PSI Practice Property and Casualty Exam fully
solved & updated 2026(latest version verified for
accuracy)
Save
Terms in this set (75)
Which of the following represents 3. Coverage C
the primary amount of insurance for
the HO-4?
The claims-made liability form Retroactive date
provides coverage from a date that
precedes the policy effective date.
Which of the following defines that
date?
If the insured has a loss with a private The broadest coverage available extends from the
passenger nonowned temporary insured's policy.
substitute vehicle how will the loss
be treated by the insured's own
policy for physical damage?
,Mobile homes can be insured in all 1. with a HO-8 Modified Coverage form.
of the following ways EXCEPT
1. with a HO-8 Modified Coverage
form.
2. on a separate mobile homeowners
package policy.
3. with a DP-1 if the mobile home is
on a foundation.
4. on a mobile homeowners
endorsement to a HO-3 form.
Which policy condition is invoked Arbitration
when parties to an insured loss
cannot agree?
Which of the following is the special $1,500
limit of coverage on the
homeowners policy form for
property damage to personal
watercraft?
An injured employee covered under Vocational rehabilitation
workers' compensation is entitled to
reasonably justifiable expenses for
retraining. This benefit falls under
which of the following?
The Causes of Loss form for farm 3. perils property is insured against
property lists which of the following?
1. the type of property insured
2. the amount of insurance provided
3. perils property is insured against
4. exclusions to named insureds
, Which of the following created The the United States Congress
National Flood Insurance Program?
Exclusions common to liability 4. for liability arising while the insured auto is being
coverage for both the personal auto used in an auto business.
policy and the business auto policy
include all of the following EXCEPT
1. work related injuries to insured's
employees.
2. vehicles used in prearranged
racing or speed contests.
3. for bodily injury or property
damage caused intentionally by the
insured.
4. for liability arising while the
insured auto is being used in an auto
business.
Which of the following makes use of Property is evaluated for what it sells for at the time
market value in determining loss of the loss.
valuation?
Homeowner Form HO-2 provides $2,500
coverage for loss of appliances,
carpeting, and other household
furnishings for a maximum of how
much?
Workers' compensation coverage is Employer's payroll
rated on the basis of which of the
following?
solved & updated 2026(latest version verified for
accuracy)
Save
Terms in this set (75)
Which of the following represents 3. Coverage C
the primary amount of insurance for
the HO-4?
The claims-made liability form Retroactive date
provides coverage from a date that
precedes the policy effective date.
Which of the following defines that
date?
If the insured has a loss with a private The broadest coverage available extends from the
passenger nonowned temporary insured's policy.
substitute vehicle how will the loss
be treated by the insured's own
policy for physical damage?
,Mobile homes can be insured in all 1. with a HO-8 Modified Coverage form.
of the following ways EXCEPT
1. with a HO-8 Modified Coverage
form.
2. on a separate mobile homeowners
package policy.
3. with a DP-1 if the mobile home is
on a foundation.
4. on a mobile homeowners
endorsement to a HO-3 form.
Which policy condition is invoked Arbitration
when parties to an insured loss
cannot agree?
Which of the following is the special $1,500
limit of coverage on the
homeowners policy form for
property damage to personal
watercraft?
An injured employee covered under Vocational rehabilitation
workers' compensation is entitled to
reasonably justifiable expenses for
retraining. This benefit falls under
which of the following?
The Causes of Loss form for farm 3. perils property is insured against
property lists which of the following?
1. the type of property insured
2. the amount of insurance provided
3. perils property is insured against
4. exclusions to named insureds
, Which of the following created The the United States Congress
National Flood Insurance Program?
Exclusions common to liability 4. for liability arising while the insured auto is being
coverage for both the personal auto used in an auto business.
policy and the business auto policy
include all of the following EXCEPT
1. work related injuries to insured's
employees.
2. vehicles used in prearranged
racing or speed contests.
3. for bodily injury or property
damage caused intentionally by the
insured.
4. for liability arising while the
insured auto is being used in an auto
business.
Which of the following makes use of Property is evaluated for what it sells for at the time
market value in determining loss of the loss.
valuation?
Homeowner Form HO-2 provides $2,500
coverage for loss of appliances,
carpeting, and other household
furnishings for a maximum of how
much?
Workers' compensation coverage is Employer's payroll
rated on the basis of which of the
following?
