Ains 102 - Study guides, Class notes & Summaries

Which one of the following is considered real property? Select one: A. An automobile B. A house C. Furniture D. A motorhome ️ B The Davis family suffered extensive fire damage to its home and was temporarily unable to inhabit it. The family was forced to rent a hotel room while its home was under repair. The cost incurred to rent the hotel room is referred to as which one of the following outcomes of loss? Select one: A. Lost income B. Increased expenses C. Reduction in value of p...

AINS 102 Questions With Correct Answers 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 - ANS-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 includ...

AINS 102 UPDATED PT 1 Questions & Answers Which one of the following is considered real property? Select one: A. An automobile B. A house C. Furniture D. A motorhome - ANS-B The Davis family suffered extensive fire damage to its home and was temporarily unable to inhabit it. The family was forced to rent a hotel room while its home was under repair. The cost incurred to rent the hotel room is referred to as which one of the following outcomes of loss? Select one: A. Lost income B....

AINS 102 Exam-Questions with Correct Answers/ Verified/ Latest Update (2024/2025)

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 ...

AINS 102 (Latest 2024 / 2025 Update) Understanding Personal Insurance Exam | Questions and Verified Answers | 100% Correct | Grade A Question: For an agent, all of the following are advantages of cross-selling, EXCEPT: Select one: A. Ease of additional growth B. Increased profitability C. Improved customer retention D. Enhanced ability to compete strictly on price Answer: D Question: An insurance policy is an agreement between the insured and the insurer. Insureds purchase i...

AINS 102 (Latest 2024 / 2025 Update) Understanding Personal Insurance Exam Review | Questions and Verified Answers | 100% Correct Question: Telematics devices track driving habits and then Select one: A. Divide auto insurance applicants into homogeneous classes. B. Classify each insured auto for its principal use. C. Perform sophisticated modeling techniques to make that information relevant. D. Transmit that information wirelessly to a computer. Answer: D. Transmit that informati...