Property and Casualty Insurance Licensing Exam with 100% correct answers 2024

Property and Casualty Insurance Licensing Exam To prevent recovery beyond the amount of the insured's actual loss, the policy will contain: - correct answer An Other Insurance Clause Collision coverage of an auto policy covers: a) road damage to the tires b) upset of the vehicle c) frozen engine block d) falling objects - correct answer B) upset of the vehicle The maximum amount of payable for all losses resulting from one event is known as the: a) occurrence limit b) aggregate limit - correct answer a) occurrence limit Which of the following is a cause of loss form? a) declarations form b) proof of loss form c) garage keepers' form d) basic form - correct answer d) Basic form The minimum flood deductible is: a) $100 b) $250 c) $500 d) $1000 - correct answer c) $500