Chapter 10 - Miscellaneous Personal Insurance
Support for FSS team to take INS Exam
- 1.What is the standard deductible under the regular program of the National Flood Insurance Program?
- A.
$1,000
- B.
$500
- C.
$250
- D.
$100
- 2.Who administers the NFIP?
- A.
State insurance department
- B.
Federal government
- C.
Private insurance companies
- D.
The National Association of Insurance Commissioners
- 3.What is the maximum amount of coverage that can be purchased for a single-family home under the emergency Flood insurance program?
- A.
$35,000 for buildings and $10,000 for contents
- B.
$250,000 for buildings and $100,000 for contents
- C.
$100,000 for buildings; contents coverage is not available under the emergency program
- D.
$100,000 for contents; building coverage is not available under the emergency program
- 4.Coverage for earthquake losses is which of the following?
- A.
Included in an unendorsed Dwelling or homeowners policy
- B.
Provided by the federal government
- C.
Available by adding an endorsement to the Dwelling or homeowners policy
- D.
Available by purchasing a separate policy
- 5.Mobile home policies include which of the following?
- A.
Include Liability coverage that is similar to Section II of the homeowners policy
- B.
Might include collision coverage
- C.
Cover the mobile home unit, but not its contents
- D.
Do not cover additional living expenses
- 6.Adequate coverage for large, powerful boats is provided by which of the following?
- A.
A homeowners policy
- B.
A homeowners policy with the Watercraft endorsement attached
- C.
Specialized personal watercraft policies, such as Outboard Motor and Boat, Boatowners, or Personal Yacht policies
- D.
The reinsurance component of FAIR Plans
- 7.A typical Outboard Motor and Boat policy provides which of the following coverages?
- A.
Liability
- B.
Medical Payments
- C.
Physical Damage
- D.
All of the above
- 8.Under a National Flood Insurance policy, losses to which of the following could be paid on a replacement cost basis?
- A.
Personal property
- B.
Single family homes
- C.
Mobile homes
- D.
Both A and B
- 9.Unless an exception applies, when does coverage under an NFIP policy begin?
- A.
As soon as the gross policy premium is received
- B.
Five days after the application and premium payment are mailed
- C.
Thirty days after the date of application
- D.
On the date the flood insurance application is mailed
- 10.Which of the following losses are excluded under most Yacht policies?
- A.
Injury suffered by a passenger in a waterskiing accident
- B.
Collision damage to another boat for which the insured is liable
- C.
Both A and B
- D.
Neither A nor B
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