Progressive Pre-Employment Assessment:
Questions With In-Depth Solutions
Coverage A Correct Answer - This coverage pays to repair or
rebuild a home if it is damaged or destroyed by fire, hurricane, hail,
lightning, or other disasters listed in the policy.
What does Coverage A not include? Correct Answer - It will not
pay for damage caused by a flood, earthquake, or routine wear and
tear.
Coverage B Correct Answer - Personal property coverage
helps to pay for your personal items that have been damaged,
destroyed or stolen due to a covered peril.
Coverage C Correct Answer - Personal property coverage,
which helps to pay for your personal items that have been damaged,
destroyed or stolen due to a covered peril. It's standard protection
within many home insurance policies and is pivotal to cover those
personal items that mean the most to you.
Coverage D Correct Answer - This pays for the additional costs
of living away from home if a house considered unsuitable due to
damage from a fire, storm, or other insured disaster. It covers hotel
bills, restaurant meals, and other living expenses incurred while the
home is being rebuilt.
Coverage F Correct Answer - Medical payments coverage, part
of your homeowners insurance, can help pay for small injuries that
happen to your guests on your property, regardless of who is at
fault.
This portion of your policy is designed to resolve smaller claims so
they don't escalate into lawsuits.
, What are some structures that are covered by Coverage B? Correct
Answer - Detached garage.
Work shed.
Swimming pool.
Most companies provide coverage for ___________of the amount of
insurance on the structure of a home. Correct Answer - 50% to
70%
Liability insurance Correct Answer - Insurance that provides
protection from claims arising from injuries or damage to other
people or property.
Controlled Business Correct Answer - A situation in which an
insurance provider's personal income is greater than 25 percent of
his or her gross commission from insurance.
False Advertisement Correct Answer - An unfair trade practice
with respect to all forms of communication.
Misrepresentation Correct Answer - An intentionally
inaccurate or incomplete communication to a policyholder or
potential policyholder.
Rebating Correct Answer - The unfair trade practice of offering
inducements for the purchase of insurance. This practice is usually
illegal, although insurance companies are allowed to pay dividends
to policyholders
Tax refund fraud Correct Answer - Involves identity theft,
fraudulent W-2 forms and the online filing of an illicit tax return for
the purpose of receiving a tax refund for deposit into the account of
the fraudster or a money mule acting on behalf of the fraudster.
Questions With In-Depth Solutions
Coverage A Correct Answer - This coverage pays to repair or
rebuild a home if it is damaged or destroyed by fire, hurricane, hail,
lightning, or other disasters listed in the policy.
What does Coverage A not include? Correct Answer - It will not
pay for damage caused by a flood, earthquake, or routine wear and
tear.
Coverage B Correct Answer - Personal property coverage
helps to pay for your personal items that have been damaged,
destroyed or stolen due to a covered peril.
Coverage C Correct Answer - Personal property coverage,
which helps to pay for your personal items that have been damaged,
destroyed or stolen due to a covered peril. It's standard protection
within many home insurance policies and is pivotal to cover those
personal items that mean the most to you.
Coverage D Correct Answer - This pays for the additional costs
of living away from home if a house considered unsuitable due to
damage from a fire, storm, or other insured disaster. It covers hotel
bills, restaurant meals, and other living expenses incurred while the
home is being rebuilt.
Coverage F Correct Answer - Medical payments coverage, part
of your homeowners insurance, can help pay for small injuries that
happen to your guests on your property, regardless of who is at
fault.
This portion of your policy is designed to resolve smaller claims so
they don't escalate into lawsuits.
, What are some structures that are covered by Coverage B? Correct
Answer - Detached garage.
Work shed.
Swimming pool.
Most companies provide coverage for ___________of the amount of
insurance on the structure of a home. Correct Answer - 50% to
70%
Liability insurance Correct Answer - Insurance that provides
protection from claims arising from injuries or damage to other
people or property.
Controlled Business Correct Answer - A situation in which an
insurance provider's personal income is greater than 25 percent of
his or her gross commission from insurance.
False Advertisement Correct Answer - An unfair trade practice
with respect to all forms of communication.
Misrepresentation Correct Answer - An intentionally
inaccurate or incomplete communication to a policyholder or
potential policyholder.
Rebating Correct Answer - The unfair trade practice of offering
inducements for the purchase of insurance. This practice is usually
illegal, although insurance companies are allowed to pay dividends
to policyholders
Tax refund fraud Correct Answer - Involves identity theft,
fraudulent W-2 forms and the online filing of an illicit tax return for
the purpose of receiving a tax refund for deposit into the account of
the fraudster or a money mule acting on behalf of the fraudster.
