Exam (elaborations)
SC PROPERTY, CASUALTY, SURETY, MARINE PRODUCER - BIS CHAP 4 - DWELLING POLICY
- Course
- Institution
SC PROPERTY, CASUALTY, SURETY, MARINE PRODUCER - BIS CHAP 4 - DWELLING POLICY
[Show more]
Content preview
SC PROPERTY, CASUALTY, SURETY, MARINEPRODUCER - BIS CHAP 4 - DWELLING POLICY
What happens when an insured chooses Broad coverage instead of Basic coverage? -
Answers- The insured gets better, broader coverage
What endorsement adds the Named Perils listen in the acronym WC SHAVVER? -
Answers- Extended Coverage Perils Endorsement
What does WC SHAVVER stand for? - Answers- Wind
Civil commotion
Smoke
Hail
Aircraft
Vehicles
Volcanoes
Explosion
Riot
What does the Vandalism or Malicious Mischief (VMM) Coverage cover? - Answers-
Losses caused intentionally by someone other than the insured
What does the acronym FEB BOIL stand for? - Answers- Freezing
Electricity
Burglary
Breakage
Objects falling
Ice
Leakage
What two policy types add FED BOIL to the policy? - Answers- Broad and Special
What 3 Perils are included in a Basic policy at no additional cost? - Answers- Fire,
lighting, internal explosion
When can an insured add VMM coverage to their policy? - Answers- After purchasing
the Extended Perils Endorsement
What are the 5 property Coverages the insurer can select from? - Answers- A-Dwelling
B-Other Structures
C-Personal Property
D-Fair Rental Value
E-Additional Living Expenses
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 GEEKA. 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.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79223 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now
