Caib 1 chapter 2 Study guides, Class notes & Summaries
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CAIB 1 Chapter 2 Question and answers correctly solved 2024
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CAIB 1 Chapter 2 Question and answers correctly solved 2024 Identify the three most common homeowners policies in use today. - correct answers Homeowners Basic Form (IBC1151) 
Homeowners Broad Form (IBC1153) 
Homeowners Comprehensive Form (IBC1155) 
 
In addition to single family dwellings, identify 4 other risks that may be eligible for homeowner's policy. - correct answers 1. Dwellings containing more than 1 family 
2. For insureds having more than one principal dwelling 
3. Mobile homes si...
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CAIB 1 - Chapter 2 Questions and Answers Graded A+
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CAIB 1 - Chapter 2 Questions and 
 
Answers Graded A+ 
 
What are the 3 types of Homeowners Forms? 1. Homeowners Basic 2. Homeowners Broad 
3. Homeowners Comprehensive 
 
Who develops insurance forms? Insurance Bureau of Canada 
 
What types of risks are now eligible for coverage? Dwellings containing more than one 
family, Insureds who own more than one dwelling, Mobile homes on full basements, dwellings 
in course of construction 
 
What are the common characteristics of Homeowners Forms? 1. C...
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CAIB 1 - Chapter 2 Questions with 100% Correct Answers | Latest Version 2024 | Expert Verified | Ace the Test
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CAIB 1 - Chapter 2 Questions with 100% 
Correct Answers | Latest Version 2024 | 
Expert Verified | Ace the Test
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CAIB 2 Chapter 1-7 Review (Qs & As)
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CAIB 2 Chapter 1-7 Review (Qs & As)
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CAIB 2 - Chapter 4 and 6 Exam Bundle
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CAIB II - Chapter 6 Exam Questions and Answers

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CAIB 2 Chapter 6 Practice Test 2- solved

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CAIB 2 Chapter 4 Practice Test 2

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CAIB 2 Chapter 4 Practice Test 1 Questions and Answers

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CAIB 2 CHAPTER 4 EXAM QUESTIONS AND ANSWERS

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Too much month left at the end of the money?
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CAIB 2 Chapter 1 Questions and Answers (2024/2025)(Verified Answers)
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CAIB 2 Chapter 1 Questions and Answers (2024/2025)(Verified Answers)
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CAIB 2 - Chapter 1 Questions and Answers Rated A+
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CAIB 2 - Chapter 1 Questions and 
 
Answers Rated A+ 
 
The three amounts to be considered when calculating the amount of payment as outlined in the 
Indemnity Agreement are: 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: Re...
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CAIB 2 - CHAPTER 1 Questions and Answers (2024/2025)(Verified Answers)
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CAIB 2 - CHAPTER 1 Questions and Answers (2024/2025)(Verified Answers)
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CAIB 2 Chapter 7 Practice Test 1 Questions with 100% Correct Answers | Latest Version 2024 | Expert Verified | Ace the Test
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CAIB 2 Chapter 7 Practice Test 1 Questions 
with 100% Correct Answers | Latest Version 
2024 | Expert Verified | Ace the Test
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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 
 
Scheduled coverage. Only the property specifically listed or scheduled on the policy is 
insured. 
 
Property of Every Description (POED) coverage. Building, Stock and Equipment are insured 
under a single limit of insurance. 
 
All Property (Blanket) coverage. All property owned by the insured is covered or 
"blanketed" by a single limit of insurance. (May insure property at more than one location.) 
 
The three classes of property i...
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