AIC 304 Study Questions and Answers Latest
Update
Terms in this set (50)
A. Property insured under Coverage A--Dwelling.
B. Personal property.
The insurance-to-value C. Property insured under Coverage A--Dwelling
provision often found in and Coverage B--Other Structures.
homeowners policies D. Property insured under Coverage B--Other
applies only to Structures
C
Benjamin is a claims A. Wholesaler.
representative handling a B. Salvor.
merchandise loss. He C. Public adjuster.
needs someone to D. Junk dealer.
prepare an inventory of
the damaged goods, B
verify their value,
preserve damaged items,
locate the best market
for salvageable items,
and oversee the sale.
Benjamin should hire a(n)
,Philip is a claims A. The schedule of vehicles
representative for B. The insured's trip transit policy
Goshen Insurance. He is C. The schedule of terminals
working on a motor truck D. The carrier section of the bill of lading
cargo (MTC) liability
claim and is trying to D
determine if the entity
facing legal liability for
the cargo loss is an
insured under the MTC
policy. In addition to the
blanket MTC policy,
Philip will need to review
which one of the
following?
Brenda and Tyrone are A. They would be covered for $2,700, the total of
homeowners with a both their mortgage and the rent on their temporary
monthly mortgage of apartment.
$1,200. Their home B. They would be covered for $1,500 a month, the
sustains damage from a full rent on their temporary apartment.
fire, and restoration is C. They would be covered for $300 a month, the
expected to take several difference between their mortgage and temporary
months to complete. monthly rent.
They rent an apartment D. There would be no coverage, as additional living
with a monthly rent of expenses are provided only if the temporary
$1,500 to occupy during housing expense is equal to or less than that of the
restoration. Which one of damaged property.
the following statements
regarding their additional B
living expenses under
Coverage D in ISO
homeowners policy
forms is most accurate?
, Katarina is a claims A. Whether a fire occurred.
representative who is B. Grounds for denying the claim.
discussing a property C. Whether an explosion occurred.
loss incident with the D. Grounds for accepting the claim.
insured. She has asked
him if a violent expansion C
of air occurred, if a loud
noise was reported, and
if a sudden and violent
outbreak of physical
forces occurred. Katarina
is trying to determine
A. Confirm who owns the property that has been
reported stolen.
Alex is a claims adjuster B. Determine if theft is a covered loss and identify
handling a claim for theft policy limitations.
of covered property. C. Determine who has an insurable interest in the
Alex's first step should be property.
to D. Obtain a police report of the incident.
B
Update
Terms in this set (50)
A. Property insured under Coverage A--Dwelling.
B. Personal property.
The insurance-to-value C. Property insured under Coverage A--Dwelling
provision often found in and Coverage B--Other Structures.
homeowners policies D. Property insured under Coverage B--Other
applies only to Structures
C
Benjamin is a claims A. Wholesaler.
representative handling a B. Salvor.
merchandise loss. He C. Public adjuster.
needs someone to D. Junk dealer.
prepare an inventory of
the damaged goods, B
verify their value,
preserve damaged items,
locate the best market
for salvageable items,
and oversee the sale.
Benjamin should hire a(n)
,Philip is a claims A. The schedule of vehicles
representative for B. The insured's trip transit policy
Goshen Insurance. He is C. The schedule of terminals
working on a motor truck D. The carrier section of the bill of lading
cargo (MTC) liability
claim and is trying to D
determine if the entity
facing legal liability for
the cargo loss is an
insured under the MTC
policy. In addition to the
blanket MTC policy,
Philip will need to review
which one of the
following?
Brenda and Tyrone are A. They would be covered for $2,700, the total of
homeowners with a both their mortgage and the rent on their temporary
monthly mortgage of apartment.
$1,200. Their home B. They would be covered for $1,500 a month, the
sustains damage from a full rent on their temporary apartment.
fire, and restoration is C. They would be covered for $300 a month, the
expected to take several difference between their mortgage and temporary
months to complete. monthly rent.
They rent an apartment D. There would be no coverage, as additional living
with a monthly rent of expenses are provided only if the temporary
$1,500 to occupy during housing expense is equal to or less than that of the
restoration. Which one of damaged property.
the following statements
regarding their additional B
living expenses under
Coverage D in ISO
homeowners policy
forms is most accurate?
, Katarina is a claims A. Whether a fire occurred.
representative who is B. Grounds for denying the claim.
discussing a property C. Whether an explosion occurred.
loss incident with the D. Grounds for accepting the claim.
insured. She has asked
him if a violent expansion C
of air occurred, if a loud
noise was reported, and
if a sudden and violent
outbreak of physical
forces occurred. Katarina
is trying to determine
A. Confirm who owns the property that has been
reported stolen.
Alex is a claims adjuster B. Determine if theft is a covered loss and identify
handling a claim for theft policy limitations.
of covered property. C. Determine who has an insurable interest in the
Alex's first step should be property.
to D. Obtain a police report of the incident.
B
