AINS 102: Understanding Personal Insurance Exam 100% Correct Questions & Answers Latest Update

AINS 102: Understanding Personal Insurance Exam 100% Correct Questions & Answers
Latest Update


AINS 102: Understanding Personal Insurance
Exam 100% Correct Questions & Answers Latest
Update


Correct

Incorrect




AINS 102: Understanding Personal Insurance Exam 100% Correct Questions & Answers
Latest Update

,AINS 102: Understanding Personal Insurance Exam 100% Correct Questions & Answers
Latest Update

Special form coverage Primary coverage


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Definition



A payment awarded by a court to reimburse a victim for actual harm.



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Compensatory damages Consequential damages




Liquidated damages Special damages


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3 of 62

Definition



An alternative dispute resolution (ADR) method by which disputing
parties use a neutral outside party to examine the issues and develop a
AINS 102: Understanding Personal Insurance Exam 100% Correct Questions & Answers
Latest Update

,AINS 102: Understanding Personal Insurance Exam 100% Correct Questions & Answers
Latest Update

settlement, which can be final and binding.



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AINS 102: Understanding Personal Insurance Exam 100% Correct Questions & Answers
Latest Update

, AINS 102: Understanding Personal Insurance Exam 100% Correct Questions & Answers
Latest Update

Negotiation Appraisal




Mediation Arbitration


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4 of 62

Definition



Property not specifically listed (scheduled) on a policy but generally
covered with a single limit for all items (or each class) of property that
are not excluded.



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Scheduled property Unscheduled property




Named insured Personal property


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AINS 102: Understanding Personal Insurance Exam 100% Correct Questions & Answers
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