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Personal Lines Questions With Complete Solutions
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Personal Lines Questions With Complete Solutions
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Personal Lines Questions With Complete SolutionsAre antique vehicles covered under a personal auto policy in the
state of Arizona. Correct Answer yes, they are covered, even
though GEICO does not cover them.
Can theft be added as a covered peril on a dwelling policy?
Correct Answer Yes theft of the structure can be added as an
endorsement on DP3
Do supplementary payments affect policy limit when defending
PH in court? Correct Answer No
Dose a dwelling policy cover liability? Correct Answer No
liability is only covered on homeowners policies.
For which type of policy does the insured need to live on the
premises? Correct Answer Homeowners policy
How many days notice die an insurance company need to give
for an non renewal on a homeowners policy? Correct Answer
60 days
How many days notice dose an insurance company need to give
for an non renewal if an auto policy? Correct Answer 45 days
In Arizona, insureds are required to sign a rejection form for
UM coverage true or false. Correct Answer True
In the event of a suit of a insurer ambiguous language would
cause what? Correct Answer In event of a suit of insurer if
, ambiguous language is proven the court will always rule in favor
of the insured.
In the event, an insured hits a swimmer, would his boat policy
cover this liability while borrowing his friend's boat? Correct
Answer No, because the insureds insurance would act as excess
insurance to his friend's boat policy.
Is being self insured, valid in the state of Arizona when
submitted to the state? Correct Answer Yes, as long as the
insured has gone through the process that the state requires to be
in self insured.
Is HO3 covered under an open perils basis or named perils
basis? Correct Answer H03 is technically both with coverage's
to the dwelling (A) and other structures (B) on an open perils
basis while coverage on personal property (C) is on a named
perils basis.
Is law and ordinance coverage additional coverage? Correct
Answer Yes except on homeowner policies.
Is living on the premises a requirement for a dwelling policy?
Correct Answer No
Is the removal of a sunken or wrecked boat covered under a bolt
policy? True or False Correct Answer True
Is the special endorsement available to mobile homes on
homeowners or dwelling policies? Correct Answer The
transportation or permission to move endorsement.
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