IDAHO PERSONAL LINES SIMULATION EXAM
WITH CORRECT ACTUAL QUESTIONS AND
CORRECTLY WELL DEFINED ANSWERS
Play your way to mastery with fun games
Match Blocks Charms NEW
Terms in this set (221)
An insured condominium unit owner HO-6
wants to purchase fire and extended
coverage for personal property and
liability coverage for himself and his
family members. He should purchase
Which of the following best describes Up to $1,000 per occurrence Section II - Loss
the amount of loss assessment Assessment Coverage - applies to assessments
coverage included under a against the insured by a condominium association or
homeowners policy liability coverage other cooperative body of property owners.
section? Coverage is limited to $1,000, but an increased limit
1. Up to $2,500 per occurrence of coverage is available by endorsement.
2. Up to $10,000 aggregate for the
policy period
3. Up to $5,000 aggregate for the
policy period
4. Up to $1,000 per occurrence
,What insurance policy provision Other insurance
defines how the policy will respond if
there is more than one insurance
policy written on the same risk?
1. Primary and excess
2. Other insurance
3. Valid insurance
4. Nonconcurrency
On a DP-3 Dwelling Property Special The same as provided on the DP-2 Broad Form.
Form policy, the coverage provided
for personal property is
1. The same as provided on the DP-1
Basic Form.
2. The same as provided on the DP-2
Broad Form.
3. All risk.
4. Open peril
The part of a property policy that Declarations.
shows the amount of insurance, Who, what, when, where, and how much insurance
premium, and policy term is the and premium all are stated in the policy
1. Endorsements. Declarations.
2. Declarations.
3. Insuring clause.
4. Conditions.
Which of the following perils is Sudden and accidental rupture of a heating system
covered by the HO-2 and HO-3?
1. Loss due to power interruption that
occurs off the premises
2. Flood
3. War
4. Sudden and accidental rupture of a
heating system
, Which of the following property Coverage C
coverages would provide protection
to contents damaged by fire?
1. Coverage D
2. Coverage A
3. Coverage B
4. Coverage C
Where is the policy period stated? On the declarations page of the policy
1. On the definitions page of the
policy
2. On an endorsement attached to
the policy
3. On the declarations page of the
policy
4. On the conditions page of the
policy
All of the following are true regarding The limit of liability is the greater of the actual cash
physical damage coverage EXCEPT value of the vehicle at the time of loss or the amount
1. The policy will pay up to $20 per necessary to repair or replace the vehicle.
day up to a maximum of $600 for
rental transportation.
2. The insurer will pay for direct and
accidental loss to a covered auto
minus any applicable deductible.
3. The limit of liability is the greater of
the actual cash value of the vehicle at
the time of loss or the amount
necessary to repair or replace the
vehicle.
4. Losses to nonowned autos will be
covered the same as the broadest
coverage available for any covered
auto, except nonowned trailers are
limited to $1,500.
WITH CORRECT ACTUAL QUESTIONS AND
CORRECTLY WELL DEFINED ANSWERS
Play your way to mastery with fun games
Match Blocks Charms NEW
Terms in this set (221)
An insured condominium unit owner HO-6
wants to purchase fire and extended
coverage for personal property and
liability coverage for himself and his
family members. He should purchase
Which of the following best describes Up to $1,000 per occurrence Section II - Loss
the amount of loss assessment Assessment Coverage - applies to assessments
coverage included under a against the insured by a condominium association or
homeowners policy liability coverage other cooperative body of property owners.
section? Coverage is limited to $1,000, but an increased limit
1. Up to $2,500 per occurrence of coverage is available by endorsement.
2. Up to $10,000 aggregate for the
policy period
3. Up to $5,000 aggregate for the
policy period
4. Up to $1,000 per occurrence
,What insurance policy provision Other insurance
defines how the policy will respond if
there is more than one insurance
policy written on the same risk?
1. Primary and excess
2. Other insurance
3. Valid insurance
4. Nonconcurrency
On a DP-3 Dwelling Property Special The same as provided on the DP-2 Broad Form.
Form policy, the coverage provided
for personal property is
1. The same as provided on the DP-1
Basic Form.
2. The same as provided on the DP-2
Broad Form.
3. All risk.
4. Open peril
The part of a property policy that Declarations.
shows the amount of insurance, Who, what, when, where, and how much insurance
premium, and policy term is the and premium all are stated in the policy
1. Endorsements. Declarations.
2. Declarations.
3. Insuring clause.
4. Conditions.
Which of the following perils is Sudden and accidental rupture of a heating system
covered by the HO-2 and HO-3?
1. Loss due to power interruption that
occurs off the premises
2. Flood
3. War
4. Sudden and accidental rupture of a
heating system
, Which of the following property Coverage C
coverages would provide protection
to contents damaged by fire?
1. Coverage D
2. Coverage A
3. Coverage B
4. Coverage C
Where is the policy period stated? On the declarations page of the policy
1. On the definitions page of the
policy
2. On an endorsement attached to
the policy
3. On the declarations page of the
policy
4. On the conditions page of the
policy
All of the following are true regarding The limit of liability is the greater of the actual cash
physical damage coverage EXCEPT value of the vehicle at the time of loss or the amount
1. The policy will pay up to $20 per necessary to repair or replace the vehicle.
day up to a maximum of $600 for
rental transportation.
2. The insurer will pay for direct and
accidental loss to a covered auto
minus any applicable deductible.
3. The limit of liability is the greater of
the actual cash value of the vehicle at
the time of loss or the amount
necessary to repair or replace the
vehicle.
4. Losses to nonowned autos will be
covered the same as the broadest
coverage available for any covered
auto, except nonowned trailers are
limited to $1,500.
