TX Insurance Exam Practice Questions and Answers 100% Pass
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Course
TX Insurance
Institution
TX Insurance
Extended Coverage Perils Wind, Civil Commotion, Smoke, Hail, Aircraft, Vehicles,
Volcanos, Explosion, Riot WC SHAVVER
Perils on an Unendorsed DP1 Policy Fire, Lightening, Internal Explosion
Coverage amount for Trees and Shrubs on a DP1 policy 0
Part of the Policy that lists the insured's limits...
TX Insurance Exam Practice Questions and Answers 100% Pass Extended Coverage Perils ✔✔Wind, Civil Commotion, Smoke, Hail, Aircraft, Vehicles, Volcanos, Explosion, Riot WC SHAVVER Perils on an Unendorsed DP1 Policy ✔✔Fire, Lightening, Internal Explosion Coverage amount fo r Trees and Shrubs on a DP1 policy ✔✔0 Part of the Policy that lists the insured's limits ✔✔Declarations page Subrogation is listed in what part of the contract ✔✔Conditions Part of the contract that tells you what is not covered ✔✔Exclusions Coverage A on a Home Policy ✔✔The structure and anything attached to it, as well as materials used for the home. Coverage B on a Home Policy ✔✔other structures Coverage C on a Home Policy ✔✔Contents Coverage B, coverage limit on an HO ✔✔10% of Coverage A Coverage C, coverage limit on an HO ✔✔50% of Coverage A Coverage D, coverage limit on an HO4 ✔✔30% of Coverage C Coverage D, coverage limit on an HO3 ✔✔30% of Coverage A Coverage D, coverage limit on an HO6 ✔✔50% of Coverage C Loss Settlement on an HO3 for Contents (Cov B) ✔✔ACV Loss Settlement on an HO3 for the Structure (Cov A) ✔✔Replacement Cost ACV ✔✔Replacement Cost - Depreciation Deductible ✔✔Portion of the loss that the customer pays out of pocket Indeminity ✔✔insureds suffering a covered los s are entitled to recover an amount not greater than that which would be necessary to place the insured in the same preloss financial position . Insurable Interest ✔✔A financial interest in property permits someone to buy insurance to protect against the f inancial loss to that property. Speculative Risk ✔✔a risk in which there is a chance of either loss or gain Pure Risk ✔✔chance of only loss Risk ✔✔chance of a loss
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