Personal Lines exam topics
Home, auto, liability, policy language, and Texas rules tested on this exam.
Showing 231 to 240 of 352 articles · Page 24 of 36
- Vacant Home Insurance vs. Standard Homeowners CoverageA standard homeowners policy can restrict or exclude certain losses after a home meets the form’s definition of vacant for a stated period. A vacant-h…
- When a Fallen Tree Is Covered by Home InsuranceHome insurance may cover a fallen tree when a covered event damages insured property, and some forms pay limited removal costs in specified situations…
- Permissive Drivers Under Personal Auto InsuranceA personal auto policy will often extend liability coverage when someone drives a covered auto with the owner’s permission, but permission alone is no…
- Named Driver Exclusions in Texas Auto InsuranceTexas permits a named-driver exclusion only when it identifies each excluded person rather than a class of drivers and the named insured accepts it in…
- Liability Coverage for a Borrowed CarAfter a borrowed-car crash, the owner’s auto policy commonly responds first to liability arising from use of its covered vehicle; the borrower’s polic…
- Rental Car Liability vs. Rental ReimbursementRental-car liability coverage protects against covered legal responsibility for injury or property damage while using a rental vehicle; rental reimbur…
- Auto Insurance Deductibles for Collision and Other LossesAn auto deductible is the amount the insured retains on a covered first-party loss, subject to the policy’s rules. Collision and other-than-collision …
- Actual Cash Value in an Auto Total LossActual cash value (ACV) is generally the vehicle’s pre-loss value after depreciation, not the amount needed to buy a new car or pay off a loan. TDI sa…
- Law of Large Numbers in InsuranceThe law of large numbers explains why an insurer can usually estimate aggregate losses more reliably across many similar, independent exposure units t…
- Hazard vs. Peril in InsuranceA peril is the cause of a loss, such as fire, theft, or collision. A hazard is a condition or behavior that increases the chance or severity of loss, …