Alberta General Insurance Level 1 Practice Exam

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Ace your Alberta General Insurance Level 1 Exam with our comprehensive practice quiz. Tailored to mimic the real test, our quiz offers detailed explanations, expert tips, and all you need to succeed. Start your path to becoming a licensed professional today!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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What is covered by property insurance?

Only the exterior damage to property
The increase in property value
The loss or damage of a property due to specific perils
Cybersecurity threats

The correct answer is: The loss or damage of a property due to specific perils

Property insurance covers the loss or damage of a property due to specific perils, such as fires, theft, or natural disasters. Option A is incorrect because property insurance can also cover interior damage, such as damage to furniture or appliances. Option B is incorrect because property insurance does not cover the increase in property value. Option D is incorrect because cybersecurity threats are typically covered by separate cyber insurance policies, not property insurance. Therefore, option C is the most accurate and comprehensive answer.