Businessowners policy - Study guides, Class notes & Summaries

PNC Test Complete Study Questions And Answers With Verified Solutions Which of the following policies will help an auto dealership cover most of its liability exposures? a)A garage liability coverage b)A motor carrier coverage form c)A commercial general liability policy with a crime endorsement d)A businessowners policy A Insurance is the transfer of a)Peril. b)Risk. c)Loss. d)Hazard. B The policy conditions define a)How parties to the contract must act following a loss. b)The basi...

The members of a limited liability company are insureds under a businessowners policy (BOP) if correct answersThe limited liability company is designated as the named insured. An endorsement added to a businessowners policy that provides coverage for direct damage caused by utility service disruption stemming from a covered peril is called correct answersUtility Services - Direct Damage. Which of the following would be the insured's duty in the event of a loss according to the duties in e...

The members of a limited liability company are insureds under a businessowners policy (BOP) if CORRECT ANSWER The limited liability company is designated as the named insured. An endorsement added to a businessowners policy that provides coverage for direct damage caused by utility service disruption stemming from a covered peril is called CORRECT ANSWER Utility Services - Direct Damage. Which of the following would be the insured's duty in the event of a loss according to the duties in e...

Property and casualty insurance Exam Questions and Answers Updated Nov 2022. A banker is ready to close on a customer's loan. The bank is prepared to offer the loan but only if the customer purchases a life insurance policy from the bank in the amount of the loan. This is an example of A builder's risk form is most often written as which of the following? A building is insured, but no one has lived or worked in it for 10 years. The building is completely empty of any furniture or perso...

AINS 103 (New 2023/ 2024 Update) Exploring Commercial Insurance Exam Review _ Questions and Verified Answers_ 100% Correct_ Graded A QUESTION Jenn is a producer for Goshen Mutual. She is trying to determine if a new prospect, Mr. Cooper's Café is eligible for the businessowners policy (BOP). Mr. Cooper's Café is a small restaurant located on the first floor of an office building, serving only breakfast and lunch. Cooking on the premises is limited to coffee makers, a grill, and...

Pearson VUE: Property Insurance Practice Exam Questions and Answers (100%Verified). 1. S is purchasing a Commercial Property policy to cover a commercial building with a replacement cost of $100,000. The policy includes an 80 percent Coinsurance clause. To avoid a coinsurance penalty in the event of a partial loss, S should purchase a policy with minimum limits of AT LEAST which of the following amounts? A. $100,000 B. $90,000 C. $80,000 D. $20,000: answer- C 2. The MAXIMUM amount a p...

FX,VA PROPERTY & CASUALTY INSURANCE EXAM QUESTIONS AND ACCURATE ANSWERS//ALREADY GRADED A+ The members of a limited liability company are insureds under a businessowners policy (BOP) if FX,VA PROPERTY & CASUALTY INSURANCE EXAM QUESTIONS AND ACCURATE ANSWERS//ALREADY GRADED A+ The members of a limited liability company are insureds under a businessowners policy (BOP) if FX,VA PROPERTY & CASUALTY INSURANCE EXAM QUESTIONS AND ACCURATE ANSWERS//ALREADY GRADED A+ The members of a limited l...

Michigan P & C Insurance Exam Test. Questions and answers. 100% Verified. Rated A Termination of Insurance for auto and home must be sent to last know address no later than - 30 days before cancellation Termination of casualty insurance cannot take place until- from the mailing date - 10 days PIP in auto insurance covers individual care from a family member for - a limit of $20 a day for three years limited collision - shall pay for collision damage to the insured vehicle without a...

Idaho Property & Casualty Exam Prep Questions and Answers Already Passed Which of the following statements is false with respect to requirements for rates? A) Rates may not be inadequate B) A purpose of the rate regulation is to diminish competition between insurers C) Rates may not be unfairly discriminatory D) A purpose of the rate regulation is to regulate cooperative action among insurers B The Businessowners Coverage Form to the Businessowners Policy provides coverage on which o...

Distinguish between Covered Property and Property Not Covered under the Businessowners Coverage Form. CORRECT ANSWER-Covered: Buildings: Includes PP of landlord (common areas, furnished) Covers Bridges, Retaining Walls, Wharves, Docks Replacement Cost BPP: Includes Property of Others (in CCC) Exterior Building Glass Replacement Cost Not Covered: Money/Securities Fences, radios, antennas, towers, signs (detached) plants Installed computers (in vehicles etc) Electronic...