Personal property floater - Study guides, Class notes & Summaries

FMGT 1101 Midterm Test Questions and Answers Risk Shifting - Answer-Transferring risk by buying insurance to cover potential losses. Risk Avoidance - Answer-avoiding an act that would create a risk Property Insurance - Answer-Provides payment to the insured person if his or her property is damaged or destroyed by an accident covered by the insurance policy. personal liability insurance - Answer-protects the named insured and family members against legal liability arising out of their ...

Florida Personal Lines Exam Questions & Answers(rated A) Under Part A of a Personal Auto Policy, which of the following losses would be covered? A.) Damage to property being transported by the insured B.) Damage to a neighbor's parked car C.) Damage to a neighbor's lawn mower in the care of the insured D.) Damage to the home the insured owns - ANSWERB.) Damage to a neighbor's parked car Which of the following is true regarding the Fine Arts Floater? A.) Coverage is limited to t...

Florida Property & Casualty Insurance Exam Questions and Answers 100% Pass The FAJUA is composed of: - Correct Answer ️️ -All companies licensed to write auto insurance in Florida A coverage that is similar to premises and operations coverage in the Commercial General Liability Policy covering bodily injury and property damage liability for aviation risks is defined as: - Correct Answer ️️ -Airport and Air Meet Liability Homeowners HO-3 policy - severe theft loss. Coverage A limit...

Rhode Island Casualty Property Exam Questions and Answers 100% Pass Powers and Duties of the Commissioner Broad powers, examination of records, notice and hearing, penalties. Minimum Limits of financial responsibility 25/50/25 or $75,000 combined single limit Unfair Claim Practice Failing to respond within 30 days Free Choice of Repair Shop Insurer may not interfere OEM parts May not be used without written consent Risk uncertainty concerning the occurrence of a loss Fores...

The FAJUA is composed of: - Answer All companies licensed to write auto insurance in Florida A coverage that is similar to premises and operations coverage in the Commercial General Liability Policy covering bodily injury and property damage liability for aviation risks is defined as: - Answer Airport and Air Meet Liability Homeowners HO-3 policy - severe theft loss. Coverage A limit is $100,000. Insured losses include $25,000 furniture, clothing and other ordinary personal property ...

NASCLA Test 1 Questions and Answers Already Passed ____ and _____ are two essential parts to a business plan 1. Planning Tool 2. Loan Document 3. Investor Document 4. Benchmarking Tool Select two standard components of a business plan 1. Marking Strategy 2. Executive Strategy _____ is the biggest drawback of a sole proprietorship. Unlimited Personal Liability If you are a sole proprietor and complete work under a name that is not your own, you would be required to fil...

Bailee An individual or organization who has taken into its care, custody, and/or control the property of another for servicing, repair, or storage Hazard Something that increases the chance or likelihood of a loss occuring. (physical or moral or morale) Market Value A property policy provision that changes the valuation method otherwise applicable (ACV or RV) to a valuation method that allows reimbursement to the insured, according to the price a willing buyer would pay for ...

Under Part A of a Personal Auto Policy, which of the following losses would be covered? A.) Damage to property being transported by the insured B.) Damage to a neighbor's parked car C.) Damage to a neighbor's lawn mower in the care of the insured D.) Damage to the home the insured owns - ANSWERB.) Damage to a neighbor's parked car Which of the following is true regarding the Fine Arts Floater? A.) Coverage is limited to the United States, Canada, and Mexico B.) Coverage is primar...

Those who are eligible for coverage under the Florida Automobile Joint Underwriting Association are? Correct Answer: Military Personnel A non-resident owning an automobile in Florida A non-resident subject to Florida no-fault law A forcible entry into locked premises and the carrying away of the property of others is a definition of: Correct Answer: Burglary The inland marine coverage form that covers clothing, cameras and other portable property worn and carried by tourists and trave...

Florida Property & Casualty Insurance Exam Questions and Answers 100% Pass The FAJUA is composed of: - Correct Answer ️️ -All companies licensed to write auto insurance in Florida A coverage that is similar to premises and operations coverage in the Commercial General Liability Policy covering bodily injury and property damage liability for aviation risks is defined as: - Correct Answer ️️ -Airport and Air Meet Liability Homeowners HO-3 policy - severe theft loss. Coverage A limit...