TPCI Tennessee Property and Casualty Insurance Exam - Set 2 - 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: The most commonly purchased owner-occupant homeowners form insures the dwelling and other structures on an open peril basis but covers personal property only on named broad perils. Which form matches this split between the structure and the contents?
Question 42: A homeowners policy places a special dollar limit on theft of jewelry, watches, and furs, well below the overall contents limit, to encourage separately scheduling valuables. If a five thousand dollar diamond ring is stolen, what is the most an unendorsed policy pays for that theft?
Question 43: An instructor stresses one peril that every homeowners form automatically covers but that a dwelling property policy never includes unless added by endorsement. This difference often surprises new producers comparing the two programs. Which peril is automatically covered in all homeowners forms but not in dwelling forms?
Question 44: After a covered tornado makes a Nashville home uninhabitable, the family incurs extra costs for temporary housing above their normal living expenses. In the homeowners forms, the coverage paying these additional living expenses is set at what portion of the Coverage A limit?
Question 45: A visitor is injured on an insured's property in Memphis and sues. Under Section II of an unendorsed homeowners policy, the insurer will defend the insured and pay covered damages up to a standard base limit for any one occurrence. What is that standard Coverage E limit?
Question 46: Several losses are listed as general exclusions in every homeowners form, but one of these is actually a covered cause of loss under broad and special coverage. Which of the following losses is not excluded in all homeowners forms?
Question 47: Under an unendorsed HO-3 Special Form, an adjuster settles a claim for the insured's damaged furniture and clothing after a covered kitchen fire. Without adding a personal property replacement cost endorsement, on what basis are these contents losses actually paid?
Question 48: A homeowner owns valuable jewelry and fine arts that exceed the policy's special limits. She wants each category separately listed with its own amount, covered on an open peril basis with no deductible. Which endorsement provides this scheduled coverage for valuables?
Question 49: A homeowners policy's Section II additional coverages include a goodwill provision paying for property the insured damages without regard to legal liability, useful when the insured breaks a borrowed item. Up to what amount per occurrence does damage to property of others pay?
Question 50: A homeowners policy's medical payments to others coverage is sometimes called guest medical because of who it will and will not pay. When the named insured's own child, a regular household resident, is injured at home, how does Coverage F respond?
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