PSI PRACTICE QUESTIONS PROPERTY
CASUALTY WITH COMPLETE ANSWERS
An cvvinsured cvvoperates cvva cvvauto cvvrepair cvvshop cvvand cvvhas cvva cvvgarage
cvvcoverage cvvform cvvwith cvvgaragekeepers cvvinsurance cvvwhen cvvan cvvemployee cvvon
cvva cvvtest cvvdrive cvvwith cvva cvvcustomer's cvvcar cvvis cvvinvolved cvvin cvva cvvcrash. cvvHow
cvvwill cvvthe cvvcustomer's cvvcar cvvbe cvvcovered cvvby cvvthe cvvinsured's cvvpolicy? cvv-
cvvAnswerThe cvvcustomer's cvvcar cvvis cvvcovered cvvfor cvvany cvvphysical cvvdamage
cvvwhile cvvin cvvthe cvvcustody cvvof cvvthe cvvinsured.
Liability cvvarising cvvout cvvof cvvany cvvof cvvthe cvvfollowing cvvis cvvexcluded cvvfrom cvvthe
cvvpersonal cvvand cvvadvertising cvvinjury cvvliability cvvcoverage cvvEXCEPT cvv-
cvvAnswerunknowingly cvvinflicting cvvinjury cvvthat cvvviolates cvvthe cvvrights cvvof cvvanother.
A cvvbank cvvcustomer's cvvidentity cvvwas cvvcompromised cvvand cvvthe cvvthieves cvvmade
cvvnumerous cvvpurchases cvvfrom cvva cvvretailer cvvby cvvsigning cvvthe cvvcustomer's
cvvchecks. cvvWhen cvvthe cvvbank cvvrefused cvvto cvvmake cvvpayment cvvfor cvvthe cvvgoods,
cvvthe cvvretailer cvvbrought cvvsuit cvvagainst cvvthe cvvbank. cvvWhich cvvcoverage
cvvindemnified cvvthe cvvbank cvvfor cvvliability cvvin cvvthe cvvsuit? cvv- cvvAnswerforgery cvvand
cvvalteration
Workers' cvvcompensation cvvcoverage cvvis cvvrated cvvon cvvthe cvvbasis cvvof cvvwhich cvvof
cvvthe cvvfollowing? cvv- cvvAnsweremployer's cvvpayroll
Which cvvof cvvthe cvvfollowing cvvis cvvthe cvvparty cvvwho cvvagrees cvvto cvvbe cvvresponsible
cvvfor cvvloss cvvin cvvthe cvvcase cvvof cvva cvvfidelity cvvbond? cvv- cvvAnswerthe cvvsurety
The cvvinsured cvvcarries cvvunderinsured cvvmotorists cvvcoverage cvvlimits cvvof
cvv250/500/250 cvvon cvvhis cvvautomobile cvvpolicy cvvand cvvhis cvvvehicle cvvis cvvstruck cvvby
cvvan cvvat cvvfault cvvmotorist cvvwho cvvinsures cvvwith cvvthe cvvState cvvminimum cvvfor
cvvliability cvvof cvv20/40/10. cvvIf cvvthe cvvinsured cvvbrings cvvsuit cvvfor cvvbodily cvvinjury
cvvdamages cvvto cvvhimself cvvof cvv$500,000, cvvhow cvvmuch cvvwill cvvhe cvvrecover cvvfrom
cvvat cvvfault cvvdriver's cvvpolicy? cvv- cvvAnswer$20k
Under cvvthe cvvcommercial cvvgeneral cvvliability cvvwhich cvvone cvvof cvvthe cvvfollowing cvvis
cvvcovered cvvunder cvvsupplementary cvvpayments? cvv- cvvAnswercost cvvof cvvbail cvvbonds
, When cvvthe cvvinsured's cvvchild cvvspills cvvred cvvjuice cvvon cvvthe cvvcarpet cvvof cvvinsured's
cvvcovered cvvautomobile, cvvwhich cvvof cvvthe cvvfollowing cvvcoverages cvvwill cvvapply? cvv-
cvvAnswercomprehensive
Which cvvof cvvthe cvvfollowing cvvbest cvvdescribes cvvthe cvvcommercial cvvgeneral
cvvliability?s cvvgeneral cvvaggregate cvvannual cvvlimit cvvas cvvit cvvapplies cvvto cvvthe
cvvcoverage cvvparts cvvof cvvthe cvvCGL? cvv- cvvAnswerCoverage cvvA, cvvB, cvvand cvvC
cvvapply cvvin cvvsum cvvand cvvare cvvthe cvvmost cvvthat cvvwill cvvbe cvvpaid cvvsubject cvvto
cvvthe cvvgeneral cvvaggregate cvvannual cvvlimit.
