New Hampshire Test - 2nd Set Exam Questions and Answers (Solved Papers) What does the term "comparative negligence" refer to?The percentage of fault is shared by each driver in an accident in which both contribute to causing the accident.The one who is most negligent receives no payment when the claim is settled.The one who is the least negligent receives no payment when the claim is settled.
If both parties have contributed to causing the accident, neither party receives any payment when the claim is settled.
- Correct Answers ✅The percentage of fault is shared by
each driver in an accident in which both contribute to causing the accident.The Business Income from Dependent Properties -- Broad
Form is a variation of the Business Income form as it:
Provides coverage for other locations of the insured's business that are dependent on the main location to operate.Provides coverage for loss of income to the insured business when direct physical damage has occurred at another business upon which the insured business depends in some way. 1 / 4
New Hampshire Test - 2nd Set Exam Questions and Answers (Solved Papers) Provides coverage for loss of income to the insured business when poor business practices causes bankruptcy at another business upon which the insured business depends.Provides coverage for loss of income to the insured business when a civil authority prevents the insured from conducting business activities after a direct physical loss at a dependent location. - Correct Answers ✅Provides coverage for loss of income to the insured business when direct physical damage has occurred at another business upon which the insured business depends in some way.How is personal property of a dwelling covered under a farm policy?Actual Cash Value Basis Stated Amount Basis Agreed Amount Basis Replacement Cost Basis - Correct Answers ✅Actual cash value basis Part D of the Personal Auto policy provides coverage for all of
the following, EXCEPT:
All direct losses to the insured's covered auto.Coverage for the types of damage that are not excluded. 2 / 4
New Hampshire Test - 2nd Set Exam Questions and Answers (Solved Papers) Direct and accidental losses to a non-owned automobile being used by the insured.Auto glass breakage caused by a collision. - Correct Answers ✅Part D does not cover all direct losses to the insured's covered auto, it covers only those direct losses that are also accidental.The CGL policy excludes coverage for damage done to the property of others if at the time of the loss that property was in the care, custody and control of the insured. However, the
exclusion does not apply if the damage is caused by:
Water Pollution Earthquake Fire, smoke or explosion - Correct Answers ✅Damage done to the property of others, that was in the care, custody and control of the insured, caused by fire, smoke or explosion would be covered by the CGL. The other three choices are all specifically excluded from coverage.Barry's insured watercraft is disabled while on the lake one Sunday afternoon. His motor completely stopped and will not start again. Barry calls George, a mechanic who rides out to the section of the lake where Barry and his boat are stranded.George brings a new starter for the engine and spends the next hour replacing it. When George is finished installing the 3 / 4
New Hampshire Test - 2nd Set Exam Questions and Answers (Solved Papers) new starter, the engine still sputters and will not start. Barry then calls a towing service to tow the boat back to the dock and into storage where George can take a closer look. Barry's Watercraft policy has a $250 deductible. The cost of the starter was $80 and the towing bill was $100. How much will Barry's standard Watercraft policy pay under the "Towing and Assistance Expense" coverage, assuming this is the only occurrence Barry has claimed during the current policy period?$100 because this coverage only applies to the towing bill.$180 because the - Correct Answers ✅The correct answer
is: $180 because the deductible does not apply to the
coverage..The policy will pay $180 under the "Towing and Assistance Expense" coverage because the deductible does not apply to the coverage and pays up to $500.Which of the following is not true regarding laws concerning insurance fraud in New Hampshire?False, incomplete or misleading information must be in written form to be considered insurance fraud.Is considered to be a felony.
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