VA PROPERTY & CASUALTY INSURANCE EXAM. LATEST 2025 ACTUAL EXAM WITH VERIFIED QUESTIONS AND ANSWERS. GENUINE LATEST UPDATE.

VA PROPERTY & CASUALTY INSURANCE EXAM. LATEST 2025 ACTUAL EXAM WITH VERIFIED QUESTIONS AND ANSWERS. GENUINE LATEST UPDATE. A business using its own trucks to move its own cargo would insure the cargo using... A. Motor carrier form B. Trip transit coverage C. Motor truck cargo - owners form D. Motor truck cargo - truckers form - CORRECT ANS>>C The extra expense coverage form provides... A. Extra money for an insured whose accounts receivable records have been damaged B. Additional money to pay for property damage losses at a covered location C. Payment for unforeseen expenses an insured may incur while the business is shut down following a property damage loss D. Coverage that will permit the insured to continue in business without interruption following a property damage loss - CORRECT ANS>>D Under the HO4 and HO6 homeowners’ policy forms, property is insured against... A. Special form perils B. Comprehensive form perils C. Broad form perils D. Basic form perils - CORRECT ANS>>C Dwelling policy Coverage C - Personal Property will cover all of the following EXCEPT A. Computer software B. Canoes C. Animals and birds D. Hobby aircrafts - CORRECT ANS>>C The most the insurer will pay for a loss under a business owners policy is... A. 80% of the loss B. 20% of the loss C. The limit of insurance after the deductible is paid D. The amount of the loss minus the deductible - CORRECT ANS>>C Under the provisions of the business income coverage form, all of the following are true EXCEPT... A. The insured is reimbursed for payroll that continues after the loss begins B. The insured is reimbursed for the loss from the date of loss to date of restoration or policy expiration date, whichever comes first C. If the insured and insurer are unable to come to agreements as to the value of the loss, either party may make a written demand for an appraisal D. The insured agrees to resume all of part of operations as quickly as possible - CORRECT ANS>>B A grave marker was damaged by vandals. It would cost $3000 to have the damage repaired. Under these circumstances, how much would a homeowners policy pay? A. $1000 B. $3000 C. $0 D. $500 - CORRECT ANS>>B Under the Commercial Property Coverage program, the Basic Causes of Loss form insures against loss caused by... A. Power failure off the premises B. Sprinkler leakage C. Earth movement D. Nuclear hazard - CORRECT ANS>>B In a commercial package policy, who may cancel the policy in writing and make changes to the policy with the consent of the insurer? A. Beneficiary B. Insurer C. First named insured D. Last named insured - CORRECT ANS>>C Uncle Billy's Burger Bar was forced to close for 10 days in August when the power company's transformer was destroyed by lightning, and Uncle Billy was without electricity. Which of the following endorsements could be added to Billy's business owners’ policy that would provide protection against loss of income from such events? A. Utility services - time element endorsement B. Utility services - direct damage endorsement C. Personal injury endorsement D. Protective safeguard endorsement - CORRECT ANS>>A Individuals in the business of selling construction equipment and mobile equipment should insure with... A. A contractor's equipment floater B. An installation floater C. A PFF D. Equipment dealers coverage form - CORRECT ANS>>D How long is the waiting period after the application has been accepted before flood coverage goes into effect? A. 30 days B. 6 months C. 12:01 am on the next day D. 5 days - CORRECT ANS>>A An individual's construction company leaves mobile e