Cic prep study guide - Study guides, Class notes & Summaries

CIC PREP STUDY GUIDE

CIC COMMERCIAL PROPERTY EXAM PREP STUDY GUIDE LATEST UPDATED ANDVERIFIED Endorsements used to modify coverage extensions (6) - CORRECT ANSWER-1. newly acquired or constructed property - increased limit 2. higher limits 3. specified bpp temporarily away from premises 4. additional covered property 5. radio or television antennas 6. trees, shrubs, plants Explain replacement cost - CORRECT ANSWER-- without deduction for depreciation - claims are paid on acv until repairs or repla...

Endorsements used to modify coverage extensions (6) CORRECT ANSWER-1. newly acquired or constructed property - increased limit 2. higher limits 3. specified bpp temporarily away from premises 4. additional covered property 5. radio or television antennas 6. trees, shrubs, plants Explain replacement cost CORRECT ANSWER-- without deduction for depreciation - claims are paid on acv until repairs or replacements is complete and then difference is paid - does not apply to pp of others...

CIC COMMERCIAL PROPERTY EXAM PREP STUDY GUIDE LATEST UPDATED ANDVERIFIED Endorsements used to modify coverage extensions (6) - CORRECT ANSWER-1. newly acquired or constructed property - increased limit 2. higher limits 3. specified bpp temporarily away from premises 4. additional covered property 5. radio or television antennas 6. trees, shrubs, plants Explain replacement cost - CORRECT ANSWER-- without deduction for depreciation - claims are paid on acv until repairs or repla...

Endorsements used to modify coverage extensions (6) - CORRECT ANSWER-1. newly acquired or constructed property - increased limit 2. higher limits 3. specified bpp temporarily away from premises 4. additional covered property 5. radio or television antennas 6. trees, shrubs, plants Explain replacement cost - CORRECT ANSWER-- without deduction for depreciation - claims are paid on acv until repairs or replacements is complete and then difference is paid - does not apply to pp of ...

CIC Commercial Property Exam Prep Study Guide Endorsements used to modify coverage extensions (6) - Answer-1. newly acquired or constructed property - increased limit 2. higher limits 3. specified bpp temporarily away from premises 4. additional covered property 5. radio or television antennas 6. trees, shrubs, plants Explain replacement cost - Answer-- without deduction for depreciation - claims are paid on acv until repairs or replacements is complete and then difference is paid - d...