P&C Practice Test 7

10 free P&C practice questions in the real exam format, covering the official content areas, with an explanation for every answer.

P&C Practice Test 7Tutor mode

Question 1 of 10

Property: Types of Policies

A home has a replacement cost of $400,000 and is insured under an HO-3 with a Coverage A limit of $280,000. Wind damages the roof; replacement costs $20,000, and depreciation on the old roof is $8,000. Ignoring the deductible, how much will the insurer pay?