Study guides, Class notes & Summaries

Danforth Grocery Store specializes in fresh produce and is open 24 hours year-round. The store has contracts with suppliers to deliver produce and foods by 5am daily, so the parking area at the rear of the store is congested from 4:30am to 5:30am. Customer traffic is heaviest from 7am to 9am, and again from 3pm to 6pm. The store has had six slip and fall claims from customers in the past year. Danforth Grocery Store is most exposed to which one of the following types of liability loss? A. ...

Which one of the following best describes real property? Select one: A. Property being shipped to or from others. B. Business personal property that includes furniture, machinery and equipment, and stock/inventory. C. Tangible property that includes land, structures permanently attached to the land, and whatever is growing on the land. D. Vehicles, merchandise, furniture, tools, and similar items. - C. Tangible property that includes land, structures permanently attached to the land, and...

Which one of the following best describes real property? Select one: A. Property being shipped to or from others. B. Business personal property that includes furniture, machinery and equipment, and stock/inventory. C. Tangible property that includes land, structures permanently attached to the land, and whatever is growing on the land. D. Vehicles, merchandise, furniture, tools, and similar items. - C. Tangible property that includes land, structures permanently attached to the land, and...

AINS 103 (QUESTIONS & ANSWERS) SOLVED 100% CORRECT!!

AINS 103 Ch.1, Ains 103 Ch.2, Ains 103 ch.3, Ains 103 Ch.4, AINS 103 Ch.5, Ains 103 Ch. 6 Combined Sets Questions With Correct Verified Answers Commercial property loss exposures - ANSWER any condition that presents the possibility that an organization will sustain a loss resulting from damage or theft of its prop What is the most important elements of commerical property loss exposures that matter the most to insurance prof - ANSWER causes of loss, property exposed to loss, fina...

AINS 103 Test Questions & Correct Answers Loss Exposure - ANSWER Any condition or situation that presents a possibility of loss, whether or not an actual loss occurs. Property Loss Exposure - ANSWER A condition that presents the possibility that a person or an organization will sustain a loss resulting from damage (including destruction, taking, or loss of use) to property in which that person or organization has a financial interest. Real Property (realty) - ANSWER Tangible prop...

AINS 103 Test Questions & Answers Danforth Grocery Store specializes in fresh produce and is open 24 hours year-round. The store has contracts with suppliers to deliver produce and foods by 5am daily, so the parking area at the rear of the store is congested from 4:30am to 5:30am. Customer traffic is heaviest from 7am to 9am, and again from 3pm to 6pm. The store has had six slip and fall claims from customers in the past year. Danforth Grocery Store is most exposed to which one of...

AINS 103 Exam Review Questions with Verified Solutions In property insurance, the term "property in transit" refers to which one of the following? C. Property while being transported by trucks, cars, buses, trains, airplanes, and ships Extra expenses are expenses, in addition to ordinary expenses, that an organization incurs to mitigate the effects of a business interruption. Which one of the following is an example of an extra expense? B. Cost to rent temporary office space Rad...

AINS 103 Questions and Answers Already Passed Which one of the following best describes real property? Select one: A. Property being shipped to or from others. B. Business personal property that includes furniture, machinery and equipment, and stock/inventory. C. Tangible property that includes land, structures permanently attached to the land, and whatever is growing on the land. D. Vehicles, merchandise, furniture, tools, and similar items. C. Tangible property that includes land...