Standard Fire Policy
Which act by the insured will VOID coverage under the Standard Fire Policy's concealment or fraud provision?
Answer
Willfully concealing a material fact about the insurance
Concealment or fraud: 'This entire policy shall be void if, whether before or after a loss, the insured has willfully concealed or misrepresented any material fact or circumstance concerning this insurance.'
Source: Standard Fire Policy (N.C. Gen. Stat. §58-44-16; accord N.Y. Ins. Law §3404(e))
Not the answer
- Increasing the property's overall value through making improvements
- Filing the claim with the insurer one day late
- Failing to install smoke detectors in the home
Practice this
The Texas All-Lines Adjuster exam is 150 questions with a scaled passing score of 70, which is neither the number nor the percentage correct. This test uses 70% as a yardstick. The app’s page carries a free ten-question test drawn from the same bank, marked as you go.
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