West Virginia Property and Casualty Licensing Practice Exam

The broad perils category includes which of the following?

1. Fire damage

2. Burglary damage

3. Fair rental value

4. Personal liability

The correct answer is: Burglary damage

The broad perils category specifically refers to a range of risks that are covered under certain property insurance policies. Among these, burglary damage is a recognized peril that can result in financial loss due to theft or forced entry into a property. This aligns with the scope of broad perils, which are usually noted for providing coverage for multiple types of risks that can affect property. Fire damage and personal liability, while significant aspects of property and casualty insurance, fall under different categories. Fire damage is typically included in basic or special coverage types, rather than being categorized strictly as a broad peril. Personal liability pertains to the legal responsibility one has for injuries or damages caused to others and is often covered under liability insurance rather than property insurance policies that focus on risks to the physical property itself. Fair rental value relates to the loss of income from rental properties due to incidents that may make the property uninhabitable, which is also not specifically categorized under broad perils. Therefore, burglary damage aligns with what is encompassed in the broad perils category, as it directly relates to the risk of loss or damage to property due to theft.