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AD BANKER comprehensive Questions with
Detailed Verified Answers
If glass that is part of an insured dwelling is broken, a Special
Form Homeowners policy will cover the loss under all of the
following circumstances, except:
⼀Answer:⼀ A falling tree is the cause of loss
B
The dwelling has been unoccupied for 90 consecutive days
C
!!!!!The dwelling has been vacant for 70 consecutive days!!!!!!
D
An earthquake is the proximate cause of loss
Tenants of mobile homes may obtain insurance on which form?
⼀Answer:⼀ Modified Coverage Form (HO-8) Homeowners policy,
with the Mobile Home Endorsement
L and S own and occupy a single-family home that they insure on
a Special Form Homeowners policy. If the policy includes no
endorsements, L and S may have up to how many roomers or
boarders and still maintain their eligibility for Homeowners
insurance?
⼀Answer:⼀ Two
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Which of the following coverages is not provided by the Personal
Liability Supplement?
⼀Answer:⼀ A
First aid expenses
B (CORRECT)
!!!!!Medical payments to a regular resident of the dwelling who sustains
an injury!!!!!
C
Defense costs
D
Medical payments to an injured residence employee
Under the Equipment Breakdown Protection Coverage Form,
covered equipment owned by a public utility that is used to supply
utility services to the insured's premises is covered up to what limit
of insurance?
⼀Answer:⼀ $1
Which of the party may assign a standard property policy?
⼀Answer:⼀ The insured with prior written permission of the insurer
Under the Businessowners Coverage Form, which of the following
statements about the policy deductible is correct?
⼀Answer:⼀ The standard deductible is a flat deductible of $500
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Which statement about watercraft coverage provided by a
Homeowners policy is correct?
⼀Answer:⼀ A $1,500 special limit applies to watercraft damaged
by a covered peril
The general aggregate limit of a Commercial General Liability
policy may be subject to sublimits for all of the following losses,
except:
⼀Answer:⼀ A (CORRECT)
!!!!!A claim payable after the insured's faulty completed operations
damages a customer's home!!!!!
B
Necessary medical and surgical costs paid to one customer injured due
to the insured's operations
C
A claim payable after the insured is found responsible for fire
damage to a premises the insured rents
D
A claim payable after the insured libels a competitor in a print
advertisement
Which of the following methods of writing insurance is used to
provide insurance on properties at different locations, using a
single policy, and a single limit of insurance?
⼀Answer:⼀ Blanket
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The DP-3 would exclude coverage for partial damage to the
dwelling resulting from all of the following perils, except:
⼀Answer:⼀ A
Deterioration
B
Termite infestation
C
Settling foundation
D (CORRECT)
!!!!!Falling objects!!!!!
Unlike the Broad Form, the Special Form (HO-3) does which of the
following?
⼀Answer:⼀ Insures the dwelling and other structures on an open
perils basis
Flood is a specified cause of loss under which section of the
Garage Coverage Form?
⼀Answer:⼀ Section IV
The purpose of Part Two - Employers Liability Insurance of a
Workers' Compensation policy is to:
⼀Answer:⼀ Handle suits against the employer for damages arising
from an injury to an employee when those damages are not covered
by Workers' Compensation
AD BANKER comprehensive Questions with
Detailed Verified Answers
If glass that is part of an insured dwelling is broken, a Special
Form Homeowners policy will cover the loss under all of the
following circumstances, except:
⼀Answer:⼀ A falling tree is the cause of loss
B
The dwelling has been unoccupied for 90 consecutive days
C
!!!!!The dwelling has been vacant for 70 consecutive days!!!!!!
D
An earthquake is the proximate cause of loss
Tenants of mobile homes may obtain insurance on which form?
⼀Answer:⼀ Modified Coverage Form (HO-8) Homeowners policy,
with the Mobile Home Endorsement
L and S own and occupy a single-family home that they insure on
a Special Form Homeowners policy. If the policy includes no
endorsements, L and S may have up to how many roomers or
boarders and still maintain their eligibility for Homeowners
insurance?
⼀Answer:⼀ Two
, Page | 2
Which of the following coverages is not provided by the Personal
Liability Supplement?
⼀Answer:⼀ A
First aid expenses
B (CORRECT)
!!!!!Medical payments to a regular resident of the dwelling who sustains
an injury!!!!!
C
Defense costs
D
Medical payments to an injured residence employee
Under the Equipment Breakdown Protection Coverage Form,
covered equipment owned by a public utility that is used to supply
utility services to the insured's premises is covered up to what limit
of insurance?
⼀Answer:⼀ $1
Which of the party may assign a standard property policy?
⼀Answer:⼀ The insured with prior written permission of the insurer
Under the Businessowners Coverage Form, which of the following
statements about the policy deductible is correct?
⼀Answer:⼀ The standard deductible is a flat deductible of $500
, Page | 3
Which statement about watercraft coverage provided by a
Homeowners policy is correct?
⼀Answer:⼀ A $1,500 special limit applies to watercraft damaged
by a covered peril
The general aggregate limit of a Commercial General Liability
policy may be subject to sublimits for all of the following losses,
except:
⼀Answer:⼀ A (CORRECT)
!!!!!A claim payable after the insured's faulty completed operations
damages a customer's home!!!!!
B
Necessary medical and surgical costs paid to one customer injured due
to the insured's operations
C
A claim payable after the insured is found responsible for fire
damage to a premises the insured rents
D
A claim payable after the insured libels a competitor in a print
advertisement
Which of the following methods of writing insurance is used to
provide insurance on properties at different locations, using a
single policy, and a single limit of insurance?
⼀Answer:⼀ Blanket
, Page | 4
The DP-3 would exclude coverage for partial damage to the
dwelling resulting from all of the following perils, except:
⼀Answer:⼀ A
Deterioration
B
Termite infestation
C
Settling foundation
D (CORRECT)
!!!!!Falling objects!!!!!
Unlike the Broad Form, the Special Form (HO-3) does which of the
following?
⼀Answer:⼀ Insures the dwelling and other structures on an open
perils basis
Flood is a specified cause of loss under which section of the
Garage Coverage Form?
⼀Answer:⼀ Section IV
The purpose of Part Two - Employers Liability Insurance of a
Workers' Compensation policy is to:
⼀Answer:⼀ Handle suits against the employer for damages arising
from an injury to an employee when those damages are not covered
by Workers' Compensation
