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  4. Other Types of Property and Casualty

Free Other Types of Property and Casualty Practice Questions

Virginia Property & Casualty exam — 36 practice questions.

Subtopics: Surety bonds, Inland marine, Umbrella policy, Crime insurance, Flood program, Business income, Umbrella and excess, Flood insurance, Specialty liability, Ocean marine, Alternative markets, Difference in conditions, Aviation, Professional liability, Directors and officers, Employment practices liability, Cyber liability, Boiler and machinery, Fidelity bonds, Inland marine floater, Crop insurance, Title insurance, Yacht coverage, Surplus lines, Errors and omissions, Farmowners, Terrorism coverage, Mobile home

Read the Other Types of Property and Casualty study guide

Sample questions & answers

1. A surety bond involves how many parties?

Three (principal, obligee, and surety)

A surety bond is a three-party agreement among the principal, the obligee, and the surety.

2. Inland marine insurance is typically used to cover:

Movable property and property in transit

Inland marine covers movable/portable property, property in transit, and certain instrumentalities of transportation.

3. The main benefit of a personal umbrella policy is to provide:

Excess liability over underlying auto and homeowners limits

An umbrella policy provides excess liability limits above the underlying auto and homeowners policies.

4. Commercial crime insurance commonly covers losses from:

Employee dishonesty, theft, and forgery

Crime coverage addresses losses such as employee dishonesty, theft, robbery, and forgery.

All Property & Casualty topics

Practice: Other Types of Property and Casualty

Take a randomized, timed-style practice test. Answer choices are shuffled and your results are scored instantly with an explanation for every question.

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.