INSURANCE MASTERY SERIES: CHAPTER 6 PERSONAL
PROPERTY INSURANCE - 200 ULTIMATE EXAM QUESTIONS
PART 1: UNIT OWNERS POLICY (Questions 1 - 35)
1. What are the 3 additional coverages under a unit owners policy?
Correct Answer: 1. loss assessment 2. unit additional protection 3. unit
improvements
2. Which additional coverage under a unit owners policy involves the
assessment of losses?
Correct Answer: loss assessment
3. Which additional coverage provides protection for the unit itself
beyond the basic structure?
Correct Answer: unit additional protection
4. Which coverage pertains to upgrades or modifications made to the
unit by the owner?
Correct Answer: unit improvements
5. Multiple Choice: Which of the following is NOT one of the 3
additional coverages under a unit owners policy?
A) loss assessment
B) unit additional protection
,C) external building maintenance
D) unit improvements
6. Multiple Choice: Which of the following is one of the 3 additional
coverages under a unit owners policy?
A) flood insurance
B) earthquake coverage
C) loss assessment
D) sewer backup
7. List the 3 additional coverages under a unit owners policy.
Correct Answer: 1. loss assessment 2. unit additional protection 3. unit
improvements
8. Fill in the blank: The coverage that handles assessments levied
against a unit owner by the association is called __________.
Correct Answer: loss assessment
9. Fill in the blank: Coverage for the interior structures and
improvements within a unit is known as __________.
Correct Answer: unit improvements
10. Fill in the blank: Protection for the unit owner's personal property
and liability within the condo unit is called __________.
Correct Answer: unit additional protection
,11. Single Choice: Which coverage is specifically designed for condo
owners?
Correct Answer: unit additional protection
12. Single Choice: If a condo owner upgrades their kitchen counters,
which coverage applies?
Correct Answer: unit improvements
13. Multiple Choice: Which of the following correctly lists the 3
additional coverages under a unit owners policy?
A) loss assessment, unit additional protection, unit improvements
B) fire, theft, liability
C) dwelling, other structures, personal property
D) loss of use, medical payments, collision
14. Fill in the blank: __________ is the coverage that responds when
the condo association assesses all unit owners for a major uninsured
loss.
Correct Answer: loss assessment
15. Single Choice: Which of the following is an additional coverage
under a unit owners policy?
Correct Answer: unit improvements
16. Multiple Choice: Which of these is NOT covered under the 3
additional coverages of a unit owners policy?
, A) unit improvements
B) loss assessment
C) flood damage
D) unit additional protection
17. List the 3 additional coverages under a unit owners policy in
alphabetical order.
Correct Answer: 1. loss assessment 2. unit additional protection 3. unit
improvements
18. Fill in the blank: If the condo association charges a fee to all
owners for a new roof, the unit owner's __________ coverage might
apply.
Correct Answer: loss assessment
19. Single Choice: Which coverage ensures that the unit owner's
investment in their condo is protected?
Correct Answer: unit additional protection
20. Multiple Choice: Which of the following is an accurate description
of unit improvements coverage?
A) It covers the land.
B) It covers modifications made to the unit by the owner.
C) It covers the entire building.
D) It covers the neighbor's property.
PROPERTY INSURANCE - 200 ULTIMATE EXAM QUESTIONS
PART 1: UNIT OWNERS POLICY (Questions 1 - 35)
1. What are the 3 additional coverages under a unit owners policy?
Correct Answer: 1. loss assessment 2. unit additional protection 3. unit
improvements
2. Which additional coverage under a unit owners policy involves the
assessment of losses?
Correct Answer: loss assessment
3. Which additional coverage provides protection for the unit itself
beyond the basic structure?
Correct Answer: unit additional protection
4. Which coverage pertains to upgrades or modifications made to the
unit by the owner?
Correct Answer: unit improvements
5. Multiple Choice: Which of the following is NOT one of the 3
additional coverages under a unit owners policy?
A) loss assessment
B) unit additional protection
,C) external building maintenance
D) unit improvements
6. Multiple Choice: Which of the following is one of the 3 additional
coverages under a unit owners policy?
A) flood insurance
B) earthquake coverage
C) loss assessment
D) sewer backup
7. List the 3 additional coverages under a unit owners policy.
Correct Answer: 1. loss assessment 2. unit additional protection 3. unit
improvements
8. Fill in the blank: The coverage that handles assessments levied
against a unit owner by the association is called __________.
Correct Answer: loss assessment
9. Fill in the blank: Coverage for the interior structures and
improvements within a unit is known as __________.
Correct Answer: unit improvements
10. Fill in the blank: Protection for the unit owner's personal property
and liability within the condo unit is called __________.
Correct Answer: unit additional protection
,11. Single Choice: Which coverage is specifically designed for condo
owners?
Correct Answer: unit additional protection
12. Single Choice: If a condo owner upgrades their kitchen counters,
which coverage applies?
Correct Answer: unit improvements
13. Multiple Choice: Which of the following correctly lists the 3
additional coverages under a unit owners policy?
A) loss assessment, unit additional protection, unit improvements
B) fire, theft, liability
C) dwelling, other structures, personal property
D) loss of use, medical payments, collision
14. Fill in the blank: __________ is the coverage that responds when
the condo association assesses all unit owners for a major uninsured
loss.
Correct Answer: loss assessment
15. Single Choice: Which of the following is an additional coverage
under a unit owners policy?
Correct Answer: unit improvements
16. Multiple Choice: Which of these is NOT covered under the 3
additional coverages of a unit owners policy?
, A) unit improvements
B) loss assessment
C) flood damage
D) unit additional protection
17. List the 3 additional coverages under a unit owners policy in
alphabetical order.
Correct Answer: 1. loss assessment 2. unit additional protection 3. unit
improvements
18. Fill in the blank: If the condo association charges a fee to all
owners for a new roof, the unit owner's __________ coverage might
apply.
Correct Answer: loss assessment
19. Single Choice: Which coverage ensures that the unit owner's
investment in their condo is protected?
Correct Answer: unit additional protection
20. Multiple Choice: Which of the following is an accurate description
of unit improvements coverage?
A) It covers the land.
B) It covers modifications made to the unit by the owner.
C) It covers the entire building.
D) It covers the neighbor's property.
