Caib 2 exam study guide Study guides, Class notes & Summaries

CAIB 2 EXAM STUDY GUIDE | CAIB2 MOCK FINAL

CAIB 2 EXAM STUDY GUIDE

CAIB 2 Exam Study Guide With Verified Solutions. Scheduled Coverage - answerrefers to policy on which coverage is provided only on that property which is specifically identified or scheduled. All Property - answerrefers to policy used to insure building, stock and equipment under a single limit of insurance. Tenants Improvements - answerbuilding improvements, alterations and betterments made at the expense of or purchased by the insured to a building occupied by the insured and which are ...

CAIB 2 exam study guide for a complete success

The three amounts to be considered when calculating the amount of payment as outlined in the Indemnity Agreement are: - CORRECT ANSWER-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: - CORRECT ANSWER-Residential (ex. home) No...