Caib 2 chapter 2 Study guides, Class notes & Summaries

CAIB 2 - Chapter 6 Exam Questions and Answers identify three types of crime losses to real property - Answer ️️ -vandalism malicious acts burglary and arson identify three reasons why some types of personal property become 'target items' - Answer ️️ - convertibility (the ease with which property can be converted to cash) value portability identify eight methods used by criminals which can result in loss to real and personal property - Answer ️️ --forced entry into building...

CAIB 2 Chapter 2 Practice Exam 1 Already Graded A What are three advantages using a fact find or survey? i) Assists brokers when identifying potential losses ii) Assists brokers not to sell coverages client does not need iii) Assists brokers in collecting information needed by insurance companies What are three benefits of commercial property checklists and which is most important to brokers? i) Assists brokers when identifying potential losses ii) Assists brokers to make sure cove...

CAIB 2 - CHAPTER 6 EXAM 1) Convertibility; 2) Value; 3) Portability. - Answer ️️ -Three factors of personal property that can help business owners determine loss potential from a criminal act. 1) Forced entry into building; 2) Forced entry into protected enclosures; 3) Unforced entry into building or protected enclosures; 4) Forced opening of building and protected enclosures; 5) Vandalism and mailicious acts; 6) Espionage; 7) Shoplifting; 8) Employee theft. - Answer ️️ -Meth...

CAIB 3 CHAPTER 2 WORKBOOK QUESTION with correct answers

CAIB 2 Chapter 1 Practice exam 2 Questions and Answers (2024/2025)(Verified Answers)

CAIB 2 - Chapter 1 Questions and Answers Already Passed Explain "Scheduled Basis" Only the items listed on the policy will be insured Explain "Property of Every Description" Basis Building, stock and equipment are insured under a single limit of insurance Explain "All Property (Blanket)" Basis All property owned by the insured is insured under a single limit of insurance - this can include property at different locations and may be subject to co insurance Identify 5 compone...

CAIB 2 STUDY NOTES; CHAPTER 1

CAIB 2 STUDY NOTES; CHAPTER 4

CAIB 2- Chapter 3 questions with correct answers

CAIB 2 - Chapter 7 Questions and Answers 100% Pass 4 sources of business interruption & provide an example of each 1) physical damage to business; fire destroys business 2) failure of public utilities; ice storm damages power lines 3) transportation related accidents; rail car derailment 4) physical damage to neighbouring premises; anchor store burns down 3 sources of funding available to businesses when their operations are interrupted 1) reduce their capital reserves 2) take out a...