Question 1 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link Which of the following is a pure risk? A. Ken buys a collector car as an investment. B. A fundraising event that includes a poker game. C. Joan's fur coat is stored at a storage facility. D. Anne purchases several shares of stock in a computer company. Submit Answer
Question 2 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link A homeowner wishes to purchase coverage for a home built in 1850. The home was constructed with hand-carved crown molding and banisters. The market value of the home is significantly less than the actual cost to replace the home. Which policy would BEST suit this customer? A. HQ-3 B. HQ-5 C. HQ-6 D. HQ-8 Submit Answer
Question 3 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link The HO-3 homeowners form covers perils in which of the following ways? A. Open perils on coverage A, B, and C. B. Open perils on coverage A and B, named perils on coverage C. C. Named perils on coverage A and B, open perils on coverage C. D. Open perils on coverage A, named perils on coverage B and C. Submit Answer
Question 4 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link The insured MUST notify the insurer of a loss A. when discovered. B. within 15 days. C. within 30 days. D. promptly. Submit Answer
Question 5 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link While making a delivery for an employee, an employee's car was struck by a truck that went through a red light. The employee suffered a broken arm. In this situation, coverage for the injuries would most likely be provided by the: A. truck driver's personal auto insurance B. employee's general hospitalization plan C. employee's personal No-Fault Insurance D. employer's Workers' Compensation Insurance Submit Answer