Personal Lines exam topics

Home, auto, liability, policy language, and Texas rules tested on this exam.

Showing 51 to 60 of 352 articles · Page 6 of 36

Transportation Expense vs. Rental ReimbursementTransportation expense is a limited benefit in many personal auto forms that helps with temporary transportation after a specified event, often theft …
Homeowners Personal Property Limits and Special LimitsA homeowners personal-property limit caps the total eligible contents loss, while special limits cap payment for particular categories or causes, such…
Personal Auto Policy ExclusionsA personal auto policy exclusion removes coverage for specified people, vehicles, uses, or losses even when an auto is involved. Common exclusions or …
Scheduled Personal Property and Personal Articles FloatersScheduling lists valuable property or a class of property on an endorsement or personal articles floater, often to set a higher limit or broaden cover…
Umbrella Insurance vs. Excess Liability InsuranceUmbrella and excess liability policies can both provide limits above underlying insurance, but the terms are not interchangeable guarantees. Excess po…
Homeowners Replacement Cost vs. Actual Cash ValueReplacement cost generally measures the cost to repair or replace covered property with like kind and quality without deducting depreciation; actual c…
Texas Minimum Auto Liability LimitsTexas requires a motor-vehicle liability policy used to establish financial responsibility to provide at least $30,000 for bodily injury to one person…
Umbrella Insurance Underlying LimitsAn umbrella policy's underlying limits are the minimum primary liability limits the insured must keep on policies listed in the umbrella schedule, suc…
DP-1 Dwelling Policy: Basic-Form CoverageA DP-1 is the basic dwelling-policy form: it starts with a narrow list of named perils, commonly fire, lightning, and internal explosion in the classi…
Texas UM/UIM Coverage: Offer and RejectionTexas auto insurers generally must offer uninsured and underinsured motorist coverage with an automobile liability policy. The coverage applies unless…