If you can answer these 10 questions correctly for your PNC exam then you are probably ready to take your test.

If you can answer these 10 questions correctly for your PNC exam then you are probably ready to take your test. An insurance policy is considered a contract of adhesion because: A. Both parties help write the contract equally B. The insured must accept the contract as written by the insurer C. The policy automatically renews every year D. Coverage applies to all losses automatically B. The insured must accept the contract as written by the insurer In auto insurance limits written as 25/50/25, what does the LAST number represent? A. Total bodily injury per accident B. Property damage liability per accident C. Medical payments coverage D. Collision deductible B. Property damage liability per accident An HO-3 policy provides: A. Open peril coverage on dwelling only B. Open peril coverage on dwelling and personal property C. Named peril coverage only D. Liability coverage only A. Open peril coverage on dwelling only Which coverage helps pay for injuries you cause to OTHER people in an auto accident? A. Collision B. Comprehensive C. Bodily Injury Liability D. Uninsured Motorist C. Bodily Injury Liability If a homeowner has a $1,000 deductible and suffers a covered loss of $8,000, how much would the insurance company typically pay? A. $1,000 B. $7,000 C. $8,000 D. $9,000 C. $7,000 Which business would MOST likely qualify for a Businessowners Policy (BOP)? A. Small retail clothing store B. Oil refinery C. Large trucking company D. Aircraft manufacturer A. Small retail clothing store Fire is considered a: A. Hazard B. Liability C. Peril D. Warranty C. Peril Actual Cash Value (ACV) is generally calculated as: A. Replacement Cost + Depreciation B. Market Value only C. Replacement Cost - Depreciation D. Original Purchase Price C. Replacement Cost - Depreciation Workers Compensation insurance is designed to cover: A. Damage to company vehicles B. Employee work-related injuries C. Customer injuries on property D. Business income losses B. Employee work-related injuries An HO-6 policy is MOST commonly designed for: A. Single-family homes B. Apartment buildings C. Condominium unit owners D. Mobile homes C. Condominium unit owners Tell me in the comments how many questions you got right for most states you only need a 70% to pass so if you got at least seven out of these 10 questions right you're closer than you think and if you do need some additional studying resources make sure to check out my PNC study guide and my life insurance study guide the link is in my bio.