PERSONAL LINES INSURANCE QUESTIONS
WITH CORRECT ANSWERS 2025/2026
THE INSURED - CORRECT ANSWER -In a named contract , the burden of proof is upon which of
the following
COMPANY/INSURER - CORRECT ANSWER -In a risk/open peril contract, the burden of proof is
upon is which of the following?
CONDITIONS - CORRECT ANSWER -The time limit for bringing suit against an insurance company
is found in the policy
FAIR MARKET VALUE - CORRECT ANSWER -Most property insurance policies can be written to
insure property on all of the following EXEPT
An insured's demand for payment in full from the insurer in exchange for a partially damage
item - CORRECT ANSWER -Which of the statements best describes the term ABANDONMENT as
used in property insurance
Insurance carried x loss+ amount insurer will pay insurance require - CORRECT ANSWER -The
correct coinsurance formula, not taking into considerartions the deductible is
depreciation - CORRECT ANSWER -the definition for actual value is replacement cost less
depreciation , is the decrease in value of the property over a period of time
Personal article floater - CORRECT ANSWER -has the broadest coverage
Other Then Collision - CORRECT ANSWER -is classify as property insurance coverage
WITH CORRECT ANSWERS 2025/2026
THE INSURED - CORRECT ANSWER -In a named contract , the burden of proof is upon which of
the following
COMPANY/INSURER - CORRECT ANSWER -In a risk/open peril contract, the burden of proof is
upon is which of the following?
CONDITIONS - CORRECT ANSWER -The time limit for bringing suit against an insurance company
is found in the policy
FAIR MARKET VALUE - CORRECT ANSWER -Most property insurance policies can be written to
insure property on all of the following EXEPT
An insured's demand for payment in full from the insurer in exchange for a partially damage
item - CORRECT ANSWER -Which of the statements best describes the term ABANDONMENT as
used in property insurance
Insurance carried x loss+ amount insurer will pay insurance require - CORRECT ANSWER -The
correct coinsurance formula, not taking into considerartions the deductible is
depreciation - CORRECT ANSWER -the definition for actual value is replacement cost less
depreciation , is the decrease in value of the property over a period of time
Personal article floater - CORRECT ANSWER -has the broadest coverage
Other Then Collision - CORRECT ANSWER -is classify as property insurance coverage
