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Types of Casualty Policies Quiz

TTEC

Created on May 21, 2023

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Help the shepherd dog to collect all the farm animals.

Types of Casualty Policies QUIZ

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question 1/10

This condition states that no suit may be brought against the insurer unless the insured has fully complied with all policy conditions and the action is started within two years of the date of the loss. Which type of condition is this?

Suit against the insurer

Cancellation and Nonrenewal

Dismantling of pole

Damage by burglars

Freezing of plumbing

question 2/10

Which of the following is not covered under Broad Form?

Property of the tenants, roomers, and boarders (other than relatives)

Credit cards and fund transfer cards

Silver, silver-plated ware, gold, gold-plated ware

question 3/10

In addition to the special limits, certain types of property are specifically excluded from coverage. Which of the following properties is covered by the broad theft endorsement?

Theft of property that is part of the dwelling

Damage to a roof caused by freezing

Fire or lightning

question 4/10

Which of the following is not covered under Special Form?

question 5/10

There are general exclusions that define the actual extent of coverage provided. Which of the following is not part of the exclusions for this policy?

Aside from the general exclusions, there are two more situations that are excluded from the policy. Where can these be found?

Special Form

Conditions

question 6/10
question 7/10

The insurer can elect to repair or replace a missing piece to restore the set to the value prior to the loss? Which type of condition is this?

Liberalization

Loss Settlement

Pair or Set

question 8/10

Which of the following is not covered under Basic Form?

A volcanic eruption happened on Monday. Unfortunately, it erupted again the next day and the following day. How many deductibles will an insured get?

Two deductibles

One deductible

question 9/10
question 10/10

The insurer has the option to fix and exchange any part of a damaged property with like property by providing written notice to the insured within 30 days from receiving signed, sworn proof of loss. Which type of condition is this?

Insurable interest and limit of insurance

Insurer’s option to repair or replace

Suit against the insurer

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