Property And Casualty Insurance Exam Questions And Answers Part One

In the event of a loss covered by the policy, if the insurer requests a signed sworn proof of loss, the named insured is required to submit it within {Ans: A specified time.}What is not a consideration when paying an inland marine claim? {Ans: Market value when the property was first purchased}Limited fungi, wet or dry rot, or bacteria endorsement in HO policies applies to {Ans: Property and liability losses}With regards to a homeowners policy, which coverage provides for indirect or consequential losses? {Ans: Coverage D}Which inland marine form would provide the best protection for a dry cleaning company against loss or damage to their customer's property while in the care, custody, and control of the dry cleaners? {Ans: Bailee's customer policy}A ranchowners policy is most similar to which of the following? {Ans: Homeowners}