Pearson VUE Property Insurance Exam Practice Test Bank | Verified Answers

Pearson Vue Property Insurance Exam
k k k k k




Practice Questions with Verified Answers
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2026\2027 update k




1. One of the following policies covers Mobile Homes:
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a. Dp-1
b. Dp-2
c. Dp-3
d. Ho-4
Answer Dp-1 k




2. On a dwelling policy, personal property would be covered at:
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a. ACV
b. Replacement Cost k




c. Not covered
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d. 80% of Value
k k




Answer ACV k




3. DP-1 would cover all of the following without endorsement except:
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1k/k18

,a. other structures
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b. personal property k




c. rental valuek




d. additional living expense k k




Answer additional living expense
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4. One of the following would be covered on a dwelling policy without an e
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ndorsement:


a. Theft
b. Earthquake
c. Personal Liability k




d. Mobile Home k




Answer Mobile Home k k




5. Coverage C on the dwelling policy would be:
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a. Personal property k




b. Other structures
k




c. rental valuek




d. dwelling
Answer Personal property
k k




6. Broadest coverage is found in:
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2k/k18

,a. Dp-1
b. Dp-2
c. Dp-3
d. None of these k k




Answer Dp-3 (Special is the broadest)
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7. One of the following does not provide dwelling coverage:
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a. ho-1
b.ho-
2 (Broad) c.ho-
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4 (Tenant)
k




d. ho-6 (Condo)
k k




Answerho-4 (tenant) k




8. When the insured is needed to help defend a claim, a homeowners policy w
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ould pay the insured daily for attending court:
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a.$25 b. k




$ 50 c.$
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75
d.$ 100 k




Answer$50




9. all of the following businesses are excluded on a business owners policy e
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3k/k18

, xcept:


a. retail store k k




b.garage c.liq k




uor store k




d.service station k




Answer retail store k k




10. Business risk coverage will cease for the following reasons except:
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a.builder sells property k k




b. day after construction is complete c.
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policy is cancelled k k




d. builder abandons and will not complete
k k k k k k




Answer day after construction is complete
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11. to purchase flood insurance you must live in:
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a. flood prone area b.
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proximity of water c. k k k




mobile home k




d.none of theses k k




Answer flood prone area k k k




12. who pays the claims for flood insurance:
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4k/k18