Named peril po - Study guides, Class notes & Summaries

Pearson VUE: Property Insurance Practice Exam Verified Solutions Insurance Questions and Answers 1. Minimum Limits to Avoid Coinsurance Penalty: - Minimum limits should be at least $80,000 to avoid penalties. ️C 2. Maximum Amount a Policy Will Pay: - This is called the limit of liability. ️C 3. Exclusions from National Flood Insurance Coverage: - Coverage does not include water-main breakage. ️D 4. Special Form or Open Perils Coverage: - It is limited by the named exclusions. ️...

FINN 3623 Exam 1 Terms (Nelson Driver) w/ notes || Complete Questions & Answers (Graded A+) FINN 3623 Exam 1 Terms (Nelson Driver) w/ notes || Complete Questions & Answers (Graded A+) Risk - ANSWER - - The uncertainty of an outcome - The chance of loss - Can be positive or negative Pure Risk - ANSWER - - The chance of having a loss or chance of not having a loss - When insurance companies write a policy, the only policy they take under consideration Subjective Risk - ANSWER - Attit...

Insurance License NY, Questions with accurate answers. Graded A. 2022/2023 Document Content and Description Below Insurance License NY, Questions with accurate answers. Graded A. 2022/2023 New home buyer S called his agent and told him that he wanted the broadest coverage available for his new home. Which po licy would the agent be most likely to recommend? A) HO-3 B) HO-5 C) HO-2 D) HO-8 - B Which of the following best defines a hazard? A) It eliminates the chance of loss B) It increases the ...