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COMPREHENSIVE EXAM PREP, PRACTICE
QUESTIONS, CORRECT ANSWERS AND
STUDY GUIDE
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Updated 2026 Questions and Answers
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,During a tornado, a barn is destroyed when a section of its the tornado
wall is blown down, knocking over a lantern, which sets the
barn on fire. The proximate cause of loss is the:
A fire in an insured's restaurant burns the kitchen walls and a direct loss
causes smoke damage to the entire interior. Water used to
extinguish the fire causes extensive damage to floors and
furnishings. The water damage is best described as:
The Personal Liability section of a Homeowners policy covers Bodily injury caused by the personal activities of an insured
which of the following options?
An insured owns an antique marble statue valued at $3,000, the insured threw it
which is covered under a Personal Articles Floater. Damage to
the statue would be covered in all of the following situations
EXCEPT:
Which of the following sources may be used to provide physical inspections
property insurability information?
All of the following perils are covered under a Building and earth movement
Business Personal Property Coverage Form with a Causes of
Loss-Basic Form attached EXCEPT:
X insures a home for $100,000 under a Dwelling Property $0
Broad Form (DP-2). If a flood causes $1,000 in damage to the
home's contents, which of the following
MAXIMUM amounts will X's insurer pay?
In order to issue a written binder for a commercial property a promise to pay
policy, what is the MINIMUM consideration a producer must
secure from an applicant?
An insured owns a set of six drawing pens designed and used $7,000
by Benjamin Franklin. Each pen is worth $1,000 alone, but the
set is worth $12,000. One pen is destroyed by a covered peril.
Under the Pair and Set clause, the insurer will pay a MAXIMUM
of which of the following amounts?
, Inland Marine insurance is commonly used to insure all of the automobiles
following items EXCEPT:
A primary obligation of an insurer is to: Pay the claims covered under the policy
An applicant's statement included in the insurance contract a warranty
that the property to be insured has an operable sprinkler
system is:
Which of the following statements about a mortgagee's rights The mortgagee may abandon the insured property to the insurer.
under the Dwelling Property Basic Form (DP-1) is
INCORRECT?
A Commercial Property policy specifies which of the following To provide a sworn Proof of Loss statement if requested by the company
responsibilities as a duty of the insured?
An insured's HO-2 Form has a $100,000 coverage limit on the $1,250
dwelling and a $50,000 Personal Property limit with the
standard deductible. If a sailboat valued at $1,500 is stolen
from the insured's premises, the insured will collect a
MAXIMUM of which of the following amounts?
Under a Homeowners policy, an insured is required to take all hire an appraiser to determine the amount of loss
of the following actions when a covered loss occurs EXCEPT:
A company's promise to pay for damage caused by or insuring agreement
resulting from any covered Cause of Loss would be found in
which of the following sections of a Commercial Property
policy?
All of the following options are examples of insurable interest an individual's interest in property her parents will someday leave to her
EXCEPT:
A family takes their 50 horsepower outboard motor boat to boatowners
the lake on a trailer towed behind their personal auto. The
pleasure boat is appropriately covered for physical damage
under which of the following policies?
COMPREHENSIVE EXAM PREP, PRACTICE
QUESTIONS, CORRECT ANSWERS AND
STUDY GUIDE
| GRADED A+ | GUARANTEED SUCCESS
Updated 2026 Questions and Answers
100% Verified Exam Prep
,During a tornado, a barn is destroyed when a section of its the tornado
wall is blown down, knocking over a lantern, which sets the
barn on fire. The proximate cause of loss is the:
A fire in an insured's restaurant burns the kitchen walls and a direct loss
causes smoke damage to the entire interior. Water used to
extinguish the fire causes extensive damage to floors and
furnishings. The water damage is best described as:
The Personal Liability section of a Homeowners policy covers Bodily injury caused by the personal activities of an insured
which of the following options?
An insured owns an antique marble statue valued at $3,000, the insured threw it
which is covered under a Personal Articles Floater. Damage to
the statue would be covered in all of the following situations
EXCEPT:
Which of the following sources may be used to provide physical inspections
property insurability information?
All of the following perils are covered under a Building and earth movement
Business Personal Property Coverage Form with a Causes of
Loss-Basic Form attached EXCEPT:
X insures a home for $100,000 under a Dwelling Property $0
Broad Form (DP-2). If a flood causes $1,000 in damage to the
home's contents, which of the following
MAXIMUM amounts will X's insurer pay?
In order to issue a written binder for a commercial property a promise to pay
policy, what is the MINIMUM consideration a producer must
secure from an applicant?
An insured owns a set of six drawing pens designed and used $7,000
by Benjamin Franklin. Each pen is worth $1,000 alone, but the
set is worth $12,000. One pen is destroyed by a covered peril.
Under the Pair and Set clause, the insurer will pay a MAXIMUM
of which of the following amounts?
, Inland Marine insurance is commonly used to insure all of the automobiles
following items EXCEPT:
A primary obligation of an insurer is to: Pay the claims covered under the policy
An applicant's statement included in the insurance contract a warranty
that the property to be insured has an operable sprinkler
system is:
Which of the following statements about a mortgagee's rights The mortgagee may abandon the insured property to the insurer.
under the Dwelling Property Basic Form (DP-1) is
INCORRECT?
A Commercial Property policy specifies which of the following To provide a sworn Proof of Loss statement if requested by the company
responsibilities as a duty of the insured?
An insured's HO-2 Form has a $100,000 coverage limit on the $1,250
dwelling and a $50,000 Personal Property limit with the
standard deductible. If a sailboat valued at $1,500 is stolen
from the insured's premises, the insured will collect a
MAXIMUM of which of the following amounts?
Under a Homeowners policy, an insured is required to take all hire an appraiser to determine the amount of loss
of the following actions when a covered loss occurs EXCEPT:
A company's promise to pay for damage caused by or insuring agreement
resulting from any covered Cause of Loss would be found in
which of the following sections of a Commercial Property
policy?
All of the following options are examples of insurable interest an individual's interest in property her parents will someday leave to her
EXCEPT:
A family takes their 50 horsepower outboard motor boat to boatowners
the lake on a trailer towed behind their personal auto. The
pleasure boat is appropriately covered for physical damage
under which of the following policies?