Under cvvliability cvvcoverage cvvwhich cvvof cvvthe cvvfollowing cvvwill cvvtrigger cvvcoverage
cvvfor cvvproperty cvvdamage? cvv- cvvAnswerunintended cvvdamage cvvto cvvtangible
cvvproperty cvvof cvvothers
All cvvof cvvthe cvvfollowing cvvare cvvexclusions cvvare cvvfound cvvunder cvvthe cvvpersonal
cvvauto cvvpolicy cvvPart cvvA cvvliability cvvcoverage, cvvEXCEPT cvv- cvvAnswerbodily cvvInjury
cvvto cvvan cvvinsured's cvvnonresident cvvfamily cvvmember cvvor cvvrelative.
All cvvof cvvthe cvvfollowing cvvspecify cvvlimits cvvof cvvinsurance cvvfor cvvthe cvvcommercial
cvvgeneral cvvliability cvvEXCEPT cvv- cvvAnswerlegal cvvdefense.
All cvvof cvvthe cvvfollowing cvvactivities cvvwould cvvwarrant cvvthe cvvimposition cvvof
cvvabsolute cvvliability cvvEXCEPT cvv- cvvAnswerrisky cvvtransportation.
Which cvvof cvvthe cvvfollowing cvvis cvvTRUE cvvwhen cvvthe cvvinsured's cvvlimits cvvof
cvvinsurance cvvapply cvvper cvvoccurrence? cvv- cvvAnswerCoverage cvvis cvvtriggered cvvfor
cvvsmoke cvvdamage cvvto cvvsiding cvvcaused cvvby cvvrepeated cvvacts cvvby cvvinsured's
cvvneighbor.
Which cvvof cvvthe cvvfollowing cvvdescribes cvvmarket cvvvalue? cvv- cvvAnswerIt cvvis cvvwhat
cvvproperty cvvcould cvvbe cvvsold cvvfor.
Which cvvof cvvthe cvvfollowing cvvdefines cvvthe cvvterm cvvperil? cvv- cvvAnswercause cvvof
cvvloss
The cvvTerrorism cvvRisk cvvInsurance cvvAct cvvand cvvthe cvvNational cvvFlood cvvInsurance
cvvProgram cvvare cvvsimilar cvvby cvvproviding cvvwhich cvvof cvvthe cvvfollowing? cvv-
cvvAnswersubsidies, cvvloss cvvsharing cvvor cvvexcess cvvcoverage
All cvvof cvvthe cvvfollowing cvvare cvvresponsibilities cvvof cvvthe cvvinsured cvvlisted cvvin cvvthe
cvvloss cvvprovisions cvvfor cvvmost cvvproperty cvvinsurance cvvcontracts cvvEXCEPT cvv-
cvvAnswerto cvvdetermining cvvadequate cvvindemnification.
