CAIB 2 Chapter 4 and 6 Bundled Exams Questions and Answers Graded to Pass | 100% Verified and Updated 2024

CAIB 2 CHAPTER 4 EXAM QUESTIONS AND ANSWERS Define "Endorsement" - Answer ️️ -endorsements change the terms of existing policies Define "Rider" - Answer ️️ -Riders add coverages to those already on the policy What values are insured on a Glass Rider - Answer ️️ -1) Glass 2) Artwor...

CAIB 2 - CHAPTER 6 Exam Questions and Answers 1) Convertibility; 2) Value; 3) Portability. - Answer ️️ -Three factors of personal property that can help business owners determine loss potential from a criminal act. 1) Forced entry into building; 2) Forced entry into protected enclosures; ...

CAIB II- Chapter 6 Exam Questions and Answers List three considerations that make some property items 'target' items and provide an explanation for each - Answer ️️ -i) Convertibility (ease at which property can be sold and converted to cash) ii) Value (higher valued articles are more attr...

CAIB 2 - Chapter 6 Exam Questions and Answers identify three types of crime losses to real property - Answer ️️ -vandalism malicious acts burglary and arson identify three reasons why some types of personal property become 'target items' - Answer ️️ - convertibility (the ease with whi...

CAIB II - Chapter 6 Exam Questions and Answers Crime Insurance - Property Susceptible to Crime Losses (2 Target Items) - Answer ️️ -Target items are those which meet the follow criteria: 1. Value (greater value items) 2. Portability (easier to transport away) Perimeter Protection - Partial ...

CAIB 2 Chapter 4 Practice Test 2 What are two examples of temporary locations where property may be located and insured by Temporary Locations coverage? - Answer ️️ -i) When at customers premises on a pre-sale trial basis ii) When at a warehouse awaiting pickup by client List locations insu...

CAIB 2 - CHAPTER 6 EXAM 1) Convertibility; 2) Value; 3) Portability. - Answer ️️ -Three factors of personal property that can help business owners determine loss potential from a criminal act. 1) Forced entry into building; 2) Forced entry into protected enclosures; 3) Unforced entry into...

CAIB 2 Chapter 4 Practice Test 1 Define Endorsement. - Answer ️️ -Endorsements change terms of existing policies Define Rider. - Answer ️️ -Riders add coverages to those all ready on policy Indicate Covered or Not Covered on Sign Form (C/NC) a) mechanical breakdown b) damage caused by p...

CAIB 2 -CH 4 - SEC 1 - STUDY GUIDE WITH COMPLETE SOLUTIONS Briefly explain the functions of Endorsements - Answer ️️ -Changes the terms or conditions of the Insured's policy Briefly explain the functions of Riders - Answer ️️ -Adds additional coverages to those already in place Briefl...