Texas Insurance Exam: Chapter 3 -
Types of Property Policy Exam Questions and Answers (Solved Papers) What are the coverage parts that may be included in a Commercial Package Policy (CPP)? - Correct Answers ✅Commercial property, general liability, crime, equipment breakdown, auto, inland marine, and farm What type of coverage is included in Homeowners policies, but is not available in Dwelling policies? - Correct Answers ✅Liability coverage Which dwelling form provides open peril coverage on the building? - Correct Answers ✅DP-3 (special) Which dwelling policy coverage will insure a garage not attached to the primary insured dwelling? - Correct Answers ✅Coverage B - Other Structures In Commercial Package Policies (CPPs) who may cancel the policy in writing and make changes to the policy with the consent of the insurer? - Correct Answers ✅first-name insured What is mysterious disappearance? - Correct Answers ✅Misplacement or loss of property without knowledge as to the location, time, and cause of the loss 1 / 2
Texas Insurance Exam: Chapter 3 -
Types of Property Policy Exam Questions and Answers (Solved Papers) In Commercial Inland Marine policies, who transports the property of anyone who hires them? - Correct Answers ✅Common carriers What is the maximum of units in residential dwellings insurable by a dwelling policy? - Correct Answers ✅Up to 4 units In dwelling policies, any volcanic activity will be considered part of one occurrence if it all happens within how many hours? - Correct Answers ✅72 hours A basic dwelling policy automatically provides coverage against what? - Correct Answers ✅fire, lightning, and internal explosion Which of the 3 DP forms provides the most limited coverage?
- Correct Answers ✅DP - 1 (Basic)
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If 3 volcanic eruptions happen within 48 hours, and each contributes to property damage, how many deductibles will apply in the dwelling policy? - Correct Answers ✅1