Texas Property And Casualty Test Prep - Questions And Answers

The National Flood Insurance Program defines flood to include all of the following, except: A Overflow of the insured's sump pump B Mudflow caused by accumulation of water C Overflow of inland or tidal waters D Unusual and rapid runoff of surface water {Ans: A, overflow of the insured's sump pump The NFIP's definition of flood does not include water sources originating on the insured's property, such as an overflowing sump pump.}Which of the following losses is not covered by an unendorsed Broad Form Dwelling policy? A Loss caused by an artificial electric current B Lightning damage to trees C Theft loss D Fire loss to personal property located within a hotel room {Ans: C, Theft Loss}All of the following are Coverage Extensions under the Building and Personal Property Coverage Form, except: A Newly Acquired or Constructed Property B Personal Effects and Property of Others C Outdoor Property D Inflation Guard {Ans: D, Inflation Guard}When a commercial Auto policy is written with the Auto Medical Payments Coverage Endorsement, medical payments coverage is provided to which of the following? A An insured incurs X-ray expenses as a result of a racing activity B An insured incurs funeral expenses