Comments on: Can anyone who’s taken a test to get a license to sell Insurance help me with this question? Please!? http://autocarloansnow.com/can-anyone-whos-taken-a-test-to-get-a-license-to-sell-insurance-help-me-with-this-question-please.html Thu, 02 Feb 2012 00:01:28 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: mbrcatz http://autocarloansnow.com/can-anyone-whos-taken-a-test-to-get-a-license-to-sell-insurance-help-me-with-this-question-please.html/comment-page-1#comment-1407 mbrcatz Mon, 14 Dec 2009 01:04:44 +0000 http://autocarloansnow.com/can-anyone-whos-taken-a-test-to-get-a-license-to-sell-insurance-help-me-with-this-question-please.html#comment-1407 C. Definately. See, your homeowners property territory coverage, is "anywhere in the world". BUT, that 10% limitation, only applies to other locations, owned or regularly occupied by you. That would be, your beach house, your stuff in your mom's house, the stuff your friend is storing for you at their house. The exact wording is, "our limit of liability for personal property usually located at an insured's residence other than the residence premises, is 10% of the limit of liabiltiy coverage for coverage C, or $1,000, whichever is greater." So if the off premises personal property coverage isn't qualified to say, "other residence", then THAT part of the study materials is wrong. If you have sample policy forms, refer to section 1 property coverages, coverage C, personal property, first paragraph. Hope that helps. C. Definately.

See, your homeowners property territory coverage, is "anywhere in the world". BUT, that 10% limitation, only applies to other locations, owned or regularly occupied by you. That would be, your beach house, your stuff in your mom’s house, the stuff your friend is storing for you at their house. The exact wording is, "our limit of liability for personal property usually located at an insured’s residence other than the residence premises, is 10% of the limit of liabiltiy coverage for coverage C, or $1,000, whichever is greater."

So if the off premises personal property coverage isn’t qualified to say, "other residence", then THAT part of the study materials is wrong.

If you have sample policy forms, refer to section 1 property coverages, coverage C, personal property, first paragraph.
Hope that helps.

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]]> By: Lilly http://autocarloansnow.com/can-anyone-whos-taken-a-test-to-get-a-license-to-sell-insurance-help-me-with-this-question-please.html/comment-page-1#comment-1408 Lilly Mon, 14 Dec 2009 01:04:44 +0000 http://autocarloansnow.com/can-anyone-whos-taken-a-test-to-get-a-license-to-sell-insurance-help-me-with-this-question-please.html#comment-1408 The practice exam is wrong. I would complain to the publisher, they need to correct the editing. These are outside vendors. The practice exam is wrong. I would complain to the publisher, they need to correct the editing. These are outside vendors.

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]]> By: jose l http://autocarloansnow.com/can-anyone-whos-taken-a-test-to-get-a-license-to-sell-insurance-help-me-with-this-question-please.html/comment-page-1#comment-1409 jose l Mon, 14 Dec 2009 01:04:44 +0000 http://autocarloansnow.com/can-anyone-whos-taken-a-test-to-get-a-license-to-sell-insurance-help-me-with-this-question-please.html#comment-1409 always remember coverage is limited to the U.S ,canada and its territories always always remember coverage is limited to the U.S ,canada and its territories always

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]]> By: Tom Z http://autocarloansnow.com/can-anyone-whos-taken-a-test-to-get-a-license-to-sell-insurance-help-me-with-this-question-please.html/comment-page-1#comment-1410 Tom Z Mon, 14 Dec 2009 01:04:44 +0000 http://autocarloansnow.com/can-anyone-whos-taken-a-test-to-get-a-license-to-sell-insurance-help-me-with-this-question-please.html#comment-1410 The correct answer is 100%. Your personal property is covered anywhere in the world up to 100% of your contents limit. The 10% limitation only applies to a secondary residence. So if you had a cottage or your child was away to college your contents coverage would extend to that secondary residence but it would be limited to 10% of your contents limit. I just reread your question and I can't say that I have ever seen the limitation of off-premises property coverage as noted. The traditional HO-3 does not have that limitation. I just checked my own policy and it does not have that clause. I can only suggest that the HO-3 used in your jurisdiction is not the standard form. The correct answer is 100%. Your personal property is covered anywhere in the world up to 100% of your contents limit.

The 10% limitation only applies to a secondary residence. So if you had a cottage or your child was away to college your contents coverage would extend to that secondary residence but it would be limited to 10% of your contents limit.

I just reread your question and I can’t say that I have ever seen the limitation of off-premises property coverage as noted. The traditional HO-3 does not have that limitation. I just checked my own policy and it does not have that clause. I can only suggest that the HO-3 used in your jurisdiction is not the standard form.

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]]> By: car253 http://autocarloansnow.com/can-anyone-whos-taken-a-test-to-get-a-license-to-sell-insurance-help-me-with-this-question-please.html/comment-page-1#comment-1411 car253 Mon, 14 Dec 2009 01:04:44 +0000 http://autocarloansnow.com/can-anyone-whos-taken-a-test-to-get-a-license-to-sell-insurance-help-me-with-this-question-please.html#comment-1411 The answer is "c". I would take a one day prep course with the school that you went to. right before you take the test. If you in Los Angeles I recommend Mike Russ. It really does help you pass your test. Good Luck. The answer is "c".

I would take a one day prep course with the school that you went to. right before you take the test. If you in Los Angeles I recommend Mike Russ. It really does help you pass your test.

Good Luck.

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