The declarations page of Julius's equipment breakdown policy lists a number of
coverages, such as property damage, expediting expenses, business income and
extra expense, and utility interruption. The word "INCLUDED" is shown next to
"property damage," but it does not appear elsewhere in the declarations, nor are
there any dollar limits listed on the page. Julius's policy provides coverage for:
property damage only
expediting expenses, business income and extra expense, and utility interruption only
every listed coverage other than property damage
property damage, expediting expenses, business income and extra expense, and
utility interruption
Give this one a try later!
property damage only
Abdul's inventory values fluctuate depending on the supply and demand of imported
goods he distributes. His commercial property policy has a value reporting form that
,requires him to:
pay a provisional premium based on values reported during the policy term
submit periodic reports of the value of insured property
pay the entire premium when the policy takes effect
have a seasonable business cycle
Give this one a try later!
submit periodic reports of the value of insured property
Why do most insurance policies covering buildings and their contents exclude
earthquake coverage?
An earthquake may result in catastrophic losses.
It is difficult to predict when an earthquake will occur.
Earthquake coverage can only be obtained through the National Earthquake
Insurance Program.
Earthquake damage is a form of expected wear and tear.
Give this one a try later!
An earthquake may result in catastrophic losses.
Vandals throw a brick through the window of Giovanni's pizza parlor. He hires a
handyman to board up the broken window until the glass can be replaced. His
businessowners policy covers his building and personal property. How much
coverage does the BOP provide for these temporary repairs?
Up to $1000
His expenses are covered, subject to the applicable limit.
Up to $500
Nothing
Give this one a try later!
, His expenses are covered, subject to the applicable limit.
In addition to offering basic, major, and comprehensive medical plans and HMO
plans, what else do Blue Cross and Blue Shield plans do?
They administer Medicare programs in many states.
They are common providers for long-term care insurance plans.
They administer Medicaid programs.
They administer basic surgical expense insurance in many states.
Give this one a try later!
They administer Medicare programs in many states.
With respect to requirements for a valid contract, a policyowner's payment of the
policy premium is called a(n):
consideration
counteroffer
acceptance
offer
Give this one a try later!
consideration
Frances converts the garage behind her house into an office where she operates a
seasonal tax preparation service. She must walk several feet outside to get from her
house to the garage. Does Frances's standard, unendorsed homeowners insurance
policy cover damage to the office?
yes, it is covered under Coverage A-Dwelling
, yes, it is covered under Coverage C-Personal Property
yes, it is covered under Coverage B-Other Structures
no
Give this one a try later!
no
From a property insurance perspective, which of the following is NOT a basic type of
construction?
superior
masonry
frame
steel
Give this one a try later!
steel
Ethel is a nurse who volunteers at a clinic. Which exclusion in her homeowners
insurance policy excludes coverage for injury from medical treatment that Ethel gives
or fails to give?
expected or intended injury exclusion
professional services exclusion
business exclusion
corporal punishment exclusion
Give this one a try later!
professional services exclusion
coverages, such as property damage, expediting expenses, business income and
extra expense, and utility interruption. The word "INCLUDED" is shown next to
"property damage," but it does not appear elsewhere in the declarations, nor are
there any dollar limits listed on the page. Julius's policy provides coverage for:
property damage only
expediting expenses, business income and extra expense, and utility interruption only
every listed coverage other than property damage
property damage, expediting expenses, business income and extra expense, and
utility interruption
Give this one a try later!
property damage only
Abdul's inventory values fluctuate depending on the supply and demand of imported
goods he distributes. His commercial property policy has a value reporting form that
,requires him to:
pay a provisional premium based on values reported during the policy term
submit periodic reports of the value of insured property
pay the entire premium when the policy takes effect
have a seasonable business cycle
Give this one a try later!
submit periodic reports of the value of insured property
Why do most insurance policies covering buildings and their contents exclude
earthquake coverage?
An earthquake may result in catastrophic losses.
It is difficult to predict when an earthquake will occur.
Earthquake coverage can only be obtained through the National Earthquake
Insurance Program.
Earthquake damage is a form of expected wear and tear.
Give this one a try later!
An earthquake may result in catastrophic losses.
Vandals throw a brick through the window of Giovanni's pizza parlor. He hires a
handyman to board up the broken window until the glass can be replaced. His
businessowners policy covers his building and personal property. How much
coverage does the BOP provide for these temporary repairs?
Up to $1000
His expenses are covered, subject to the applicable limit.
Up to $500
Nothing
Give this one a try later!
, His expenses are covered, subject to the applicable limit.
In addition to offering basic, major, and comprehensive medical plans and HMO
plans, what else do Blue Cross and Blue Shield plans do?
They administer Medicare programs in many states.
They are common providers for long-term care insurance plans.
They administer Medicaid programs.
They administer basic surgical expense insurance in many states.
Give this one a try later!
They administer Medicare programs in many states.
With respect to requirements for a valid contract, a policyowner's payment of the
policy premium is called a(n):
consideration
counteroffer
acceptance
offer
Give this one a try later!
consideration
Frances converts the garage behind her house into an office where she operates a
seasonal tax preparation service. She must walk several feet outside to get from her
house to the garage. Does Frances's standard, unendorsed homeowners insurance
policy cover damage to the office?
yes, it is covered under Coverage A-Dwelling
, yes, it is covered under Coverage C-Personal Property
yes, it is covered under Coverage B-Other Structures
no
Give this one a try later!
no
From a property insurance perspective, which of the following is NOT a basic type of
construction?
superior
masonry
frame
steel
Give this one a try later!
steel
Ethel is a nurse who volunteers at a clinic. Which exclusion in her homeowners
insurance policy excludes coverage for injury from medical treatment that Ethel gives
or fails to give?
expected or intended injury exclusion
professional services exclusion
business exclusion
corporal punishment exclusion
Give this one a try later!
professional services exclusion
