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Property Insurance Exam Practice Test All Answers Correct 1. What is defined as the chance that a person or business entity will suffer a financial loss? A. Gambling B. Loss exposure C. Risk D. Speculative risk Correct answer: C. Risk 2. What is defined as actual physical destruction of insured property? A. Direct loss B. Indirect loss C. Peril D. Vandalism Correct answer: A. Direct loss 3. Loose tiles hanging from the ceiling are an example of a ______ hazard. A. Men...
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Property Insurance Exam Practice Test All Answers Correct 1. What is defined as the chance that a person or business entity will suffer a financial loss? A. Gambling B. Loss exposure C. Risk D. Speculative risk Correct answer: C. Risk 2. What is defined as actual physical destruction of insured property? A. Direct loss B. Indirect loss C. Peril D. Vandalism Correct answer: A. Direct loss 3. Loose tiles hanging from the ceiling are an example of a ______ hazard. A. Men...