Chapter 10 - Miscellaneous Personal Insurance

10 Questions | Total Attempts: 354

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Insurance Quizzes & Trivia

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Questions and Answers
  • 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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