MISSOURI INSURANCE EXAM CHAPTER 7 2024/2025 WITH 100% ACCURATE SOLUTIONS
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Course
MISSOURI INSURANCE
Institution
MISSOURI INSURANCE
MISSOURI INSURANCE EXAM CHAPTER 7 2024/2025 WITH 100% ACCURATE SOLUTIONS
The definition of vacancy is - Precise Answer 60 days
The Building and Personal Property policy may be used to cover each of the following EXCEPT - Precise Answer property damage liability
After a Building and Persona...
MISSOURI INSURANCE EXAM CHAPTER 7 2024/2025 WITH 100%
ACCURATE SOLUTIONS
The definition of vacancy is - Precise Answer ✔✔60 days
The Building and Personal Property policy may be used to cover each of
the following EXCEPT - Precise Answer ✔✔property damage liability
After a Building and Personal Property policy proof of loss is filed, the
claim must be paid within - Precise Answer ✔✔30 days
Building materials used for repairs are not covered for: - Precise Answer
✔✔theft
The Building and Personal Property policy (BPP) covers: - Precise
Answer ✔✔outdoor furniture
Under the Building and Personal Property policy, the mortgagee is
entitled to - Precise Answer ✔✔Payment as per the mortgagee's interest
at the time of loss
Joe has a building covered by a Building and Personal Property policy.
What must he do to cover a new lawnmower used to service the
premises? - Precise Answer ✔✔Nothing
, Which is a coverage extension? - Precise Answer ✔✔newly acquired
property
The Building and Personal Property policy covers outdoor furniture
located within a maximum of - Precise Answer ✔✔100 feet
The First Named Insured may cancel the Building and Personal Property
policy: - Precise Answer ✔✔at any time in writing
Which of the following is an Additional Coverage under an unendorsed
Commercial Property policy? - Precise Answer ✔✔Fire Department
Service Charges
If a business insured by a Building and Personal Property policy (BPP)
acquires a new business, the new business is insured for a grace period
of: - Precise Answer ✔✔30 days
A Building and Personal Property policy usually provides coverage
based on which basis? - Precise Answer ✔✔Actual Cash Value
A building valued at $100,000 has a policy with an 80% coinsurance
clause. The minimum coverage needed to fully cover a $15,000 fire loss
is: - Precise Answer ✔✔$80,000
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