Pearson Vue: Property Insurance Practice Exam Questions And Answers

A company's promise to pay for damage caused by or resulting from any covered Cause of Loss would be found in which of the following sections of a Commercial Property policy? A. Declarations B. Insuring Agreement C. Conditions D. Exclusions {Ans: B}Under a Personal Property Floater, a loss is covered when it occurs: A. in the insured's home only B. in the United States only C. in the United States or Canada only D. anywhere in the world {Ans: C}All of the following items are included in the Nationwide Marine definition EXCEPT: A. imports and exports B. fine arts C. furs D. real property {Ans: D}Which of the following sources may be used to provide property insurability information? A. Police records B. Physical inspections C. Checking account statements D. Lie detector tests {Ans: B}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 {Ans: D}Which of the following Homeowners coverages does NOT generally contain a deductible? A. Personal property B. Other structures C. Liability D. Dwelling {Ans: C}A family takes their 50