Texas Property and Casualty practice
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Coverage dfor dwater dbackup dor dsump dpump doverflow dis dexcluded dfrom dthe
dDwelling dPolicy. dHowever, dwith dthe dpurchase dof dthe dwater dbackup dand
dsump dpump doverflow dendorsement, dcoverage dfor dup dto d$5,000 din dloss dor
ddamage dcan dbe dprovided dfor dan dadditional dpremium. dWhat dis dthe ddeductible
dassociated dwith dthis dcoverage? d- dcorrect danswers d-$250
Coverage dfor dup dto d$5,000 din dloss dor ddamage, dsubject dto da d$250
ddeductible, dcan dbe dprovided dfor dan dadditional dpremium dwith dthis
dendorsement.
An dinsured drelocated dto danother dstate dfor dwork. dHowever, dshe dstill downs
dand dinsures da dhouse din dthis dstate, dbut dhas dhad dno done dliving din dit dfor d3
dmonths. dShe dis dalso dstoring dsome dfurniture dand dclothes din dthe dhouse.
, dFrom dan dinsurance dstandpoint, dthe dinsured's dhouse dis dconsidered d- dcorrect
danswers d-Unoccupied
Unoccupancy drefers dto dan dinsured dstructure din dwhich dno dpeople dhave dbeen
dliving dor dworking dwithin dthe drequired dperiod dof dtime, dbut dthe dstructure
dcontains dcontents.
Individuals din dthe dbusiness dof dselling dconstruction dequipment dand dmobile
dequipment dshould dinsure dwith da/an d- dcorrect danswers d-Equipment ddealers
dcoverage dform
An dequipment ddealer's dcoverage dform dcovers da ddealer's dstock din dtrade
dconsisting dprimarily dof dmobile dagricultural dequipment dand dconstruction
dequipment. dIt dalso dcovers dproperty dof dothers din dthe ddealer's dcare, dcustody,
dor dcontrol. dIt dexcludes dcoverage dfor dautos, dmotorcycles, daircraft, dand
dwatercraft.
All dof dthe dfollowing dare dtrue dregarding ddeposit dpremium d- dcorrect danswers d-It
dmust dbe dpaid din dadvance.
It dis dan destimated dpremium dpaid dat dthe dpolicy dissue.
It dcould dbe dadjusted dby dthe daudit.
Deposit dpremium dis dan destimated dpremium dpaid din dadvance dat dthe dtime dthe
dpolicy dis dissued dthat dmay dbe dadjusted dby dthe daudit dbased don dactual
dexposures.
Which dof dthe dfollowing dis dNOT dan dessential delement dof dan dinsurance
dcontract? d- dcorrect danswers d-counteroffer
To dpurchase dinsurance, dthe dpolicyowner dmust dhave dfinancial dinterest din dthe
dproperty dbeing dinsured. dThis dis dknown das d- dcorrect danswers d-Insurable
dInterest
The dinsured dmust dhave dan dinsurable dinterest din dthe dperson dor dproperty
dcovered dby dan dinsurance dpolicy. dIn dproperty dinsurance, dthis dmeans dthe
dinsured dwould dincur da dfinancial dloss dif dthe dinsured dproperty dwas ddamaged.
What dtype dof dproperty ddoes da dPersonal dFloaters dpolicy dcover? d- dcorrect
danswers d-Movable dpersonal dproperty, dwherever dit dmay dbe dlocated
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Coverage dfor dwater dbackup dor dsump dpump doverflow dis dexcluded dfrom dthe
dDwelling dPolicy. dHowever, dwith dthe dpurchase dof dthe dwater dbackup dand
dsump dpump doverflow dendorsement, dcoverage dfor dup dto d$5,000 din dloss dor
ddamage dcan dbe dprovided dfor dan dadditional dpremium. dWhat dis dthe ddeductible
dassociated dwith dthis dcoverage? d- dcorrect danswers d-$250
Coverage dfor dup dto d$5,000 din dloss dor ddamage, dsubject dto da d$250
ddeductible, dcan dbe dprovided dfor dan dadditional dpremium dwith dthis
dendorsement.
An dinsured drelocated dto danother dstate dfor dwork. dHowever, dshe dstill downs
dand dinsures da dhouse din dthis dstate, dbut dhas dhad dno done dliving din dit dfor d3
dmonths. dShe dis dalso dstoring dsome dfurniture dand dclothes din dthe dhouse.
, dFrom dan dinsurance dstandpoint, dthe dinsured's dhouse dis dconsidered d- dcorrect
danswers d-Unoccupied
Unoccupancy drefers dto dan dinsured dstructure din dwhich dno dpeople dhave dbeen
dliving dor dworking dwithin dthe drequired dperiod dof dtime, dbut dthe dstructure
dcontains dcontents.
Individuals din dthe dbusiness dof dselling dconstruction dequipment dand dmobile
dequipment dshould dinsure dwith da/an d- dcorrect danswers d-Equipment ddealers
dcoverage dform
An dequipment ddealer's dcoverage dform dcovers da ddealer's dstock din dtrade
dconsisting dprimarily dof dmobile dagricultural dequipment dand dconstruction
dequipment. dIt dalso dcovers dproperty dof dothers din dthe ddealer's dcare, dcustody,
dor dcontrol. dIt dexcludes dcoverage dfor dautos, dmotorcycles, daircraft, dand
dwatercraft.
All dof dthe dfollowing dare dtrue dregarding ddeposit dpremium d- dcorrect danswers d-It
dmust dbe dpaid din dadvance.
It dis dan destimated dpremium dpaid dat dthe dpolicy dissue.
It dcould dbe dadjusted dby dthe daudit.
Deposit dpremium dis dan destimated dpremium dpaid din dadvance dat dthe dtime dthe
dpolicy dis dissued dthat dmay dbe dadjusted dby dthe daudit dbased don dactual
dexposures.
Which dof dthe dfollowing dis dNOT dan dessential delement dof dan dinsurance
dcontract? d- dcorrect danswers d-counteroffer
To dpurchase dinsurance, dthe dpolicyowner dmust dhave dfinancial dinterest din dthe
dproperty dbeing dinsured. dThis dis dknown das d- dcorrect danswers d-Insurable
dInterest
The dinsured dmust dhave dan dinsurable dinterest din dthe dperson dor dproperty
dcovered dby dan dinsurance dpolicy. dIn dproperty dinsurance, dthis dmeans dthe
dinsured dwould dincur da dfinancial dloss dif dthe dinsured dproperty dwas ddamaged.
What dtype dof dproperty ddoes da dPersonal dFloaters dpolicy dcover? d- dcorrect
danswers d-Movable dpersonal dproperty, dwherever dit dmay dbe dlocated
