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Pearson VUE Property Insurance Practice Exam 2024/2025 already graded A+
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Pearson VUE Property Insurance Practice Exam 2024/2025 already graded A+
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Pearson VUE Property Insurance Practice Exam.pdf file:///C:/Users/HP/Desktop/eewwww/Pearson%20VUE%20PropertyPearson VUE Property Insurance Practice
Exam Questions & Answers
1. S is purchasing a Commercial Property policy to cover a commercial build-ing
with a replacement cost of $100,000. The policy includes an 80 percent
Coinsurance clause. To avoid a coinsurance penalty in the event of a partial
loss, S should purchase a policy with minimum limits of AT LEAST which ofthe
following amounts?
A. $100,000
B. $90,000
C. $80,000
D. $20,000
ANS C
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2. The MAXIMUM amount a policy will pay in the event of a loss is called the
A. coinsurance amount
B. deductible
C. limit of liability
D. pro rata return
ANS C
3. The National Flood Insurance Program provides coverage for losses causedby
all of the following occurrences EXCEPT
A. mudslides
B. runoff from heavy rain
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C. overflow of tidal waters
D. water-main breakage
ANS D
4. Special Form or Open Perils coverage
A. Provides coverage against the named perils
B. Provides coverage against scheduled risks
C. Is limited by the named exclusions
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D. Includes no exclusions
ANS C
5. Which of the following businesses would be eligible for a Businessowners
policy?
A. Auto body shop
B. Theater
C. Branch bank
D. Barber shop
ANS D
6. During a tornado, a barn is destroyed when a section of its wall is blown
down, knocking over a lantern, which sets the barn on fire. The proximate
cause of loss is the
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