瑞达 Rejda 保险教材英文练习题20

1、精选文档Principles of Risk Management and Insurance, 11e (Rejda)Chapter 20 Homeowners Insurance, Section I1) Which of the following statements is (are) true regarding renters insurance?I.Renters insurance is needed if you rent a house, but is not needed if you rent an apartment.II.The ISO renters policy

2、 provides all-risks coverage on the insureds personal property.A) I onlyB) II onlyC) both I and IID) neither I nor IIAnswer: DQuestion Status: Previous Edition2) Which of the following statements about eligibility requirements for homeowners insurance is (are) true?I.A contract can be written on a t

3、wenty-unit apartment complex as long as the tenants are families.II.Separate forms are available for renters and condominium owners.A) I onlyB) II onlyC) both I and IID) neither I nor IIAnswer: BQuestion Status: Previous Edition3) All of the following statements about the Homeowners 6 (unit-owners f

4、orm) policy are true EXCEPTA) It includes personal liability coverage.B) It covers personal property on an all-risks basis.C) It provides limited coverage for improvements and alterations.D) It provides limited coverage for loss assessments.Answer: BQuestion Status: Previous Edition4) Which homeowne

5、rs policy is designed for the tenants of rented premises?A) Homeowners 2B) Homeowners 4C) Homeowners 6D) Homeowners 8Answer: BQuestion Status: Previous Edition5) Which of the following statements about the Homeowners 8 policy is (are) true?I.Losses to the dwelling are settled on a replacement cost b

6、asis if the dwelling is insured for its full market value.II.It is designed primarily for expensive, newer, dwellings. A) I onlyB) II onlyC) both I and IID) neither I nor IIAnswer: DQuestion Status: Previous Edition6) Which of the following statements about the Homeowners 3 policy is (are) true?I.Lo

7、sses to the dwelling are always settled on an actual cash value basis.II.Coverage on personal property is limited to $5,000.A) I onlyB) II onlyC) both I and IID) neither I nor IIAnswer: DQuestion Status: Previous Edition7) The major difference between the Homeowners 2 policy and the Homeowners 3 pol

8、icy is theA) insured perils for the dwelling.B) insured perils for personal property.C) type of liability coverage provided.D) amount of coverage for other structures.Answer: AQuestion Status: Previous Edition8) Persons insureds under Section I of the Homeowners 3 policy include which of the followi

9、ng?I.A spouse of the named insured if living in the same householdII.The named insureds children who are under age 24 and who are full-time college studentsA) I onlyB) II onlyC) both I and IID) neither I nor IIAnswer: CQuestion Status: Previous Edition9) Section I of the Homeowners 3 policy provides

10、 coverage for all of the following EXCEPTA) loss of use.B) personal property.C) other structures.D) medical payments.Answer: DQuestion Status: Previous Edition10) All of the following are covered under the dwelling coverage (Coverage A) of the Homeowners 3 policy EXCEPTA) any structure attached to t

11、he dwelling.B) the land on which the insured dwelling is located.C) materials and supplies intended for alteration or repair of the dwelling.D) materials and supplies intended for construction of a detached garage.Answer: BQuestion Status: Previous Edition11) Which of the following statements about

12、the coverage for other structures (Coverage B) under the Homeowners 3 policy is true?A) The amount of insurance on other structures is equal to a percentage of the coverage on the dwelling.B) Structures attached to the dwelling by a fence or utility line are considered to be part of the dwelling rat

13、her than other structures.C) Coverage applies even if the other structure is used for business purposes.D) There is no coverage for a private garage if it is rented to a tenant of the dwelling.Answer: AQuestion Status: Previous Edition12) All of the following losses are subject to special limits of

14、liability under the Homeowners 3 policy EXCEPT theA) theft of firearms.B) destruction by fire of property used for business purposes.C) storm damage to a boat at a marina. D) destruction of jewelry by fire.Answer: DQuestion Status: Previous Edition13) Which of the following statements about the pers

15、onal property coverage (Coverage C) of the Homeowners 3 policy is (are) true?I.The coverage applies only in the United States and Canada.II.The full amount of coverage applies only if the property is permanently located at any residence of the insured.A) I onlyB) II onlyC) both I and IID) neither I

16、nor IIAnswer: DQuestion Status: Previous Edition14) The Homeowners 3 policy limits the amount of coverage provided on certain personal property (e.g. coin collections and silverware). This personal property can be adequately insured byA) lowering the deductible which applies to personal property los

17、ses.B) storing the property away from the home at another location.C) adding a schedule to the policy listing the property with specific amounts of insurance.D) adding an appraisal clause to the policy.Answer: CQuestion Status: Previous Edition15) Which of the following property is covered under the

18、 personal property coverage (Coverage C) of the Homeowners 3 policy?A) a pet iguana owned by the named insureds spouseB) a bicycle owned by a foster child living with the named insuredC) music CDs located in the named insureds automobileD) a stamp collection insured under a separate policyAnswer: BQ

19、uestion Status: Previous Edition16) All of the following statements about the coverage for loss of use (Coverage D) under the Homeowners 3 policy are true EXCEPTA) If a covered loss makes the home unfit for living, the insurer pays additional living expenses the insured may incur as a result of the

