Caib 2 chapter 2 - Study guides, Class notes & Summaries
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CAIB 2 - Chapter 1 Questions And Answers Exam Review
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CAIB 2 - Chapter 1 Questions And Answers Exam Review 
The three amounts to be considered when calculating the amount of payment as outlined in the 
Indemnity Agreement are: - ANS-1) the value of the lost or damaged property (ACV) 
2) the interest of the insured in the property (ex. financial interest, home, mortgage) 
3) the amount of insurance specified on the "Declarations Page" for the loss or damaged property (least 
amount|) 
Identify the four categories that buildings may fall into: - ...
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CAIB 2 - Chapter 6 Exam Questions and Answers
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CAIB 2 - Chapter 6 Exam Questions and Answers 
identify three types of crime losses to real property - Answer ️️ -vandalism 
malicious acts 
burglary and arson 
identify three reasons why some types of personal property become 'target items' - Answer ️️ - 
convertibility (the ease with which property can be converted to cash) 
value 
portability 
identify eight methods used by criminals which can result in loss to real and personal property - 
Answer ️️ --forced entry into building...
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CAIB 2 Chapter 2 Practice Exam 1 Already Graded A
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CAIB 2 Chapter 2 Practice Exam 1 
 
Already Graded A 
 
What are three advantages using a fact find or survey? i) Assists brokers when identifying 
potential losses 
ii) Assists brokers not to sell coverages client does not need 
iii) Assists brokers in collecting information needed by insurance companies 
 
What are three benefits of commercial property checklists and which is most important to 
brokers? i) Assists brokers when identifying potential losses 
ii) Assists brokers to make sure cove...
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CAIB 2 - CHAPTER 6 EXAM
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CAIB 2 - CHAPTER 6 EXAM 
1) Convertibility; 
2) Value; 
3) Portability. - Answer ️️ -Three factors of personal property that can help business owners 
determine loss potential from a criminal act. 
1) Forced entry into building; 
2) Forced entry into protected enclosures; 
3) Unforced entry into building or protected enclosures; 
4) Forced opening of building and protected enclosures; 
5) Vandalism and mailicious acts; 
6) Espionage; 
7) Shoplifting; 
8) Employee theft. - Answer ️️ -Meth...
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CAIB 3 CHAPTER 2 WORKBOOK QUESTION with correct answers
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CAIB 3 CHAPTER 2 WORKBOOK QUESTION with correct answers
And that's how you make extra money
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CAIB 2 STUDY NOTES; CHAPTER 4 QUESTIONS WITH CORRECT ANSWERS
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CAIB 2 STUDY NOTES; CHAPTER 4
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CAIB 2 STUDY NOTES; CHAPTER 1 QUESTIONS AND ANSWERS GRADED A+
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CAIB 2 STUDY NOTES; CHAPTER 1
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CAIB 2 Chapter 1 Practice exam 2 Questions and Answers (2024/2025)(Verified Answers)
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CAIB 2 Chapter 1 Practice exam 2 Questions and Answers (2024/2025)(Verified Answers)
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CAIB 2 - Chapter 1 Questions and Answers Already Passed
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CAIB 2 - Chapter 1 Questions and 
Answers Already Passed 
 
Explain "Scheduled Basis" Only the items listed on the policy will be insured 
 
Explain "Property of Every Description" Basis Building, stock and equipment are insured 
under a single limit of insurance 
 
Explain "All Property (Blanket)" Basis All property owned by the insured is insured under a 
single limit of insurance - this can include property at different locations and may be subject to 
co insurance 
 
Identify 5 compone...
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CAIB 2 - Chapter 6 Exam With Correct Answers.
- Exam (elaborations) • 11 pages • 2024
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CAIB 2 - Chapter 6 Exam With Correct Answers.
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