Personal property floater - Study guides, Class notes & Summaries

Florida Property & Casualty Insurance Exam Questions and Answers 100% Pass The FAJUA is composed of: - Correct Answer ️️ -All companies licensed to write auto insurance in Florida A coverage that is similar to premises and operations coverage in the Commercial General Liability Policy covering bodily injury and property damage liability for aviation risks is defined as: - Correct Answer ️️ -Airport and Air Meet Liability Homeowners HO-3 policy - severe theft loss. Coverage A limit...

Pearson VUE: Property Insurance Practice Exam, Study questions insurance, Casualty FL Questions and Answers 100% Pass S is purchasing a Commercial Property policy to cover a commercial building 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 of the following amounts? A. $100,000 B. $90,000 C. $80,000 D. $20,000 - Corr...

Property Certification Exam MS Which peril is covered under the Dwelling Form DP-1? A Weight of ice, snow or sleet B Lightning C Falling objects D Freezing - lightning Which of the following is an example of a peril? A Indifference B Unlocked front door to a home C Earthquake D Gasoline stored on the premises - Earthquake Which section of an insurance policy states the obligations of the parties to the contract? A Conditions B Insuring Clause C Declarations ...

Wise Test Question and answers verified to pass 2024/2025 Wise Test-Insurance A person buys a flat screen, plasma, theater-like television. The person has homeowner?s insurance. Why would it be appropriate to add a personal property floater to that insurance? A) To reduce the premium on the homeowner?s insurance. B) To protect the person who owns the television from liability for damages. C) To show the insurance company a good faith investment has been made. D) To cover the cost of...

All of the following are true regarding aviation insurance EXCEPT: - Answer-It can be added to the CPP A customer has 5 identical vases that are insured on an inland marine floater for $30,000 and 1 of the vases is stolen. The remaining 4 vases are appraised at $20,000, how much will the insurer pay? - Answer-$10,000 Which of the following is not an unfair claims settlement practice? - Answer-Requiring proof of loss to be submitted Theft, disappearance and destruction covers which of th...

Arkansas Property and Casualty ExamNationwide marine insurance - correct answer . All property must contain an element of transportation to be eligible under inland marine coverage forms. Specifically, it must be in transit, be moveable, bear a relationship to transportation or communication, or be held in the possession of a bailee, who is someone other than the property owner. The Nationwide Marine Definition defines 6 broad classes of property that may be insured under marine contracts. Th...

Florida Test Study Guide - Public Adjusting 3-20 (Set 1) Questions with 100% Verified Correct Answers 2024/2025 Those who are eligible for coverage under the Florida Automobile Joint Underwriting Association are? - Correct Answer Military Personnel A non-resident owning an automobile in Florida A non-resident subject to Florida no-fault law A forcible entry into locked premises and the carrying away of the property of others is a definition of: - Correct Answer Burglary The inland mari...

Which one of the following statements describes a benefit of using an intermodal cargo container to ship cargo? - Answer-Intermodal containers can be transferred from ship to truck without disturbing the contents. coinsurance formula 2.28 - Answer-1.Multiply the value of covered property, except property in transit, at the time of loss by coinsurance percentage 2.Divide the limit of insurance of the property by the figure determined in Step 1 3.Multiply the total amount of loss, before the...

AINS 102: Understanding Personal Insurance Latest 2024 Rated A+ Arbitration An alternative dispute resolution (ADR) method by which disputing parties use a neutral outside party to examine the issues and develop a settlement, which can be final and binding. Attachment The act of seizing property to secure a judgment. Catastrophe A single event that causes widespread losses. Civil law A classification of law that applies to legal matters not governed by criminal law and that prote...

Michigan P & C Insurance Exam Test. Questions and answers. 100% Verified. Rated A Termination of Insurance for auto and home must be sent to last know address no later than - 30 days before cancellation Termination of casualty insurance cannot take place until- from the mailing date - 10 days PIP in auto insurance covers individual care from a family member for - a limit of $20 a day for three years limited collision - shall pay for collision damage to the insured vehicle without a...