Hired autos - Study guides, Class notes & Summaries

All are true about a BOP EXCEPT: Correct Answer Answer: 100% coinsurance is required True: Vandalism is not covered after 60 days vacancy,Liability coverage is excess over any other insurance that applies,Advance notice must be sent on cancellation or non-renewal Explanation: The BOP does contain replacement cost coverage, but with an 80% coinsurance requirement. The policy contains an automatic inflation guard feature, so coinsurance penalties are rare. On a BOP, hired and non-owned a...

Commercial Casualty II – CISR Questions And Answers GRADED A!!! In BAP what does liability section provide protection from claims for? Bodily Injury and Property Damage for which insured is legally responsible for. In BAP physical damage section what type of protection? provides coverage for damage to or loss of an insured's covered auto. What other BAP coverages can be added by endorsement? Medical payments personal injury protection uninsured/underinsured motorist bodily in...

VA Property & Casualty Exam FX, Insurance Exam with Complete Solutions The members of a limited liability company are insureds under a businessowners policy (BOP) if The limited liability company is designated as the named insured. An endorsement added to a businessowners policy that provides coverage for direct damage caused by utility service disruption stemming from a covered peril is called Utility Services - Direct Damage. Which of the following would be the insured's duty ...

In BAP what does liability section provide protection from claims for? - correct answer Bodily Injury and Property Damage for which insured is legally responsible for. In BAP physical damage section what type of protection? - correct answer provides coverage for damage to or loss of an insured's covered auto. What other BAP coverages can be added by endorsement? - correct answer Medical payments personal injury protection uninsured/underinsured motorist bodily injury and/or property dama...

Commercial Casualty II – CISR | 2024 Questions & Answers | 100% Correct | Verified In BAP what does liability section provide protection from claims for? - Bodily Injury and Property Damage for which insured is legally responsible for. In BAP physical damage section what type of protection? - provides coverage for damage to or loss of an insured's covered auto. What other BAP coverages can be added by endorsement? - Medical payments personal injury protection uninsured/unde...

Commercial Casualty II – CISR Questions And Answers GRADED A!!! In BAP what does liability section provide protection from claims for? Bodily Injury and Property Damage for which insured is legally responsible for. In BAP physical damage section what type of protection? provides coverage for damage to or loss of an insured's covered auto. What other BAP coverages can be added by endorsement? Medical payments personal injury protection uninsured/underinsured motorist bodily in...

appraisal a professional assessment to determine extent of damage financial responsibility proof that one can pay for damages caused, often fulfilled by purchasing insurance lessor a person granting a lease of a motor vehicle livery the transporting of people of things for hire mutually exclusive when something cannot occur simultaneously with something else private passenger vehicle an automobile used for private needs rather than for business uses ...

  LO/1- Auto Symbol 1 - Answer: Any Auto- Liability Only Symbol 2 - Answer: Owned "Auto" Only Symbol 3 - Answer: Owned Private Passenger "Autos" only Symbol 4 - Answer: Owned "Autos" Other than Private Passenger Symbol 5 - Answer: Owned "Autos" Subject to No-Fault (Not used in KY) Symbol 6 - Answer: Owned "Autos" Subject to a Compulsory UM Law (Not used in KY- no UM due to state law) Symbol 7 - Answer: Specifically Described "Autos" (Not listed not covere...

5 Parts that make up the Business Auto Policy - correct answer 1. Common Policy Declarations 2. Common Policy Conditions 3. Business Auto Declarations 4. Business Auto Coverage Forms 5. Endorsements The Business Auto Coverage Form - correct answer Designed to provide coverage for most Business Risks (Including auto service and auto repair) The Motor Carrier Coverage Form - correct answer Designed for businesses that transport materials, commodities, and goods for themselves as well as ...

Florida 6-20 All Lines Adjuster Test 2024 Update| Complete Questions & Answers | Rated A+. A public adjuster represents the interest of: A. The insurer B. The Insured C. The employer D. The interest of the general public -- CORRECT ANSWER->> -B. The insured Which of the following is the type of report that indicates the initial results of a claim investigation? A. Field Report B. Interim Report C. Full Report D. None of the above -- CORRECT ANSWER->> -A. Field Report S...