Florida Insurance Licensing Practice Exam

Question: 1 / 400

If an insured's TV is damaged due to a sudden stop while being transported for repairs, how does the Personal Auto Policy respond?

The PAP will pay ACV for the TV damage

The PAP will respond under physical damage section minus deductible

The PAP will pay Replacement Cost for the TV

The PAP will not respond

The Personal Auto Policy will not respond to this specific scenario because coverage for personal property in transit is typically excluded in the policy. Option A is incorrect because the Actual Cash Value (ACV) coverage applies to the insured vehicle, not personal property inside. Option B is incorrect because the physical damage section of the policy only applies to the insured vehicle, not personal property inside. Option C is incorrect because Replacement Cost coverage also only applies to the insured vehicle, not personal property.

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