Personal Lines 20-44 2025/2026 QUESTIONS AND ANSWERS
GUARANTEE A+
All of the following are eligible classes of property in an Inland Marine or Homeowners policy
EXCEPT which of the following?
A) Cameras and camera equipment
B) Fine arts
C) Inventory of insured's retail pet store
D) Jewelry - C) Inventory of insured's retail pet store
Brian Neptune, your Homeowners insured, has purchased a small watercraft #14937(16 feet
long) with a small outboard motor (25 horsepower) and he is concerned about a lawsuit should
he damage another boater. He specifically wants to know if his Homeowners policy will provide
any Liability coverage.
A) You tell Mr. Neptune that ALL watercraft exposures are excluded under his Homeowners
policy.
B) You tell Mr. Neptune that his Homeowners policy will extend Liability coverage for his
watercraft as it meets the size and horsepower limits thresholds.
C) You tell Mr. Neptune that his Auto policy will cover his watercraft exposure.
D) You tell Mr. Neptune that his Homeowners policy will not provide any Liability coverage as
his boat's size and horsepower exceed the stated maximums in the policy. - B) You tell Mr.
Neptune that his Homeowners policy will extend Liability coverage for his watercraft as it meets
the size and horsepower limits thresholds.
,Flood or Flooding is defined as the partial or complete inundation of ___ or more acres of
normally dry land or of ___ or more properties.
A) One
B) Two
C) Five
D) Ten - B) Two
The Preferred Risk Flood Policy is available in which Flood Zones? (choose all that apply)
A) Flood Zone A
B) Flood Zone B
C) Flood Zone C
D) Flood Zone X - B) Flood Zone B
C) Flood Zone C
D) Flood Zone X
While explaining to your insured her Jewelry Personal Articles Floater you advise #14929her
that inherent vice is specifically excluded. How will you explain the concept of "inherent vice" to
your insured?
A) You tell her inherent vice is when an insured intentionally damages their own property.
B) You advise her that inherent vice is when a loss occurs after the policy term has expired.
C) You advise her that inherent vice is an internal quality of property which leads to its own
damage.
,D) None of the above - C) You advise her that inherent vice is an internal quality of property
which leads to its own damage.
What is the minimum amount of coverage for Loss Assessment in a Florida HO-6 Condominium
policy?
A)$1,000
B)$2,000
C)$5,000
D)$10,000 - B)$2,000
A Tenant occupied home with a DP-3 Dwelling Fire policy insuring it has Coverage D
automatically in the policy. What does Coverage D cover?
A) The insured's loss of Fair Rent in the event of the insured property being damaged by a
covered peril and the dwelling being uninhabitable.
B) The insured's financial loss for any additional expenses necessary to maintain the insured's
normal standard of living.
C) Thirty days coverage for removed property at a temporary location.
D) Debris Removal - A) The insured's loss of Fair Rent in the event of the insured property being
damaged by a covered peril and the dwelling being uninhabitable.
What must be added to the DP-1 policy form before the Vandalism peril #14936can be added to
the policy.
A) Incidental Coverages (IC)
, B) Liability Coverages (LC)
C) Extended Coverages (EC)
D) Additional Coverages (AC) - C) Extended Coverages (EC)
Craig Gorney has suffered a compensable Theft loss and is in need of a replacement for his
stolen vehicle. You advise Craig that the Transportation Expense coverage begins ___ hours after
a Theft loss.
A) 24
B) 48
C) 72
D) 96 - B) 48
Lucille Struthers, your insured, has purchased a brand new vehicle which is a substitute vehicle
for her old broken down pickup truck. The finance company is requiring Comprehensive and
Collision coverage to be placed on the vehicle. How many days does Lucille have to add the
vehicle to her policy?
A) 4 days
B) 14 days
C) 30 days
D) No time limit - B) 14 days
Substitute vehicles must be added to a PAP within fourteen (14) days of ownership to be covered
for Physical Damage coverage.
