Ains 102 - Study guides, Class notes & Summaries

AINS 102 Exam Questions with Correct Answers The insuring agreement of a homeowners policy specifies that Select one: A. Endorsements are available to modify the contract. B. Defined words have special meanings when they are used within the policy. C. Five property coverages are provided by the policy. D. The insurer will provide policy coverage in return for the premium and compliance with policy provisions. - Answer D The HO-3 policy provides open perils coverage rather than named p...

AINS 102 Course Quiz Questions and Answers All Correct Which one of the following best describes the HO-3 declarations? A) The residence listed is the mailing address unless stated otherwise. B) The declarations page shows the amount of the deductible, the loss portion that the insurer pays. C) The declarations page show amount of the premium, the loss portion that the insurer pays. D) The page shows when the policy is in effect, usually for multiple years for homeowners. - Answer A...

Real property (realty) Ans- Tangible property consisting of land, all structures permanently attached to the land, and whatever is growing on the land. Personal Property Ans- possessions such as jewelry, furniture, and boats Damage to building by vandalism - Put a fence around the building Ans- Loss Prevention Home burglary - Install burglar alarm Ans- Loss reduction Tort Damages Ans- compensatory damages and punitive damages Negligence Tort Ans- careless neglect, often resulting in...

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...

AINS 102 PT 3 EXAM QUESTIONS WITH ALL CORRECT ANSWERS Which one of the following is a warranty that is likely to be required by an insurer that underwrites a boatowners or yacht policy? Select one: A. Uninsured boaters B. Contractual liability C. Seaworthiness D. Transportation - Answer- C The ownership and use of watercraft create various unique categories of loss exposures. Which one of the following is true regarding small boat policies used to cover many of these exposures? Select...

AINS 102 UPDATED Exam Questions and CORRECT Answers Real property (realty) - CORRECT ANSWER- Tangible property consisting of land, all structures permanently attached to the land, and whatever is growing on the land. Personal Property - CORRECT ANSWER- possessions such as jewelry, furniture, and boats Damage to building by vandalism - Put a fence around the building - CORRECT ANSWER- Loss Prevention

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...

AINS 102 | Questions and Answers 100% Solved All of the following items are examples of personal property, EXCEPT: Select one: Sports equipment Silverware A fishing boat Underground pipes - Underground pipes Which one of the following statements regarding assets exposed to loss is true? Select one: 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 int...

C. Uninsured motorist (UM) Ans Joey, while driving, was involved in a two-car accident. Joey sustained a severe injury from the accident. The other party, who was at fault, did not maintain an auto insurance policy for the vehicle. Which one of the following would provide coverage for Joey when the other driver does not have an automobile liability policy? A. Underinsured motorist coverage (UIM) B. Collision C. Uninsured motorist (UM) D. Personal injury protection (PIP) A. Producers....