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CIP C12 Insurance on Property

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C12 - Insurance on Property – Midterm Exam Questions With 100% Verified Answers Defining Property Insurance - answer-Protection against loss/damage to property -First party insurance -Premium exchanged for protection -Fortuitous losses (sudden and accidental) -Insurable interest -Intangible product Real vs Personal Property - answerR: buildings or land (can't be moved) P: office desk or machinery (can be transported) Promise that Property Insurance is based on - answer-Insured prom...

C12 - Insurance on Property – Midterm Exam Questions and Answers 100% Pass Defining Property Insurance - Correct Answer ️️ --Protection against loss/damage to property -First party insurance -Premium exchanged for protection -Fortuitous losses (sudden and accidental) -Insurable interest -Intangible product Real vs Personal Property - Correct Answer ️️ -R: buildings or land (can't be moved) P: office desk or machinery (can be transported) Promise that Property Insurance is b...

C12 - Insurance on Property – Midterm Exam Questions With 100% Verified Answers Defining Property Insurance - answer-Protection against loss/damage to property -First party insurance -Premium exchanged for protection -Fortuitous losses (sudden and accidental) -Insurable interest -Intangible product Real vs Personal Property - answerR: buildings or land (can't be moved) P: office desk or machinery (can be transported) Promise that Property Insurance is based on - answer-Insured prom...

What Homeowners form covers all risks on all items? : Homeowners Broad form There are 15 definitions in the Homeowners Broad form that are the same as in the Homeowners Basic form. List these 15 terms. : 1. Business 2. Coverage Summary page 3. Data 4. Domestic Water Container 5. Dwelling 6. Ground Water 7. Insured 8. Premises 9. Residence Employee 10. Spouse 11. Surface Water 12. Terrorism 2 | P a g e 13. Watermain 14. We, us, or our 15. You or Your. How is the definition o...

CIP C12 Insurance on Property

CIP C12 Property - Chapter 1 Latest Update Graded A+ Contracts made in province Signed, countersigned, issued or delivered in the province / committed to the post office / to any carrier, messenger or agent / to be delivered or handed over to the insured or insured's assign or agent in the province. Fire Insurance Insurance against loss of or damage to property through fire, lightening or explosion of coal or gas. Terms of insurance contracts are governed by the Civil Code of Que...

CIP C12 - Insurance on Property - Midterm Defining Property Insurance - CORRECT ANSWER--Protection against loss/damage to property -First party insurance -Premium exchanged for protection -Fortuitous losses (sudden and accidental) -Insurable interest -Intangible product Real vs Personal Property - CORRECT ANSWER-R: buildings or land (can't be moved) P: office desk or machinery (can be transported) Promise that Property Insurance is based on - CORRECT ANSWER--Insured