wrong questions property - 3

Under which of the following circumstances can the insured exercise the right of assignment of an insurance policy?

Doug's insurer agrees to assigning the policy over to Bob.

What additional coverage comes standards on the DP-2 and DP-3 policies, but NOT on the DP-1?

glass and collapse of the structure

Vandals break into your vehicle and steal the radio built into your dash. What Homeowners (HO) Policy form would provide you with coverage for this loss?

No coverage under any homeowner form

Rick sells his car to Joe. He calls his insurer to transfer his auto policy to Joe. The insurer declines to do this. This is an example of a(n):

personal contract

An insured's statement that becomes part of the insurance contract is known as a(n):

warranty

Tom sees an ad on TV for car insurance inviting him to use the web or call a toll free number for information. The insurer is using which of the following marketing distribution systems?

direct writer/response

What is NOT included on any of the standard Dwelling Property (DP) forms?

theft of contents and liability

Which endorsement is necessary to cover the damage caused to a freezer by the interruption of a power source under a Businessowners Policy (BOP)?

utility services - direct damage

Which of the following perils is not excluded under the Homeowners (HO) Policy HO-8 form?

theft

An insurer that is owned by the policyholders and may pay a dividend to those policyholders if the company shows a profit, is known as a(n):

mutual insurer

Which of the following risks would MOST likely be eligible for a Businessowners Policy (BOP)?

beauty shop

What would NOT be covered by the Businessowners Policy (BOP) liability?

non-owned auto liability

Which of the following is NOT covered under Coverage A - Dwelling of a Homeowners (HO) Policy?

land

What occupation is LEAST likeley to be eligible for coverage under the "Permitted Incidental Occupancies" endorsement added to a Homeowners (HO) Policy?

police officer

Tom Jackson has a DP-3 on his dwelling property valued at $100,000. He insures the building for $40,000. In the event of a total loss, how much will Tom receive?

$40,000

What home-based businesses would most likely be covered for liability under the Homeowners (HO) Policy endorsement Permitted Incidental Occupancies?

music studio in the basement

Which of the following statements is INCORRECT regarding the Broad Theft Coverage endorsement when added to a Dwelling Property (DP) Policy?

It automatically covers property of roomers or boarders.

Rules have to be followed in order for an insurance contract to work. This is an example of a(n):

conditional contract

Which of the following is not an additional coverage provided under Section I of the Homeowners (HO) Policy?

60 days open peril coverage for property removed

Which of the following would not be covered under Coverage C - Personal Property of a Dwelling Property (DP) Policy?

4 wheel atv