Caib 2 - Study guides, Class notes & Summaries

CAIB 2 Mock Midterm Exam – Questions & Answers

CAIB 2 - Checkpoints exam 2024 with 100% correct answers What are two factors to consider when deciding which form of business interruption insurance to purchase? - correct answer i) Nature of business ii) Types of perils most likely to cause losses When using old financial statements to establish amount of insurance, what problems could be encountered? - correct answer Clients may be underinsured because future trends were not considered What type of employee salaries may not be considered a

CAIB 2 Exam – Questions & Verified Answers

CAIB 2 - exam 2023/2024 with 100% correct answers Scheduled Coverage - CORRECT ANSWER refers to policy on which coverage is provided only on that property which is specifically identified or scheduled. All Property - CORRECT ANSWER refers to policy used to insure building, stock and equipment under a single limit of insurance. Tenants Improvements - CORRECT ANSWER building improvements, alterations and betterments made at the expense of or purchased by the insured to a building oc...

CAIB 2 Practice Exam Questions And Answers Already Passed 100% 1 / 33 Waivers of Co-insurance clause are common on commercial property policies. What types of losses are applicable to this waiver of co-insurance? Identify 3 reasons why exclusions exist on commercial property policy. Commercial property policies may provide coverage from theft while property is an automobiles. What warranty will be included in...