AINS 102 UPDATED PT 1 Questions & Answers , AINS 102- Understanding Personal Insurance Qs&As, AINS 102 Questions With Correct Answers , AINS 102 Questions & Answers 2023, AINS 102 PT 3 Questions & Answers , AINS 102 Ch 6 Questi

Steve and Amy were about to purchase their first home. During the process, they were advised that they needed to purchase a HO-3 insurance policy. The HO-3 policy would provide Steve and Amy with coverage for all of the following, EXCEPT: Select one: A. Their cars B. Personal Liability C. Th...

Marcus is buying insurance for his recent home purchase that will be covered by a DP-3 policy. In reading his policy, which one of the following will Marcus find is true? Select one: A. The DP-3 excludes coverage for theft of property that isn't part of the covered structure. B. The DP-3 provi...

Alex and his marketing team are evaluating various new insurance platforms to provide research to serve their customers better. Which one of the following best describes what the team has accurately discovered? Select one: A. These platforms' differentiation is providing a specialized, tech-d...

Increasingly, insurers are able to assess drivers' skill and ability through Select one: A. Telematics. B. Occupation. C. Area of operation. D. Restraints. - ANS-A. Telematics. Because they interview the applicant first, see the property or operations to be insured, and evaluate the loss ex...

Patrick's car is 12 years-old and has been driven for over 100,000 miles. He has decided that instead of continuing to pay insurance premium for coverage for property damage to his car, he will put the money aside to save for a new car. Which one of the following risk management techniques is P...

HO-2 - ANS-Broad Form- Provides named perils coverage for dwellings and personal property and provides liability coverage H0-3 - ANS-Special Form- Provides open peril coverage for dwellings, named perils for personal property and liability coverage HO-4 - ANS-Contents Broad Form- Often called ...

All of the following items are examples of personal property, EXCEPT: Select one: A. Sports equipment B. Silverware C. A fishing boat D. Underground pipes - ANS-Underground pipes Which one of the following statements regarding assets exposed to loss is true? Select one: A. Real property incl...

Arbitration - ANS-An alternative dispute resolution (ADR) method by which disputing parties use a neutral outside party to examine the issues and develop a settlement, which can be final and binding. Attachment - ANS-The act of seizing property to secure a judgment. Catastrophe - ANS-A single ev...

Which one of the following is considered real property? Select one: A. An automobile B. A house C. Furniture D. A motorhome - ANS-B The Davis family suffered extensive fire damage to its home and was temporarily unable to inhabit it. The family was forced to rent a hotel room while its home ...