Finn 001 questions with complete
solutions graded A+
The national flood program "Sunsets" in - correct answer ✔✔2023
Maximum flood insurance limit for residential building is: - correct answer ✔✔250,000
In order to provide greater capacity for major flood events, FEMA has initiated all of the following
except: - correct answer ✔✔Increased limits on residential and commercial property
Which of the following is covered in the basement? - correct answer ✔✔Unfinished drywall
Percentage of property owners with flood insurance in SFHA area is: - correct answer ✔✔34%
All of the following perils are covered under the flood policy except: - correct answer ✔✔Water
accumulation covering less than two acres
Primary Flood risk is determined by: - correct answer ✔✔Flood map
Which of the following property items is not covered by Flood insurance? - correct answer ✔✔Outdoor
Furniture
Which of the following is not covered under the Flood Policy? - correct answer ✔✔Additional Living
Expense
Flood Insurance policy becomes effective immediately after completing the application and paying the
premium? - correct answer ✔✔False
, A standard flood insurance policy automatically includes building and contents coverage - correct answer
✔✔False
You must live in a Special Flood Hazard Area (SFHA) to be eligible for flood insurance? - correct answer
✔✔False
Flood is a Covered Peril Under the Auto Policy? - correct answer ✔✔True
Flood is a covered peril under the Homeowners policy? - correct answer ✔✔False
Liability coverage in the unendorsed HO policy has exclusions applying to all of the following except: -
correct answer ✔✔Activities of the insured's children
All of the following losses are covered under Section II except - correct answer ✔✔Insured operates auto
repair shop from garage on residence premises
The insured under the Homeowners Policy becomes irate and attacks the umpire following a Little
League baseball game . Does Liability Coverage Under the HO policy apply to this situation ? - correct
answer ✔✔No
The insured's child falls from a swing set on the insured premises. Is injury to the insured's child covered
under the Homeowners policy? - correct answer ✔✔No
The valuation for blanket personal property coverage under the unendorsed Homeowners Form 3 is: -
correct answer ✔✔ACV
An ATV is stolen from the garage on the Residence Premises. Is the theft of the ATV covered under the
HO ? - correct answer ✔✔No
The insured's child falls from a swing set on the insured premises. Is injury to the insured's child covered
under the Homeowners policy? - correct answer ✔✔No
solutions graded A+
The national flood program "Sunsets" in - correct answer ✔✔2023
Maximum flood insurance limit for residential building is: - correct answer ✔✔250,000
In order to provide greater capacity for major flood events, FEMA has initiated all of the following
except: - correct answer ✔✔Increased limits on residential and commercial property
Which of the following is covered in the basement? - correct answer ✔✔Unfinished drywall
Percentage of property owners with flood insurance in SFHA area is: - correct answer ✔✔34%
All of the following perils are covered under the flood policy except: - correct answer ✔✔Water
accumulation covering less than two acres
Primary Flood risk is determined by: - correct answer ✔✔Flood map
Which of the following property items is not covered by Flood insurance? - correct answer ✔✔Outdoor
Furniture
Which of the following is not covered under the Flood Policy? - correct answer ✔✔Additional Living
Expense
Flood Insurance policy becomes effective immediately after completing the application and paying the
premium? - correct answer ✔✔False
, A standard flood insurance policy automatically includes building and contents coverage - correct answer
✔✔False
You must live in a Special Flood Hazard Area (SFHA) to be eligible for flood insurance? - correct answer
✔✔False
Flood is a Covered Peril Under the Auto Policy? - correct answer ✔✔True
Flood is a covered peril under the Homeowners policy? - correct answer ✔✔False
Liability coverage in the unendorsed HO policy has exclusions applying to all of the following except: -
correct answer ✔✔Activities of the insured's children
All of the following losses are covered under Section II except - correct answer ✔✔Insured operates auto
repair shop from garage on residence premises
The insured under the Homeowners Policy becomes irate and attacks the umpire following a Little
League baseball game . Does Liability Coverage Under the HO policy apply to this situation ? - correct
answer ✔✔No
The insured's child falls from a swing set on the insured premises. Is injury to the insured's child covered
under the Homeowners policy? - correct answer ✔✔No
The valuation for blanket personal property coverage under the unendorsed Homeowners Form 3 is: -
correct answer ✔✔ACV
An ATV is stolen from the garage on the Residence Premises. Is the theft of the ATV covered under the
HO ? - correct answer ✔✔No
The insured's child falls from a swing set on the insured premises. Is injury to the insured's child covered
under the Homeowners policy? - correct answer ✔✔No
