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PEARSON VUE: PROPERT Y
INSURANCE PRACTICE E XAM
(QUESTIONS &
ANSWERS)||SCORED A+ ||100%
VERIFIED ANSWERS
Question : 1. Which of the following perils is covered
under the Commercial Property Basic Cause of Loss form?
- Collapse
- Sinkhole collapse
- Falling objects
- Breakage of glass
Correct answer: B Sinkhole Collapse
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Question : The National Flood Insurance Program
provides coverage for losses caused by all of the
following occurrences EXCEPT:
A.mudslides B.runoff from heavy rain C.overflow of tidal waters D.water-main breakage
Correct answer: D Water-Main Breakage
Question : Which of the following statements about a
mortgagee's rights under the Dwelling Property Basic Form (DP-1) is INCORRECT?A.No act by the insured will jeopardize the mortgagee's rights.B.
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The mortgagee may file a Proof of Loss if the insured fails to do so.C.The mortgagee is entitled to receive prior notice of a policy's cancellation.D.The mortgagee may abandon the insured property to the insurer.
Correct answer: D The mortgagee may abandon the
insured property to the insurer.
Question : Which of the following Homeowners
coverages does NOT generally contain a deductible?A.Personal property B.Other structures C.Liability D.
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Dwelling
Correct answer: C Liability
Question : Inland Marine insurance is commonly used to
insure all of the following items EXCEPT:
A.automobiles B.stamps C.camera equipment D.jewelry
Correct answer: A Automobiles
Question : Information provided by the insured in a Proof
of Loss is considered:
- a warranty
B.