Chapter 6 Review Flashcards
An indirect loss would be covered under:
Coverage D
Which of the following is NOT excluded for coverage on a DP policy?
o Stamps
o Tickets
o Securities
o Clothes
Clothes
The insureds wallet was stolen when they were not paying attention:
o Robbery
o Burglary
o Theft
o Mysterious Disappearance
Theft
Money taken at gun point:
o Robbery
o Burglary
o Theft
o Mysterious Disappearance
Robbery
Which form is the Condo Unit Owners policy?
HO-5
Which of the following forms does not have real property coverage?
o HO - 6
o HO - 3
o HO - 4
o HO - 5
HO - 4
Each insurer will pay a portion of the loss based off the total limit of insurance covering the loss:
Pro-rata
A shed will be covered under:
Coverage B
The insured residence premises is covered under
Coverage A
Which of the following covered by Broad peril form?
o Smoke from industrial pollution
o Flood
o Named insured pet
o Wind that blew the roof of the house
Wind that blew the roof of the house
Your dog bites a neighbor’s child, what coverage will pay?
Liability
Which of the following is covered under Broad Perils?
o Seepage from a pipe caused from neglect
o Collapse from hidden decay
o Damage from termites
o Rats eating your insulation
Collapse from hidden decay
Policy forms for someone that is renting an apartment.
HO – 4
What is the limit for Coverage F on a Homeowner’s Policy?
$1,000 per person/36 months
Would pay for neighbor’s injuries due to tripping over a toy on the insured’s stairs?
Coverage E
