Ains 102 Exam 2024-2025 |actual Complete Questions And Correct Answers (Verified Answers ) Already Graded A+

AINS 102 EXAM 2024-2025 |ACTUAL COMPLETE QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS ) ALREADY GRADED A+. Patrick's car is 12 years-old and has been driven for over 100,000 miles. He has decided that instead of continuing to pay insurance premium for coverage for property damage to his car, he will put the money aside to save for a new car. Which one of the following risk management techniques is Patrick using? Select one: A. Diversification B. Retention C. Avoidance D. Loss reduction - ANSWER-B Which one of the following statements regarding assets exposed to loss is true? Select one: A. Real property includes intangible property. B. Earthquake damage to a swimming pool is an example of a personal property exposure. C. Personal property includes only tangible property. D. Lightning damage to a tree is an example of a real property loss exposure. - ANSWER-D Which one of the following is a form of compensatory damages? Select one:A. Punitive damages B. Special damages C. Exemplary damages D. Real damages - ANSWER-B All of the following could lead to a liability loss for a family, EXCEPT: Select one: A. A guest slips on an icy sidewalk in front of the family's home