Missouri Insurance Exam Chapter 7
The definition of vacancy is ️60 days
The Building and Personal Property policy may be used to cover each of the following EXCEPT
️property damage liability
After a Building and Personal Property policy proof of loss is filed, the claim must be paid wit...
Missouri Insurance Exam Chapter 7
The definition of vacancy is ✔️60 days
The Building and Personal Property policy may be used to cover each of the following EXCEPT
✔️property damage liability
After a Building and Personal Property policy proof of loss is filed, the claim must be paid within ✔️30
days
Building materials used for repairs are not covered for: ✔️theft
The Building and Personal Property policy (BPP) covers: ✔️outdoor furniture
Under the Building and Personal Property policy, the mortgagee is entitled to ✔️Payment as per the
mortgagee's interest at the time of loss
Joe has a building covered by a Building and Personal Property policy. What must he do to cover a new
lawnmower used to service the premises? ✔️Nothing
Which is a coverage extension? ✔️newly acquired property
The Building and Personal Property policy covers outdoor furniture located within a maximum of
✔️100 feet
The First Named Insured may cancel the Building and Personal Property policy: ✔️at any time in writing
Which of the following is an Additional Coverage under an unendorsed Commercial Property policy?
✔️Fire Department Service Charges
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