FREE DC Homeowners Insurance Questions and Answers

Question 1

A building that does NOT contain enough personal property to be used for that purpose and no one was home at the time of the loss best describes which of the following terms?

Accepted Answer

Vacant

Answer

Uninsurable

Answer

Unoccupied

Answer

Empty

Question 2

A devise which is used to minimize small nuisance claims, keep insurance premiums down and may reduce morale hazards is called

Accepted Answer

Deductible

Answer

Arbitration

Answer

Coinsurance

Answer

Appraisal

Question 3

All of the following are elements necessary for a contract to be valid, EXCEPT:

Accepted Answer

Signature

Answer

Legal Competent Parties

Answer

Consideration

Answer

Agreement

Question 4

All of the following are resident producer requirements EXCEPT:

Accepted Answer

Be over 21

Answer

Submit an application to the Commission and have it evaluated

Answer

Be honest and trustworthy

Answer

Pass the state licensing exam

Question 5

All of the following will be listed on a written binder, EXCEPT:

Accepted Answer

Premium

Answer

Insurer's name

Answer

Policy limits

Answer

Effective dates