AK Property & Casualty - Property Insurance Exam Questions and Answers (Solved Papers) farm liability coverage form (FL 00 20) - Correct Answers ✅farm insurance that provides coverage against liability claims arising from the insureds farming operations and personal activities broad theft coverage (DP 04 83) - Correct Answers ✅a dwelling policy endorsement that covers damage caused to windows or doors by burglars attempting to enter the insured premise protective safeguards endorsement - Correct Answers ✅a BOP policy endorsement that makes installation and maintenance of protective safeguards a condition of coverage businessowners policy (BOP) - Correct Answers ✅a package policy designed to provide both property and general liability coverage for eligible small to medium business
HO personal property sublimit: compact discs and other
media in a motor vehicle - Correct Answers ✅$250 commercial package policy (CPP) - Correct Answers ✅a package insurance policy that provides both liability and property coverage for businesses and other organizations 1 / 3
AK Property & Casualty - Property Insurance Exam Questions and Answers (Solved Papers) homeowners policy contents broad form 4 (HO4) - Correct Answers ✅a homeowners package policy designed for apartment tenants HO policy coverage E (liability) - Correct Answers ✅the section of a homeowners policy that covers the insureds legal liability to other parties for bodily injury and property damage automatic increase in insurance (DP 04 11) - Correct Answers ✅a dwelling policy endorsement that increases the policy limit on the dwelling and other structures by stated annual percentage
HO personal property sublimit: money - Correct Answers
✅$200
livestock coverage form (FP 00 40) - Correct Answers ✅an inland marine insurance form designed specifically for farm animals property that may be covered under an ISO personal articles floater - Correct Answers ✅regarding either form of the ISO
personal articles floater: jewelry, furs and garments trimmed
wit fur, cameras, musical instruments, silverware, golf equipment, fine arts, stamp collections, coin collections 2 / 3
AK Property & Casualty - Property Insurance Exam Questions and Answers (Solved Papers) equipment breakdown insurance coverage options - Correct Answers ✅10 coverages that include costs to make temporary repairs and hasten permanent replacements; spoilage losses caused by a loss of power or refrigeration; losses caused by a breakdown to a utilities property; and equipment losses at a new location if it is of the same type already insured at a current insured location commercial property coverage form - Correct Answers ✅a property package policy that includes six separate coverage forms section II of an ISO homeowners policy - Correct Answers ✅part of every ISO homeowners policy form, this covers personal liability loss exposures faced by homeowners dwelling policy coverage C - Correct Answers ✅the section of a dwelling policy that covers personal property within the dwelling
HO personal property sublimit: business property off the
insured's premises - Correct Answers ✅$1500 flood insurance rate map (FIRM) - Correct Answers ✅a national flood insurance program map that identifies all of the flood hazard zones in a community
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