The Personal Property Floater (PPF)

question 3

Multiple Choice

The personal property floater (PPF) :

• A) provides either blanket or scheduled coverage of items that are not covered adequately in a standard homeowner's policy.
• B) is available to meet the needs of "innocent" victims of accidents who are negligently injured by uninsured, underinsured, or hit-and-run motorists.
• C) is a specialized inland marine policy covering boats and trailers used with boats.
• D) covers against liability caused by the ownership or use of items of personal property.
• E) is an additional amount of insurance equal to a specified percentage of the replacement value of the property.

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Definitions:

Shunt Field

A winding in electrical machinery, placed in parallel with the armature, used to create a constant magnetic field.

Armature

A component of electric machines, typically rotating, that acts in conjunction with a magnetic field to produce electrical energy (in a generator) or mechanical energy (in a motor).

Servomotor

A motor used for precise position control.

Fiberglass

A reinforced plastic material composed of glass fibers embedded in a resin matrix, known for its strength and durability.