The DP-2 policy form covers which of the following perils? (choose all that apply)
A) damage by burglars
GUARANTEE A+
All of the following are eligible classes of property in an Inland Marine or Homeowners policy
EXCEPT which of the following?
A) Cameras and camera equipment
B) Fine arts
C) Inventory of insured's retail pet store
D) Jewelry - C) Inventory of insured's retail pet store
Brian Neptune, your Homeowners insured, has purchased a small watercraft #14937(16 feet
long) with a small outboard motor (25 horsepower) and he is concerned about a lawsuit should
he damage another boater. He specifically wants to know if his Homeowners policy will provide
any Liability coverage.
A) You tell Mr. Neptune that ALL watercraft exposures are excluded under his Homeowners
policy.
B) You tell Mr. Neptune that his Homeowners policy will extend Liability coverage for his
watercraft as it meets the size and horsepower limits thresholds.
C) You tell Mr. Neptune that his Auto policy will cover his watercraft exposure.
D) You tell Mr. Neptune that his Homeowners policy will not provide any Liability coverage as
his boat's size and horsepower exceed the stated maximums in the policy. - B) You tell Mr.
Neptune that his Homeowners policy will extend Liability coverage for his watercraft as it meets
the size and horsepower limits thresholds.
,Flood or Flooding is defined as the partial or complete inundation of ___ or more acres of
normally dry land or of ___ or more properties.
A) One
B) Two
C) Five
D) Ten - B) Two
The Preferred Risk Flood Policy is available in which Flood Zones? (choose all that apply)
A) Flood Zone A
B) Flood Zone B
C) Flood Zone C
D) Flood Zone X - B) Flood Zone B
C) Flood Zone C
D) Flood Zone X
While explaining to your insured her Jewelry Personal Articles Floater you advise #14929her
that inherent vice is specifically excluded. How will you explain the concept of "inherent vice" to
your insured?
A) You tell her inherent vice is when an insured intentionally damages their own property.
B) You advise her that inherent vice is when a loss occurs after the policy term has expired.
C) You advise her that inherent vice is an internal quality of property which leads to its own
damage.
,D) None of the above - C) You advise her that inherent vice is an internal quality of property
which leads to its own damage.
What is the minimum amount of coverage for Loss Assessment in a Florida HO-6 Condominium
policy?
A)$1,000
B)$2,000
C)$5,000
D)$10,000 - B)$2,000
A Tenant occupied home with a DP-3 Dwelling Fire policy insuring it has Coverage D
automatically in the policy. What does Coverage D cover?
A) The insured's loss of Fair Rent in the event of the insured property being damaged by a
covered peril and the dwelling being uninhabitable.
B) The insured's financial loss for any additional expenses necessary to maintain the insured's
normal standard of living.
C) Thirty days coverage for removed property at a temporary location.
D) Debris Removal - A) The insured's loss of Fair Rent in the event of the insured property being
damaged by a covered peril and the dwelling being uninhabitable.
What must be added to the DP-1 policy form before the Vandalism peril #14936can be added to
the policy.
A) Incidental Coverages (IC)
, B) Liability Coverages (LC)
C) Extended Coverages (EC)
D) Additional Coverages (AC) - C) Extended Coverages (EC)
Craig Gorney has suffered a compensable Theft loss and is in need of a replacement for his
stolen vehicle. You advise Craig that the Transportation Expense coverage begins ___ hours after
a Theft loss.
A) 24
B) 48
C) 72
D) 96 - B) 48
Lucille Struthers, your insured, has purchased a brand new vehicle which is a substitute vehicle
for her old broken down pickup truck. The finance company is requiring Comprehensive and
Collision coverage to be placed on the vehicle. How many days does Lucille have to add the
vehicle to her policy?
A) 4 days
B) 14 days
C) 30 days
D) No time limit - B) 14 days
Substitute vehicles must be added to a PAP within fourteen (14) days of ownership to be covered
for Physical Damage coverage.
The DP-2 policy form covers which of the following perils? (choose all that apply)
A) damage by burglars
