Ains 102 Study guides, Class notes & Summaries

AINS 102 | 100 Questions and Answers 100% Correct | Updated 2024

Property loss exposure A condition that presents the possibility that a person or an organization will sustain a loss resulting from damage (including destruction, taking, or loss of use) to property in which that person or organization has a financial interest. Real property (realty) Tangible property consisting of land, all structures permanently attached to the land, and whatever is growing on the land. Personal property All tangible or intangible property that is not real property. Ded...

Patrick's car is 12 years-old and has been driven for over 100,000 miles. He has decided that instead of continuing to pay insurance premium for coverage for property damage to his car, he will put the money aside to save for a new car. Which one of the following risk management techniques is Patrick using? Select one: A. Diversification B. Retention C. Avoidance D. Loss reduction ️ B Which one of the following statements regarding assets exposed to loss is true? Select one: A. R...

AINS 102 Questions with 100% correct answers Verified & Updated 2024 Graded A+AINS 102 Questions with 100% correct answers Verified & Updated 2024 Graded A+AINS 102 Questions with 100% correct answers Verified & Updated 2024 Graded A+AINS 102 Questions with 100% correct answers Verified & Updated 2024 Graded A+AINS 102 Questions with 100% correct answers Verified & Updated 2024 Graded A+AINS 102 Questions with 100% correct answers Verified & Updated 2024 Graded A+AINS 102 Questions with 100% cor...

AINS 102 (New 2023/ 2024 Update) Understanding Personal Insurance Exam Prep_ Questions and Verified Answers_ 100% Correct QUESTION Real property (realty) Answer: Tangible property consisting of land, all structures permanently attached to the land, and whatever is growing on the land. QUESTION Reinsurance Answer: The transfer of insurance risk from one insurer to another through a contractual agreement under which one insurer (the reinsurer) agrees, in return fo...

AINS 102 (New 2023/ 2024 Update) Understanding Personal Insurance Exam Practice _ Questions and Verified Answers_ 100% Correct_ Grade A QUESTION Coverage F—Medical Payments to Others in the homeowners policy applies to bodily injury to a residence employee in all of the following situations, EXCEPT: Select one: A. The residence employee is away from the insured location and is not working B. The residence employee is on the insured location but is not working C. The residence e...

AINS 102 Questions And Answers Latest Graded A+. All of the following items are examples of personal property, EXCEPT: Select one: A. Sports equipment B. Silverware C. A fishing boat D. Underground pipes:  Underground pipes 2. Which one of the following statements regarding assets exposed to loss is true? Select one: A. Real property includes only tangible property.Correct. All real property is tangible property having a physical form that can be seen or touched. Personalprop...

AINS 102 Actual Questions and answers | Latest 2024/25

All of the following items are examples of personal property, EXCEPT: Select one: A. Sports equipment B. Silverware C. A fishing boat D. Underground pipes - Answer-Underground pipes Which one of the following statements regarding assets exposed to loss is true? Select one: A. Real property includes only tangible property.Correct. All real property is tangible property having a physical form that can be seen or touched. Personal property can include intangible property such as patents o...

All of the following items are examples of personal property, EXCEPT: Select one: A. Sports equipment B. Silverware C. A fishing boat D. Underground pipes - Answer-Underground pipes Which one of the following statements regarding assets exposed to loss is true? Select one: A. Real property includes only tangible property.Correct. All real property is tangible property having a physical form that can be seen or touched. Personal property can include intangible property such as patents o...