Texas Property and Casualty
Insurance Policies. (State Test)
Comprehensive Questions with
Verified Answers Graded A+
The businessowners policy liability coverage will pay for necessary medical expenses of others
within what maximum time period? - Answer: 1 Year
Which of the following covers a carrier for liability for loss to cargo while it is being transported
in a truck? - Answer: Moto truck cargo policy- truckers form
In which of the following types of property valuation will the policy pay the full value specified
on the policy schedule, regardless of the insured property's appreciation or depreciation? -
Answer: Agreed Value
If the actual values exceed the limit of insurance, the buisnessowners policy (BOP) contains a
seasonal increase provision that automatically increases the limit of insurance for business
personal property by - Answer: 25%
In which type of commercial crime policy coverage is triggered by a loss that happens during the
policy period but is not necessarily discovered during the policy period? - Answer: Loss
sustained form
Insurance Policies. (State Test)
Comprehensive Questions with
Verified Answers Graded A+
The businessowners policy liability coverage will pay for necessary medical expenses of others
within what maximum time period? - Answer: 1 Year
Which of the following covers a carrier for liability for loss to cargo while it is being transported
in a truck? - Answer: Moto truck cargo policy- truckers form
In which of the following types of property valuation will the policy pay the full value specified
on the policy schedule, regardless of the insured property's appreciation or depreciation? -
Answer: Agreed Value
If the actual values exceed the limit of insurance, the buisnessowners policy (BOP) contains a
seasonal increase provision that automatically increases the limit of insurance for business
personal property by - Answer: 25%
In which type of commercial crime policy coverage is triggered by a loss that happens during the
policy period but is not necessarily discovered during the policy period? - Answer: Loss
sustained form