20、loss.B) The duration of payments for additional living expenses is limited to a maximum of 15 days.C) There is coverage for the fair rental value of any part of the premises rented to others.D) There is coverage if civil authorities prohibit the insured from using the premises because of a loss to a

21、 neighboring premises from an insured peril.Answer: BQuestion Status: Previous Edition17) Which of the following statements about the additional coverages under Section I of the Homeowners 3 policy is true?A) There is coverage for the reasonable cost incurred to protect property from further damage

22、after a covered loss occurs.B) There is unlimited coverage for furnishings of the landlord in an apartment on the premises that is rented to others.C) Property removed from the premises because it is endangered by an insured peril is covered on a named-perils basis while it is outside the insured pr

23、emises. D) Damage caused by the settling of the insured structure is covered as a collapse.Answer: AQuestion Status: Previous Edition18) All of the following are additional coverages under Section I of the Homeowners 3 policy EXCEPTA) the reasonable expenses of removing debris of covered property af

24、ter an insured loss.B) fire department service charges for which the insured is liable by contract or agreement.C) damage to trees and shrubs caused by a windstorm.D) losses incurred from the unauthorized use of a stolen credit card.Answer: CQuestion Status: Previous Edition19) All of the following

25、are covered perils under the personal property coverage (Coverage C) of an unendorsed Homeowners 3 policy EXCEPTA) earthquake.B) theft.C) windstorm.D) explosion.Answer: AQuestion Status: Previous Edition20) Which of the following losses to a dwelling would be covered under an unendorsed Homeowners 3

26、 policy?A) smoke damage resulting from agricultural operations of a neighboring farmerB) damage to the structure caused by a flash floodC) damage to the structure caused by the weight of heavy snowD) damage to a floor caused by water backing up through a sewer pipeAnswer: CQuestion Status: Previous

27、Edition21) Which of the following statements about covered perils under the personal property coverage (Coverage C) of the Homeowners 3 policy is true?A) Theft losses to boats and watercraft are covered only if they occur at the insureds residence.B) Damage from an explosion is covered only if the e

28、xplosion is the result of fire or lightning.C) Property damage from vehicles is covered only if it is caused by the insured.D) Smoke damage is covered only if it arises from agricultural or industrial operations.Answer: AQuestion Status: Previous Edition22) Which of the following types of water dama

29、ge is covered under an unendorsed Homeowners 3 policy?A) damage from floodB) damage from water backing up through a drainC) damage from water below the surface of the ground that seeps into a basementD) damage from water that overflows from a malfunctioning washing machineAnswer: DQuestion Status: P

30、revious Edition23) All of the following are general exclusions under Section I of the Homeowners 3 policy EXCEPTA) losses due to earthquake.B) losses due to the failure of the insured to use all reasonable means to save and preserve property after the time of a loss.C) losses resulting from a power

31、failure caused by an insured peril at the residence premises.D) losses due to radiation from a nuclear power plant.Answer: CQuestion Status: Revised24) Which of the following is (are) included among the duties of an insured following a loss covered under the Homeowners 3 policy?I.To file a proof of

32、loss within a specified time period after the insurers request.II.To prepare an inventory of damaged personal property.A) I onlyB) II onlyC) both I and IID) neither I nor IIAnswer: CQuestion Status: Previous Edition25) Which of the following statements about the replacement cost provision of the Hom

33、eowners 3 policy is true?A) It applies to personal property losses only.B) Except for small losses, the insured must repair or replace the damaged property in order to receive full replacement cost.C) The insured is required to carry an amount of insurance equal to 100 percent of the replacement val

34、ue of the insured property.D) Loss settlements are equal to 50 percent of the value of the loss if the insured is carrying less than the required amount of insurance.Answer: BQuestion Status: Previous Edition26) David has a Homeowners 3 policy that provides $280,000 of insurance on his dwelling, whi

35、ch has a current replacement value of $400,000. Ignoring any deductible, how much will David collect if a kitchen with a replacement value of $24,000 but an actual cash value of $18,000 is destroyed in a fire?A) $18,000B) $20,000C) $21,000D) $24,000Answer: CQuestion Status: Previous Edition27) Which

36、 of the following statements about the appraisal clause in the Homeowners 3 policy is (are) true?I.It is used to determine a value for personal property when the policy is issued. II.It is used to help settle disputes over the amount of a loss after a loss has occurred. A) I only B) II only C) both

37、I and II D) neither I nor IIAnswer: BQuestion Status: Previous Edition28) Under the Homeowners 3 policy, all of the following are options of the insurer for settling claims EXCEPTA) paying the claim in cash.B) replacing the property.C) repairing the property.D) paying the claim with insurance compan

38、y stock.Answer: DQuestion Status: Previous Edition29) All of the following are duties of the mortgagee under the standard mortgage clause EXCEPTA) to reimburse the insurer for any loss payments.B) to notify the insurer of any change in ownership of the property of which the mortgagee is aware.C) to

