3: Assessing Residential Property Risks
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Some buildings become repeat targets for a lightning A. Location and surroundings.
strike because of their
Select one:
A. Location and surroundings.
B. Age and maintenance.
C. Construction and soil conditions.
D. Building design and occupancy.
Many residential property policies encourage maintaining C. 80
an adequate value on the dwelling by offering
replacement cost coverage. Replacement cost coverage
is offered if the amount of dwelling coverage shown on
the policy is at least what percent of the actual cost to
replace the dwelling at the time of loss?
Select one:
A. 50
B. 75
C. 80
D. 90
Which one of the following construction types describes A. Noncombustible
a building in which all exterior walls and roofs are made
of metal?
Select one:
A. Noncombustible
B. Frame
C. Masonry
D. Ordinary
, Which one of the following statements is true regarding C. New business is more likely to incur an arson loss than business that has been
arson losses in residential properties? with the insurer for several years.
Select one:
A. Arson losses rarely result in total losses.
B. Arson losses are usually the first fire loss claim that an
insured files with the insurer.
C. New business is more likely to incur an arson loss than
business that has been with the insurer for several years.
D. Neither the insured or the mortgagee can collect
when the insured is found responsible for an arson loss.
Which one of the following statements is correct A. Tornadoes are more localized than hurricanes.
regarding windstorm exposure?
Select one:
A. Tornadoes are more localized than hurricanes.
B. Hurricanes increase in intensity when they hit land.
C. Tornadoes are much less destructive than hurricanes.
D. A windstorm becomes a hurricane when its winds
exceed 200 miles per hour.
Tony owns a house in a quiet neighborhood. He often C. Morale hazard
leaves his windows open during the day while he is at
work, and sometimes forgets to lock the back door.
Tony's behavior is an example of which one of the
following types of hazard that a residential property
underwriter should evaluate?
Select one:
A. Physical hazard
B. Financial hazard
C. Morale hazard
D. Moral hazard
The terrain of the land contributes significantly to the A. Steep slopes
spread of wildfire. Wildfires spread more rapidly in
terrains with which one of the following?
Select one:
A. Steep slopes
B. Rocky surfaces
C. Mild hills
D. Flat ground
Which one of the following often causes destruction or D. Wind-driven embers
damage to random structures a long distance away from
the blaze of a wildfire?
Select one:
A. Downed electrical lines
B. Careless people
C. Fire suppression efforts
D. Wind-driven embers
Save
Students also studied
AIS 320 Practice Quiz 1 Questions Assignment 7 - Insurer Marketing Ac... Assignment 7 - Insurance Marketing... Chapte
10 terms 11 terms 41 terms 40 terms
BriannaStefan Preview nadrojs Preview emily_spiteri Preview mag
Some buildings become repeat targets for a lightning A. Location and surroundings.
strike because of their
Select one:
A. Location and surroundings.
B. Age and maintenance.
C. Construction and soil conditions.
D. Building design and occupancy.
Many residential property policies encourage maintaining C. 80
an adequate value on the dwelling by offering
replacement cost coverage. Replacement cost coverage
is offered if the amount of dwelling coverage shown on
the policy is at least what percent of the actual cost to
replace the dwelling at the time of loss?
Select one:
A. 50
B. 75
C. 80
D. 90
Which one of the following construction types describes A. Noncombustible
a building in which all exterior walls and roofs are made
of metal?
Select one:
A. Noncombustible
B. Frame
C. Masonry
D. Ordinary
, Which one of the following statements is true regarding C. New business is more likely to incur an arson loss than business that has been
arson losses in residential properties? with the insurer for several years.
Select one:
A. Arson losses rarely result in total losses.
B. Arson losses are usually the first fire loss claim that an
insured files with the insurer.
C. New business is more likely to incur an arson loss than
business that has been with the insurer for several years.
D. Neither the insured or the mortgagee can collect
when the insured is found responsible for an arson loss.
Which one of the following statements is correct A. Tornadoes are more localized than hurricanes.
regarding windstorm exposure?
Select one:
A. Tornadoes are more localized than hurricanes.
B. Hurricanes increase in intensity when they hit land.
C. Tornadoes are much less destructive than hurricanes.
D. A windstorm becomes a hurricane when its winds
exceed 200 miles per hour.
Tony owns a house in a quiet neighborhood. He often C. Morale hazard
leaves his windows open during the day while he is at
work, and sometimes forgets to lock the back door.
Tony's behavior is an example of which one of the
following types of hazard that a residential property
underwriter should evaluate?
Select one:
A. Physical hazard
B. Financial hazard
C. Morale hazard
D. Moral hazard
The terrain of the land contributes significantly to the A. Steep slopes
spread of wildfire. Wildfires spread more rapidly in
terrains with which one of the following?
Select one:
A. Steep slopes
B. Rocky surfaces
C. Mild hills
D. Flat ground
Which one of the following often causes destruction or D. Wind-driven embers
damage to random structures a long distance away from
the blaze of a wildfire?
Select one:
A. Downed electrical lines
B. Careless people
C. Fire suppression efforts
D. Wind-driven embers
