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Commercial Package Policy questions and correct answers (elaborations) with 100% accurate , verified , latest fully updated , 2024/2025 ,already passed , graded a+, complete solutions guarantee distinctions rationales| 5-star rating
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Commercial Package Policy questions and correct answers (elaborations) with 100% accurate , verified , latest fully updated , 2024/2025 ,already passed , graded a+, complete solutions guarantee distinctions rationales| 5-star rating

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  • August 5, 2024
  • 1
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • Commercial Construction
  • Commercial Construction

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Commercial Package Policy
3 years, Coverage J agrees to pay reasonable medical expenses, regardless of fault, caused by
a accident if the expenses are incurred and reported to the insurer within three years of the
accident date. - ANS-Coverage J under farm coverage agrees to pay reasonable medical
expenses, regardless of fault, caused by an accident if the expenses are incurred and reported
to the insurer within how many years of the accident date?

Completed operations, the plasterer's completed operations pays because his negligence led to
the loss. It does not pay to redo the job. - ANS-A plastered has finished a job. What kind of
liability coverage would protect him if the plaster falls and hurts someone because he did not do
the job correctly?

Mobile equipment during transportation to and from the job site. The contractors equipment
floaters is an unfiled inland marine coverage form used to insure mobile equipment and
contractor's equipment owned, rented or borrowed by contractors (as opposed to dealers). -
ANS-Which of the following will be covered by the contractors equipment floater in an unfiled
inland marine insurance?

The policyholder can sue the insurer whether or not all conditions and provisions of the policy
have been met. The legal action against the insurer condition states that the policy holder
cannot sure the insurer he or she has met all conditions of the policy. - ANS-All of the following
statements concerning liability coverage are true EXCEPT

There is no coverage. If no premium amount is shown, there is no coverage for that coverage
part. - ANS-A specific coverage part is listed on the commercial package policy declarations
page, but there is not premium shown. What does that mean?

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