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, …