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Exam FX Insurance Practice Exam Questions and Answers 2022/2023 |Verified Answers

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Exam FX Insurance Practice Exam Questions and Answers 2022/2023 |Verified Answers

The causes of loss insured against in an insurance policy are known as {{Ans- Perils

 

Before an insurer will pay any loss under a policy, what is usually required from the insured?

{{Ans- Proof of loss

 

An insured works outside the home. The insured's sister lives with him and cares for his four children. When the insured's home is severely damaged by fire, the family moves into an apartment while repairs are being made. The largest apartment available in the area has two bedrooms, so the insured's sister has to stay at a motel. How much will the HO-3 form pay for these additional living expense?

{{Ans- All of the expense up to the Coverage D limit

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Exam FX Insurance Practice Exam Questions and Answers 2022/2023 |Verified Answers The causes of loss insured against in an insurance policy are known as {{Ans- Perils Before an insure...
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Exam FX Insurance Practice Exam Questions and Answers 2022/2023 |Verified Answers The causes of loss insured against in an insurance policy are known as {{Ans- Perils Before an insurer will pay any loss under a policy, wh...

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