Coverages - Study guides, Class notes & Summaries

1. under an FP-7955 policy, deductibles apply to which of the following types of losses.: B. Fire department service charges 2. in the FP-7955 policy, Coverage C consists of three coverages: 1. Addi- tional Living Expense, 2. Fair Rental Value and 3. Property Removed. True or False?: B. False 3. Jennifer Marco has a FP-7955 policy with coverage B limit of $75,000, a $500 deductible and no option AI, ID, FA, or JF. Which of the following statements is true concerning her personal property.: D....

ADB INSURANCE REAL EXAM QUESTIONS AND ANSWERS LATEST// GRADED A+ when coverage is provided under the additional coverages of section 2 of the homeowners policy payments are ADB INSURANCE REAL EXAM QUESTIONS AND ANSWERS LATEST// GRADED A+ when coverage is provided under the additional coverages of section 2 of the homeowners policy payments are

1. Identify the two distinct legal systems used in Canada. - Quebec Civil Code and Common Law 2. Why is common law also called "judge-made law"? - Common Law is based on precedent, on decisions made by judges in previous similar cases. 3. What is the Civil Code of Quebec? - General law that contains all of the basic provisions that govern life in society, namely relationships among citizens and the relationships between people and property. 4. Give an example of a law that has been enact...

NEW YORK INDEPENDENT FIRE ADJUSTER EXAM SIMULATOR - SERIES 17-64 RATED A+ Mason has suffered a $42,000 loss to his commercial building due to fire. The building is covered under the Building & Personal Property coverage form and had been vacant for 74 days. The insurer would have paid the entire loss if the building had been occupied, but what will they pay because the insured building was considered vacant? $28,980. $42,000. $6,300. $35,700. For a loss that would otherwise be covered for th...

In PA, a consumer reporting agency may list all of the following information about a consumer EXCEPT: - Medical Information The device that synchronizes the spark plug firing sequence is: - Camshaft Sensor If an insured fail to report a claim in a timely fashion the adjuster will usually: - Send the insured a reservation of rights letter When using a dedicated bench fixture to measure a unibody with front-end damage, where should fixtures be placed? - Fixtures should be placed in the damag...

Insurance broker means a person who, for compensation and on behalf of another person, transacts insurance other than life with, but not on behalf of, an insurer. True or False? correct answer: False - An insurance broker is a specialist in insurance and risk management. Brokers act on behalf of their clients and provide advice in the interests of their clients. Transacting insurance includes: A. Execution of a contract of insurance B. All of the choices C. Solicitation D. Negotiation c...

Alabama Insurance Exam Prep CH 5 questions with correct answers Section 1: Property Coverages Section 2: Liability Coverages - answer-Tips HO-2 (broad form) - answer-covers the dwelling, other structures, and

Auto o A land motor vehicle; trailer or semitrailer designed for travel on public roads o Land vehicle subject to a compulsory, financial responsibility, or other motor vehicle insurance law where licensed or principally garaged o Does not include mobile equipment as defined Trailer Includes semitrailer Mobile equipment o Paragraph 6 of the definition specifically identifies several types of self‐propelled vehicles that are considered autos and not mobile equipment o a. Sel...

CIC Commercial Property IV Time Element Coverages and Endos Exam

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...