Hull insurance - Study guides, Class notes & Summaries

Abandonment Condition - correct answer A condition often contained in property insurance policies that states that the insured cannot abandon damaged property to the insurer and demand to be reimbursed for its full value. Accident - correct answer A loss that occurs at a specific time and place Actual Cash Value (ACV) - correct answer Today's replacement cost minus depreciation. Depreciation from wear and tear, or obsolescence. admitted insurer; authorized insurer - correct answ...

New York USAA Exam Review 2023/2024 Questions and Answers Watercraft liability, medical expenses and uninsured boaters are coverages provided under which of the following policies? I. Watercraft. II. Homeowners. III. Mariners. - ️️ I only is correct. Explanation: Watercraft policies are designed to cover boats used primarily on fresh water streams and lakes. It is a package policy providing several coverages including hull, motor and trailer coverage along with liability coverage. ...

Bailee - ANSWER An individual or organization who has taken into its care, custody, and/or control the property of another for servicing, repair, or storage Hazard - ANSWER Something that increases the chance or likelihood of a loss occuring. (physical or moral or morale) Market Value - ANSWER A property policy provision that changes the valuation method otherwise applicable (ACV or RV) to a valuation method that allows reimbursement to the insured, according to the price a willing buye...

Abandonment Condition A condition often contained in property insurance policies that states that the insured cannot abandon damaged property to the insurer and demand to be reimbursed for its full value. Absolute Liability Type of liability imposed by law on those participating in certain activities that are coered particularly hazardous; person may be held liabile even though they were not negligent. 6 Ways to Show Appreciation for Your Child's Teacher 0:14 / 0:54 Accide...

Aviation Law (AVMG 5090) - Exam 2 Questions and Answers (T/F) There is no limitation of liability for your own torts. - Answer ️️ -True (T/F) The boss has the right to direct their employees but not the independent contractors. - Answer ️️ -True What is Workman's Compensation? - Answer ️️ -Insurance for workers who are injured on the job. What is the benefit of having Workman's Compensation for your employees? - Answer ️️ -If the employee gets injured on the job, then t...

State Farm Insurance License Exam Questions and Answers Abandonment Condition - Answer- A condition often contained in property insurance policies that states that the insured cannot abandon damaged property to the insurer and demand to be reimbursed for its full value. Accident - Answer- A loss that occurs at a specific time and place Actual Cash Value (ACV) - Answer- Today's replacement cost minus depreciation. Depreciation from wear and tear, or obsolescence. admitted insurer; author...

CA Property & Casualty Exam Questions and Answers 100% Pass Contributory Plan - Correct Answer ️️ -Used in a group Insurance. Employee and employers share in the paying of premiums DP-1,DP-2, DP-3 All 3 dwelling forms cover? - Correct Answer ️️ -Loss of rental income Comparative Negligence - Correct Answer ️️ -You can file a claim, but damages are reduced based on that party's negligence. What has a single limit? - Correct Answer ️️ -Property Damage. Ordinance or law - ...

State Farm Insurance License Exam Questions and Answers Abandonment Condition - Answer- A condition often contained in property insurance policies that states that the insured cannot abandon damaged property to the insurer and demand to be reimbursed for its full value. Accident - Answer- A loss that occurs at a specific time and place Actual Cash Value (ACV) - Answer- Today's replacement cost minus depreciation. Depreciation from wear and tear, or obsolescence. admitted insurer; author...

Aircraft hull coverage covers - ANSWER-Vandalism while "not in motion" Punative - ANSWER-DamagesBodily injury claims - "exemplary" damages: Bail Bond - ANSWER-A court or litigation bond or finacial guarantee bond: Individual Named Insured - ANSWER-Covers business owner with business auto, but no personal auto insurance: Tachycardia - ANSWER-Abnormally rapid heartbeat - greater than 100 bpm: Mysterious Disappearance - ANSWER-Theft in Commercial Crime forms excludes: In prope...

2-20 General Lines Florida Insurance All Answers Correct Abandonment Clause ️often contained in a p/c policy stating that the insured cannot abandon damaged property to the (dump on) insurer and demand reimbursement for the full value. Accounts Receivable Coverage Form ️Inland Marine Coverage form which insures against loss the insured suffers becasuse of an inability to collect from customers when AR records are damaged. Accident ️A sudden fortuitous event Actual Cash Value (A...