Pearson VUE: Property Insurance
Practice Exam, Study Questions
Insurance, Casualty FL 2025/2026 Exam
Questions and Answers | 100% Solved
S is purchasing a Commercial Property policy to cover a commercial
building with a replacement cost of $100,000. The policy includes an 80
percent Coinsurance clause. To avoid a coinsurance penalty in the event of
a partial loss, S should purchase a policy with minimum limits of AT LEAST
which of the following amounts?
A. $100,000
B. $90,000
,C. $80,000
D. $20,000 - 🧠 ANSWER ✔✔C
The MAXIMUM amount a policy will pay in the event of a loss is called the:
A. coinsurance amount
B. deductible
C. limit of liability
D. pro rata return - 🧠 ANSWER ✔✔C
The National Flood Insurance Program provides coverage for losses
caused by all of the following occurrences EXCEPT:
A. mudslides
,B. runoff from heavy rain
C. overflow of tidal waters
D. water-main breakage - 🧠 ANSWER ✔✔D
Special Form or Open Perils coverage:
A. Provides coverage against the named perils
B. Provides coverage against scheduled risks
C. Is limited by the named exclusions
D. Includes no exclusions - 🧠 ANSWER ✔✔C
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
, Which of the following businesses would be eligible for a Businessowners
policy?
A. Auto body shop
B. Theater
C. Branch bank
D. Barber shop - 🧠 ANSWER ✔✔D
During a tornado, a barn is destroyed when a section of its wall is blown
down, knocking over a lantern, which sets the barn on fire. The proximate
cause of loss is the:
A. fire
B. collapse of the wall
Practice Exam, Study Questions
Insurance, Casualty FL 2025/2026 Exam
Questions and Answers | 100% Solved
S is purchasing a Commercial Property policy to cover a commercial
building with a replacement cost of $100,000. The policy includes an 80
percent Coinsurance clause. To avoid a coinsurance penalty in the event of
a partial loss, S should purchase a policy with minimum limits of AT LEAST
which of the following amounts?
A. $100,000
B. $90,000
,C. $80,000
D. $20,000 - 🧠 ANSWER ✔✔C
The MAXIMUM amount a policy will pay in the event of a loss is called the:
A. coinsurance amount
B. deductible
C. limit of liability
D. pro rata return - 🧠 ANSWER ✔✔C
The National Flood Insurance Program provides coverage for losses
caused by all of the following occurrences EXCEPT:
A. mudslides
,B. runoff from heavy rain
C. overflow of tidal waters
D. water-main breakage - 🧠 ANSWER ✔✔D
Special Form or Open Perils coverage:
A. Provides coverage against the named perils
B. Provides coverage against scheduled risks
C. Is limited by the named exclusions
D. Includes no exclusions - 🧠 ANSWER ✔✔C
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
, Which of the following businesses would be eligible for a Businessowners
policy?
A. Auto body shop
B. Theater
C. Branch bank
D. Barber shop - 🧠 ANSWER ✔✔D
During a tornado, a barn is destroyed when a section of its wall is blown
down, knocking over a lantern, which sets the barn on fire. The proximate
cause of loss is the:
A. fire
B. collapse of the wall
