Free Other Property Insurance Practice Questions
Nevada Property exam — 64 practice questions.
Subtopics: Inland marine definition, Instrumentalities of transportation, Goods in transit, Manufactured home replacement, Manufactured home age, Creditor-placed coverage, 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
Read the Other Property Insurance study guide
Sample questions & answers
1. Under Nevada law, insurance on jewelry, precious stones and precious metals, whether or not in transit, falls within:
Marine and transportation
Marine and transportation insurance includes insurance on precious stones, jewels, jewelry, gold, silver and other precious metals, whether used in business or otherwise and whether or not in transit.
2. Nevada's definition of marine and transportation insurance includes coverage on:
Bridges and tunnels as instrumentalities of transportation
Marine and transportation insurance includes bridges, tunnels and other instrumentalities of transportation and communication, excluding buildings and their furniture and fixed contents.
3. Coverage for merchandise while being shipped by truck across Nevada is classified under Nevada law as:
Marine and transportation
Marine and transportation insurance covers goods and merchandise in connection with risks of transit or transportation on land, water or in the air, including storage incidental to shipment.
4. A Nevada insurer writing a personal lines property policy on a manufactured or mobile home built within the preceding 15 years must offer the option to buy coverage that pays, after a total loss:
Replacement value, including transport, installation and debris removal
Insurers must offer, on an approved form, optional coverage paying replacement value of the home after a total loss, including reasonable costs to transport and install the replacement and remove debris.
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.
