FIN 428 Week 5 Quiz | eBooks | Education

FIN 428 Week 5 Quiz

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FIN 428 Week 5 Quiz 

https://zh.scribd.com/document/343514565/Uop-Tutorial

FIN 428 Week 5 Quiz

 

 

 

 

    • Correct answerquestion1

 

 

 

?The definition of personal property in the Homeowners forms excludes

?money and securities.

?all motorized vehicles.

?animals.

?watercraft while away from the premises.

 

 

 

    • Correct answerquestion2

 

 

 

?The medical payments coverage of the Homeowners policy agrees to pay medical expenses resulting from bodily injury to

?residents of the household.

?only the policy holder.

?guests, regardless of the insured’s liability or lack thereof.

?persons other than members of the insured’s household who reside on the premises.

 

 

 

    • Correct answerquestion3

 

 

 

?The Homeowners Special Form (HO-3) provides

?open-peril coverage on both the dwelling and personal property.

?named peril coverage on both the dwelling and personal property.

?open-peril coverage on the dwelling and named peril coverage on personal property.

?open-peril coverage on personal property, and named peril coverage on the dwelling.

 

 

 

    • Correct answerquestion4

 

 

 

?In most states, Uninsured Motorists coverage provides coverage

?for both bodily injury and property damage caused by an uninsured motorist.

?is automatically included as a part of Medical Payments coverage.

?only for bodily injury caused by an uninsured motorist.

?only for property damage caused by an uninsured motorist.

 

 

 

    • Correct answerquestion5

 

 

 

?Mrs. Jones has a Homeowners policy.  Her dog bites the mailman while he is still about three blocks away from the premises.

?Medical payments coverage applies, but not the liability coverage.

?The policy will pay only if Jones is found legally liable.

?The policy will pay medical costs under the medical payments coverage and will also pay under liability coverage if Jones is held legally liable.

?There is no coverage under the policy.

 

 

 

    • Correct answerquestion6

 

 

 

The basic purpose of the coinsurance provision is?

?to reduce total losses by requiring the insured to bear a part of every loss.

?to induce the insured to insure a high percentage of the value of his property.

?to require the insured to purchase all of his insurance from one company.

?to reduce the cost of insurance by permitting insurers to collect from the negligent party causing the loss.

 

 

 

    • Correct answerquestion7

 

 

 

?Which of the following losses would be paid under the collision coverage of the Personal Auto Policy?

?The car collides with a deer

?Bricks fall from a truck the insured is following and hit the car

?The insured misjudges a curve and rolls the car

?The car is stolen and the thief collides with a bridge

 

 

 

    • Correct answerquestion8

 

 

 

The Damage to Property of Others coverage under Section II of the Homeowners policies provides limited coverage for?

?damage to the insureds own property.

?damage to property that is owned by members of the insureds household.

?intentional damage by some insureds.

?damage arising out of motor vehicles.

 

 

 

    • Correct answerquestion9

 

 

 

?One coverage automatically included in the Tenants Homeowners form (HO-4) that is excluded from the other forms is

?the Other Structures extension.

?loss assessment coverage.

?coverage for credit card forgery.

?building additions and alterations additional coverage.

 

 

 

    • Correct answerquestion10

 

 

 

?The definition of personal property in the Homeowners forms includes

?pets belonging to the insured.

?motorized vehicles as long as they are not licensed.

?borrowed property which is being used by an insured.

?property belonging to roomers and boarders.

FIN 428 Week 5 Quiz https://zh.scribd.com/document/343514565/Uop-Tutorial FIN 428 Week 5 Quiz Correct answerquestion1 ?The definition of personal property in the Homeowners forms excludes ?money and securities. ?al
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