Ains 103 exam Study guides, Class notes & Summaries

Danforth Grocery Store specializes in fresh produce and is open 24 hours year-round. The store has contracts with suppliers to deliver produce and foods by 5am daily, so the parking area at the rear of the store is congested from 4:30am to 5:30am. Customer traffic is heaviest from 7am to 9am, and again from 3pm to 6pm. The store has had six slip and fall claims from customers in the past year. Danforth Grocery Store is most exposed to which one of the following types of liability loss? A. Compl...

AINS 103 Exploring Commercial Insurance Latest Update Actual Exam Questions and 100% Verified Correct Answers Verified by Professor

AINS 103 EXAM/297 QUESTIONS WITH ANSWERS

AINS 103 Exam Review Questions and answers latest update

In property insurance, the term "property in transit" refers to which one of the following? - AnswerC. Property while being transported by trucks, cars, buses, trains, airplanes, and ships Extra expenses are expenses, in addition to ordinary expenses, that an organization incurs to mitigate the effects of a business interruption. Which one of the following is an example of an extra expense? - Answer-B. Cost to rent temporary office space Radley Contracting Company is installing new signage...

AINS 103 Exam Review Questions And Answers

AINS 103 Exam Review With Correct Answers.

AINS 103 Exam Review Questions And Answers In property insurance, the term "property in transit" refers to which one of the following? - Answer-C. Property while being transported by trucks, cars, buses, trains, airplanes, and ships Extra expenses are expenses, in addition to ordinary expenses, that an organization incurs to mitigate the effects of a business interruption. Which one of the following is an example of an extra expense? - Answer-B. Cost to rent temporary office space Rad...

Loss exposure - ACCURATE ANSWERS Any condition or situation that presents a possibility of loss, whether or not an actual loss occurs. Property loss exposure - ACCURATE ANSWERS A condition that presents the possibility that a person or an organization will sustain a loss resulting from damage (including destruction, taking, or loss of use) to property in which that person or organization has a financial interest. Real property (realty) - ACCURATE ANSWERS Tangible property consisting of lan...