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WorksheetsContracts-Part 1
Total questions: 10
Worksheet time: 30mins
Name
Class
Date
1.
What is a contract?
a)
A document signed and returned by the policyholder when they purchase a policy from us.
b)
A written agreement between two parties (the insurer and the insured).
c)
A legal document only available to policy holders with a renters policy.
d)
A document stating that we will cover any loss no matter what the circumstance.
2.
What type of policy would a customer need who owns a home but rents it out to tenants?
a)
HO-4
b)
HO-3
c)
Dwelling Fire
d)
PAF
3.
A customer calls in and says they have damage to their shed. What coverage would this fall under?
a)
Coverage C
b)
Coverage A
c)
Coverage D
d)
Coverage B
4.
What kind of endorsement can we offer a customer who is concerned about coverage for their engagement ring?
a)
Home Protector Plus
b)
Water Sewer Backup
c)
Scheduled Personal Property
d)
Mine Subsidence
5.
A customer calls in and says they had $10,000 in cash stolen from their home. How much would they receive back in a claim?
a)
The full amount
b)
$200
c)
Up to $5000
d)
Nothing, we do not cover theft of cash.
6.
If a customer tells us $3000 worth of business property was stolen from their residence, how much would we tell them could be covered?
a)
Nothing, we do not cover business property on or off their residence.
b)
The full amount of $3000 because it was stolen from their residence.
c)
Up to $1000 because of the business property limit.
d)
Up to $2500 because it was stolen from their residence.
7.
How much notice must be given to the insured if the policy will be non-renewed for the following term?
a)
45 days notice by law.
b)
0 days; no notice is required.
c)
30 days notice.
d)
60 days notice.
8.
What section would you find the special theft limits for jewelry?
a)
Section II-Liability Coverages
b)
Section I-Property Coverages
c)
Section II-Exclusions
d)
Section I-Exclusions
9.
When does a homeowners policy cover a customer for Flood?
a)
Every time, it is not an exclusion.
b)
Up to 2 times every policy term.
c)
Never, it is an exclusion.
d)
Up to 3 times every policy term.
10.
How much coverage does a customer have if their firearms are stolen from their residence?
a)
Up to $1000 because of the theft limits.
b)
Up to the Coverage C amount because there is no theft limit for firearms.
c)
$0 because we do not cover firearms on a policy when they are stolen.
d)
Up to $2500 because of the theft limits.
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