Types of Property-Casualty Insurance
There are two main sectors of insurance in the United States: property-casualty insurance and life-health insurance. Life-health insurance covers the financial consequences of death, injury,...
Mortgage
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Personal Insurance – Simulated exam
An occurrence as defined in the HO-3 policy is Select one:A. A claim.B. A loss.C. An accident.D. An event. Correct. An occurrence is an accident,...
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Personal Insurance – Practice exam 5
Defense costs coverage is included under Section II—Liability Coverages in the HO-3 policy. This coverage Select one:A. Is excluded if the suit against the insured...
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Personal Insurance – Practice exam 4
In the HO-3 policy, Coverage A—Dwelling coverage applies to three broad categories of covered property. One of these broad categories is Select one:A. Personal property...
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Personal Insurance – Practice exam 3
The Snyder family purchased a three wheel all-terrain vehicle (ATV) for their children to use on an open field behind their property. Which one of...
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Personal Insurance – Practice exam 2
One policy definition in the Personal Auto Policy (PAP) includes four classes of vehicles. This description of vehicle classes is found in which one of...
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Personal Insurance – Practice exam 1
Which one of the following is considered real property? Select one:A. An automobileB. A houseC. FurnitureD. A motorhome Correct. Real property includes tangible property consisting...