Actual cash value
Direct loss value
Actual cash value
A binder is not usually valid for more than 90 days
A binder may be oral or written
A binder may be canceled by the insured within 2 days
Binders are valid for 15 days after the policy is issued
Actual cash value
Money and securities
Jewelry and furs
Type and amount of coverage desired
Individuals who will operate the vehicle
Where the vehicle is garaged
Gross total weight of the vehicle
Reimburse the mortgagee for its interests in the damaged property
Protect the property from further damage
Separate damaged property from undamaged property
Immediately provide notice
Bodily injury to the insured
Bodily injury to the parties at fault
Physical damage to the auto
Bodily injury to the uninsured driver
$0; the policies of the injured parties provides primary coverage.
Property Damage Liability
No coverage applies due to driver negligence.
Overflow of inland waters
Surface water run-off
All reasonable medical expenses are covered up to the policy limit.
Legal liability need not be proven for payment to be made.
An insured struck by a vehicle while a pedestrian would be covered.
A neighbor is assisting you in changing your tire and is injured while loosening the lug nuts.
All of the above.
None of the above.
Eliminates risk by accumulating funds
Transfers risk by accumulating funds
Makes risks predictable by transferring funds
Eliminates risk by transferring funds
It provides extra limits of coverage.
It is an insurance contract on behalf on an insured for a variety of personal losses.
It is the only liability contract an individual or business needs.
It provides coverage exposures not covered by other policies.
Owner of a rental house
Owner of a duplex
Owner of a condominium
Tenant of a rental house
Adding the earthquake coverage endorsement will provide the coverage needed.
The Homeowners policy automatically provides.
A state fund will cover damages resulting from earthquake.
A separate earthquake policy should be purchased to provide full coverage for earth movement.
The smaller the number of risks combined into one group, the less uncertainty there will be as to the amount of loss that will be incurred.
The smaller the number of risks combined into one group, the larger the loss will be to any one individual in that group.
The larger the number of risks combined into one group, the smalled the loss will be to any one individual in that group.
The larger the number of risks combined into one group, the less uncertainty there will be as to the amount of loss that will be incurred.
Someone renting a third floor apartment
The owner of a condominium
The owner of an apartment building
No one - There is no form HO-4.
Additional living expenses
We will cover personal property owned or used by an insured person while it is anywhere in the world.
Property of roomers and boarders not related to an insured person, or property of tenants.
Any personal property which is usually kept at an insured person’s residence other than the residence premises is covered for up to 10% of the Personal Property Coverage limit but not less than $1,000.
Certain items carry special limits but these limits may be increased for an additional charge.
Temporary substitute vehicle
Mexico City, Mexico
A blood relation within the household
A resident family member
A brother living out of state
A foster child
Producer Dawson convinces her prospect to purchase health insurance by explaining how and why the policy is best suited for the prospect's needs.
Several of the parents of the children who play soccer with Producer Dimartino's daughter have used his professional services.
Producer Hill is enrolling in her first financial planning class next fall. She decides to add "financial planner" to her business cards now.
Producer Sam gives a prospect information on the financial condition of an insurer.
The cost of investigating the accident.
The premium for a bail bond.
All of the insured's lost earnings during attendance at a hearing or trial.
The premium for an appeal bond.
Eliminate nuisance claims
Increase the insured's caution
Eliminate small losses
Reduce the cost of insurance
All costs the company incurs in the settlement of any claim or defense of any suit.
Loss of earnings up to $100 a day when the company will ask you to attend trials or hearings.
Bodily injury for the named insured, spouse and resident relatives.