OTL PRACTICE 5 QUESTIONS WITH
COMPLETE ANSWERS SCORED A+
1 of 76
Term
An insured drives his car into the side of his house by accident.
which policy will pay for the damage to the house?
third party liability on auto policy
liability coverage on homeowner policy
sec. 1 of the comprehensive homeowner policy
none of the above
Give this one a try later!
, b) the insurer, subject to proper c) sec. 1 of the
notice comprehensive homeowner
policy
has someone else's property in
his possession for repairs c) explosion and lightning damage
Don't know?
2 of 76
Term
The roof of a townhouse condo is damaged by an insured peril. but
the building policy does not contain sufficient insurance to pay for
the complete loss. to cover such situation, an insured should have
a) additional living expense coverage
b) off premise coverage
c) extended liability coverage
d) unit additional protection coverage
Give this one a try later!
d)furniture, fittings, tools and
D- none of the above general contents expect stock
details d) unit additional protection
a loss and the resulting claim
coverage
Don't know?
, 3 of 76
Term
The OAP 1 owners policy liability coverage is
Give this one a try later!
secondary coverage garagekeepers coverage
optional coverage primary coverage
Don't know?
4 of 76
Term
under a comprehensive homeowner's policy, special limits of
insurance apply to jewellery and coin collections
a) for all losses
b) if loss or damage was caused by a fire
c) if loss or damage is caused by a specified peril
d) for theft losses
Give this one a try later!
, a) is often subject to
b)garage and shed many exclusions
the least of the above three options d) for theft losses
Don't know?
5 of 76
Term
Which of the following is not part of the insuring agreement
a) insured perils
b) premium
c) exclusions
d) description of property insured
Give this one a try later!
The premium a) 30 days
b- premiums b) burglary
Don't know?
6 of 76
COMPLETE ANSWERS SCORED A+
1 of 76
Term
An insured drives his car into the side of his house by accident.
which policy will pay for the damage to the house?
third party liability on auto policy
liability coverage on homeowner policy
sec. 1 of the comprehensive homeowner policy
none of the above
Give this one a try later!
, b) the insurer, subject to proper c) sec. 1 of the
notice comprehensive homeowner
policy
has someone else's property in
his possession for repairs c) explosion and lightning damage
Don't know?
2 of 76
Term
The roof of a townhouse condo is damaged by an insured peril. but
the building policy does not contain sufficient insurance to pay for
the complete loss. to cover such situation, an insured should have
a) additional living expense coverage
b) off premise coverage
c) extended liability coverage
d) unit additional protection coverage
Give this one a try later!
d)furniture, fittings, tools and
D- none of the above general contents expect stock
details d) unit additional protection
a loss and the resulting claim
coverage
Don't know?
, 3 of 76
Term
The OAP 1 owners policy liability coverage is
Give this one a try later!
secondary coverage garagekeepers coverage
optional coverage primary coverage
Don't know?
4 of 76
Term
under a comprehensive homeowner's policy, special limits of
insurance apply to jewellery and coin collections
a) for all losses
b) if loss or damage was caused by a fire
c) if loss or damage is caused by a specified peril
d) for theft losses
Give this one a try later!
, a) is often subject to
b)garage and shed many exclusions
the least of the above three options d) for theft losses
Don't know?
5 of 76
Term
Which of the following is not part of the insuring agreement
a) insured perils
b) premium
c) exclusions
d) description of property insured
Give this one a try later!
The premium a) 30 days
b- premiums b) burglary
Don't know?
6 of 76
