Spoilage coverage Study guides, Class notes & Summaries

Property and Casualty - Kentucky How long is a waiting period upon purchase of flood coverage through NFIP? - correct answer 30 days Coverage under a Floor Plan Merchandise form is written on a reporting form basis that requires the insured to file reports with the insurer. What is the time frame for those reports? - correct answer Within 30 days after the end of each month Which of the following types of property will be covered by inland marine insurance? - correct answer Portable prope...

Georgia Property & Casualty Exam Graded A+ Which of the following correctly describes a principal difference between a dwelling policy and a homeowners policy? A.) A dwelling policy only covers the dwelling, other structures, personal property, fair rental value, and additional living expenses. It does not cover liability. B.) Both policies are almost identical, except that the homeowners policy focuses on the more expensive homes. C.) A dwelling policy requires that the owner occu...

The function in the adjusting process by which an adjuster records his or her activities, findings, and thoughts on disposition of a claim is know as what? - Answer Documentation and Reporting A "direct writing" insurance company sells its policies through: A. Employees of the company B. Licensed insurance brokers C. Independent insurance agents D. Exclusive or Captive agents - Answer A. Employees of the company The insured purchased a large tarp from Home Depot to prevent furt...

Property and Casualty - KentuckyHow long is a waiting period upon purchase of flood coverage through NFIP? - correct answer 30 days Coverage under a Floor Plan Merchandise form is written on a reporting form basis that requires the insured to file reports with the insurer. What is the time frame for those reports? - correct answer Within 30 days after the end of each month Which of the following types of property will be covered by inland marine insurance? - correct answer Portable propert...

Georgia Property & Casualty Exam Questions and Answers 100% Correct Graded A+ Which of the following correctly describes a principal difference between a dwelling policy and a home owners policy? A.) A dwelling policy only covers the dwelling, other structures, personal property, fair rental value, and additional living expenses. It does not cover liability. B.) Both policies are almost identical, except that the homeowner’s policy focuses on the more expensive homes. C.) A dwelling po...

XCEL SOLUTIONS PROPERTY & CASUALTY EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ An earned premium resulting from the cancellation of a policy is calculated on: Correct Answer: On a pro rata basis, based on the previous year's rate M owns a parking garage & has coverage that states: "We will cover losses regardless if you are legally liable for the loss." This no-fault ideology will be found under: Correct Answer: Excess Direct Coverage An insurance company w...

Georgia Property & Casualty Exam Questions and Answers 100% pass Which of the following correctly describes a principal difference between a dwelling policy and a homeowners policy? A.) A dwelling policy only covers the dwelling, other structures, personal property, fair rental value, and additional living expenses. It does not cover liability. B.) Both policies are almost identical, except that the homeowners policy focuses on the more expensive homes. C.) A dwelling policy requires tha...

another name for insurance agent is: principal producer broker recorder - ANSWER-producer another name for insurer is: principal producer broker policymaker - ANSWER-principal The Broad Form Products Coverage endorsement in commercial auto policies does which of the following? Adds property coverage Removes the defective products exclusion Adds the defective products exclusion Removes property coverage - ANSWER-Removes the defective products exclusion All of the follow...

Xcel Solutions Property & Casualty Exam Questions and Answers An earned premium resulting from the cancellation of a policy is calculated on: - Correct Answer ️️ -On a pro rata basis, based on the previous year's rate M owns a parking garage & has coverage that states: "We will cover losses regardless if you are legally liable for the loss." This no-fault ideology will be found under: - Correct Answer ️️ -Excess Direct Coverage An insurance company writing business in a state o...

Florida 6-20 All Lines Adjuster Actual Exam Questions and Answers If the civil authority blocks access to the insured's premises because of a covered peril that has damaged a building down the street, what period of time will the Business Income forms pay the insured for loss of income at his/her premises? A. One week B. Two consecutive weeks C. Four consecutive weeks D. Three consecutive weeks - Answer-C. Four consecutive weeks Under the Condominium Association form, coverage is ba...