Louisiana Property And Casualty Insurance Exam Correct 100%

Following a career change, an insured is no longer required to perform many physical activities, so he has implemented a program where he walks and jogs for 45 minutes each morning. The insured has also eliminated most fatty foods from his diet. Which method of dealing with risk does this scenario describe? A. Reduction B. Transfer C. Avoidance D. Retention {Ans: A. Reduction The insured's change in lifestyle and habits would likely reduce the chances of health problems.}If an insured covered under a Mobile Homeowners Policy moves the mobile home to protect it from a covered peril, the policy will pay up to (Choose from the following options) 1. $350. 2. $500. 3. $750. 4. $1,000. {Ans: 2. $500}If a guest's property is lost or damaged while on the insured's premises or in their control, Crime Coverage Form L - Liability for Guests' Property - Premises covers the insured's a) General liability. b) Crime liability. c) Employee liability. d) Legal liability. {Ans: d) Legal liability. This coverage is similar to Coverage K, except that it covers the insured's legal liability for loss or damage to guest's property while on the insured's premises or in their control.}Extended nonowned