1. Lucy owns a house on which she carries a $100,000 HO-3 policy. The replacement cost of the house is $200,000. A fire loss occurs that has a replacement cost of $7,628. Her deductible on the policy is $1,000. How much can Lucy collect under her HO-3 policy?

2.

Which of the following factors would generally not be considered in a class rating scheme?

		Community firefighting capability
		Use of the structure
		External surrounding exposures
		Size of dwelling
		The existence of sidewalks around the building

3.

Which of the following coverages is provided by the PAP?

		Liability insurance
		Rental car reimbursement coverage for any car rental, regardless of why the car is needed
		Medical expense for disease
		Radiation exposure
		Personal property coverage