F CARD COMPREHENSIVE ACTUAL TEST
PAPER 2026 FULL ANSWERS GRADED A+
⩥ franchise deductible.
Answer: no payment until the loss reaches a certain limit, should the loss
reach or exceed such limit then the loss is paid in full
⩥ cargo coverage.
Answer: covers loss or damage to goods shipped
⩥ freight coverage.
Answer: provides protection for the vessel owner in the event that
freight charges are not paid
⩥ liability coverage- Marine.
Answer: risk that a ship will collide with another ship
⩥ "perils of the seas".
Answer: wind, waves, collision, stranding, sinking, and other such
accidents
⩥ enemies.
,Answer: includes all type of taking of the insured property by force
⩥ jettison.
Answer: voluntary throwing overboard of parts of the ship or cargo in
order to save the vessel from sinking or from further damage
⩥ barratry.
Answer: fraud by master or crew at the expense of the owners of the
ship or its cargo
⩥ actual total loss.
Answer: property no longer exists or is beyond salvage
⩥ constructive total loss.
Answer: cost to salvage plus cost to recondition exceeds value
⩥ aircraft hull policy.
Answer: the risk of loss or damage to an insured aircraft itself, including
frame, engines, controls, and navigation. includes comp and collision
⩥ what are aircraft hull policy deductible options?.
Answer: 2.5%, 5%, and 10%
, ⩥ admitted aircraft liability coverage.
Answer: provides for principal sum payments for death or
dismemberment if the named insured requests it. relating to aircraft
policies.
⩥ Hangarkeeper's coverage.
Answer: a form of bailee insurance which provides coverage for damage
or destruction of the aircraft of others while in the insured's care,
custody, or control.
⩥ airport and air meet liability.
Answer: covers for bodily injury and property damage as it pertains to
airports.
⩥ cargo liability.
Answer: this coverage protects against legal liability for loss or damage
to cargo or baggage
⩥ what are the underwriting considerations for aircraft policies?.
Answer: pilots- qualifications and experience
size- light or heavy aircraft
type- land plane, seaplane or helicopter
age and condition
PAPER 2026 FULL ANSWERS GRADED A+
⩥ franchise deductible.
Answer: no payment until the loss reaches a certain limit, should the loss
reach or exceed such limit then the loss is paid in full
⩥ cargo coverage.
Answer: covers loss or damage to goods shipped
⩥ freight coverage.
Answer: provides protection for the vessel owner in the event that
freight charges are not paid
⩥ liability coverage- Marine.
Answer: risk that a ship will collide with another ship
⩥ "perils of the seas".
Answer: wind, waves, collision, stranding, sinking, and other such
accidents
⩥ enemies.
,Answer: includes all type of taking of the insured property by force
⩥ jettison.
Answer: voluntary throwing overboard of parts of the ship or cargo in
order to save the vessel from sinking or from further damage
⩥ barratry.
Answer: fraud by master or crew at the expense of the owners of the
ship or its cargo
⩥ actual total loss.
Answer: property no longer exists or is beyond salvage
⩥ constructive total loss.
Answer: cost to salvage plus cost to recondition exceeds value
⩥ aircraft hull policy.
Answer: the risk of loss or damage to an insured aircraft itself, including
frame, engines, controls, and navigation. includes comp and collision
⩥ what are aircraft hull policy deductible options?.
Answer: 2.5%, 5%, and 10%
, ⩥ admitted aircraft liability coverage.
Answer: provides for principal sum payments for death or
dismemberment if the named insured requests it. relating to aircraft
policies.
⩥ Hangarkeeper's coverage.
Answer: a form of bailee insurance which provides coverage for damage
or destruction of the aircraft of others while in the insured's care,
custody, or control.
⩥ airport and air meet liability.
Answer: covers for bodily injury and property damage as it pertains to
airports.
⩥ cargo liability.
Answer: this coverage protects against legal liability for loss or damage
to cargo or baggage
⩥ what are the underwriting considerations for aircraft policies?.
Answer: pilots- qualifications and experience
size- light or heavy aircraft
type- land plane, seaplane or helicopter
age and condition
