LA ADJUSTER SERIES 204: PERSONAL INLAND MARINE, FLOOD INSURANCE, EQUIPMENT BREAKDOWN COVERAGE CORRECT 100%
1 view 0 purchase
Course
LOUISIANA CLAIM ADJUSTER
Institution
LOUISIANA CLAIM ADJUSTER
inland marine policies ("floaters") - ANSWER _ were developed from the ocean marine policies, which provided broad coverage for property transported over water. it gives "open peril" coverage for "portable" property with a worldwide territory, except for fine arts. fine arts are limited to the US, ...
LA ADJUSTER SERIES 204: PERSONAL
INLAND MARINE, FLOOD INSURANCE,
EQUIPMENT BREAKDOWN COVERAGE
CORRECT 100%
inland marine policies ("floaters") - ANSWER _ were developed from the ocean marine
policies, which provided broad coverage for property transported over water. it gives
"open peril" coverage for "portable" property with a worldwide territory, except for fine
arts. fine arts are limited to the US, its territories or possessions, Puerto Rico, and
Canada
-personal articles floater
-personal property floater
-personal effects floater - ANSWER there are three personal property floaters used as
stand-alone coverage policies:
personal articles floater - ANSWER virtually identical to the scheduled personal property
endorsement that can be added to a HO policy except it adds a few additional
categories of property. this is the most popular of the three personal property floaters.
covers property against direct damages
-actual cash value form
-agreed amount form - ANSWER there are two personal articles floater coverage forms:
personal property floater - ANSWER provides open peril coverage on an unscheduled
basis for basic categories of personal property with a separate limit of insurance for
each category. this form is commonly used when the insured, for whatever reason, does
not carry a HO policy. any particularly valuable property can be scheduled separately.
personal effects floater - ANSWER this form is designed to insure personal effects
(items usually worn or carried) while traveling or vacationing. coverage is provided on
an unscheduled basis for the types of property usually carried like clothing, cameras,
and camcorders, sports equipment, and souvenirs. property is covered only while the
insured is traveling. exclusions include valuable papers, passports, tickets, money,
contact lenses, and artificial limbs
personal property floater - ANSWER the _ is similar in coverage to the HO-5 form for
personal property. it includes many of the same exclusions not found in the other two
personal property floaters.
national flood insurance program (NFIP) - ANSWER the _ is a federal program which
enables property owners, both personal and commercial, to purchase flood insurance
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Lecchris. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
