©NINJANERD 2024/2025. YEAR PUBLISHED 2024.
Property Certification Exam #1361
Questions and Answers 100% Solved
Which condition provides the insurer the right to collect against a
responsible third party?
A
Restoration
B
Subrogation
C
Liberalization
D
No Benefit to Bailee - ✔✔B
Subrogation
The scrap value of damaged property is the:
A
,©NINJANERD 2024/2025. YEAR PUBLISHED 2024.
Salvage value
B
Appraisal value
C
Actual cash value
D
Arbitration value - ✔✔A
Salvage value
Lightning strikes a home and starts a fire that destroys the structure and its
contents. The lightning is the:
A
Pure risk
B
Speculative risk
C
Proximate cause
D
Indirect loss - ✔✔C
, ©NINJANERD 2024/2025. YEAR PUBLISHED 2024.
Proximate cause
For insurance purposes, an unfurnished beach house in which no one lives
is considered:
A
Empty
B
Unoccupied
C
Unused
D
Vacant - ✔✔B
Unoccupied
Which of the following is an example of a peril?
A
Indifference
B
Earthquake
Property Certification Exam #1361
Questions and Answers 100% Solved
Which condition provides the insurer the right to collect against a
responsible third party?
A
Restoration
B
Subrogation
C
Liberalization
D
No Benefit to Bailee - ✔✔B
Subrogation
The scrap value of damaged property is the:
A
,©NINJANERD 2024/2025. YEAR PUBLISHED 2024.
Salvage value
B
Appraisal value
C
Actual cash value
D
Arbitration value - ✔✔A
Salvage value
Lightning strikes a home and starts a fire that destroys the structure and its
contents. The lightning is the:
A
Pure risk
B
Speculative risk
C
Proximate cause
D
Indirect loss - ✔✔C
, ©NINJANERD 2024/2025. YEAR PUBLISHED 2024.
Proximate cause
For insurance purposes, an unfurnished beach house in which no one lives
is considered:
A
Empty
B
Unoccupied
C
Unused
D
Vacant - ✔✔B
Unoccupied
Which of the following is an example of a peril?
A
Indifference
B
Earthquake
