PERSONAL LINES REVIEW ASSESMENT TEST WITH VERIFIED SOLUTIONS

Personal Lines Review Assesment Test b b b b




With Verified Solutions b b b




Section 1 of a homeowners' policy covers all of the following, except:
B
b B
b b B B
b B
b B
b b B b B B
b B
b B
b




A- Dwelling
B
b




B- Detached garage to house the neighbor's car
B
b B
b B
b b B B
b B
b b B


C- Contents of the dwelling
b B B
b B
b B
b




D- Contents of a detached structure used as an office - correct answer-
b B B
b B
b B
b b B B
b B
b B
b B
b b B B bB
b B
b




By what other name is the DP-3 known?
B
b b B b B b B B
b B
b B
b




A- Basic form
B
b B
b




B- Personal property
B
b b B


C- Dwelling
b B


D- Fair rental value - correct answer-
b B B
b b B b B B bB
b B
b




Which of the following is covered under the DP-1?
B
b B
b b B B
b B
b b B B
b B
b




A- Falling objects
B
b b B


B- Freezing
B
b B
b




C- Lightning
b B


D- Weight of ice, snow, or sleet - correct answer-
b B b B b B B
b b B B
b B
b b B bB b B




Which of the following is not covered under Coverage A of the homeowners'
B
b B
b b B B
b B
b B
b B
b B
b B
b B
b B
b B
b




forms?
B
b




A- Attached structures
B
b b B


B- Dwelling
B
b




C- Construction materials located next to the insured premises
b B B
b B
b b B B
b B
b b B B
b




D- Land - correct answer-
b B b B b B bB B
b




What is another name for the HO-4?
B
b b B B
b b B B
b b B


A- Modified coverage form
B
b B
b B
b




B- Broad form
B
b b B


C- Tenants form
b B B
b




D- Special form - correct answer-
b B b B b B B bB
b b B




Which of the following types of property is subjected to a special sub-limit under
B
b B
b b B B
b b B B
b b B B
b B
b B
b B
b B
b B
b




Coverage C of the Homeowners policy?
B
b B
b b B B
b B
b B
b




A- Ceramic art
B
b b B


B- Tapestries
B
b

, C- Guns b B


D- Movable property - correct answer-
b B b B b B B bB
b b B




Which of the following is not a supplementary payment under Section II of the
B
b b B B
b b B B
b b B b B B
b b B B
b B
b B
b B
b




Homeowners Policy?
B
b b B


A- Defense costs
B
b B
b




B- The insured's loss of earnings
B
b B
b b B B
b b B


C- Expenses incurred by the insured at the insurer's request
b B b B B
b B
b B
b B
b B
b B
b b B


D- Claim settlement payments - correct answer-
b B B
b b B B
b B bB
b B
b




Which of the following vehicles is considered a temporary substitute auto?
B
b b B B
b b B B
b b B B
b b B B
b B
b




A- An auto being test-driven by an insured for possible purchase
B
b b B b B b B B
b B
b B
b B
b b B b B


B- A neighbor's auto borrowed by an insured over a weekend
B
b B
b b B B
b B
b B
b B
b b B B
b B
b B
b




C- A dealer's loaner car used which the insured's auto is being repaired
b B b B B
b B
b b B B
b B
b b B B
b B
b B
b B
b




D- A vehicle rented by the insured on vacation - correct answer-
b B b B b B B
b b B B
b b B b B B
b B bB
b B
b




All of the following are true concerning Section II of the Homeowners Policy
B
b b B b B B
b B
b B
b B
b b B b B B
b bB B
b




EXCEPT:
B
b




A- It provides coverage for suits brought against the insured because of bodily
B
b B
b b B b B B
b B
b B
b b B b B B
b B
b b B


injury
B
b




B- It provides coverage for suits brought against the insured because of property
B
b B
b b B b B B
b B
b B
b b B b B B
b B
b b B


damage
B
b




C- It provides a defense even if a suit against an insured is groundless, false, or
b B b B B
b b B B
b B
b B
b b B b B B
b b B b B B
b B
b B
b




fraudulent
B
b B
b




D- It provides coverage for suits brought against the insured for bodily injury even
b B b B B
b B
b b B b B b B b B b B b B B
b B
b B
b




if the injury was expected or intended by the insured - correct answer-
B
b B
b B
b b B B
b b B B
b B
b B
b B
b B
b b B bB b B




Which of the following is not covered under Part D of the Personal Auto Policy?
B
b b B B
b b B B
b b B b B B
b b B b B B
b b B B
b B
b




A- Road damage to tires
B
b B
b b B B
b




B- Earthquake
B
b




C- Floodb B


D- Riot - correct answer-
b B B
b b B bB B
b




What is covered under Coverage B of the Dwelling form?
b B B
b B
b B
b B
b B
b B
b B
b b B


A- Other Structures
B
b B
b b B


B- Personal Property
B
b B
b




C- Dwelling
b B B
b




D- Fair rental value - correct answer-
b B b B b B B
b B bB
b b B




Which of the following would not be defined as a covered auto under the Personal
B
b b B B
b b B b B B
b b B B
b B
b B
b B
b B
b b B b B


Auto Policy?
B
b B
b




A- A new vehicle acquired during the policy period as long as coverage is
B
b B
b b B b B b B b B b B b B B
b B
b B
b B
b b B


requested within 45 days of taking ownership
B
b B
b b B B
b b B b B B
b




B- A trailer owned by the insured
B
b B
b B
b B
b b B B
b




C- A temporary substitute vehicle being used while the insured vehicle is being
b B b B B
b b B B
b b B B
b B
b B
b b B B
b B
b




repaired
B
b b B


D- The vehicle listed in the declarations - correct answer-
b B b B B
b b B B
b B
b B
b B bB
b b B




Sam Smith owns a watch repair business. His customers leave their watches at
b B b B b B B
b B
b B
b B
b B
b B
b b B B
b B
b




his premises for repair. Sam would be considered a/an:
B
b B
b B
b b B B
b b B B
b B
b B
b