Personal Lines {New York} Final Exam Questions With Verified And Reviewed Answers | Already Passed!!
5 views 0 purchase
Course
PERSONAL LINES
Institution
PERSONAL LINES
Personal Lines {New York} Final
Exam Questions With Verified And
Reviewed Answers | Already
Passed!!
1) Which of the following would be added for coverage under a property policy by
an endorsement? - ANSWER
Additional Insureds
2) Under the automobile assigned risk plan how much co...
Personal Lines {New York} Final
Exam Questions With Verified And
Reviewed Answers | Already
Passed!!
1) Which of the following would be added for coverage under a property policy by
an endorsement? - ANSWER Additional Insureds
2) Under the automobile assigned risk plan how much coverage must be
provided to the insured for liability arising out of the death of two persons caused
by a single auto accident? - ANSWER Up to 100,000$
3) An insured relocated to another state for work. However, she still owns and
insures a house in this state, but has had no one living in it for 3 months. She is
also storing some of furniture and clothes in the house. From an insurance
standpoint, the insured's house is considered - ANSWER Unoccupied
4) If the insured owns a watch valued at $10,000, full coverage can be provided
on a homeowners policy by purchasing the - ANSWER Scheduled personal
property endorsement
5) Which of the following statements is not true regarding a personal umbrella
liability policy? - ANSWER It provides errors and ommissions coverage for an
agency
, 6) What is not part of the policy structure? - ANSWER provisions
7) Under the personal auto policy, liability for bodily injury resulting from the
insureds use of a nonowned automobile is - ANSWER Provided by the
insureds policy on an excess basis
8) What is not true regarding physical damage coverage? - ANSWER Its not
true that the limit of liability is the greater of the actual cash value of the vehicle
at the time of loss or the amount necessary to repair or replace the vehicle.
9) The law that protects consumers against the circulation of inaccurate or
obsolete personal or financial information is known as - ANSWER The fair
credit reporting act
10) Transportation expenses are covered under a personal auto policy - ANSWER
$20 per day for a max of $600
11)1 An insured's roof cost $4,000 when installed 5 years ago. It has been
damaged by hail and must be replaced. The new roof will cost $6,000 at today's
prices. If the roof has been depreciating at $200 per year and his policy is ACV,
how much will it pay toward the insured's new roof? - ANSWER $5,000
12) Which of the following kinds of property would be covered under a dwelling
policy? - ANSWER Rowboats
13) Under the conditions of the dwelling policy within how many days does an
insurer have to pay for a loss once a proof of loss form has been received and an
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller NURSINGDICTIONARY. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.64. You're not tied to anything after your purchase.