When cvvan cvvinsured cvvdisagrees cvvwith cvvthe cvvvaluation cvvof cvva cvvloss cvvand cvvhis
cvvappraiser cvvand cvvthe cvvinsurance cvvcompany's cvvappraiser cvvdisagree, cvvhow cvvwill
CASUALTY WITH COMPLETE ANSWERS
An cvvinsured cvvoperates cvva cvvauto cvvrepair cvvshop cvvand cvvhas cvva cvvgarage
cvvcoverage cvvform cvvwith cvvgaragekeepers cvvinsurance cvvwhen cvvan cvvemployee cvvon
cvva cvvtest cvvdrive cvvwith cvva cvvcustomer's cvvcar cvvis cvvinvolved cvvin cvva cvvcrash. cvvHow
cvvwill cvvthe cvvcustomer's cvvcar cvvbe cvvcovered cvvby cvvthe cvvinsured's cvvpolicy? cvv-
cvvAnswerThe cvvcustomer's cvvcar cvvis cvvcovered cvvfor cvvany cvvphysical cvvdamage
cvvwhile cvvin cvvthe cvvcustody cvvof cvvthe cvvinsured.
Liability cvvarising cvvout cvvof cvvany cvvof cvvthe cvvfollowing cvvis cvvexcluded cvvfrom cvvthe
cvvpersonal cvvand cvvadvertising cvvinjury cvvliability cvvcoverage cvvEXCEPT cvv-
cvvAnswerunknowingly cvvinflicting cvvinjury cvvthat cvvviolates cvvthe cvvrights cvvof cvvanother.
A cvvbank cvvcustomer's cvvidentity cvvwas cvvcompromised cvvand cvvthe cvvthieves cvvmade
cvvnumerous cvvpurchases cvvfrom cvva cvvretailer cvvby cvvsigning cvvthe cvvcustomer's
cvvchecks. cvvWhen cvvthe cvvbank cvvrefused cvvto cvvmake cvvpayment cvvfor cvvthe cvvgoods,
cvvthe cvvretailer cvvbrought cvvsuit cvvagainst cvvthe cvvbank. cvvWhich cvvcoverage
cvvindemnified cvvthe cvvbank cvvfor cvvliability cvvin cvvthe cvvsuit? cvv- cvvAnswerforgery cvvand
cvvalteration
Workers' cvvcompensation cvvcoverage cvvis cvvrated cvvon cvvthe cvvbasis cvvof cvvwhich cvvof
cvvthe cvvfollowing? cvv- cvvAnsweremployer's cvvpayroll
Which cvvof cvvthe cvvfollowing cvvis cvvthe cvvparty cvvwho cvvagrees cvvto cvvbe cvvresponsible
cvvfor cvvloss cvvin cvvthe cvvcase cvvof cvva cvvfidelity cvvbond? cvv- cvvAnswerthe cvvsurety
The cvvinsured cvvcarries cvvunderinsured cvvmotorists cvvcoverage cvvlimits cvvof
cvv250/500/250 cvvon cvvhis cvvautomobile cvvpolicy cvvand cvvhis cvvvehicle cvvis cvvstruck cvvby
cvvan cvvat cvvfault cvvmotorist cvvwho cvvinsures cvvwith cvvthe cvvState cvvminimum cvvfor
cvvliability cvvof cvv20/40/10. cvvIf cvvthe cvvinsured cvvbrings cvvsuit cvvfor cvvbodily cvvinjury
cvvdamages cvvto cvvhimself cvvof cvv$500,000, cvvhow cvvmuch cvvwill cvvhe cvvrecover cvvfrom
cvvat cvvfault cvvdriver's cvvpolicy? cvv- cvvAnswer$20k
Under cvvthe cvvcommercial cvvgeneral cvvliability cvvwhich cvvone cvvof cvvthe cvvfollowing cvvis
cvvcovered cvvunder cvvsupplementary cvvpayments? cvv- cvvAnswercost cvvof cvvbail cvvbonds
, When cvvthe cvvinsured's cvvchild cvvspills cvvred cvvjuice cvvon cvvthe cvvcarpet cvvof cvvinsured's
cvvcovered cvvautomobile, cvvwhich cvvof cvvthe cvvfollowing cvvcoverages cvvwill cvvapply? cvv-
cvvAnswercomprehensive
Which cvvof cvvthe cvvfollowing cvvbest cvvdescribes cvvthe cvvcommercial cvvgeneral
cvvliability?s cvvgeneral cvvaggregate cvvannual cvvlimit cvvas cvvit cvvapplies cvvto cvvthe
cvvcoverage cvvparts cvvof cvvthe cvvCGL? cvv- cvvAnswerCoverage cvvA, cvvB, cvvand cvvC
cvvapply cvvin cvvsum cvvand cvvare cvvthe cvvmost cvvthat cvvwill cvvbe cvvpaid cvvsubject cvvto
cvvthe cvvgeneral cvvaggregate cvvannual cvvlimit.
