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New York State Property and Casualty Insurance Exam, Questions and answers. Rated A Last document update:   ago

New York State Property and Casualty Insurance Exam, Questions and answers. Rated A Physical damage coverage under a garage policy is a blanket limit for covered auto, an accurate statement? - Yes; The dealer's physical damage limit would be done on a blanket limit basis. This would apply to comprehensive and collision losses to the auto inventory of the dealer. This is done because it is simply not practical to schedule each dealer owned vehicle for physical damage. This is generally acco...