C82: Part 2: Study 4

Question 1

Propeety Insurance

Answer 1

First party insurance that indemnifies the owner or user of property for its loss, or the loss of its income- producing ability when the loss or damage is caused by a covered peril, such as fire or explosion

Question 2

Personal Lines Insurance

Answer 2

Insurance for individuals and families, such as private passenger auto insurance & homeownders policies

Question 3

Fire Insurance

Answer 3

Coverage for losses from fire, lightening & limited explosion and also rhe resultsnt damage caused by smoke & water

Question 4

Fire

Answer 4

Combistion manifested in light,flame & heat for useful purposes or desctructuve purposes

Question 5

Extended Coverage Insursncr

Answer 5

An endorsement that enlarges the coverage afforded by the primary policy