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CALIFORNIA COMMERCIAL INSURANCE EXAM QUESTIONS AND ANSWERS 2024
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CALIFORNIA COMMERCIAL INSURANCE EXAM QUESTIONS AND ANSWERS 2024
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CALIFORNIA COMMERCIAL INSURANCE EXAMWhat 3 items are not covered under a BPP policy but can be covered under
coverage extensions? - ANSWERS-Outdoor signs not attached to the building(s).
Outdoor radio or TV antennas, including satellite dishes, and their lead-in wiring,
masts and towers.
OUtdoor fences, trees, shrubs, and plants, unless the items are the insured's
stock/inventory.
NOTE: The limit for coverage on these items is $1,000.
What are Additional Coverages & Extensions under the BPP? - ANSWERS-
Additional coverages are provided under the Building and Personal Property
Coverage Form at no charge to the insured and in addition to the policy limits
stated on the declarations page.
The BPP coverage extensions apply only if at least 80% coinsurance or a value
reporting period symbol is shown in the declarations page. The amounts payable
under the coverage extensions are additional amounts of insurance and are not
subject to the limits of insurance stated in the declarations page.
What are the 6 Additional Coverages provided with a BPP? - ANSWERS-Debris
Removal, Removal of Property, Fire Department Service Charge, Pollutant Clean
up, Increased Cost of Construction, and Electronic Data.
, Under the BPP, what does Debris Removal additional coverage cover? -
ANSWERS-Under the debris perms provision, the most the insurer will pay for
debris removal resulting from a covered loss is 25% of the sum of the direct loss
payment plus the amount of the deductible. There is an additional $10,000 limit
per location provided the direct loss and debris removal expense exceeded the
limit of insurance.
Under the BPP, what does Increased Cost of Construction additional coverage
cover? - ANSWERS-The Increased Cost of Construction as an additional coverage
provides a small amount of insurance to cover this loss exposure. THe amount of
insurance is 5% of the amount of the insurance or $10,000, which ever is less. It
pays in addition to the policy limit and applies only if the replacement cost option
has been activated.
Under the BPP, what does Electronic Data additional coverage cover? - ANSWERS-
It provides $2,500 in coverage per policy year, for damages caused by Electronic
failure.
Under the BPP, what does the Fire Department Service Charge additional
coverage cover? - ANSWERS-Under this additional coverage, the insured is eligible
for reimbursement of up to $1,000 in charges for Fire Department service calls.
Under the BPP, what does the Pollutant Clean Up additional coverage cover? -
ANSWERS-This Coverage allows for up to $10,000 in expenses incurred by the
insured as a result of a covered loss incolcing a requirement to extract pollutants
from land or water at the described premises. This
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