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7 coverage extensio - Study guides, Class notes & Summaries

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CIC COMMERCIAL PROPERTY EXAM PREP STUDY GUIDE LATEST UPDATED ANDVERIFIED

  • CIC COMMERCIAL PROPERTY EXAM PREP STUDY GUIDE LATEST UPDATED ANDVERIFIED

  • Exam (elaborations) • 3 pages • 2024
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    • CIC COMMERCIAL PROPERTY EXAM PREP STUDY GUIDE LATEST UPDATED ANDVERIFIED Endorsements used to modify coverage extensions (6) - CORRECT ANSWER-1. newly acquired or constructed property - increased limit 2. higher limits 3. specified bpp temporarily away from premises 4. additional covered property 5. radio or television antennas 6. trees, shrubs, plants Explain replacement cost - CORRECT ANSWER-- without deduction for depreciation - claims are paid on acv until repairs or repla...
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