Structure of a dp form - Study guides, Class notes & Summaries

Which of the following dwelling forms provides coverage for loss of rental income? - The Basic, Broad and Special Form - The Basic and Broad Forms only - The Broad and Special Forms only - The Special Form only - Correct Answer The correct answer is: The Basic, Broad and Special Form. EXPLANATION: All of the forms provide for rental value coverage. In the DP-2 and DP-3, it is 20% of the Coverage A limit and is additional coverage. With the DP-1, the 20% coverage reduces the available Co...

Under the BOP, how much would be paid for any one tree, shrub, or plant in case of a covered cause of loss? - ANSWER-The policy provides a limit of no more than $1,000 on any one tree, shrub, or plant with a total limit of $2,500. The older forms provided $500. Name the coverage that applies to the extra cost the insured incurs to make temporary repairs and speed up the permanent repairs or replacement of damaged covered equipment under an Equipment Breakdown policy. - ANSWER-This is called...

Nj Property & Casualty Practice PSI Exam Questions With Verified Correct Answers 2023 Solution Employees are barred from suing employers in court to obtain compensation for injuries covered by workers' compensation because of which of the following doctrines? -Employer liability -Exclusive remedy -Workman liability -No fault insurance - ANS -Exclusive Remedy Which of the following would trigger coverage under business income form with extra expense coverage? -Carpet cleaning af...

Cheat Sheet - Property & Casualty Verified Solutions What are the forms of homeowner policies? ️HO-2, HO-3, HO-4, HO-5, HO-6, HO-8. Each of these forms provides identical liability coverage. The property coverage varies with the homeowners form selected. The following is a list of the forms with the covered perils of each. HO-2 ️Broad form; owner occupant HO-3 ️Special Form; owner occupant HO-4 ️Tenants or Renters HO-5 ️Comprehensive Form; owner-occupant (open to all exce...

3 coverage forms available under dwelling program correct answer: -basic -broad -special forms Is liability coverage included under dwelling program? correct answer: No, but can be added Does the dwelling policy can be used to insure: a) dwelling only b)contents only c)both dwelling and contents d)all of the above correct answer: Does the dwelling policy can be used to insure: d)all of the above Structure of a DP Form correct answer: 1) Agreement 2) Definitions 3) Deductibl...

AINS 102 Ch 4 Questions & Answers Marcus is buying insurance for his recent home purchase that will be covered by a DP-3 policy. In reading his policy, which one of the following will Marcus find is true? Select one: A. The DP-3 excludes coverage for theft of property that isn't part of the covered structure. B. The DP-3 provides named perils coverage for the dwelling and personal property. C. Marcus needs to add an endorsement to the DP-3 to cover personal property damage. D. Marcus wa...

PSI PROPERTY AND CASUALTY PRACTICE PSI EXAM QUESTIONS WITH COMPLETE SOLUTIONS VERIFIED 2024 Employees are barred from suing employers in court to obtain compensation for injuries covered by workers' compensation because of which of the following doctrines? -Employer liability -Exclusive remedy -Workman liability -No fault insurance Exclusive Remedy Which of the following would trigger coverage under business income form with extra expense coverage? -Carpet cleaning after a water m...

P&C License Exam - Practice Test Questions 100% Correct Answers Who would be able to collect survivor and death benefits from WC in the event the covered injury resulting in the death of an employee? - Correct Answer ️️ -Spouse of Employee Which type of crime best describes someone who waits until store personnel are preoccupied and pockets merchandise while no one is looking and leaves without detection - Correct Answer ️️ -Robbery Not a common exclusion in a liability policy - ...

ad hoc query A "spur-of-the-moment" question analytical database A database focused primarily on storing historical data and business metrics used for tactical or strategic decision making availability In the context of data security, it refers to the accessibility of data whenever required by authorized users and for authorized purposes centralized database A database located at a single site cloud database A database that is created and maintained using cloud services, such as Microso...

Marcus is buying insurance for his recent home purchase that will be covered by a DP-3 policy. In reading his policy, which one of the following will Marcus find is true? Select one: A. The DP-3 excludes coverage for theft of property that isn't part of the covered structure. B. The DP-3 provides named perils coverage for the dwelling and personal property. C. Marcus needs to add an endorsement to the DP-3 to cover personal property damage. D. Marcus wants to add a theft endorsement to h...