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Questions and Answers
A business experiences a loss of their master key. According to the policy, what is the maximum coverage limit available for this loss?
A business experiences a loss of their master key. According to the policy, what is the maximum coverage limit available for this loss?
- $5,000
- $10,000
- $25,000 (correct)
- $50,000
What characterizes a "Green standards-setter" as defined within the insurance policy?
What characterizes a "Green standards-setter" as defined within the insurance policy?
- An organization that develops guidelines and benchmarks for energy efficiency and sustainable business practices. (correct)
- A department within the government tasked with ensuring compliance with tax laws.
- An organization responsible for setting and enforcing workplace safety regulations.
- A government body that monitors financial market activities.
Following an insured event, a business incurs expenses aimed at preventing further losses. What is the maximum coverage provided under the policy for such Loss Prevention Expenses?
Following an insured event, a business incurs expenses aimed at preventing further losses. What is the maximum coverage provided under the policy for such Loss Prevention Expenses?
- $2,500
- $10,000
- $25,000
- $5,000 (correct)
An employee uses a company-provided cell phone for business purposes 150 feet away from the office. Under the policy, how would this property be classified?
An employee uses a company-provided cell phone for business purposes 150 feet away from the office. Under the policy, how would this property be classified?
A business utilizes mobile communication devices for operations conducted off-site. What is the maximum coverage limit available under the policy for Mobile Communication Property?
A business utilizes mobile communication devices for operations conducted off-site. What is the maximum coverage limit available under the policy for Mobile Communication Property?
A business's lease is canceled due to a covered cause of loss, leading to financial setbacks. How does the policy define the financial loss sustained in this scenario?
A business's lease is canceled due to a covered cause of loss, leading to financial setbacks. How does the policy define the financial loss sustained in this scenario?
Following a covered loss, a business needs to engage professional services to prepare the loss claim for both building and personal property. What is the policy's coverage limit for these Preparation of Loss Fees?
Following a covered loss, a business needs to engage professional services to prepare the loss claim for both building and personal property. What is the policy's coverage limit for these Preparation of Loss Fees?
In the context of Equipment Breakdown Coverage, how is 'One Breakdown' defined?
In the context of Equipment Breakdown Coverage, how is 'One Breakdown' defined?
An auto dealership uses tents for promotional events on their lot. Under the Auto Dealers Amendatory Endorsement, what is the coverage limit for damage to these tents?
An auto dealership uses tents for promotional events on their lot. Under the Auto Dealers Amendatory Endorsement, what is the coverage limit for damage to these tents?
A chemical spill occurs at an insured property. How does the policy define the spilled substances for coverage consideration?
A chemical spill occurs at an insured property. How does the policy define the spilled substances for coverage consideration?
An insured fails to pay their premium, leading to policy cancellation. According to the policy, how many days' notice must the insurer provide before canceling the policy?
An insured fails to pay their premium, leading to policy cancellation. According to the policy, how many days' notice must the insurer provide before canceling the policy?
An insurer decides to cancel a policy in Missouri for a reason other than nonpayment or arson. How many days' notice are they required to provide to the insured?
An insurer decides to cancel a policy in Missouri for a reason other than nonpayment or arson. How many days' notice are they required to provide to the insured?
A company's equipment breaks down, and they seek coverage under the Equipment Breakdown Coverage Part. In which geographical areas is this coverage effective?
A company's equipment breaks down, and they seek coverage under the Equipment Breakdown Coverage Part. In which geographical areas is this coverage effective?
A business expands, acquiring a new building. What is the maximum limit of coverage available for these Newly Acquired or Constructed Property - Buildings?
A business expands, acquiring a new building. What is the maximum limit of coverage available for these Newly Acquired or Constructed Property - Buildings?
Following the acquisition of a new property, for how long does the policy provide coverage for Newly Acquired or Constructed Property?
Following the acquisition of a new property, for how long does the policy provide coverage for Newly Acquired or Constructed Property?
A business suffers a loss of income due to an event at an exhibition. What is the maximum coverage limit under the policy for Business Income at Any Other Location?
A business suffers a loss of income due to an event at an exhibition. What is the maximum coverage limit under the policy for Business Income at Any Other Location?
A civil authority restricts access to a business premises, causing a loss of income and extra expenses. What is the coverage period for Civil Authority (Business Income / Extra Expense) under the policy?
A civil authority restricts access to a business premises, causing a loss of income and extra expenses. What is the coverage period for Civil Authority (Business Income / Extra Expense) under the policy?
