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FLORIDA PERSONAL LINES EXAM
QUESTIONS WITH DETAILED VERIFIED
ANSWERS
Under Part A of a Personal Auto Policy, which of the following losses
would be covered?
A.) Damage to property being transported by the insured
B.) Damage to a neighbor's parked car
C.) Damage to a neighbor's lawn mower in the care of the insured
D.) Damage to the home the insured owns Ans: B.) Damage to a
neighbor's parked car
Which of the following is true regarding the Fine Arts Floater?
A.) Coverage is limited to the United States, Canada, and Mexico
B.) Coverage is primarily for stamps and coins
C.) It provides automatic coverage on newly acquired items for 90 days
D.) It settles losses on an ACV basis Ans: C.) It provides automatic
coverage on newly acquired items for 90 days
All of the following statements are correct about a Homeowners Policy,
except:
A.) Home schooling is covered under a Homeowners Policy
B.) Coverage D of a Homeowners Policy includes loss of income from an
incidental business
C.) A Homeowners Policy will not cover theft of a boat away from
premises
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D.) Coverage D of a Homeowners Policy covers additional living expenses
Ans: B.) Coverage D of a Homeowners Policy includes loss of income
from an incidental business
Under disability income insurance, a monthly benefit will be ________ of
the insured's monthly income.
A.) 80 1/2%
B.) 66 2/3%
C.) 70 2/3%
D.) 50 3/4% Ans: B.) 66 2/3%
All of the following items of property are considered property not covered
under Coverage C of a Homeowners policy, except:
A.) Credit cards
B.) Personal property of a guest
C.) Pets
D.) Personal property of a tenant Ans: B.) Personal property of a guest
Which of the following is NOT a purpose of licensing?
A.) For the applicant to be familiar with the Florida insurance laws
B.) To authorize and enable the licensee to actively and in good faith
engage in the insurance business as an agent
C.) To facilitate the public supervision of such activities in the public
interest
D.) To authorize the agent to insure risks Ans: D.) To authorize the
agent to insure risks
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Liability coverage provided by a Personal Auto policy would cover which
of the following damages?
A.) Damage to property being transported by the insured in a covered
auto
B.) Damage to a private garage rented to the insured, caused by the
insured's child driving a covered auto
C.) Damage to a neighbor's riding lawn mower that is in the care of the
insured
D.) Damage to a storefront caused by a valet driver operating a covered
auto Ans: B.) Damage to a private garage rented to the insured, caused
by the insured's child driving a covered auto
Which policy provision omits certain risks from coverage?
A.) Conditions
B.) Additional Coverages
C.) Exclusions
D.) Declarations Ans: C.) Exclusions
When an underlying policy does not cover a particular loss, the insured's
Umbrella Liability policy will drop down and cover the entire loss, after
payment by the insured of a:
A.) Deductible
B.) Self-insured retention
C.) Copayment
D.) Commission Ans: B.) Self-insured retention
Liability coverage may be provided by a Homeowners policy for the
insured's use of which of the following watercraft?
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A.) 20-foot sailing boat
B.) Private yacht owned by the insured
C.) Rented pontoon boat to entertain business clients
D.) Racing cruiser Ans: A.) 20-foot sailing boat
An insured owns a home with a replacement cost of $300,000 and a
market value of $250,000. What is the most a valued policy will pay in
the event of a total loss without a deductible?
A.) $240,000
B.) $250,000
C.) The policy limit
D.) $300,000 Ans: C.) The policy limit
Policyholder J hit a deer with their Honda. J has collision coverage with a
$250 deductible and other than collision coverage with a $50 deductible.
The damage to J's car was $450. How much will the policy pay?
A.) $200
B.) Nothing
C.) $400
D.) $150 Ans: C.) $400
Under all the Dwelling Forms, the dwelling described in the Declarations
is covered under:
A.) Coverage A
B.) Coverage B
C.) Coverage E
FLORIDA PERSONAL LINES EXAM
QUESTIONS WITH DETAILED VERIFIED
ANSWERS
Under Part A of a Personal Auto Policy, which of the following losses
would be covered?
