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CIEST Quiz #2-Property Insurance 1) The condition of vacancy: a) is uninsurable b) is fully excluded from the policy, unless endorsed back onto the


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CIEST Quiz #2-Property Insurance 1) The condition of vacancy: a) is uninsurable b) is fully excluded from the policy, unless endorsed back onto the policy with a vacancy permit c) Requires that the home be fully unfurnished to be considered vacant d) is present after it is completed and the occupants have not yet moved in 2) Your insured plants 2 new trees on the front lawn of his condo. One night, they are knocked down by heavy winds. He calls you to file a claim you tell him: a) There's no point in putting in a claim that small b) Outdoor trees and shrubs are covered for $500 c) His trees are not covered d) Outdoor trees and shrubs are covered for 5% of your coverage A1 up to $500 for any one tree 3) A burglar breaks into your house while you are away at your cottage one weekend. Assuming. that some property belonging to each of the following is stolen, whose property would not be covered by the Comprehensive Homeowner's policy? a) Yours, the deed holder of the property. b) Your spouse, who lives with you c) Your daughter's property that she didn't take when she moved out to go to school d) Your father-in-law's who is currently visiting you from his home in Halifax. 4) Jessika Smith calls to ask you a question: What perils does my policy cover? You advise her: a) There are 11 specified perils included in her policy b) You don't know-she should call the claims department. c) Her policy covers all risks and perils subject to the policy exclusions listed d) Fire & Extended perils 5) An insured will have their claim settled as the least of the following, except: a) Actual Cash Value. b) Replacement Cost c) The percentage of the property which represents the insured's interest in it d) The value of the property on the date of purchase

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