MO Property and Casualty Exam with 100% correct solutions 2024

Which of the following personal auto coverages would pay for the insured's travel expenses and loss of earnings while involved in the settlement process of a covered loss? correct answers Liability coverage What are the two types of compensatory damages? correct answers Special and general Which part of an insurance policy covers claims-related expenses, reasonable expenses incurred by an insured to protect damaged property from further loss, or defense expenses? correct answers Additional coverage Which of the following policies will help an auto dealership cover most of its liability exposures? correct answers A garage liability coverage Under the commercial property coverage program, the basic causes of loss form insures against loss caused by... correct answers Sprinkler leakage The businessowners policy liability coverage will pay for necessary medical expenses of others incurred within what max time period? correct answers 1 year The insured with a claims-made commercial general liability (CGL) policy may request in writing claim and occurrence information from the insurer at any time up to 60 days after the policy period ends. The insurer must provide the information... correct answers Within 45 days In the personal auto policy, owned trailers being towed by an insured auto are automatically covered for correct answers Uninsured motorist coverage, bodily injury, and property damage A basic dwelling policy automatically provides coverage against fire, lightning, and correct answers Internal explosion Payment for medical expenses, loss of wages, funeral expenses, or the cost to repair or replace damaged property are known as what type of compensatory damages? correct answers Special What term includes damage where the insured peril was the proximate cause of loss? correct answers Direct loss In liability insurance policies, supplementary payments are made correct answers In addition to the limit of liability