Ains 103 - Study guides, Class notes & Summaries

Danforth Grocery Store specializes in fresh produce and is open 24 hours year-round. The store has contracts with suppliers to deliver produce and foods by 5am daily, so the parking area at the rear of the store is congested from 4:30am to 5:30am. Customer traffic is heaviest from 7am to 9am, and again from 3pm to 6pm. The store has had six slip and fall claims from customers in the past year. Danforth Grocery Store is most exposed to which one of the following types of liability loss? ...

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AINS 103 Test Questions And Answers.

AINS 103 (Latest 2023/ 2024 Update) Exploring Commercial Insurance Exam Review Questions and Verified Answers| 100% Correct| Grade A Q: Which one of the following is one of the covered causes of loss in the commercial property policy Causes of Loss—Basic form? Answer: Vandalism Q: Billy owns a baseball souvenir store in Cooperstown, NY. He insured his store under a Building and Personal Property Coverage Form (BPP) with a $275,000 limit and a $1,500 deductible. A large fire in ...

AINS 103 | (All Practice Questions from the Course) with 100 % correct answers | Verified& Updated 2024 | Already PassedAINS 103 | (All Practice Questions from the Course) with 100 % correct answers | Verified& Updated 2024 | Already PassedAINS 103 | (All Practice Questions from the Course) with 100 % correct answers | Verified& Updated 2024 | Already PassedAINS 103 | (All Practice Questions from the Course) with 100 % correct answers | Verified& Updated 2024 | Already PassedAINS 103 | (...

AINS 103: Exam Questions With Correct Solutions

Loss exposure - ANS-Any condition or situation that presents a possibility of loss, whether or not an actual loss occurs. Property loss exposure - ANS-A condition that presents the possibility that a person or an organization will sustain a loss resulting from damage (including destruction, taking, or loss of use) to property in which that person or organization has a financial interest. Real property (realty) - ANS-Tangible property consisting of land, all structures permanently attache...

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AINS 103 Ch.1, Ains 103 Ch.2, Ains 103 ch.3, Ains 103 Ch.4, AINS 103 Ch.5, Ains 103 Ch. 6 Combined Sets Questions With Correct Verified Answers Commercial property loss exposures - ANSWER any condition that presents the possibility that an organization will sustain a loss resulting from damage or theft of its prop What is the most important elements of commerical property loss exposures that matter the most to insurance prof - ANSWER causes of loss, property exposed to loss, fina...