Property Casualty Insurance CE
questions with best answers
Fire Insurance policies are usually named peril policies - answersTrue
A policy insuring against fire losses covers every loss, damage or injury to the insured
property of the fire that is assumed to be the cause. - answersFalse
A fire insurance policy can cover a building or it can cover contents or both. In order to
cover both, it must be so stated since fire insurance is a named peril coverage. -
answersTrue
Concealment or fraud can take place either before or after a loss has occurred. -
answersTrue
The insurance company has a right of subrogation in the case of a dispute over the
value of the property to be indemnified. - answersFalse
There are no limitations on the insured's right to bring legal action. He or she can sue
even if all requirements are not satisfied. - answersFalse
A percentage may be applied to appurtenant structures, such as garages. -
answersTrue
Floater forms are used to cover items that are sometimes moved and whose location
cannot be specifically described. - answersTrue
The most common endorsement added to a standard fire insurance policy is the
extended coverage endorsement. - answersTrue
The rarest type of insurance for consequential or indirect losses is business interruption
insurance. - answersFalse
With the value form a particular value is paid in the event of loss. - answersTrue
Rental value insurance insures the value of rentals which are because a building suffers
a loss covered under the policy. - answersTrue
Personal Business Interruption covers a person who is compensated on commission
when the business for which he or she sells has an interruption cause by a peril covered
under the policy. - answersTrue
questions with best answers
Fire Insurance policies are usually named peril policies - answersTrue
A policy insuring against fire losses covers every loss, damage or injury to the insured
property of the fire that is assumed to be the cause. - answersFalse
A fire insurance policy can cover a building or it can cover contents or both. In order to
cover both, it must be so stated since fire insurance is a named peril coverage. -
answersTrue
Concealment or fraud can take place either before or after a loss has occurred. -
answersTrue
The insurance company has a right of subrogation in the case of a dispute over the
value of the property to be indemnified. - answersFalse
There are no limitations on the insured's right to bring legal action. He or she can sue
even if all requirements are not satisfied. - answersFalse
A percentage may be applied to appurtenant structures, such as garages. -
answersTrue
Floater forms are used to cover items that are sometimes moved and whose location
cannot be specifically described. - answersTrue
The most common endorsement added to a standard fire insurance policy is the
extended coverage endorsement. - answersTrue
The rarest type of insurance for consequential or indirect losses is business interruption
insurance. - answersFalse
With the value form a particular value is paid in the event of loss. - answersTrue
Rental value insurance insures the value of rentals which are because a building suffers
a loss covered under the policy. - answersTrue
Personal Business Interruption covers a person who is compensated on commission
when the business for which he or she sells has an interruption cause by a peril covered
under the policy. - answersTrue
