MO Property and Casualty Exam Graded A+
Personal Auto and Liability Coverages - Travel Expenses and Loss of Earnings: Covered under Liability Coverage. - Types of Compensatory Damages: Special (for specific financial losses) and General (for non-economic
damages like pain and suffering). - Clai...
- Travel Expenses and Loss of Earnings: Covered under Liability Coverage.
- Types of Compensatory Damages: Special (for specific financial losses) and General (for non-economic
damages like pain and suffering).
- Claims-Related Expenses: Covered under Additional Coverage.
- Garage Liability Coverage: Suitable for auto dealerships covering most liability exposures.
Insurance Policies and Claims
- Basic Causes of Loss Form: Insures against sprinkler leakage and other specified perils.
- Businessowners Policy (BOP) Liability Coverage: Covers medical expenses for others incurred within 1
year.
- Claims-Made CGL Policy: Insurer must provide claims information within 45 days of request.
- Owned Trailers: Automatically covered for uninsured motorist coverage, bodily injury, and property
damage.
Coverage Types
- Basic Dwelling Policy: Provides coverage for fire, lightning, and internal explosion.
- Supplementary Payments in Liability Policies: Made in addition to liability limits.
Exclusions and Provisions
- Excluded Items Under Hired Auto: An auto borrowed from an employee does NOT qualify.
- CGL Coverage A: Covers losses due to the insured's negligence.
- Valuation Methods: Replacement cost is contrary to indemnity as it does not account for depreciation.
Specific Coverages and Endorsements
- Fire Department Service Charge: Considered an additional coverage.
- Coinsurance Requirement: The theatrical property floater requires 80%.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller CertifiedGrades. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
