57 QUESTIONS 6 OF 8

What is a Personal Article Floater (PAF)?

• Endorsement that can be added to current homeowner policy to increase Coverage A, B, and C on the Declaration page.

• Endorsement that can be added to a current homeowner policy or separate policy written to increase Coverage A, B, C on the Declaration page.

• Endorsement or separate policy that increases the value of selected personal items covered under Coverage C of the Homeowner policy.

• Endorsement or separate policy that automatically increases Coverage C for all personal items insured under Coverage C.

Which of the following scenarios would qualify as a "mysterious disappearance" under Personal Article Floater coverage?

• Teresa's diamond ring was taken by her son's friend, but she does not know when he took it.

• Bob's watch was on the kitchen counter, but now he cannot find it.

• Kelly left her bracelet in the car where it was stolen by a breaking and entering into the car.

• Scott's camera fell into the sea when his kayak capsized.

Crop-Hail insurance policy written under the Federal Crop Insurance Program (FCIP) is a(n):

• All Risk policy

• Open Risk policy

• Named Peril policy

• Guaranteed Risk policy

Inland marine policies take which of the following approach to perils?

• All Risk

• Open Perils

• Named Perils

• Unknown Perils

What is the Jones Act and who is eligible for coverage under the Act?

• It is a federal law that gives Worker's Comp coverage to all employees from U.S. companies working overseas.

• It is a federal law which provides certain rights and protection for seamen who are injured in the scope and course of their employment.

• It is a federal law that covers all employees working under marine and inland marine insurance policies.

• It is a state law which provides certain rights and protection for all employees working in the marine industry.

Which of the following property items are covered under the FEMA standard flood policy?

• Trees

• Swimming pool

• Water heater

• Septic tank

Farm owner policies offer valuation of loss to Coverage A-Dwelling, on what type of valuation form?

• Stated Amount
• Functional Replacement Cost

• Actual Cash Value

• Replacement Cost

What coverages does a homeowner earthquake policy usually offer?

• Dwelling coverage for repair costs of the house and any attached structures

• Personal Property coverage of damaged belongings, such as furniture, clothing, appliances and electronics.

• Additional living expenses covering temporary living expenses

• All of the above

Farm owner policies offer which three coverage liabilities that may be listed on the Declaration page of the policy?

• H-Bodily Injury and Property Damage Liability, I-Personal and Advertising Injury Liability, and J-Medical Payments

• H-Personal and Advertising Injury Liability, I-Bodily Injury and Property Damage Liability, and J-Medical Payments

• H-General Aggregate Liability, I-Fire Damage Liability, and J- Medical Payments

• H-Bodily Injury and Property Damage Liability, I-Personal and Advertising Injury Liability, and J-Fire Damage Liability

What is Coverage G listed on the Farm owner Declaration policy?

• Provides coverage for Barns, Outbuildings, and other Farm structures

• Provides coverage for Scheduled Farm Personal Property

• Provides coverage for Unscheduled Farm Personal Property

• Provides coverage for Crops damage/losses caused by covered Perils listed under the farm owner policy