Property Insurance Exam Practice Test | Questions and Answers(A+ Solution guide)
The chance that a person or business entity will suffer a financial loss" defines: A.gambling B.loss exposure C.risk D.speculative risk - C "Actual physical destruction of insured property" defines A.direct loss B.indirect loss C.peril D.vandalism - A Loose tiles hanging from the ceiling are an example of a ______ hazard. A.mental B.moral C.morale D.physical - D Insurable interest in a Property Insurance policy must be demonstrated A.at time of a loss B.at time of application C.at time of first payment D.all of the above - A
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