PROPERTY AND CASUALTY
COMPREHENSIVE TEST 2026 QUESTIONS
WITH SOLUTIONS GRADED A+
●● Gambling is an example of ____. Answer: Speculative risk
●● Insurance will only cover ____ risks. Answer: Pure
●● The transfer of risk from an individual or business to a professional
risk taking company is called ____. Answer: Insurance
●● Loss is defined as _____ hurt. Answer: Financial
●● Having your car stolen is an example of a ____ loss, whereas not
having the use of your stolen car would be referred to as an _____ or
consequential loss. Answer: Direct and Indirect
●● Insurance that covers your stuff is called ____ insurance. Answer:
Property
●● Insurance that protects you when your stuff gets you in trouble with
The Other Guy is called ____ or _____ insurance. Answer: liability or
casualty
COMPREHENSIVE TEST 2026 QUESTIONS
WITH SOLUTIONS GRADED A+
●● Gambling is an example of ____. Answer: Speculative risk
●● Insurance will only cover ____ risks. Answer: Pure
●● The transfer of risk from an individual or business to a professional
risk taking company is called ____. Answer: Insurance
●● Loss is defined as _____ hurt. Answer: Financial
●● Having your car stolen is an example of a ____ loss, whereas not
having the use of your stolen car would be referred to as an _____ or
consequential loss. Answer: Direct and Indirect
●● Insurance that covers your stuff is called ____ insurance. Answer:
Property
●● Insurance that protects you when your stuff gets you in trouble with
The Other Guy is called ____ or _____ insurance. Answer: liability or
casualty
