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Caib 2 - Chapter 4 Questions And Answers With Verified Solutions Already Passed!!!
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Caib 2 - Chapter 4 Questions And Answers With Verified Solutions Already Passed!!!
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Caib 2 - Chapter 4 Questions AndAnswers With Verified Solutions Already
Passed!!!
Breifly explain the fuctions or endorsements, riders, and separate policies -
ANSWER✔✔1. Endorsements; changes the terms or conditions of the insureds
policy
2. Riders; adds additional coverage to those already in place
3. Separate policies; equipment breakdown insurance, computer crime, other
specialized coverages often purchased separately but can be added to existing
policy
Identify the endorsement, rider or policy to respond to the following exclusions,
restrictions, or limitations found in the fire and Ec or broad wording previously
studied - ANSWER✔✔1. Exterior signs; sign form
2. Exterior glass; glass rider
3. Vacant property; vacant property
4. Records; valuable papers and records insurance
Accounts receivable form
Electronic data processing policy
5. Furs; furrier's block
6. Jewellery, watches, pearls, precious and semi-precious stones; jewellers block
7. Property on loan/rental/ conditional sale/payment plan; sales ns samples
floaters/sales representative
Identify the endorsement, rider or policy to respond to the following exclusions,
restrictions, or limitations found in the fire and Ec or broad wording previously
studied - ANSWER✔✔1. Boiler and certain pressure vessels; equipment
breakdown
, 2. Centrifugal force, mechanical or electrical breakdown; equipment
3. Earthquake; earthquake endorsement
4. Flood; flood endorsement
5. Sewer backup/water escape; water escape endorsement
6. Changes of temperature; consequential loss assumption clause
7. Disturbance or erasure of electronic recordings; electronic data processing
policy
8. Due to enforcement of any by-law regulation, ordinance or law; by laws
endorsement
Identify three other names for the sign floater - ANSWER✔✔1. Sign floater
2. Neon sign floater
3. Exterior sign floater
In additional to damage to the sign, identify two other types of damage covered -
ANSWER✔✔1. Lettering
2. Other artwork
Identify five common exclusions to the sign form - ANSWER✔✔1. Wear and tear
or mechanical breakdown
2. Electrical currents other thank lightening, except resultant loss from fire or
explosion
3. While property being worked on (installation, repair or maintenance0
4. Dampness of atmosphere or extremes of temperature
5. Strikers, locked out workmen, or personal taking part in labour disturbances or
riots or civic commotions
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