rmin 2005 exam 4 Questions and Answers
Graded A+
coverage e- personal liability - Correct answer-coverage the covers bodily injury
for which an insured is legally liable and property damage for which an insured is
legally liabble
blanket limit - Correct answer-one limit per occurence for property damage and
bodily injury liability
coverage f- medical payments - Correct answer-coverage that pays for medical
expenses that occur on your property that isnt your fault
coverage f- medical payments - Correct answer-coverage that pays for bodily
injury expneses to person on the insured location with permission, activities of the
insured off location, and activities of the insured resident employee or insured
animal
exception motocraft - Correct answer-exception where there is damaged done from
use of golfcart when they will be covered
expected injury - Correct answer-exception that reduces moral/morale hazard
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,yes - Correct answer-is an insureds spouse covered
no - Correct answer-is a person living in home 25 covered
yes - Correct answer-is a person who is a resident relative covered
no - Correct answer-is a person who is your uncle living next door covered
yes - Correct answer-is other resident under 21 and in the care of a person insured
covered
yes - Correct answer-is a student under 24 and your relative who used to live in the
house covered
ho1 - Correct answer-includes coverage a, b, c, d e and f and covers the first eight
named perils
ho2 - Correct answer-includes coverage a b c d e and f and covers the first eight
and second eight perils
ho3 - Correct answer-includes coverage a b c d e f which a b and d being open
perils and coverage c covers the first eight and second eight perils
ho3 - Correct answer-what is the most common form of ho3
ho4 - Correct answer-coverages c d e and f and covers the first and second eight
perils and is considered the renters insurance
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,ho5 - Correct answer-coverages a b c d e and f and all coverages are open perils
ho6 - Correct answer-includes coverages c d e and f and covers first and second 8
perils while also covering built in, applicances, cabinets, and loss assessments and
is considered for condos
ho8 - Correct answer-coverages a b c d e and f with coverage a and b are paid on
repair cost and for older homes
repair cost - Correct answer-instead of paying to replace structure they pay you to
repair the coverage because they are specifically tailored to older homes
coverage a dwelling - Correct answer--protects the dwelling and any attachments
-does not cover any damage to the land
coverage b-other structures - Correct answer--protects other, unattached, dwellings
on the property.
-covers landscaping as well as buildings, but not the land.
-does not cover other structures used for business purposes.
coverage c- unscheduled personal property - Correct answer-contents, movable
property
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, limit is usually 50 percent of coverage a and covers property anywhere in the
world
coverage d-loss of use - Correct answer-30 percent of coverage a and pays
additional living expense if the home is no t fit to live in
first eight perils - Correct answer-fire or lightening, windstorm or hail, explosion,
riot or civil commotion, aircraft, vehicles, smoke, vandalism or malicious mischief
second eight perils - Correct answer-theft, falling objects, weight of ice, snow or
sleet, accidental discharge or overflow of water or steam, sudden and accidental
tearing apart, burning or bulging, freezing of plumbing air condiontioning or
sprinkler system or household applicance, suddent and accidental damage from
artificially generated currents, volcanic eruption
section 1 exclusions - Correct answer-ordinance or law, earth movement, water
damage, power failure, neglect, war, nuclear hazard, intentioanl loss, governmental
actions,
part a- liability - Correct answer-pays for bodily injury or property damage of
others an dpays supplementary payments
split limits - Correct answer-1st number is for bodily injury per person, 2nd is
bodily injury per accident and 3rd is property damage per accident
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Graded A+
coverage e- personal liability - Correct answer-coverage the covers bodily injury
for which an insured is legally liable and property damage for which an insured is
legally liabble
blanket limit - Correct answer-one limit per occurence for property damage and
bodily injury liability
coverage f- medical payments - Correct answer-coverage that pays for medical
expenses that occur on your property that isnt your fault
coverage f- medical payments - Correct answer-coverage that pays for bodily
injury expneses to person on the insured location with permission, activities of the
insured off location, and activities of the insured resident employee or insured
animal
exception motocraft - Correct answer-exception where there is damaged done from
use of golfcart when they will be covered
expected injury - Correct answer-exception that reduces moral/morale hazard
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
,yes - Correct answer-is an insureds spouse covered
no - Correct answer-is a person living in home 25 covered
yes - Correct answer-is a person who is a resident relative covered
no - Correct answer-is a person who is your uncle living next door covered
yes - Correct answer-is other resident under 21 and in the care of a person insured
covered
yes - Correct answer-is a student under 24 and your relative who used to live in the
house covered
ho1 - Correct answer-includes coverage a, b, c, d e and f and covers the first eight
named perils
ho2 - Correct answer-includes coverage a b c d e and f and covers the first eight
and second eight perils
ho3 - Correct answer-includes coverage a b c d e f which a b and d being open
perils and coverage c covers the first eight and second eight perils
ho3 - Correct answer-what is the most common form of ho3
ho4 - Correct answer-coverages c d e and f and covers the first and second eight
perils and is considered the renters insurance
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
,ho5 - Correct answer-coverages a b c d e and f and all coverages are open perils
ho6 - Correct answer-includes coverages c d e and f and covers first and second 8
perils while also covering built in, applicances, cabinets, and loss assessments and
is considered for condos
ho8 - Correct answer-coverages a b c d e and f with coverage a and b are paid on
repair cost and for older homes
repair cost - Correct answer-instead of paying to replace structure they pay you to
repair the coverage because they are specifically tailored to older homes
coverage a dwelling - Correct answer--protects the dwelling and any attachments
-does not cover any damage to the land
coverage b-other structures - Correct answer--protects other, unattached, dwellings
on the property.
-covers landscaping as well as buildings, but not the land.
-does not cover other structures used for business purposes.
coverage c- unscheduled personal property - Correct answer-contents, movable
property
©COPYRIGHT 2025, ALL RIGHTS RESERVED 3
, limit is usually 50 percent of coverage a and covers property anywhere in the
world
coverage d-loss of use - Correct answer-30 percent of coverage a and pays
additional living expense if the home is no t fit to live in
first eight perils - Correct answer-fire or lightening, windstorm or hail, explosion,
riot or civil commotion, aircraft, vehicles, smoke, vandalism or malicious mischief
second eight perils - Correct answer-theft, falling objects, weight of ice, snow or
sleet, accidental discharge or overflow of water or steam, sudden and accidental
tearing apart, burning or bulging, freezing of plumbing air condiontioning or
sprinkler system or household applicance, suddent and accidental damage from
artificially generated currents, volcanic eruption
section 1 exclusions - Correct answer-ordinance or law, earth movement, water
damage, power failure, neglect, war, nuclear hazard, intentioanl loss, governmental
actions,
part a- liability - Correct answer-pays for bodily injury or property damage of
others an dpays supplementary payments
split limits - Correct answer-1st number is for bodily injury per person, 2nd is
bodily injury per accident and 3rd is property damage per accident
©COPYRIGHT 2025, ALL RIGHTS RESERVED 4
