Question 1
Which of the following is typically required for a claim to be considered 'storm' damage under a standard UK property policy?
Correct Answer:
Violent winds usually accompanied by rain, hail, or snow
Question 2
A property is insured for £200k but its true value at risk is £300k. It suffers a £60k fire loss. Under average, how much will the insurer pay?
Correct Answer:
£40k
Question 3
What is the primary difference between 'subsidence' and 'settlement'?
Correct Answer:
Subsidence is downward movement of the site, settlement is downward movement due to building weight.
Question 4
In Business Interruption, what is the 'indemnity period'?
Correct Answer:
Max period for loss of gross profit post-damage
Question 5
Which valuation basis provides 'new for old' cover without wear and tear deduction?
Correct Answer:
Reinstatement
Question 1
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About this Exam

Prepare with the CILA CH3 Practice Questions - CILA Certificate CH3 Handling Claims for Specific Losses (Option 1 - General) Exam practice quiz. This question bank includes 100 questions covering damage, property, typically, claim, and policy. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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CILA CH3 Practice Questions - CILA Certificate CH3 Handling Claims for Specific Losses (Option 1 - General) Exam

This practice set contains 100 questions from the matching question bank and focuses on damage, property, typically, claim, and policy. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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