Practice Questions and Answers:
Chapter 3 ADB
What is the correct term for a secondary loss that occurs as a result of a direct loss from a covered peril?
- Answer-Consequential loss
If the insured and insurer do not agree on the value of a property loss, what condition would apply? -
Answer-Appraisal
All of the following are insured's duties after a loss under a property policy, except:
A. Abandoning the property to the insurer
B. Giving prompt notice of loss
C. Submitting to the insurer's examination
D. Furnishing an inventory of damaged property - Answer-A. Abandoning the property to the insurer
Theft is specifically defined as: - Answer-Any act of stealing
An intruder breaks into a home, threatens the homeowner, and takes the homeowner's money. This is
an example of: - Answer-Robbery
Chapter 3 ADB
What is the correct term for a secondary loss that occurs as a result of a direct loss from a covered peril?
- Answer-Consequential loss
If the insured and insurer do not agree on the value of a property loss, what condition would apply? -
Answer-Appraisal
All of the following are insured's duties after a loss under a property policy, except:
A. Abandoning the property to the insurer
B. Giving prompt notice of loss
C. Submitting to the insurer's examination
D. Furnishing an inventory of damaged property - Answer-A. Abandoning the property to the insurer
Theft is specifically defined as: - Answer-Any act of stealing
An intruder breaks into a home, threatens the homeowner, and takes the homeowner's money. This is
an example of: - Answer-Robbery
