PEARSON VUE PROPERTY INSURANCE STUDY
QUESTIONS INSURANCE CASUALTY FL EXAM QUESTIONS
AND ANSWERS 2025/2026 || GUARANTEED PASS ||
VERIFIED TEST BANK || COMPLETE REVIEW || GRADED A+
|| LATEST UPDATE
X insures a home for $100,000 under a Dwelling Property Broad Form (DP-2).
If a flood causes $1,000 in damage to the home's contents, which of the
following MAXIMUM amounts will X's insurer pay?
$0
Which of the following perils is covered under the Commercial Property Basic
Cause of Loss form?
Sinkhole Collapse
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?
$80,000
Special Form or Open Perils coverage:
Is limited by the named exclusions
Actual cash value is most often defined as which of the following options?
Replacement cost less depreciation
The owner-operator of a computer store often leaves expensive computers
balanced negligently on the edges of tables, believing that any damage to the
computers will be paid by the insurance policy. This situation
is BEST described as a:
Morale Hazard
A Commercial Property policy specifies which of the following responsibilities
as a duty of the insured?
To provide a sworn proof of loss statement if requested by the company
Which of the following terms can be defined as a policy provision that omits
certain risks from coverage?
, Exclusions
Which of the following Homeowners coverages does NOT generally contain a
deductible?
Liability
DP-2 is considered to be which of the following types of forms?
Broad
Information provided by the insured in a Proof of Loss is considered:
A representation
Pro-rata cancellation occurs when:
An insurer cancels a policy at anytime
Inland Marine insurance is commonly used to insure all of the following
items EXCEPT:
Automobiles
The principle of indemnity is designed to avoid:
Overpayment of claim
Which of the following coverages may be added by endorsement to a Boiler and
Machinery policy?
Extra Expense
In a Commercial Property form, if a building is left vacant, coverage for
vandalism will continue for up to how many days?
Sixty
Which of the following statements about a mortgagee's rights under the
Dwelling Property Basic Form (DP-1) is INCORRECT?
The mortgage may abandon the insured property to the insurer
The procedure for resolving a disagreement between an insured and an insurer
about a loss is described in which of the following parts of an insurance policy?
Conditions
Under a Homeowners policy, an insured is required to take all of the following
actions when a covered loss occurs EXCEPT:
Hire an appraiser to determine the amount of loss
QUESTIONS INSURANCE CASUALTY FL EXAM QUESTIONS
AND ANSWERS 2025/2026 || GUARANTEED PASS ||
VERIFIED TEST BANK || COMPLETE REVIEW || GRADED A+
|| LATEST UPDATE
X insures a home for $100,000 under a Dwelling Property Broad Form (DP-2).
If a flood causes $1,000 in damage to the home's contents, which of the
following MAXIMUM amounts will X's insurer pay?
$0
Which of the following perils is covered under the Commercial Property Basic
Cause of Loss form?
Sinkhole Collapse
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?
$80,000
Special Form or Open Perils coverage:
Is limited by the named exclusions
Actual cash value is most often defined as which of the following options?
Replacement cost less depreciation
The owner-operator of a computer store often leaves expensive computers
balanced negligently on the edges of tables, believing that any damage to the
computers will be paid by the insurance policy. This situation
is BEST described as a:
Morale Hazard
A Commercial Property policy specifies which of the following responsibilities
as a duty of the insured?
To provide a sworn proof of loss statement if requested by the company
Which of the following terms can be defined as a policy provision that omits
certain risks from coverage?
, Exclusions
Which of the following Homeowners coverages does NOT generally contain a
deductible?
Liability
DP-2 is considered to be which of the following types of forms?
Broad
Information provided by the insured in a Proof of Loss is considered:
A representation
Pro-rata cancellation occurs when:
An insurer cancels a policy at anytime
Inland Marine insurance is commonly used to insure all of the following
items EXCEPT:
Automobiles
The principle of indemnity is designed to avoid:
Overpayment of claim
Which of the following coverages may be added by endorsement to a Boiler and
Machinery policy?
Extra Expense
In a Commercial Property form, if a building is left vacant, coverage for
vandalism will continue for up to how many days?
Sixty
Which of the following statements about a mortgagee's rights under the
Dwelling Property Basic Form (DP-1) is INCORRECT?
The mortgage may abandon the insured property to the insurer
The procedure for resolving a disagreement between an insured and an insurer
about a loss is described in which of the following parts of an insurance policy?
Conditions
Under a Homeowners policy, an insured is required to take all of the following
actions when a covered loss occurs EXCEPT:
Hire an appraiser to determine the amount of loss
