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EXAM FX INSURANCE PRACTICE EXAM QUESTIONS WITH 100% CORRECT ANSWERS|100% verified

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EXAM FX INSURANCE PRACTICE EXAM QUESTIONS WITH 100% CORRECT ANSWERS The causes of loss insured against in an insurance policy are known as CORRECT ANSWER Perils Before an insurer will pay any loss under a policy, what is usually required from the insured? CORRECT ANSWER Proof of loss An insured works outside the home. The insured's sister lives with him and cares for his four children. When the insured's home is severely damaged by fire, the family moves into an apartment while repairs are being made. The largest apartment available in the area has two bedrooms, so the insured's sister has to stay at a motel. How much will the HO-3 form pay for these additional living expense? CORRECT ANSWER All of the expense up to the Coverage D limit All of the following statements concerning coinsurance are true EXCEPT CORRECT ANSWER The coinsurance formula will also be applied to total losses. What insurance policy provision defines how the policy will respond if there is more than one insurance policy written on the same risk? CORRECT ANSWER Other insurance

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Uploaded on
July 9, 2024
Number of pages
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