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C12 -Exams pack | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+
C12 -Exams pack | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+
[Show more]C12 -Exams pack | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+
[Show more]Q: What is the definition of property insurance 
: : Property insurance is first-party insurance that indemnifies the owner or user of 
property for its loss, or the loss of its income-producing ability, when the loss or damage 
is caused by a covered cause of loss, such as fire or explosion. 
Q: ...
Preview 3 out of 21 pages
Add to cartQ: What is the definition of property insurance 
: : Property insurance is first-party insurance that indemnifies the owner or user of 
property for its loss, or the loss of its income-producing ability, when the loss or damage 
is caused by a covered cause of loss, such as fire or explosion. 
Q: ...
What Homeowners form covers all risks on all items? 
: Homeowners Broad form 
There are 15 definitions in the Homeowners Broad form that are the same as in the 
Homeowners Basic form. List these 15 terms. 
: 1. Business 
2. Coverage Summary page 
3. Data 
4. Domestic Water Container 
5. Dwelling 
6...
Preview 3 out of 17 pages
Add to cartWhat Homeowners form covers all risks on all items? 
: Homeowners Broad form 
There are 15 definitions in the Homeowners Broad form that are the same as in the 
Homeowners Basic form. List these 15 terms. 
: 1. Business 
2. Coverage Summary page 
3. Data 
4. Domestic Water Container 
5. Dwelling 
6...
What book of the Civil Code of Quebec is concerned with obligations? 
: book 5 
Describe the conditions in which a contract is deemed to have been made "in province." 
: 1. subject of contract is property in the province 
2. resident of province has insurable interest 
What nine pieces of informat...
Preview 2 out of 6 pages
Add to cartWhat book of the Civil Code of Quebec is concerned with obligations? 
: book 5 
Describe the conditions in which a contract is deemed to have been made "in province." 
: 1. subject of contract is property in the province 
2. resident of province has insurable interest 
What nine pieces of informat...
A Typical Thunderstorm cloud can hold the potential of 
: 1 Million Volts 
Falling object refers to an object 
: Striking the exterior roof or walls of a building 
Tornadoes are covered under the named-perils or all-risk policy as they fall within what 
peril? 
: Windstorm or Hail Peril 
The correc...
Preview 4 out of 46 pages
Add to cartA Typical Thunderstorm cloud can hold the potential of 
: 1 Million Volts 
Falling object refers to an object 
: Striking the exterior roof or walls of a building 
Tornadoes are covered under the named-perils or all-risk policy as they fall within what 
peril? 
: Windstorm or Hail Peril 
The correc...
Defining Property Insurance 
: -Protection against loss/damage to property 
-First party insurance 
-Premium exchanged for protection 
-Fortuitous losses (sudden and accidental) 
-Insurable interest 
-Intangible product 
Real vs Personal Property 
: R: buildings or land (can't be moved) 
P: office ...
Preview 4 out of 43 pages
Add to cartDefining Property Insurance 
: -Protection against loss/damage to property 
-First party insurance 
-Premium exchanged for protection 
-Fortuitous losses (sudden and accidental) 
-Insurable interest 
-Intangible product 
Real vs Personal Property 
: R: buildings or land (can't be moved) 
P: office ...
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