PROPERTY & CASUALTY
PRACTICE EXAM QUESTIONS |
LATEST UPDATE 2026 | 2027 |
VERIFIED STUDY GUIDE WITH
CORRECT COVERAGE (RATED
A+)
Quiz_________________?
$100,000 -
ANSWER✅
An insured with split liability limits of 100/300/100 is at fault in an
automobile accident and the other vehicle sustains $6500 in property
damages as well as two occupants have bodily injury and are claiming
$150000 each. What is the most insurance will pay to each occupant?
Quiz_________________?
$1000 -
ANSWER✅
Which of the following is the standard amount of coverage A-dwelling
provided by the HO-6 Unit-Owners Policy?
Quiz_________________?
$1500 -
ANSWER✅
1
, Which of the following is the special limit of coverage on the homeowners
policy form for property damage to personal watercraft?
Quiz_________________?
$24000 -
ANSWER✅
The insured purchases a car for $40000 and added $5000 in insured
modifications. Four years later it was worth $24000 when it was totaled in
a crash. According to the principle of indemnity, how much should the
insured receive from the insurance proceeds?
Quiz_________________?
20,000 -
ANSWER✅
The insured carries under insured motorists coverage limits of
250/500/250 on his automobile policy and his vehicle is struck by an at
fault motorist who insures with the State minimum for liability of 20/40/10.
If the insured brings suit for bodily injury damages to himself of 500,000
how much will he recover from at fault driver's policy?
Quiz_________________?
20% -
ANSWER✅
Which of the following limits of insurance on the dwelling are available
and apply to Coverage D-Fair Rental Value?
Quiz_________________?
72 hours -
2
, ANSWER✅
A single earthquake constitutes all shocks that occur within which time
period?
Quiz_________________?
a slip and fall while on the job at work -
ANSWER✅
In which of the following situations would worker compensation benefits
be covered for an injured employee?
Quiz_________________?
A volunteer worker -
ANSWER✅
Which one of the following persons would be covered for accidental injury
on the insured's premises under Coverage C of the CGL Medical
Payments?
Quiz_________________?
after a car crash you have to rent a replacement vehicle. -
ANSWER✅
All of the following are examples of direct loss EXCEPT
Quiz_________________?
age, race, and religion -
ANSWER✅
Underwriters are permitted to use all of the following when underwriting
an application for insurance EXCEPT
3
PRACTICE EXAM QUESTIONS |
LATEST UPDATE 2026 | 2027 |
VERIFIED STUDY GUIDE WITH
CORRECT COVERAGE (RATED
A+)
Quiz_________________?
$100,000 -
ANSWER✅
An insured with split liability limits of 100/300/100 is at fault in an
automobile accident and the other vehicle sustains $6500 in property
damages as well as two occupants have bodily injury and are claiming
$150000 each. What is the most insurance will pay to each occupant?
Quiz_________________?
$1000 -
ANSWER✅
Which of the following is the standard amount of coverage A-dwelling
provided by the HO-6 Unit-Owners Policy?
Quiz_________________?
$1500 -
ANSWER✅
1
, Which of the following is the special limit of coverage on the homeowners
policy form for property damage to personal watercraft?
Quiz_________________?
$24000 -
ANSWER✅
The insured purchases a car for $40000 and added $5000 in insured
modifications. Four years later it was worth $24000 when it was totaled in
a crash. According to the principle of indemnity, how much should the
insured receive from the insurance proceeds?
Quiz_________________?
20,000 -
ANSWER✅
The insured carries under insured motorists coverage limits of
250/500/250 on his automobile policy and his vehicle is struck by an at
fault motorist who insures with the State minimum for liability of 20/40/10.
If the insured brings suit for bodily injury damages to himself of 500,000
how much will he recover from at fault driver's policy?
Quiz_________________?
20% -
ANSWER✅
Which of the following limits of insurance on the dwelling are available
and apply to Coverage D-Fair Rental Value?
Quiz_________________?
72 hours -
2
, ANSWER✅
A single earthquake constitutes all shocks that occur within which time
period?
Quiz_________________?
a slip and fall while on the job at work -
ANSWER✅
In which of the following situations would worker compensation benefits
be covered for an injured employee?
Quiz_________________?
A volunteer worker -
ANSWER✅
Which one of the following persons would be covered for accidental injury
on the insured's premises under Coverage C of the CGL Medical
Payments?
Quiz_________________?
after a car crash you have to rent a replacement vehicle. -
ANSWER✅
All of the following are examples of direct loss EXCEPT
Quiz_________________?
age, race, and religion -
ANSWER✅
Underwriters are permitted to use all of the following when underwriting
an application for insurance EXCEPT
3
