Question

1.

Which of the following exclusions is found in the HO-3 Coverage E?

Select one:

a. dog bite liability,

b. liability from the operation of a power mower,

c. liability from professional services.

d. liability from taking care of a friend’s dog,

2.

Which of the following statements about "open-perils" coverage is (are) true? Statement I: All losses are covered except those losses specifically excluded. Statement II: The burden of proof is on the insured to prove that a loss is covered.

Select one:

a. I only

b. II only

c. both I and II

d. neither I nor II

3.

Which of the following is a covered person under the medical payments coverage of the personal auto policy (PAP)?

Select one:

a. a family member of the named insured if struck by an auto while crossing the street

b. a pedestrian struck by the named insured's auto

c. the named insured while she is operating her car as a taxi

d. a carjacker who is involved in an accident after stealing the insured's car

4.

Ken's home has a replacement value of $200,000. Ken insured the home for $150,000 under an unendorsed Homeowners 3 policy. The roof of Ken's home was damaged by a windstorm. The replacement cost of the damaged roof is $16,000. The actual cash value of the loss is $12,000. How much will Ken receive from his insurer to settle this claim? (assume no deductible)

Select one:

a. $12,600

b. $16,000

c. $15,000

d. $12,000

5.

Which of the following losses is not covered under the personal auto policy?

Select one:

a. liability for injuries to a pedestrian caused by the negligence of the insured driver

b. physical damage to the personal property in the car of the insured driver who is negligent

c. bodily injury losses caused to the insured by a driver without liability insurance

d. theft of the insured vehicle

Answer 1

1.Which of the following exclusions is found in the HO-3 Coverage E?

C. liability from professional services.

2.Which of the following statements about "open-perils" coverage is (are) true?

A. I only " Statement I: All losses are covered except those losses specifically excluded."

3.Which of the following is a covered person under the medical payments coverage of the personal auto policy (PAP)?

A. " a family member of the named insured if struck by an auto while crossing the street"

4. Ken's home has a replacement value of $200,000. Ken insured the home for $150,000 under an unendorsed Homeowners 3 policy. The roof of Ken's home was damaged by a windstorm. The replacement cost of the damaged roof is $16,000. The actual cash value of the loss is $12,000. How much will Ken receive from his insurer to settle this claim? (assume no deductible)

Select one:

b. $16,000

5.Which of the following losses is not covered under the personal auto policy?

Select one:

B. physical damage to the personal property in the car of the insured driver who is negligent