Builders risk insurance - Study guides, Class notes & Summaries

AU62 Course Exam Practice Questions & Answers, 100% Accurate. Verified. An organization may incur losses from legal liabilities in a number of different ways. Which one of the following actions would best be described as an intentional tort? - -A newspaper mistakenly identifies the driver in an alcohol-related hit and run accident as John Doe, a prominent local attorney. Martin, a 15-year-old boy, carelessly tossed a glass bottle over the heads of several people toward a recycling bin 15...

Exam Fx-Property and Casualty Exam Questions and Answers 100% Pass To be considered an insurable risk, a loss may NOT be catastrophic Which of the following persons would be required to hold a producer license? a nonresident agent who negotiates insurance contracts Which of the following is the oldest known type of insurance? ocean marine The contents coverage on a homeowners policy would pay how much after the loss of one of a pair of golden candlesticks? the difference in the actual cash va...

C12 - Insurance on Property – Midterm Exam Questions and Answers 100% Pass Defining Property Insurance - Correct Answer ️️ --Protection against loss/damage to property -First party insurance -Premium exchanged for protection -Fortuitous losses (sudden and accidental) -Insurable interest -Intangible product Real vs Personal Property - Correct Answer ️️ -R: buildings or land (can't be moved) P: office desk or machinery (can be transported) Promise that Property Insurance is b...

Property and causality Exam ADP Questions and Answers 100% Pass In a commercial general liability policy medical payment pay for medical expenses Without regard to fault Which type of insurance protection guarantees protection against legal liability from any risk arising from the ownership, maintenance, or use Professional liability In PA, what is the minimum amount required for damages for liability to cover motor vehicles accidents? a. 15K, 30K, 5K Under an equipment breakdown...

Property and Casualty Exam Questions and Answers Already Passed the one basic characteristic of any type of insurance is that the insured is returned to the same status that existed prior to the loss, but without a chance for gain or profit true which of the following coverages does an open peril policy provide? perils other than those specifically named as being excluded determine the actual cash value in the following situation: original price of office equiptment when purchased...

NASCLA Test 1 Exam Questions and Answers, Latest Update 2024/2025 (Graded A+) Benchmarking Tool 2. Select two standard components of a business plan: answer- 1. Marking Strategy 2. Executive Strategy 3. is the biggest drawback of a sole proprietorship.: answer- Unlimited Personal Liability 4. If you are a sole proprietor and complete work under a name that is not your NASCLA Test 1 Exam Questions and Answers | Latest Update 2024/2025 | Graded A+ 2 / 8 own, you would be required to file...

C12 - Insurance on Property – Midterm Exam Questions With 100% Verified Answers Defining Property Insurance - answer-Protection against loss/damage to property -First party insurance -Premium exchanged for protection -Fortuitous losses (sudden and accidental) -Insurable interest -Intangible product Real vs Personal Property - answerR: buildings or land (can't be moved) P: office desk or machinery (can be transported) Promise that Property Insurance is based on - answer-Insured prom...

PA property and casualty test prepIn a commercial general liability policy medical payment pay for medical expenses - correct answer Without regard to fault Which type of insurance protection guarantees protection against legal liability from any risk arising from the ownership, maintenance, or use - correct answer Professional liability In a commercial general liability policy medical payment pay for medical expenses - correct answer Without regard to fault Which type of insurance prot...

Q: What is the definition of property insurance : : Property insurance is first-party insurance that indemnifies the owner or user of property for its loss, or the loss of its income-producing ability, when the loss or damage is caused by a covered cause of loss, such as fire or explosion. Q: What are some examples of types of property that might be covered by property insurance : : Some examples are real property such as dwellings and detached buildings such as sheds or garages; pers...

Claims Adjuster 6-20 Study Guide Exam Questions and Answers When a business s personal property values fluctuate, a single, fixed amount of insurance could produce either over- or under-insurance at any given time. With this option, the limit of coverage is set at an amount somewhat higher than expected peak values. A. Value Reporting B. Replacement Cost C. Agreed Value D. None of the Above - Answer-A. Value Reporting Liberalization states, "The insured gets the benefit of any broad...