Basic perils - Study guides, Class notes & Summaries

Which type of cargo policy would cover a person who owns their own truck and hauls their own goods? a. truckers coverage form b. commercial articles floater c. motor truck cargo owners coverage form d. business auto policy - c. motor truck cargo owners coverage form An accounting firm discovers that someone has hacked into its records to steal the account numbers and routing numbers of its employees, and used these numbers to fraudulently draw funds from those accounts. Under which Commerci...

AINS 103 Study Guide (Latest 2023/ 2024 Update) Exploring Commercial Insurance | Complete with Questions and Verified Answers| 100% Correct| Grade A Q: Marine insurance includes both ocean and inland marine coverage in the U.S. only Answer: TRUE Q: Disease thought to be caused by work or the work environment. Answer: Occupational disease Q: A description of the property insured would be located on the ________ _____ of a CPP Answer: Declarations page Q: ...

NJ Property, Casualty, and Auto Licensing Exam Latest Version Graded A+ Insuring Agreement company's obligation to pay, includes the perils and coverage for specific or named peril policies Exclusions what the policy will not pay for Definitions names of the persons insured in addition to the named insured are listed here, along with any other (blank) of terms in the policy Additional Coverage coverages under a policy that are provided by the insurer at no extra cost Casua...

New York All Lines Adjuster Exam with 100% Correct Answers (Graded) DP - valuation - ANSWER-DP-1 - ACV building & contents DP-2/3 - RCV building & ACV contents DP - limit for fair rental value - ANSWER-20% of A DP - coverages (A-E) - ANSWER-A - dwelling B - other structures C - personal property D - fair rental value E - additional living expense DP - limit for additional living expenses - ANSWER-DP-1 - NONE DP-2/3 - 20% of A DP - Property removed is covered for ___ days. - ANSWER-DP-...

HO-1 - Answer Basic named perils policy. Only covers 10 listen perils. RCV. HO-2 - Answer Broad named perils policy. Covers dwelling & personal property. 16 named perils. HO-3 - Answer Homeowners special form. Basic open perils policy. Dwelling - open peril, covers everything except exclusions. Contests - named peril. HO-4 - Answer Renters policy. No coverage for dwelling, other structures or loss of use. Personal property (amount that you specify.) Liability (amount th...

PNC Test Complete Study Questions And Answers With Verified Solutions Which of the following policies will help an auto dealership cover most of its liability exposures? a)A garage liability coverage b)A motor carrier coverage form c)A commercial general liability policy with a crime endorsement d)A businessowners policy A Insurance is the transfer of a)Peril. b)Risk. c)Loss. d)Hazard. B The policy conditions define a)How parties to the contract must act following a loss. b)The basi...

If a producer allows his license to lapse, within what time period may the producer reinstate the same license? correct answers b) 2 years Producers who allow their license to lapse may reinstate them same license within 2 years, upon proof of fulfilling all continuing education requirements through the date of reinstatement, & by paying all overdue fees. Which of the following would be eligible for Homeowners Coverage F - Medical Payments in the event of injury at the insured's premises?...

Which one of the following describes a windstorm under an insurance policy? -️️A wind of any velocity having sufficient force to cause damage Which one of the following statements is true regarding the peril of collapse? - ️️Insurers agree to pay for collapse of the insured building caused by perils listed in the form. Paco Campos accidentally tosses a cigarette in a trash can in his old detached garage. The garage catches on fire, but Paco, knowing his insurance policy will provide...

New York All Lines Adjuster Exam with Correct Answers 2024/2025 (Graded) DP-2/3 - RCV building & ACV contents DP - limit for fair rental value - ANSWER-20% of A DP - coverages (A-E) - ANSWER-A - dwelling B - other structures C - personal property D - fair rental value E - additional living expense DP - limit for additional living expenses - ANSWER-DP-1 - NONE DP-2/3 - 20% of A DP - Property removed is covered for ___ days. - ANSWER-DP-1 - 5 days DP-2 - 30 days DP - limit for trees/pl...

SC Personal Lines Questions and Answers Graded A+ 6 loss valuation methods actual cash value, replacement value, functional replacement value, market value, stated amount, agreed value waiver & estoppel a person has given up a known or legal right 4 components of a legal contract agreement, consideration, competent parties, legal purpose 6 classes of insurers authorized(admitted), unauthorized(nonadmitted), domestic, foreign, alien, independent rating services 5 marketing dis...