Pearson Vue Property Insurance Practice Test with correct answers 100% 2025/2026

Pearson Vue Property Insurance Practice Test with correct answers 100% 2025/2026 1. Which of the following perils is covered under the Commercial Property Basic Cause of Loss form? 1. A. Collapse 2. B. Sinkhole collapse 3. C. Falling objects 4. D. Breakage of glass - Correct Answer Answer: B Sinkhole Collapse The National Flood Insurance Program provides coverage for losses caused by all of the following occurrences EXCEPT: A. mudslides B. runoff from heavy rain C. overflow of tidal waters D. water-main breakage - Correct Answer Answer: D Water-Main Breakage Which of the following statements about a mortgagee's rights under the Dwelling Property Basic Form (DP-1) is INCORRECT? A. No act by the insured will jeopardize the mortgagee's rights. B. The mortgagee may file a Proof of Loss if the insured fails to do so. C. The mortgagee is entitled to receive prior notice of a policy's cancellation. D. The mortgagee may abandon the insured property to the insurer. - Correct Answer Answer: D The mortgagee may abandon the insured property to the insurer. Which of the following Homeowners coverages does NOT generally contain a deductible? A. Personal property B. Other structures