Property and Casualty – Kentucky Exam |
17 Questions and Answers
Replacement Cost Coverage formula - -Insurance carried / insurance
required x amount of loss = amount of reimbursement.
- Coverage A - Dwelling - -Covers attached structures such as a garage
- Coverage B - Other Structures - -Covers unattached structures (not used
for farming or commercial purposes)
- Coverage C - Personal Property - -Covers personal property BESIDES
money, boats, animals, and motor vehicles
- Coverage D - Fair Rental Value - -Covers property lost to dwelling or other
structure that makes it unlivable, and insured can not collect rent. 10% of
insurance on dwelling is available for this.
- Perils insured against on basic form - -Fire, lightning, and internal
explosions
- EC endorsements - -Rev C Shaw V. Explosions and Smoke
- Basic dwelling form Other Coverages: - -Debris removal, property
removed, reasonable repairs,fire department service charge
- Homeowners policy - -a multiline policy because it provides property and
liability insurance in a single policy;
property coverage varies in each form
liability coverage is the same in each form
- Homeowners is more _______ than dwelling - -Strict
- Part D - -coverage for damage to your auto - physical damage coverage
- Part C - -Uninsured Motorists Coverage
- Part B - -Medical Payments Coverage to you and those in your auto
- Part A - -Liability coverage
- Liability Coverage (Part A) covers what - -Damages for BI or PD that an
insured be some legally responsible for because of an auto accident
17 Questions and Answers
Replacement Cost Coverage formula - -Insurance carried / insurance
required x amount of loss = amount of reimbursement.
- Coverage A - Dwelling - -Covers attached structures such as a garage
- Coverage B - Other Structures - -Covers unattached structures (not used
for farming or commercial purposes)
- Coverage C - Personal Property - -Covers personal property BESIDES
money, boats, animals, and motor vehicles
- Coverage D - Fair Rental Value - -Covers property lost to dwelling or other
structure that makes it unlivable, and insured can not collect rent. 10% of
insurance on dwelling is available for this.
- Perils insured against on basic form - -Fire, lightning, and internal
explosions
- EC endorsements - -Rev C Shaw V. Explosions and Smoke
- Basic dwelling form Other Coverages: - -Debris removal, property
removed, reasonable repairs,fire department service charge
- Homeowners policy - -a multiline policy because it provides property and
liability insurance in a single policy;
property coverage varies in each form
liability coverage is the same in each form
- Homeowners is more _______ than dwelling - -Strict
- Part D - -coverage for damage to your auto - physical damage coverage
- Part C - -Uninsured Motorists Coverage
- Part B - -Medical Payments Coverage to you and those in your auto
- Part A - -Liability coverage
- Liability Coverage (Part A) covers what - -Damages for BI or PD that an
insured be some legally responsible for because of an auto accident
