AINS 102 Practice Exam Questions & Answers 100% Verified
AINS 102 Practice Exam Questions &
Answers 100% Verified
Correct
Incorrect
1 of 50
Jack and Linda are meeting with their insurance agent to review their
homeowners and auto policies. The agent has suggested that they add
an umbrella policy. Which one of the following is the best reason the
agent will likely provide for purchasing this coverage?
AINS 102 Practice Exam Questions & Answers 100% Verified
, AINS 102 Practice Exam Questions & Answers 100% Verified
A. To provide increased limits B. Property not adequately covered
for large jury awards by the homeowners policy.
C. They generally provide special
C. Will pay nothing. form (open perils) coverage on a
worldwide basis.
Don't know?
2 of 50
Term
Ray travels extensively, plays in a traveling orchestra, and dresses with
expensive clothes and jewelry. His insurance agent is asking him to
consider an inland marine policy to handle some of these loss
exposures. Ray will find that inland marine floaters typically share
which one of the following characteristics?
C. They generally provide
B. Property not adequately covered
special form (open perils)
by the homeowners policy.
coverage on a worldwide basis.
D. Lightning damage to a tree is an B. Most no-fault laws apply only to
example of a real property loss bodily injury and not to property
exposure. damage.
AINS 102 Practice Exam Questions & Answers 100% Verified
, AINS 102 Practice Exam Questions & Answers 100% Verified
Don't know?
AINS 102 Practice Exam Questions & Answers 100% Verified
, AINS 102 Practice Exam Questions & Answers 100% Verified
3 of 50
Term
Under the uninsured motorists (UM) coverage in the Personal Auto
Policy (PAP), the insurer agrees to pay compensatory damages that the
insured is legally entitled to recover from the owner or operator of an
uninsured motor vehicle. These damages include all of the following,
EXCEPT:
C. Punitive damages А. Compensatory damages
D. Nominal damages A. Liquidated damages
Don't know?
4 of 50
Term
Coverage A—Dwelling of an HO-3 policy applies to which one of the
following?
Give this one a try later!
AINS 102 Practice Exam Questions & Answers 100% Verified
AINS 102 Practice Exam Questions &
Answers 100% Verified
Correct
Incorrect
1 of 50
Jack and Linda are meeting with their insurance agent to review their
homeowners and auto policies. The agent has suggested that they add
an umbrella policy. Which one of the following is the best reason the
agent will likely provide for purchasing this coverage?
AINS 102 Practice Exam Questions & Answers 100% Verified
, AINS 102 Practice Exam Questions & Answers 100% Verified
A. To provide increased limits B. Property not adequately covered
for large jury awards by the homeowners policy.
C. They generally provide special
C. Will pay nothing. form (open perils) coverage on a
worldwide basis.
Don't know?
2 of 50
Term
Ray travels extensively, plays in a traveling orchestra, and dresses with
expensive clothes and jewelry. His insurance agent is asking him to
consider an inland marine policy to handle some of these loss
exposures. Ray will find that inland marine floaters typically share
which one of the following characteristics?
C. They generally provide
B. Property not adequately covered
special form (open perils)
by the homeowners policy.
coverage on a worldwide basis.
D. Lightning damage to a tree is an B. Most no-fault laws apply only to
example of a real property loss bodily injury and not to property
exposure. damage.
AINS 102 Practice Exam Questions & Answers 100% Verified
, AINS 102 Practice Exam Questions & Answers 100% Verified
Don't know?
AINS 102 Practice Exam Questions & Answers 100% Verified
, AINS 102 Practice Exam Questions & Answers 100% Verified
3 of 50
Term
Under the uninsured motorists (UM) coverage in the Personal Auto
Policy (PAP), the insurer agrees to pay compensatory damages that the
insured is legally entitled to recover from the owner or operator of an
uninsured motor vehicle. These damages include all of the following,
EXCEPT:
C. Punitive damages А. Compensatory damages
D. Nominal damages A. Liquidated damages
Don't know?
4 of 50
Term
Coverage A—Dwelling of an HO-3 policy applies to which one of the
following?
Give this one a try later!
AINS 102 Practice Exam Questions & Answers 100% Verified
