Free Other Property Insurance Practice Questions
Indiana Property exam — 71 practice questions.
Subtopics: Mine subsidence defined, Mine subsidence exclusions, Eligible counties, Mine subsidence deductible, Mine subsidence ALE, Duty to inform, Separate premium, Mine subsidence reinsurance, Unrepaired damage, One occurrence, Prior damage, Mine subsidence fund, Mine subsidence valuation, NFIP flood, NFIP waiting period, NFIP limits, Difference in conditions, Mobile home policy, Ocean marine implied warranty, General average, NFIP Risk Rating 2.0, NFIP Increased Cost of Compliance, Write Your Own program, Nationwide marine definition, Personal articles floater, Beachfront and windstorm plans, Ocean marine hull coverage, NFIP flood definition, NFIP contents limit, NFIP nonresidential limit, NFIP ICC limit, NFIP waiting exception - loan, NFIP map revision, NFIP building valuation, NFIP contents valuation, NFIP basement, NFIP proof of loss, NFIP lawsuits, NFIP loss avoidance, NFIP Community Rating System, NFIP participating community, NFIP emergency vs regular program, NFIP forms, Inland marine floater, Homeowners vs boat theft, Cargo coverage, Crop insurance, Crop-hail, DIC flood and quake, NFIP, Ocean marine, Farm property, Farm liability, Farm machinery, Inland marine floaters, Scheduled property, FAIR plans, Cyber - first party, Cyber coverage gaps, Cyber coverage forms
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Sample questions & answers
1. Under Indiana law, "mine subsidence" means what?
Collapse of an underground coal mine damaging a structure
IC 27-7-9-3 defines mine subsidence as the collapse of an underground coal mine resulting in damage to a structure, excluding earthquake, landslide, volcanic eruption and collapse of storm or sewer drains.
2. Which loss is excluded from the definition of mine subsidence in Indiana?
Collapse of a storm drain
The definition does not include loss caused by earthquake, landslide, volcanic eruption or collapse of storm or sewer drains.
3. Indiana mine subsidence insurance is available for structures located where?
In counties the Department of Natural Resources lists
Coverage is available only in counties the Department of Natural Resources identifies as within the Illinois Coal Basin or underlain by Pennsylvanian coal-bearing rock.
4. What deductible applies to Indiana mine subsidence coverage on a structure?
2% of insured value, at least $250 but not over $500
The coverage pays the loss in actual cash value less a deductible of 2% of the structure's insured value, not less than $250 and not more than $500.
Practice: Other Property Insurance
Answer choices are shuffled every time, and every question comes with an explanation.
Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Insurance Department and the exam administrator before relying on it.
