NR 509 FINAL EXAM WITH ALL SOLUTIONS

Personal Lines Exam Prep Test b b b b




Questions With Answers b b b




Actual gcash gvalue gis gdefined gas..... g- g gcorrect ganswer-replacement gcost gminus
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gdepreciation.
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Fine garts gare gtypically ginsured gon gan g______ g______ g_____, gwhereby gan
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ginsured, gand ginsured gagree, gat gtime gof ginsuring, gon gan gamount gof ginsurance gto
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gbe gpaid gat gthe gevent gof ga gloss. g- g gcorrect ganswer-Agreed gValue gBasis
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The gowner gof gclothing gto gbe gcleaned gwould gbe ga g______. gThe gdry gcleaner
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gcleaning gthe gclothes gis gthe g______. g- g gcorrect ganswer-Bailor, gBailee
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The ginsurer ghas gthe gright gto gtake gpossession gof gdamaged gproperty gafter
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gpayment gof gloss. g- g gcorrect ganswer-True
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The g______ gcovered gin ga gproperty gpolicy gare galways gin gthe ginsuring gagreement.
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g- g gcorrect ganswer-Perils
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Additional gliving gexpense gis gan gindirect gloss, gnot ga gdirect gloss. g- g gcorrect
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ganswer-True
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When gproperty gis gcovered gon ga g___________ g____ g_____, gthere gis gno
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gdeduction gfor gdepriciation. g- g gcorrect ganswer-Replacement gCost gBasis
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____ g_____ g________, gcover grisks gof gdirect gphysical gloss gand gthe gperils gthat
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gare gnot gnamed. g- g gcorrect ganswer-Open gPeril gPolicies
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The ginsuring gagreement gcontains gthe ginsurer's gpromises gto gthe ginsured. gThe
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ginsureds gname gis gfound gin gthe g____________. g- g gcorrect ganswer-Declarations
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