Ains 103 exam questions - Study guides, Class notes & Summaries

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 ...

AINS103 Practice Questions, AINS 103 Exam Questions and Answers In property insurance, the term "Property in Transit" refers to which one of the following? - Answer-Property while being transported by trucks, cars, buses, trains, airplanes, and ships. Extra expenses are expenses, in addition to ordinary expenses, that an organization incurs to mitigate the effects of a business interruption. Which one of the following is an example of an extra expense? - Answer-Cost to rent temporary off...

AINS 103: Exam Questions With Correct Solutions

AINS103 Practice Questions, AINS 103 Exam Questions With Verified Solutions In property insurance, the term "Property in Transit" refers to which one of the following? - ANS Property while being transported by trucks, cars, buses, trains, airplanes, and ships. Extra expenses are expenses, in addition to ordinary expenses, that an organization incurs to mitigate the effects of a business interruption. Which one of the following is an example of an extra expense? - ANS Cost to rent tempor...

AINS 103 Exam Questions With Verified Answers Which one of the following best describes real property? Select one: A. Property being shipped to or from others. B. Business personal property that includes furniture, machinery and equipment, and stock/inventory. C. Tangible property that includes land, structures permanently attached to the land, and whatever is growing on the land. D. Vehicles, merchandise, furniture, tools, and similar items. - ANS C. Tangible property that includes l...

AINS 103 EXAM QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) ALREADY GRADED A+ Ava is Regional Manager for Goshen Mutual. She is looking over the past auto losses for Disposal Inc. She is tracking the experience of their drivers, the location of accidents, and the severity of the injury to their employees and the public. She is trying to determine the frequency and severity of the auto exposure for Disposal and to use the future models to suggest where Disposal alloca...

AINS 103 EXAM QUESTIONS AND ANSWERS

AINS 103 Exploring Commercial Insurance Latest Update Actual Exam Questions and 100% Verified Correct Answers Verified by Professor

While performing duties for the business, all of the following would be an insured under Business Liability Coverage of a partnership's businessowners policy (BOP), EXCEPT: - ACCURATE ANSWERS All executive officers of an LLC. Which one of the following would be covered under the Extra Expense insuring agreement of the Business Income (and Extra Expense) Coverage Form? - ACCURATE ANSWERS Costs to move office equipment to a substitute location. An intangible asset resulting from a collectio...