Personal Lines Final Exam:100% Verified Questions
& Answers
All of the following situations are covered under an Earthquake
endorsement EXCEPT:
A) Landslides
B) Mudflows
C) Underground tremors from a volcano
D) Earth Sinking
(Ans- B) mudflows
Which of the following conditions in a policy prohibits the insured from
transferring any rights or duties without the insurers written
permission?
A) subrogation clause
B) liberalization clause
C) abandonment clause
D) assignment clause
(Ans- D) assignment clause
On homeowners’ policies, the term "insured location" describes where
liability coverage applies and includes all the following, EXCEPT:
A) Family cemetery plots
,B) A newly acquired premises
C) Vacant Farm land owned by the insured
D) a Non owned premises used as a temporary residence by the insured
(Ans- C) vacant farm land owned by the insured
All of the following are covered under a mobile home endorsement,
EXCEPT:
A) moving costs
B) Dwelling
C) personal property
D) other structures
(Ans- A) moving costs
An insurer is cancelling a homeowner’s policy for other than
nonpayment of premiums and must give the insured how many days
advance written notice?
A) 10 day
B) 30 days
C) 15 Days
D) 45 days
(Ans- B) 30 days
,An alternative to carrying other than collision under physical damage
coverage is called:
A) named perils
B) specified perils
C) independent perils
D) special perils
(Ans- B) specified perils
Each of the following is true about the National Flood Insurance
Program, EXCEPT:
A) Losses are normally settled on an ACV basis
B) 30 Day waiting period required for changes to an existing policy
C) Eligibility requirements are set by private insurance carriers
D) Increased cost to comply with building ordinances or laws may be
granted
(Ans- C) eligibility requirements are set by private insurance carriers
Which of the following situations would be covered by liability
insurance under a Personal Auto Policy?
A) an insured causes injuries while operating a taxi cab
B) An auto mechanic has an accident while road testing a customer's
vehicle
, C) an insured damages another vehicle while driving a motorcycle
D) an insured who rents a private garage backs in and damages it
(Ans- D) an insured who rents a private garage backs in and damages it
A medical claim in homeowners insurance has how long to be filled?
A) one year
B) three years
C) five years
D) Indefinite
(Ans- B) Three years
All of the following are automobile collision losses, EXCEPT:
A) colliding with a deer
B) Colliding with a stationary object
C) Colliding with another vehicle
D) overturning a vehicle
(Ans- A) colliding with a deer
National flood insurance is available for:
A) private residences only
B) Private residences and residential contents only
& Answers
All of the following situations are covered under an Earthquake
endorsement EXCEPT:
A) Landslides
B) Mudflows
C) Underground tremors from a volcano
D) Earth Sinking
(Ans- B) mudflows
Which of the following conditions in a policy prohibits the insured from
transferring any rights or duties without the insurers written
permission?
A) subrogation clause
B) liberalization clause
C) abandonment clause
D) assignment clause
(Ans- D) assignment clause
On homeowners’ policies, the term "insured location" describes where
liability coverage applies and includes all the following, EXCEPT:
A) Family cemetery plots
,B) A newly acquired premises
C) Vacant Farm land owned by the insured
D) a Non owned premises used as a temporary residence by the insured
(Ans- C) vacant farm land owned by the insured
All of the following are covered under a mobile home endorsement,
EXCEPT:
A) moving costs
B) Dwelling
C) personal property
D) other structures
(Ans- A) moving costs
An insurer is cancelling a homeowner’s policy for other than
nonpayment of premiums and must give the insured how many days
advance written notice?
A) 10 day
B) 30 days
C) 15 Days
D) 45 days
(Ans- B) 30 days
,An alternative to carrying other than collision under physical damage
coverage is called:
A) named perils
B) specified perils
C) independent perils
D) special perils
(Ans- B) specified perils
Each of the following is true about the National Flood Insurance
Program, EXCEPT:
A) Losses are normally settled on an ACV basis
B) 30 Day waiting period required for changes to an existing policy
C) Eligibility requirements are set by private insurance carriers
D) Increased cost to comply with building ordinances or laws may be
granted
(Ans- C) eligibility requirements are set by private insurance carriers
Which of the following situations would be covered by liability
insurance under a Personal Auto Policy?
A) an insured causes injuries while operating a taxi cab
B) An auto mechanic has an accident while road testing a customer's
vehicle
, C) an insured damages another vehicle while driving a motorcycle
D) an insured who rents a private garage backs in and damages it
(Ans- D) an insured who rents a private garage backs in and damages it
A medical claim in homeowners insurance has how long to be filled?
A) one year
B) three years
C) five years
D) Indefinite
(Ans- B) Three years
All of the following are automobile collision losses, EXCEPT:
A) colliding with a deer
B) Colliding with a stationary object
C) Colliding with another vehicle
D) overturning a vehicle
(Ans- A) colliding with a deer
National flood insurance is available for:
A) private residences only
B) Private residences and residential contents only
