Hull insurance - Study guides, Class notes & Summaries

2-20 General Lines Florida Insurance Exam Questions and Answers 100% Pass Abandonment Clause - Correct Answer ️️ -often contained in a p/c policy stating that the insured cannot abandon damaged property to the (dump on) insurer and demand reimbursement for the full value. Accounts Receivable Coverage Form - Correct Answer ️️ -Inland Marine Coverage form which insures against loss the insured suffers becasuse of an inability to collect from customers when AR records are damaged. A...

AINS 102: Understanding Personal Insurance Latest 2024 Rated A+ Arbitration An alternative dispute resolution (ADR) method by which disputing parties use a neutral outside party to examine the issues and develop a settlement, which can be final and binding. Attachment The act of seizing property to secure a judgment. Catastrophe A single event that causes widespread losses. Civil law A classification of law that applies to legal matters not governed by criminal law and that prote...

Aviation Law Exam 2 Review 2024 Questions and Answers hull coverage - Answer ️️ -covers damage to or destruction of the insured aircraft resulting from an accident -generally doesn't cover damage to the aircraft's engines in connection with an engine failure, unless the engine failure leads to other damage to the aircraft hull coverage may be purchased to cover: - Answer ️️ -all risks all risks while not in flight, or all risks while not in motion.2 Purpose-of-use categories - ...

CA Property & Casualty Exam Questions and Answers 100% Pass Contributory Plan - Correct Answer ️️ -Used in a group Insurance. Employee and employers share in the paying of premiums DP-1,DP-2, DP-3 All 3 dwelling forms cover? - Correct Answer ️️ -Loss of rental income Comparative Negligence - Correct Answer ️️ -You can file a claim, but damages are reduced based on that party's negligence. What has a single limit? - Correct Answer ️️ -Property Damage. Ordinance or law - ...

PVL2601 EXAM ANSWERS MAY/JUNE 2023 QUESTIONS ASKED: Time left 1:03:40 Question 49 Not yet answered Marked out of 2.00 Not flaggedFlag question Question text In which one of the following cases did the court prohibit a retirement annuity fund from making payments to a maintenance debtor unless the Maintenance Court or the maintenance debtor's former wife consented to such payment? a. Gerber v Gerber and Pocock b. Magewu v Zozo c. Mngadi v Beacon Sweets and Chocolates Provid...

Idaho Property and Casualty Exam Questions and Answers 2024 Verified Bailee - CORRECT ANSWER-An individual or organization who has taken into its care, custody, and/or control the property of another for servicing, repair, or storage Hazard - CORRECT ANSWER-Something that increases the chance or likelihood of a loss occuring. (physical or moral or morale) Market Value - CORRECT ANSWER-A property policy provision that changes the valuation method otherwise applicable (ACV or RV) to a ...

Florida General Lines Insurance (Property Terms and Definitions) with Complete SolutionsFlorida General Lines Insurance (Property Terms and Definitions) with Complete SolutionsFlorida General Lines Insurance (Property Terms and Definitions) with Complete SolutionsFlorida General Lines Insurance (Property Terms and Definitions) with Complete SolutionsHull Insurance Hull insurance is similar to collision insurance on an auto. It protects a shipowner against a covered loss to the vessel itself, ...

USAA Auto Insurance Terms EXAM QUESTIONS CORRECTLY ANSWERED New York USAA EXAM QUESTIONS CORRECTLY ANSWERED Watercraft liability, medical expenses and uninsured boaters are coverages provided under which of the following policies? I. Watercraft. II. Homeowners. III. Mariners. - ANSWER I only is correct. Explanation: Watercraft policies are designed to cover boats used primarily on fresh water streams and lakes. It is a package policy providing several coverages including hull, mo...

Ocean Marine Insurance - principally associated with vessels and their cargoes; also includes international air shipments as well as transportation by land or air that connects with an ocean shipment or international air shipment. Cargo Insurance - Insurance that covers loss of or damage to property shipped primarily by water or, if in foreign trade, by air. Hull Insurance - Insurance that covers partial or total loss of vessels caused by a covered peril; may also cover the insureds liabil...

Abandonment Condition - correct answer A condition often contained in property insurance policies that states that the insured cannot abandon damaged property to the insurer and demand to be reimbursed for its full value. Accident - correct answer A loss that occurs at a specific time and place Actual Cash Value (ACV) - correct answer Today's replacement cost minus depreciation. Depreciation from wear and tear, or obsolescence. admitted insurer; authorized insurer - correct answ...