39、provide a proof of loss form if the insured fails to do so.D) to pay the premium if the insured fails to do so.Answer: AQuestion Status: Previous Edition30) All of the following statements about the cancellation of a Homeowners 3 policy are true EXCEPTA) The insurer may cancel a new policy for any r

40、eason if it has been in force for less than 60 days and is not a renewal policy.B) At least 100 days notice of cancellation must be given if an insurer cancels a policy for nonpayment of premium.C) A policy written for longer than 1 year can be cancelled for any reason on the anniversary date by giv

41、ing the insured at least 30 days notice of cancellation.D) After a policy has been in force for at least 60 days, it can be cancelled by the insurer if the risk has increased substantially since the policy was issued.Answer: BQuestion Status: Previous Edition31) All of the following statements about

42、 conditions under a homeowners policy are true EXCEPTA) If an insurer broadens coverage without an additional premium during the policy period, the broadened coverage applies immediately to the present policy.B) A waiver or change in any policy provision must be approved in writing by the insurer to

43、 be valid.C) The insurer must give written consent for an assignment of the policy to be valid.D) If the named insured dies, coverage automatically ceases with respect to any property of the deceased.Answer: DQuestion Status: Previous Edition32) Cal is renting an apartment. Which homeowners policy i

44、s specially designed to insure renters?A) HO-2B) HO-3C) HO-4D) HO-6Answer: CQuestion Status: Previous Edition33) Shauna purchased a condominium unit. Which homeowners policy is specially designed for condominium unit owners?A) HO-2B) HO-3C) HO-4D) HO-6Answer: DQuestion Status: Previous Edition34) Mi

45、chelle had four matching end tables in her home. A fire damaged the home, destroying two of the end tables. Michelles home was covered by an unendorsed Homeowners 3 policy. Which of the following is true with regard to the settlement for the end tables in this case?A) Loss to a pair or set is exclud

46、ed under the policy.B) The insurer will pay the difference in actual cash value of the property before and after the loss.C) The insurer will pay the replacement cost of the loss.D) If a partial loss to a pair or set occurs, the insurer is liable for replacement of the entire pair or set.Answer: BQu

47、estion Status: Previous Edition35) Bettys personal property is insured for $100,000 under her Homeowners 3 policy. If she usually keeps some personal property at a mountain cabin that she owns, how much coverage for this property is available under her homeowners policy?A) $10,000B) $20,000C) $40,00

48、0D) $50,000Answer: AQuestion Status: Previous Edition36) Linda wants to purchase a homeowners policy, but she has some valuable personal property to which internal policy limits apply. Her agent said that she could obtain coverage under her homeowners policy by attaching a list of this valuable prop

49、erty with specific amounts of insurance. Such a listing is called a(n)A) binder.B) schedule.C) application.D) warranty.Answer: BQuestion Status: Previous Edition37) All of the following are additional coverages provided under Section I of the Homeowners 3 policy EXCEPTA) reasonable repairs.B) debris

50、 removal.C) personal liability.D) property removal.Answer: CQuestion Status: Previous Edition38) Darla purchased an unendorsed Homeowners 3 policy. While the policy was in force, a fire occurred that destroyed a living room set. The living room set cost $4,000 new, but was 25 percent depreciated whe

51、n the loss occurred. Replacement furniture will cost $4,400. Assuming no deductible, how much will Darla receive from her insurer?A) $3,000B) $3,300C) $3,400D) $4,400Answer: BQuestion Status: Previous Edition39) A dwelling with a replacement cost of $150,000 was insured under a Homeowners 3 policy f

52、or $100,000 at the time the roof was destroyed by a windstorm. The actual cash value of the loss was $9,000, but it will cost $12,000 to replace the roof. Assuming no deductible, what will the insurer pay to settle this loss?A) $8,000B) $9,000C) $10,000D) $12,000Answer: CQuestion Status: Previous Ed

53、ition40) Ellen believes the value of the loss to her home is $30,000. The insurer has offered $18,000 to settle the loss. If Ellen and the insurer cannot agree on the value of the loss, which homeowners policy provision specifies how this dispute will be settled?A) insurers optionB) appraisal clause

54、C) loss payment clauseD) mortgage clauseAnswer: BQuestion Status: Previous Edition41) Ted purchased a home. To finance the purchase, he borrowed $140,000 from ABC Bank, pledging the home as collateral for the loan. Shortly after purchasing the home, Ted lost his job. He could not find another job an

55、d could not pay the mortgage each month. Ted set fire to the home. The claims adjuster suspected arson, and an investigation proved that Ted intentionally caused the loss. Under the mortgage clause of the Homeowners 3 policy, how will this loss be settled?A) The insurer has no liability because the

56、loss was intentional.B) The insurer will pay Ted the actual cash value of the loss as intentional loss is not excluded.C) The insurer will pay ABC the value of its insurable interest and pay Ted the value of his insurable interest.D) The insurer will pay ABC the value of its insurable interest and t

57、hen attempt to recoup the loss payment from Ted.Answer: DQuestion Status: Revised42) Mike and Susan built their dream home. They insured their home for its full replacement cost. They also added an endorsement that will pay up to an additional 20 percent of the policy limit in case the cost of rebuilding the home after a loss is greater than the policy limit. The basis under whi