MO Property and Casualty Exam questions with correct answers

Which of the following personal auto coverages would pay for the insured's travel expenses and loss of earnings while involved in the settlement process of a covered loss? CORRECT ANSWER Liability coverage What are the two types of compensatory damages? CORRECT ANSWER Special and general Which part of an insurance policy covers claims-related expenses, reasonable expenses incurred by an insured to protect damaged property from further loss, or defense expenses? CORRECT ANSWER Additional coverage Which of the following policies will help an auto dealership cover most of its liability exposures? CORRECT ANSWER A garage liability coverage Under the commercial property coverage program, the basic causes of loss form insures against loss caused by... CORRECT ANSWER Sprinkler leakage The businessowners policy liability coverage will pay for necessary medical expenses of others incurred within what max time period? CORRECT ANSWER 1 year The insured with a claims-made commercial general liability (CGL) policy may request in writing claim and occurre