Property Coverage Form?Ans: Liability
What is the limit of insurance available under an HO-3 policy for a tree
totally damaged in a hail storm?Ans: 0%
The following statements regarding hazards are all correct, except:Ans:
A moral hazard arises from an attitude of indifference to loss
1
Property and Casualty Insurance Questions
and Answers (100% Correct Answers) Already
Graded A+
Under a dwelling policy, an insured tenant may use up to what
percentage of the Coverage C limit of insurance for a covered loss to
improvements, alterations, and additions made at the insured's expense
to that part of the described location occupied by the named
© 2026 Assignment Expert
insured?Ans: 10%
Which of the following residents in the insured's dwelling is eligible to
receive medical payments under Section II of a Homeowners
Guru01 - Stuvia
Policy?Ans: A residence employee
Coverage B of a dwelling policy will not apply to a detached garage if
which of the following is being stored?Ans: A helium tank used for the
insured's business
All the following injuries are covered under a Workers' Compensation
policy, except:Ans: An employee whose injury results from intoxication
In which section of the BOP would coverage for equipment breakdown
be found?Ans: Optional coverages
All of the following statements regarding property insurance terminology
are true, except:Ans: Proximate cause is a secondary cause of loss
,For Expert help and assignment handling,
2
Which of the following is true about the National Flood Insurance
Program?Ans: Property removed to protect it from flood is covered for 45
days at other locations
What is the term for the first event in the unbroken chain of events, that
resulted in a loss?Ans: The Proximate Cause
The maximum liability assumed by the Property and Casualty Insurance
Guaranty Association with regard to an individual insured is no more
than:Ans: The amount of each claim, up to $300,000 per claim
© 2026 Assignment Expert
Which of the following is true concerning the Premium Audit condition of
the Commercial General Coverage Part to the Commercial Package
Guru01 - Stuvia
Policy?Ans: Premium audit determines what the earned premium will be
at the end of the policy period
All of the following are true about liability, except:Ans: Liability policies
pay costs incurred by an insured to sue negligent third parties
A property purchased 10 years ago for $100,000 has a replacement
value today of $200,000. It has depreciated 3% each year. What is
today's actual cash value?Ans: $140,000
Ocean marine hull insurance covers a vessel for:Ans: Physical damage
Which of the following vehicles would be excluded under the Personal
Auto Policy?Ans: A motorcycle
The Building and Personal Property Coverage Form does not cover
which of the following?Ans: Liability
, For Expert help and assignment handling,
3
Which of the following coverage forms covers the cost of replacing or
reproducing documents that are important for the continuation of
business such as books, files, and maps?Ans: Valuable Papers and
Records Coverage Form
Under Coverage C of the Special Dwelling Form, all of the following are
included, except:Ans: Pets belonging to the insured
Which of the following is not a valid reason to cancel a personal auto
policy after the first 60 days of coverage?Ans: Claims history
© 2026 Assignment Expert
All of the following are excluded under the BOP, except:Ans: Increased
cost of construction
Guru01 - Stuvia
Under a Building and Personal Property Coverage Form, up to what
percent of a partial loss would be available for debris removal?Ans: 25%
Which statement is true of the Equipment Breakdown Protection
Coverage Form?Ans: It may be written as a coverage part of the
Commercial Package Policy
Which of the following is not covered under the Building and Personal
Property Coverage Form?Ans: Liability
What is the limit of insurance available under an HO-3 policy for a tree
totally damaged in a hail storm?Ans: 0%
The following statements regarding hazards are all correct, except:Ans:
A moral hazard arises from an attitude of indifference to loss
