Texas State Property And Casualty Insurance Policies Practice Test

Which of the following would be covered under the crime coverage inside the premises - theft of money and securities? {Ans: loss or damage to a locked safe, vault, or cash register}The businessowners policy liability coverage will pay for necessary medical expenses of others within what maximum time period? {Ans: 1 Year}Which of the following coverages is NOT included in the basic form dwelling policy {Ans: Additional living space}All the following are major coverages included in the homeowners policy EXCEPT {Ans: Loss of income}The basic dwelling form (DP-1) provides all of the following coverages without endorsement EXCEPT {Ans: Coverage for personal property}The primary purpose of a surety bond is to {Ans: Secure a line of credit of a contractor}A beauty parlor burns to the ground. What type of loss is this to the owner? {Ans: Direct}Which of the following insurers are owned by stockholders who have the usual rights of ownership, including the right to vote? {Ans: Mutual}Under the provisions of the business income coverage form, all of the following are true EXCEPT {Ans: The insured is reimbursed for the loss from the date of loss to the date of restoration