AINS 102 CHAPTER PRACTICE QUIZZES QUESTIONS AND ANSWERS 100% CORRECT!!

A) Lost income B) Increased expense C) Reduction of property value D) Special Damages - ANSWER B All of the following are considered personal property, EXCEPT: A) Cherry Tree B) Patent C) Revolver D) Antique Patio - ANSWER A SF Poultry learned that a number of individuals had become ill and hospitalized after eating chicken from one of its processing plants. The company did not advise the public or its distributors of the problem, and made no effort to recall the spoiled product. Over 50 individuals ended-up becoming ill from the spoiled chicken. SF Poultry was found liable in court. In addition to having to pay the medical and hospital bills for the injured individuals, damages were levied against SF Poultry to punish the company for its reckless and deceitful actions. These damages that were levied against SF Poultry are known as A) General Damages B) Necessary Damages C) Punitive Damages D) Special Damages - ANSWER C All of the following could lead to a liability loss for a family, EXCEPT: A) The daughter, who is 16 years old, sideswipes a neighbor's car and dents its fender while driving her own car. B) The son, who is 13 years old, throws a rock at a classmate who requires stitches for an injury to his head. C) A guest slips on an icy sidewalk in front of the family's home and breaks his leg. D) The father trips on a broom he left lying in the driveway and breaks his arm - ANSWER D Which one of the following is true regarding the use of technology in home risk management? A) Sensors are generally regarded as useful in loss prevention, but not in loss reduction. B) Data gathered from sensors is used by insurers for personalized pricing and claims handling. C) Technology is more prevalent, abundant, and useful in homes than in automotive environments. D) Smart devices in the home have reaffirmed the need for existing claims data to assess risk. - ANSWER B All of the following are true of the HO-3 Special Form, EXCEPT: