APCI Arizona Property and Casualty Insurance Exam - Set 3 - Part 3
Test your knowledge of technical writing concepts with these practice questions. Each question includes detailed explanations to help you understand the correct answers.
Question 41: An Arizona insured backs a licensed automobile out of her driveway in Peoria, strikes a pedestrian, and is sued. She asks whether her homeowners Section II coverage will defend the claim. Which of the following correctly describes the result?
Question 42: An Arizona lender financing a home in Maricopa County is named on the homeowners policy and wants assurance that it will be paid on a covered loss even if the homeowner has done something that voids her own coverage. Which provision gives that protection?
Question 43: An Arizona homeowner and her insurer agree that a hail loss to her Prescott roof is covered but cannot agree on what the repair is worth. Each side wants a way to resolve the dispute without going to court. Which homeowners condition provides that route?
Question 44: An Arizona family carries an unendorsed special form homeowners policy in Casa Grande. A rare mishap not named anywhere in the policy damages the dwelling, and a separate incident of the same kind damages the living room furniture. Which of the following describes the outcome?
Question 45: An Arizona collector owns several valuable violins whose worth far exceeds what her homeowners policy would pay under its category caps, and she wants each instrument covered for an agreed amount on an open peril basis. Which of the following meets that need?
Question 46: An Arizona homeowner in Glendale learns that her five-year-old sofa would be settled at its depreciated value under the terms of her policy. She wants furniture and clothing settled instead at today's cost for new items of like kind. Which endorsement accomplishes that?
Question 47: An Arizona homeowner in Tempe begins caring for four children in her home during weekdays for a fee, and her producer warns that Section II would otherwise treat this as an excluded activity. Which endorsement addresses that exposure?
Question 48: An Arizona homeowner near a fault in the northern part of the state asks her producer to add earthquake coverage to her homeowners policy and is told the deductible will not work the way her other deductibles do. Which of the following explains that difference?
Question 49: An Arizona insured owns a twenty-two foot powerboat with an outboard motor that she keeps on a trailer and takes to Lake Havasu, and she wants liability coverage that her homeowners policy would not otherwise provide. Which endorsement addresses this?
Question 50: An Arizona producer must distinguish two Section II endorsements for a client. One covers an insured acting as an employee of another person's business, and the other covers a small office or studio the insured operates in her own home. Which of the following names them in order?
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