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Chapter 11. CPP- Commercial Property Coverage Parts (1).
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Chapter 11. CPP- Commercial Property Coverage Parts (1).
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Chapter 11. CPP- Commercial Property CoverageParts
Builders Risk Coverage - ANS-A coverage form added to the Commercial Property Policy that
provides protection against the direct loss to buildings under construction is known as:
Foundations - ANS-What is NOT covered by the Building and Business Personal Property
coverage form?
Transit coverage form - ANS-What kind of commercial inland marine coverage form can
consumers purchase to cover a single shipment while it is being transported by a common
carrier?
Installation Floater - ANS-Redwood Lawn and Landscape contracts to install a row of trees at
the insured's premises. By contract, the trees become the customer's property once they are
planted. Which of the following commercial inland marine forms would cover Redwood if the
trees are left on the customer's property but not yet planted?
Water damage - ANS-Which of the following perils is specifically designated as a Broad form
peril under a Building and Business Personal Property policy?
covers contractor's equipment, including motorized mobile equipment. - ANS-The commercial
inland marine Contractors Equipment coverage form:
A cleaning service who cleans and delivers all of the restaurants linens - ANS-Which type of
business could qualify as a dependent property of a restaurant, if the restaurant carries
Business Income from Dependent Properties additional coverage on their Commercial Business
Income coverage form?
Equipment dealers - ANS-M has opened up his business, Tractors and Semis Sales, LLC. His
stock will be covered while it is being transported if he purchases which commercial inland
marine coverage form?
Fixtures - ANS-The Building and Business Personal Property coverage form covers which of the
following?
$10,000 - ANS-The maximum amount paid by a Building and Business Personal Property
Coverage Form for pollution cleanup or removal is:
Installation coverage form - ANS-Which Inland Marine coverage form would cover equipment
that is damaged during testing after it has been installed by the insured?
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