1|Page
2025 Newest Property and Casualty Exam Prep Test
Bank with 300 Questions and Correct Answers/
Property and Casualty License Test / P & C Exam
real property - ...✔✔ANSWER✔✔...buildings
Personal Property - ...✔✔ANSWER✔✔...moveable
contents
specific and blanket - ...✔✔ANSWER✔✔...covered
property types
specific/scheduled property - ...✔✔ANSWER✔✔...detailed
list of covered items
blanket property - ...✔✔ANSWER✔✔...-all of a certain
type of property
-single limit of coverage
-no detailed list
,2|Page
Limits of Insurance - ...✔✔ANSWER✔✔...-maximum
coverage limits
-listed on declarations page
Named Peril - ...✔✔ANSWER✔✔...only perils listed are
covered
Open (special) perils - ...✔✔ANSWER✔✔...covers all
perils except those specifically excluded
Basic Perils - ...✔✔ANSWER✔✔...-Fire, lightning, and
internal explosion
-extended coverage :WCSHAVVER and
Vandalism and Malicious Mischief (V&MM)
wind
civil commontion
smoke
hail
aircraft
,3|Page
vehicles
volcanic eruption
explosion
riot - ...✔✔ANSWER✔✔...WCSHAVVER
vandalism and malicious mischief -
...✔✔ANSWER✔✔...V&MM
Broad Perils - ...✔✔ANSWER✔✔...All of basic (fire,
lightning, and internal explosion) plus extended perils
(WCSHAVVER and V&MM) plus BIG AFFECT
burglary damage
ice, snow, sleet (weight of)
glass breakage
accidental discharge of water
freezing objects
falling objects
electrical current
collapse
tearing asunder - ...✔✔ANSWER✔✔...BIG AFFECT
, 4|Page
special/opem peril coverage -
...✔✔ANSWER✔✔...everything covered except exclusions
Direct Loss - ...✔✔ANSWER✔✔...Loss that is a direct
result of a peril, such as fire.
Indirect Loss - ...✔✔ANSWER✔✔...Loss that is a result or
consequence of a direct loss
class 1 - frame
class 2 - joisted masonry
class 3 - noncombustible
class 4 - masonry noncombustible
class 5 - modified fire resistive
class 6 - fire resistive - ...✔✔ANSWER✔✔...classes of
construction
Loss Valuation - ...✔✔ANSWER✔✔...how the insurance
company determines appropriate amount of loss to be
paid
2025 Newest Property and Casualty Exam Prep Test
Bank with 300 Questions and Correct Answers/
Property and Casualty License Test / P & C Exam
real property - ...✔✔ANSWER✔✔...buildings
Personal Property - ...✔✔ANSWER✔✔...moveable
contents
specific and blanket - ...✔✔ANSWER✔✔...covered
property types
specific/scheduled property - ...✔✔ANSWER✔✔...detailed
list of covered items
blanket property - ...✔✔ANSWER✔✔...-all of a certain
type of property
-single limit of coverage
-no detailed list
,2|Page
Limits of Insurance - ...✔✔ANSWER✔✔...-maximum
coverage limits
-listed on declarations page
Named Peril - ...✔✔ANSWER✔✔...only perils listed are
covered
Open (special) perils - ...✔✔ANSWER✔✔...covers all
perils except those specifically excluded
Basic Perils - ...✔✔ANSWER✔✔...-Fire, lightning, and
internal explosion
-extended coverage :WCSHAVVER and
Vandalism and Malicious Mischief (V&MM)
wind
civil commontion
smoke
hail
aircraft
,3|Page
vehicles
volcanic eruption
explosion
riot - ...✔✔ANSWER✔✔...WCSHAVVER
vandalism and malicious mischief -
...✔✔ANSWER✔✔...V&MM
Broad Perils - ...✔✔ANSWER✔✔...All of basic (fire,
lightning, and internal explosion) plus extended perils
(WCSHAVVER and V&MM) plus BIG AFFECT
burglary damage
ice, snow, sleet (weight of)
glass breakage
accidental discharge of water
freezing objects
falling objects
electrical current
collapse
tearing asunder - ...✔✔ANSWER✔✔...BIG AFFECT
, 4|Page
special/opem peril coverage -
...✔✔ANSWER✔✔...everything covered except exclusions
Direct Loss - ...✔✔ANSWER✔✔...Loss that is a direct
result of a peril, such as fire.
Indirect Loss - ...✔✔ANSWER✔✔...Loss that is a result or
consequence of a direct loss
class 1 - frame
class 2 - joisted masonry
class 3 - noncombustible
class 4 - masonry noncombustible
class 5 - modified fire resistive
class 6 - fire resistive - ...✔✔ANSWER✔✔...classes of
construction
Loss Valuation - ...✔✔ANSWER✔✔...how the insurance
company determines appropriate amount of loss to be
paid
