Spoilage coverage - Study guides, Class notes & Summaries

State Farm Questions and Answers 100% Verified 2023|2024 the waiting period is 30 days as required by the Nation flood insurance program How long is the waiting period after the application has been accepted before flood coverage goes into effect? a customers camera left at a camera shop for repairs which of the following Is covered under the camera and musical instruments dealers floater Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds ...

CIC Commercial Property - Inland Marine Coverage Exam Questions and Answers What is Commercial Inland Marine? - Answer ️️ Imports, Exports, Domestic Shipments, Instrumentalities for Transportation, Personal Property Floater and Commercial Floater Two types of property that can be included on the inland marine? - Answer ️️ Tangible and Intangible Property Types of Inland Marine Policies? - Answer ️️ Builders Risk, Installation Floater, Contractors Equipment, and Transportation...

2.1 Given a loss situation, determine whether or not a loss is covered by the Basic, Broad, or Special Causes of Loss Forms and give reasons for your answer Basic Form CP1010 Broad Form* FLEWSARV LSV Fire* Lightning* Explosion* Windstorm or Hail* Smoke* Aircraft or Vehicles* Riot or Civil Commotion* Vandalism* Sprinkler Leakage* Sinkhole Collapse* Volcanic Action 2. Apply the exclusions of the Cause of Loss - Special Form to specific claims situation A. Covered cause of los...

Idaho Casualty Exam Questions and Answers (Graded A+) another name for insurance agent is: principal producer broker recorder - producer another name for insurer is: principal producer broker policymaker - principal The Broad Form Products Coverage endorsement in commercial auto policies does which of the following? Adds property coverage Removes the defective products exclusion Adds the defective products exclusion Removes property coverage - Removes the defective pr...

another name for insurance agent is: principal producer broker recorder - Answer producer another name for insurer is: principal producer broker policymaker - Answer principal The Broad Form Products Coverage endorsement in commercial auto policies does which of the following? Adds property coverage Removes the defective products exclusion Adds the defective products exclusion Removes property coverage - Answer Removes the defective products exclusion All of the follow...

Property and Casualty Adjuster Exam Questions and Answers 100% pass Indemnity - Answer- Insured restored to approximate financial condition as before loss occurred, no better or worse Independent Adjuster - Answer- must represent more than 1 company Binder - Answer- Commits company to act as if the policy has been issued, temporary contract, initiate coverage, oral or written, expires when policy coverages begins Consideration - Answer- insurer's promise to provide indemnity in the event...

that indicates the initial results of a claim investigation? A. Field Report B. Interim Report C. Full Report D. None of the above A. Field Report States have adopted statutes regarding claims adjusting. To avoid unfair treatment to a claimant the adjuster must not: A. Promptly investigate the claim. B. Follow the laws regarding the number of days in which to commence an investigation. C. Deny the claim until a fair and prompt investigation has commenced. D. Pay the claim within a reasonable num...

CIC Commercial Property - Inland Marine Coverage Exam Questions and Answers What is Commercial Inland Marine? - Answer ️️ Imports, Exports, Domestic Shipments, Instrumentalities for Transportation, Personal Property Floater and Commercial Floater Two types of property that can be included on the inland marine? - Answer ️️ Tangible and Intangible Property Types of Inland Marine Policies? - Answer ️️ Builders Risk, Installation Floater, Contractors Equipment, and Transportation...

Commercial Package Policy (CPP) 1-1 Policy that covers two or more lines of business by combining ISO's commercial lines coverage parts Businessowners Policy (BOP) 1-2 A package policy that combines most of the property and liability coverages needed by small and medium-sized businesses Output Policy 1-3 A policy that combines, in one form and associated endorsements, all or most of the commercial property coverages that the insured organization needs, and uses a flexible rating pl...

Define Loading - ANSWER-Additional rate charged over and above the fire rate. Define common carrier - ANSWER-Includes airline, railroads, trucking companies, and others that furnish transportation to any member of the public seeking their services. Define "Bailee for Hire" - ANSWER-One who has temporary custody of the personal property of another for a purpose other than sale and who is compensated as a condition of such custody. Define discovery period. - ANSWER-Time permitted by an ...