Idaho Property & Casualty Exam Prep Correct Questions And Answers!

Which of the following statements regarding Multi-Peril Crop Insurance is correct: A Multi-peril crop insurance protects against the perils of lightning, wind, and pollution B Multi-peril crop insurance is reinsured by the federal government by FCIC C Insects and plant disease are excluded from coverage D Multi-peril crop insurance is not reinsured by the federal government, but through CHIAA {Ans: B}Which of the following describes the coverage of the Extra Expense Coverage Form? A It covers the loss of business income during the period of restoration B It covers the expense of disposing of spoiled merchandise caused by a power outage C It covers the necessary additional expenses incurred during the period of restoration which would not otherwise have been incurred in the absence of a direct loss D It covers the expense of removing the debris of a covered direct loss {Ans: C}The maximum amount a policy will pay in the event of a loss, regardless of the number of insureds, claims made, lawsuits filed, or parties making claims is the: A Limit of liability B Deductible C Split limit D Premium {Ans: A}Which of the following is covered under Coverage E of the Dwelling Policy?