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Property III part
| Question | Answer |
|---|---|
| which of the following policies is specifically designed to cover business property? | Commercial property coverage part |
| all of the following are time element coverage's except | valuable papers coverage form |
| loos caused by sprinkler leakage is covered under which commercial property causes of loss form ? | Basic broad Special |
| the builder's risk reporting form insures a building under construction for | An amount which increases at intervals to correspond with the increasing value of the building |
| A commercial package policy must include | Common policy declarations , two more coverage forms |
| which of the following coverage 's are available in a business owners policy with special property coverage form | *business income *theft disappearance and destruction of money and securities *employ dishonesty *mechanical breakdown *extra expense |
| a hardware store is insured under a business income coverage form with the special causes of loss form, which of the following losses would be covered? | Income lost when store closes for a week while damage from burst water pipe is repaired |
| if a building insured under the building and personal property coverage form was vacant for three months | a vandalism loss would not be covered a fire loos would be covered, subject to 15% penalty |
| what is the primary difference between a commercial package policy and a businessowner policy | with ta cpp, the insured can pick and choose the coverage's included in the policy |
| Ron's pizza parlor has a neon sign attached to the building which damaged by a lighting and hail storm. what is the maximum coverage his building and business personal property coverage will pay for this loss? | $2500 PPC |
| which of the following, while covered under business property covered under the business property coverage form is not settled on actual cash basis? | Valuable papers and records |
| under a business owners policy, newly acquired business personal property covered is automatically covered for 30 days up to a maximum limit of | $100000 |
Created by:
juanjd12
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