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Misc Personal Ins
Miscellaneous Personal Insurance
Question | Answer |
---|---|
Which of the following is TRUE concerning Flood Insurance? | Private insurance companies retain part of the risk |
Which of the following are elements of the National Flood Insurance Program? | Risk Retention; Flood Prevention |
Which of the following is/are eligible for flood coverage? | Residential Dwellings; Commercial Buildings; Contents of insured buildings |
In a regular Flood Policy, which of the following is the standard deductible? | $500 |
A Flood Policy goes into effect at which of the following times? | Thirty days after the date of application |
Which statement best describes the FAIR plan? | Used when an insured cannot get property insurance in the open market |
Which Personal Inland Marine form would best cover property while on vacation in Florida? | Personal Effects Form |
Which Personal Inland Marine form provides open peril coverage on a blanket basis for most kinds of personal property found in a typical home? | Personal Property Form |
Which Personal Inland Marine form covers the same type of property as the Scheduled Personal property personal endorsement? | Personal Articles Form |
Which of the following is/are correct about the Flood insurance Policy? | The Emergency program provides a $35,000 limit on buildings and a $10,000 limit to cover contents; The Regular program provides a $250,000 limit on buildings and a $100,000 limit to cover contents |
Under the FAIR Plan, the insurance company will | Not be able to reject risks due to environmental hazards that are beyond the insured's control |
Which of the following is not excluded under the personal inland marine floater? | Loss from theft with evidence of forcible entry |
A Personal Articles floater may be sold as a separate Inland Marine policy, but it is most commonly sold as an endorsement to which of the following policies? | Homeowners |
Which of the following is true concerning the coverage provided by a Personal Articles floater? | The coverage territory is worldwide; The coverage is All Risk; The exclusions are few |