Caib 2 checkpoints Study guides, Class notes & Summaries

CAIB 2 - Checkpoints exam 2024 with 100% correct answers What are two factors to consider when deciding which form of business interruption insurance to purchase? - correct answer i) Nature of business ii) Types of perils most likely to cause losses When using old financial statements to establish amount of insurance, what problems could be encountered? - correct answer Clients may be underinsured because future trends were not considered What type of employee salaries may not be considered a

CAIB 2 – Checkpoints (Comprehensive Study Guide)

CAIB 2 – Checkpoints Questions And Answers With Verified Solutions 100% Correct!!!

Identify 3 classes of property insured by commercial property insurance policies Building, Equipment, Stock Identify 2 ways used to insure commercial property and a brief explanation of each Scheduled coverage: only that property specifically identified or scheduled on the policy is insured All Property (formerly POED) a single limit of insurance is provided for building, stock, and equipment. Brainpower Read More 0:03 / 0:15 Scheduled Coverage refers to the policy on wh...

Caib 1 Chapter 1 - Section 2 Checkpoints Questions And Answers With Verified Solutions Already Passed Latest Updated 2024

Identify 3 classes of property insured by commercial property insurance policies - CORRECT ANSWER-Building, Equipment, Stock Identify 2 ways used to insure commercial property and a brief explanation of each - CORRECT ANSWER-Scheduled coverage: only that property specifically identified or scheduled on the policy is insured All Property (formerly POED) a single limit of insurance is provided for building, stock, and equipment. Scheduled Coverage - CORRECT ANSWER-refers to the policy on wh...