MO Property and Casualty Exam | 70 Questions with 100% Correct Answers | Updated & Verified

Which of the following personal auto coverages would pay for the insured's travel expenses and loss of earnings while involved in the settlement process of a covered loss? - ANS - Liability coverage What are the two types of compensatory damages? - ANS - Special and general Which part of an insurance policy covers claims-related expenses, reasonable expenses incurred by an insured to protect damaged property from further loss, or defense expenses? - ANS - Additional coverage Which of the following policies will help an auto dealership cover most of its liability exposures? - ANS - A garage liability coverage Under the commercial property coverage program, the basic causes of loss form insures against loss caused by... - ANS - Sprinkler leakage The businessowners policy liability coverage will pay for necessary medical expenses of others incurred within what max time period? - ANS - 1 year The insured with a claims-made commercial general liability (CGL) policy may request in writing claim and occurrence information from the insurer at any time up to 60 days after the policy period ends. The insurer must provide the information... - ANS - Within 45 days In the personal auto policy, owned trailers being towed by an insured auto are automatically covered for - ANS - Uninsured motorist coverage, bodily injury, and property damage A basic dwelling policy automatically provides coverage against fire, lightning, and - ANS - Internal explosion