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INSURANCE CUSTOMER SERVICE REP
440 EXAM REVIEW 2025 BRAND NEW
ACTUAL EXAM WITH ANSWERS.
Personal Inland Marine Policy: Provides coverage for property -
The Personal Property Floater Risk category.
The Definition lists six categories of eligible Marine risks:
1. Imports
2. Exports
3. Domestic Shipments
4. Instrumentalities of Transportation or Communication
5. Personal Property Floater Risks
6. Commercial Property Floater Risks
Building Ordinance Coverage - correct answer -Whereas the form
covers only for the value of actual damage from a covered cause
of loss, this endorsement covers the insured for enforcement of
laws which require demolition of undamaged portions of buildings
(value of and costs to demolish) and/or higher costs of repair or
reconstruction based on building, zoning or land use laws.
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Umbrella Policy - correct answer -will cover (usually starts at
$1,000,000) her over and above her current liability on both
policies.
Expediting Expenses - correct answer -Reimbursement provided
for the cost of temporary repairs and to expedite permanent
repairs or replacement.
Known Loss - correct answer -States that one cannot insure
against a loss that is already known to have occurred.
Commercial Property Insurance - correct answer -Declarations
Common policy conditions
Commercial property conditions
Coverage form
Causes of loss form - Basic, Broad or Special?
Endorsements (varies)
Value Reporting - correct answer -When a business's personal
property values fluctuate, a single, fixed amount of insurance
could produce either over- or under-insurance at any given time.
INSURANCE CUSTOMER SERVICE REP
440 EXAM REVIEW 2025 BRAND NEW
ACTUAL EXAM WITH ANSWERS.
Personal Inland Marine Policy: Provides coverage for property -
The Personal Property Floater Risk category.
The Definition lists six categories of eligible Marine risks:
1. Imports
2. Exports
3. Domestic Shipments
4. Instrumentalities of Transportation or Communication
5. Personal Property Floater Risks
6. Commercial Property Floater Risks
Building Ordinance Coverage - correct answer -Whereas the form
covers only for the value of actual damage from a covered cause
of loss, this endorsement covers the insured for enforcement of
laws which require demolition of undamaged portions of buildings
(value of and costs to demolish) and/or higher costs of repair or
reconstruction based on building, zoning or land use laws.
, Page | 2
Umbrella Policy - correct answer -will cover (usually starts at
$1,000,000) her over and above her current liability on both
policies.
Expediting Expenses - correct answer -Reimbursement provided
for the cost of temporary repairs and to expedite permanent
repairs or replacement.
Known Loss - correct answer -States that one cannot insure
against a loss that is already known to have occurred.
Commercial Property Insurance - correct answer -Declarations
Common policy conditions
Commercial property conditions
Coverage form
Causes of loss form - Basic, Broad or Special?
Endorsements (varies)
Value Reporting - correct answer -When a business's personal
property values fluctuate, a single, fixed amount of insurance
could produce either over- or under-insurance at any given time.
