Property Insurance Exam Practice Test All Answers
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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...