Property damage liability - Study guides, Class notes & Summaries
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PVL3702 Assignment 2 (COMPLETE ANSWERS) Semester 1 2024 - DUE 9 April 2024
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PVL3702 Assignment 2 (COMPLETE ANSWERS) Semester 1 2024 - DUE 9 April 2024 ;100% TRUSTED workings, explanations and solutions. for assistance Whats-App.......0.6.7..1.7.1..1.7.3.9 .......... Question 1 Answer saved Marked out of 1.00 Flag question Question text Gary points a loaded gun at Pete, and orders him to sign a written contract. Gary explains that the document is for the sale of Pete’s car to him (Gary), at a price of R50 000 which is far below the market value of the car. Pete, feari...
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PVL3703 Assignment 3 (DETAILED ANSWERS) Semester 1 2024 - DISTINCTION GUARANTEED
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PVL3703 Assignment 3 (DETAILED ANSWERS) Semester 1 2024 - DISTINCTION GUARANTEED Answers, guidelines, workings and references .................... Question 1 One of the attractions at Wonderland Zoo is a train ride that takes customers to and from different locations at the zoo. Sipho, the technician in charge of inspecting and maintaining the train, overlooks some signs that the train is no longer in sound condition. Avril goes for a ride on the train. The operator of the train requests the per...
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Louisiana Property and Casualty Exam Questions and Answers Already Passed
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Louisiana Property and Casualty Exam 
Questions and Answers Already Passed 
 
Should 2 or more insurers issue a combined Standard Fire Policy insuring a single risk, in the 
event of a loss, the insured must notify Any of the insurers providing coverage. 
 
The policy conditions define How parties to the contract must act following a loss. 
 
Because an insurance policy is a legal contract, it must conform to the state laws governing 
contracts which require all of the following elements EXCEPT ...
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Florida 4-40 test Questions And Answers
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Transferring the risk to an insurance company is known as what? - Answer- Insurance 
 
When the insured request to have the company change a condition or provision in an insurance policy the document attach to the policy is referred to as what? - Answer- Endorsement 
 
George and Sandy only home which was damaged by fire who has insurable interest - Answer- George and Sandy 
 
What is the most common loss settlement valuation in the property policies? - Answer- Actual cash value 
 
The insurance...
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CIC Commercial Casualty Institute actual exam with 100% correct answers(latest update)
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What are 4 major loss exposures covered by CGL Form? 
 
LO1 
1. Premises Liability (slip and fall due to water on the floor) 
 
2. Operations Liability 
(Tree trimmer causes damage to power lines by removing fallen limbs) 
 
3. Product Liability (ladder collapses when being used as intended) 
 
4. Completed Operations 
A contractor installs a hot water heater and leaves the home, 2 days later, water overflows onto the floor causing damage because the hot water heater was improperly installed. 
 ...
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MAC3703 Assignment 2 (ANSWERS) Semester 1 2024 - DISTINCTION GUARANTEED.
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Well-structured MAC3703 Assignment 2 (ANSWERS) Semester 1 2024 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!). . (DETAILED ANSWERS - DISTINCTI ON GUARANTEED!). QUESTION 1 (20 MARKS) 
DNF Waste & Environmental Services (DNF) is an Environmental Management and Waste Management Services Company that was created in 2008. It is one of the leading waste and environmental management service providers in South Africa. DNF is a 100% Black woman owned business and is a Level 1 Val...
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FLORIDA TERMITE EXAM 2024 WITH COMPLETE SOLUTIONS
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FLORIDA TERMITE EXAM 2024 WITH 
 
COMPLETE SOLUTIONS 
 
What must you have signed by the customer before entering into a contract on a property that is 
currently under an active wdo warranty? Form 13671 (consumer consent form) 
 
The eastern sub termite belongs to what family? Rhinotermitidae 
 
Drywood and dampwood termites belong to the family? Kalotemritidae 
 
according to the revised taxonomy of termites, these insects belong in the order ____ along with 
cockroaches Blattodae 
 
the Old H...
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2024 GEORGIA ADJUSTER EXAM/ACTUAL EXAM WITH 100% CORRECT DETAILED AND VERIFIED SOLUTIONS/A+ GRADE
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2024 GEORGIA ADJUSTER EXAM/ACTUAL EXAM WITH 100% CORRECT DETAILED AND VERIFIED SOLUTIONS/A+ GRADE 
 
 
Consequential also known as Indirect Loss 
An insured's business is damaged because of a fire and he is forced to close business temporarily for repairs. As a result the insured lost income. What type of loss is this? 
 
Combined Single 
The insured crashes into a porch and the person sitting on the porch. The person on the porch is injured. The insured's insurance policy has a limit set at $...
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CPCU 500: Becoming a Leader in Risk Management and Insurance Exam Prep | Questions and Verified Answers| 100% Correct (Latest 2023/ 2024 Update)
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CPCU 500,Becoming a Leader in Risk Management and Insurance Exam Prep | Questions and Verified Answers| 100% Correct (Latest 2023/ 2024 Update) 
 
Q: Loss Exposure 
 
 
Answer: 
Any condition or situation that presents a possibility of loss, whether or not an actual loss occurs 
 
3 Elements of a Loss Exposure: 
-An asset exposed to loss 
-Cause of loss (peril) 
-Financial consequences of that loss 
 
 
 
Q: Types of Loss Exposures 
 
 
Answer: 
Property Loss 
Liability Loss 
Personnel Loss 
Net...
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OREGON STATE PROPERTY AND CASUALTY EXAM PREP QUESTIONS AND ANSWERS 2024
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The Occurrence form 
it doesn't matter when the loss is reported, but the date the loss occurred must be during the policy period. 
 
 
 
The Supplemental Extended Reporting Period 
The cost of the endorsement may be up to 200% of the CGL's annual premium. This is a one-time charge and is fully earned at issuance. 
 
 
 
Product liability would cover 
Product liability applies to bodily injury the product causes away from the insured's premises. A customer contracting food poisoning is a perf...
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