PROPERTY INSURANCE EXAM Questions and Answers

Document Content and Description Below

TESTED AND CONFIRMED A+ ANSWERS A banker is ready to close on a customer's loan. The bank is prepared to offer the loan but only if the customer purchases a life insurance policy from the bank in th... e amount of the loan. This is an example of A builder's risk form is most often written as which of the following? A building is insured, but no one has lived or worked in it for 10 years. The building is completely empty of any furniture or personal belongings. From an insurance standpoint, the building is considered A business using its own trucks to move its own cargo would insure the cargo using - A commercial package policy (CPP) allows the insured to select the coverage needed and customize the policy to meet the needs of the insured's business. In a CPP, the business owner may select from all of the following types of coverage EXCEPT A commercial property special form covers property in transit up to A common exclusion found under physical damage to your auto includes A licensee serving in the military is unable to fulfill her continuing education requirement. What would the licensee have to do to renew the license? A meteorite hits the insured's car, causing damage. Under which of the following coverages in a personal auto policy would this loss be paid? A mortgage company is named as a loss payee on the insured's homeowners policy, under the standard mortgage clause. If the insured suffers a loss due to a fire, which of the following is true? [Show More]

Last updated: 1 month ago

Preview 1 out of 20 pages