Texas Property and Casualty practice exam.pdf file:///C:/Users/HP/Desktop/eewwww/Texas%20Property%20and%20
Texas Property And Casualty Practice Exam
1. Coverage for water backup or sump pump overflow is excluded from the Dwelling
Policy. However, with the purchase of the water backup and sump pump overflow
endorsement, coverage for up to $5,000 in loss or damage canbe provided for an additional
premium.What is the deductible associated withthis coverage?
ANS $250
Coverage for up to $5,000 in loss or damage, subject to a $250 deductible, can beprovided for
an additional premium with this endorsement.
2. An insured relocated to another state for work. However, she still owns andinsures a
house in this state, but has had no one living in it for 3 months. Sheis also storing some
furniture and clothes in the house. From an insurance standpoint, the insured's house is
considered
ANS Unoccupied
Unoccupancy refers to an insured structure in which no people have been living orworking
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,Texas Property and Casualty practice exam.pdf file:///C:/Users/HP/Desktop/eewwww/Texas%20Property%20and%20
within the required period of time, but the structure contains contents.
3. Individuals in the business of selling construction equipment and mobileequipment
should insure with a/an
ANS Equipment dealers coverage form
An equipment dealer's coverage form covers a dealer's stock in trade consisting primarily of
mobile agricultural equipment and construction equipment.It also coversproperty of others in the
dealer's care, custody, or control. It excludes coverage forautos, motorcycles, aircraft, and
watercraft.
4. All of the following are true regarding deposit premium
ANS It must be paid inadvance.
It is an estimated premium paid at the policy issue.It could
be adjusted by the audit.
Deposit premium is an estimated premium paid in advance at the time the policy isissued that
may be adjusted by the audit based on actual exposures.
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