A.) Damage to property being transported by the insured
B.) Damage to a neighbor's parked car
C.) Damage to a neighbor's lawn mower in the care of the insured
D.) Damage to the home the insured owns Ans: B.) Damage to a
neighbor's parked car
Which of the following is true regarding the Fine Arts Floater?
A.) Coverage is limited to the United States, Canada, and Mexico
B.) Coverage is primarily for stamps and coins
C.) It provides automatic coverage on newly acquired items for 90 days
D.) It settles losses on an ACV basis Ans: C.) It provides automatic
coverage on newly acquired items for 90 days
All of the following statements are correct about a Homeowners Policy,
except:
A.) Home schooling is covered under a Homeowners Policy
B.) Coverage D of a Homeowners Policy includes loss of income from an
incidental business
C.) A Homeowners Policy will not cover theft of a boat away from
premises
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D.) Coverage D of a Homeowners Policy covers additional living expenses
Ans: B.) Coverage D of a Homeowners Policy includes loss of income
from an incidental business
Under disability income insurance, a monthly benefit will be ________ of
the insured's monthly income.
A.) 80 1/2%
B.) 66 2/3%
C.) 70 2/3%
D.) 50 3/4% Ans: B.) 66 2/3%
All of the following items of property are considered property not covered
under Coverage C of a Homeowners policy, except:
A.) Credit cards
B.) Personal property of a guest
C.) Pets
D.) Personal property of a tenant Ans: B.) Personal property of a guest
Which of the following is NOT a purpose of licensing?
A.) For the applicant to be familiar with the Florida insurance laws
B.) To authorize and enable the licensee to actively and in good faith
engage in the insurance business as an agent
C.) To facilitate the public supervision of such activities in the public
interest
D.) To authorize the agent to insure risks Ans: D.) To authorize the
agent to insure risks
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Liability coverage provided by a Personal Auto policy would cover which
of the following damages?
A.) Damage to property being transported by the insured in a covered
auto
B.) Damage to a private garage rented to the insured, caused by the
insured's child driving a covered auto
C.) Damage to a neighbor's riding lawn mower that is in the care of the
insured
D.) Damage to a storefront caused by a valet driver operating a covered
auto Ans: B.) Damage to a private garage rented to the insured, caused
by the insured's child driving a covered auto
Which policy provision omits certain risks from coverage?
A.) Conditions
B.) Additional Coverages
C.) Exclusions
D.) Declarations Ans: C.) Exclusions
When an underlying policy does not cover a particular loss, the insured's
Umbrella Liability policy will drop down and cover the entire loss, after
payment by the insured of a:
A.) Deductible
B.) Self-insured retention
C.) Copayment
D.) Commission Ans: B.) Self-insured retention
Liability coverage may be provided by a Homeowners policy for the
insured's use of which of the following watercraft?
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A.) 20-foot sailing boat
B.) Private yacht owned by the insured
C.) Rented pontoon boat to entertain business clients
D.) Racing cruiser Ans: A.) 20-foot sailing boat
An insured owns a home with a replacement cost of $300,000 and a
market value of $250,000. What is the most a valued policy will pay in
the event of a total loss without a deductible?
A.) $240,000
B.) $250,000
C.) The policy limit
D.) $300,000 Ans: C.) The policy limit
Policyholder J hit a deer with their Honda. J has collision coverage with a
$250 deductible and other than collision coverage with a $50 deductible.
The damage to J's car was $450. How much will the policy pay?
A.) $200
B.) Nothing
C.) $400
D.) $150 Ans: C.) $400
Under all the Dwelling Forms, the dwelling described in the Declarations
is covered under:
A.) Coverage A
B.) Coverage B
C.) Coverage E
