PSI Practice Property and Casualty Exam || Most Recent Exam
2025|2026 Actual Complete Real Exam Questions And Correct
Answers (Verified Answers) Already Graded A+ | Newest Exam
| Just Released!!
Which of the following would be covered by a commercial
package policy?
1. small to medium sized
businesses
2. ocean
marine
3. loss due to
crime
4. injury to worker on the job - ANSWER-3. loss
due to crime
The property coverage of a BOP includes which of the
following?
1. motor vehicles
2. outdoor fencing
3. outdoor signs that are not attached to the building
,4. carpeting that is permanently installed inside the building -
ANSWER-4. carpeting that is permanently installed inside the
building
When an insured selects Symbol 2 on the automobile
declarations, indicating coverage for any auto titled to the
insured, which of the following automobile types will be
covered? - ANSWER-owned autos only
When the policy term ends and either the insured or the
insurance company
wants to discontinue coverage which provision is
applied? - ANSWER-
nonrenewal
A DP-2 policy covers all of the following EXCEPT
1. damage to awnings from weight of snow.
2. damage to property caused by burglars.
3. freezing of automatic fire sprinkler systems.
4. accidental discharge of steam from a plumbing system. -
ANSWER-1.
damage to awnings from weight of snow.
Punitive damages are intended to do all of the following
EXCEPT
1. compensate for actual financial losses.
2. discourage others from doing wrong.
, 3. discipline the insured.
4. make an example of bad behavior. - ANSWER-1. compensate
for actual financial losses.
A cable company uses employees to install equipment in
customers' homes. The company purchases a bond from an
insurance company to protect itself from potential dishonest
acts of the employees. Which of the following types of bond
does the cable company purchase? - ANSWER-Fidelity bond
The insured carries uninsured motorist coverage limits of
100/300/100 and is
struck by an uninsured motorist, who will pay insured's bodily
injury damages
claimed for $100,000? - ANSWER-the insured's
insurance company
How does the BOP differ from the CPP? - ANSWER-The BOP
prepackages a
group of coverages desirable to small
businesses.
Which of the following professionals would purchase Errors
And Omissions
insurance to manage the liability risk associated with their
business endeavors?
1. attorney
2. caregiver
2025|2026 Actual Complete Real Exam Questions And Correct
Answers (Verified Answers) Already Graded A+ | Newest Exam
| Just Released!!
Which of the following would be covered by a commercial
package policy?
1. small to medium sized
businesses
2. ocean
marine
3. loss due to
crime
4. injury to worker on the job - ANSWER-3. loss
due to crime
The property coverage of a BOP includes which of the
following?
1. motor vehicles
2. outdoor fencing
3. outdoor signs that are not attached to the building
,4. carpeting that is permanently installed inside the building -
ANSWER-4. carpeting that is permanently installed inside the
building
When an insured selects Symbol 2 on the automobile
declarations, indicating coverage for any auto titled to the
insured, which of the following automobile types will be
covered? - ANSWER-owned autos only
When the policy term ends and either the insured or the
insurance company
wants to discontinue coverage which provision is
applied? - ANSWER-
nonrenewal
A DP-2 policy covers all of the following EXCEPT
1. damage to awnings from weight of snow.
2. damage to property caused by burglars.
3. freezing of automatic fire sprinkler systems.
4. accidental discharge of steam from a plumbing system. -
ANSWER-1.
damage to awnings from weight of snow.
Punitive damages are intended to do all of the following
EXCEPT
1. compensate for actual financial losses.
2. discourage others from doing wrong.
, 3. discipline the insured.
4. make an example of bad behavior. - ANSWER-1. compensate
for actual financial losses.
A cable company uses employees to install equipment in
customers' homes. The company purchases a bond from an
insurance company to protect itself from potential dishonest
acts of the employees. Which of the following types of bond
does the cable company purchase? - ANSWER-Fidelity bond
The insured carries uninsured motorist coverage limits of
100/300/100 and is
struck by an uninsured motorist, who will pay insured's bodily
injury damages
claimed for $100,000? - ANSWER-the insured's
insurance company
How does the BOP differ from the CPP? - ANSWER-The BOP
prepackages a
group of coverages desirable to small
businesses.
Which of the following professionals would purchase Errors
And Omissions
insurance to manage the liability risk associated with their
business endeavors?
1. attorney
2. caregiver
