Question

18. What is the most coverage available for a
single-family dwelling covered under the
emergency flood program?
A. Building $35,000 and contents $10,000
B. Building $50,000 and contents $15,000
C. Building $250,000 and contents $100,000
D. Building $300,000 and contents $100,000
19. The uncertainty of a loss possibly occurring is
known as
A. an insurable interest
B. a risk
C. a hazard
D. a peril
20. The HO-5 provides
A. open peril coverage for both the dwelling
and personal property
B. broad coverage for both the dwelling and
personal property
C. open peril coverage for the dwelling and
broad coverage for personal property
D. basic coverage for both the dwelling and
personal property
21. Which one of the following is a prepackaged
policy of property and liability coverages
designed specifically for certain types of small
businesses?
A. Difference in conditions policy
B. Commercial package policy
C. Businessowners policy
D. Umbrella policy
22. Which of the following is the best description
of vacant?
A. The absence of property
B. The absence of people
C. A building under construction
D. The absence of both people and property
from the premises
what are the answers for these insurance questions?

Answer 1

Ans 18) C. Building $250,000 and contents $100,000

Ans 19) B. a risk

Ans 20) A. open peril coverage for both the dwelling
and personal property

Ans 21) C. Business owners policy

Business owners policy is a prepackaged policy of property and liability coverages designed specifically for certain types of small businesses.

Ans 22) B. The absence of people

The absence of people is the best description of vacant.