Under cvvliability cvvcoverage cvvwhich cvvof cvvthe cvvfollowing cvvwill cvvtrigger cvvcoverage
cvvfor cvvproperty cvvdamage? cvv- cvvAnswerunintended cvvdamage cvvto cvvtangible
cvvproperty cvvof cvvothers
All cvvof cvvthe cvvfollowing cvvare cvvexclusions cvvare cvvfound cvvunder cvvthe cvvpersonal
cvvauto cvvpolicy cvvPart cvvA cvvliability cvvcoverage, cvvEXCEPT cvv- cvvAnswerbodily cvvInjury
cvvto cvvan cvvinsured's cvvnonresident cvvfamily cvvmember cvvor cvvrelative.
All cvvof cvvthe cvvfollowing cvvspecify cvvlimits cvvof cvvinsurance cvvfor cvvthe cvvcommercial
cvvgeneral cvvliability cvvEXCEPT cvv- cvvAnswerlegal cvvdefense.
All cvvof cvvthe cvvfollowing cvvactivities cvvwould cvvwarrant cvvthe cvvimposition cvvof
cvvabsolute cvvliability cvvEXCEPT cvv- cvvAnswerrisky cvvtransportation.
Which cvvof cvvthe cvvfollowing cvvis cvvTRUE cvvwhen cvvthe cvvinsured's cvvlimits cvvof
cvvinsurance cvvapply cvvper cvvoccurrence? cvv- cvvAnswerCoverage cvvis cvvtriggered cvvfor
cvvsmoke cvvdamage cvvto cvvsiding cvvcaused cvvby cvvrepeated cvvacts cvvby cvvinsured's
cvvneighbor.
Which cvvof cvvthe cvvfollowing cvvdescribes cvvmarket cvvvalue? cvv- cvvAnswerIt cvvis cvvwhat
cvvproperty cvvcould cvvbe cvvsold cvvfor.
Which cvvof cvvthe cvvfollowing cvvdefines cvvthe cvvterm cvvperil? cvv- cvvAnswercause cvvof
cvvloss
The cvvTerrorism cvvRisk cvvInsurance cvvAct cvvand cvvthe cvvNational cvvFlood cvvInsurance
cvvProgram cvvare cvvsimilar cvvby cvvproviding cvvwhich cvvof cvvthe cvvfollowing? cvv-
cvvAnswersubsidies, cvvloss cvvsharing cvvor cvvexcess cvvcoverage
All cvvof cvvthe cvvfollowing cvvare cvvresponsibilities cvvof cvvthe cvvinsured cvvlisted cvvin cvvthe
cvvloss cvvprovisions cvvfor cvvmost cvvproperty cvvinsurance cvvcontracts cvvEXCEPT cvv-
cvvAnswerto cvvdetermining cvvadequate cvvindemnification.
When cvvan cvvinsured cvvdisagrees cvvwith cvvthe cvvvaluation cvvof cvva cvvloss cvvand cvvhis
cvvappraiser cvvand cvvthe cvvinsurance cvvcompany's cvvappraiser cvvdisagree, cvvhow cvvwill