An auto dealership experiences a business income loss after a covered event. Under the Auto Dealers Amendatory Endorsement, what is the maximum duration for Extended Business Income coverage?
An auto dealership experiences a business income loss after a covered event. Under the Auto Dealers Amendatory Endorsement, what is the maximum duration for Extended Business Income coverage?
A covered event obstructs access to a business, leading to income loss. What is the policy limit for losses relating to Ingress and Egress coverage?
A covered event obstructs access to a business, leading to income loss. What is the policy limit for losses relating to Ingress and Egress coverage?
A building suffers damage from fungus or dry rot. According to the policy, what is the annual aggregate limit for Fungus, Wet or Dry Rot related damages?
A building suffers damage from fungus or dry rot. According to the policy, what is the annual aggregate limit for Fungus, Wet or Dry Rot related damages?
An auto dealership uses a detached trailer not owned by the dealership. What is the coverage limit for Non-owned Detached Trailers?
An auto dealership uses a detached trailer not owned by the dealership. What is the coverage limit for Non-owned Detached Trailers?
Consider an auto dealership experiencing damage to outdoor property. Under the Auto Dealers Amendatory Endorsement, what is the coverage limit?
Consider an auto dealership experiencing damage to outdoor property. Under the Auto Dealers Amendatory Endorsement, what is the coverage limit?
A customer's personal belongings are damaged while on the business premises. What is the policy's coverage limit for Personal Effects and Property of Others at the described premises?
A customer's personal belongings are damaged while on the business premises. What is the policy's coverage limit for Personal Effects and Property of Others at the described premises?
A business incurs penalties due to contractual obligations following a covered loss. What is the coverage limit for Contractual Penalties (Business Income / Extra Expense)?
A business incurs penalties due to contractual obligations following a covered loss. What is the coverage limit for Contractual Penalties (Business Income / Extra Expense)?
A business experiences a loss of electronic data. What is the annual aggregate limit specified in the policy for Electronic Data?
A business experiences a loss of electronic data. What is the annual aggregate limit specified in the policy for Electronic Data?
A barn on the insured property, not used for commercial purposes, is damaged. What is the coverage limit for Appurtenant Buildings under the policy?
A barn on the insured property, not used for commercial purposes, is damaged. What is the coverage limit for Appurtenant Buildings under the policy?
A business experiences a loss of income due to damage at a dependent business premises. What is the coverage limit for Dependent Business Premises (Business Income / Extra Expense) under the policy?
A business experiences a loss of income due to damage at a dependent business premises. What is the coverage limit for Dependent Business Premises (Business Income / Extra Expense) under the policy?
A business transports electronic data processing equipment and media. What is the coverage limit specified in the policy for Electronic Data Processing Equipment and Media (in transit)?
A business transports electronic data processing equipment and media. What is the coverage limit specified in the policy for Electronic Data Processing Equipment and Media (in transit)?
To prevent further loss from a covered peril, property is moved to a temporary location. According to the policy, what is the time limit of coverage for Preservation of Property at the temporary location?
To prevent further loss from a covered peril, property is moved to a temporary location. According to the policy, what is the time limit of coverage for Preservation of Property at the temporary location?
According to the Common Policy Declarations, what is the amount listed for Missouri State Tax?
According to the Common Policy Declarations, what is the amount listed for Missouri State Tax?
Based on the Common Policy Declarations, what is the listed charge for the Surplus Lines Filing Fee?
Based on the Common Policy Declarations, what is the listed charge for the Surplus Lines Filing Fee?
Who is designated as the authorized representative for endorsing policy changes?
Who is designated as the authorized representative for endorsing policy changes?
What form number is used for the Policyholder Notice concerning non-admitted business?
What form number is used for the Policyholder Notice concerning non-admitted business?
A business needs to report a new claim under the policy. What is the correct email address for submitting this claim?
A business needs to report a new claim under the policy. What is the correct email address for submitting this claim?
A policyholder has a general question about a claim. What is the correct toll-free phone number to call for claims inquiries?
A policyholder has a general question about a claim. What is the correct toll-free phone number to call for claims inquiries?
An emergency responder charges a fee for services. What is the coverage limit for Emergency Responder Service Charge?
An emergency responder charges a fee for services. What is the coverage limit for Emergency Responder Service Charge?
A business experiences an interruption of computer operations, resulting in a loss of income and extra expenses. What is the coverage limit for Interruption of Computer Operations (Business Income / Extra Expense)?
A business experiences an interruption of computer operations, resulting in a loss of income and extra expenses. What is the coverage limit for Interruption of Computer Operations (Business Income / Extra Expense)?
Under the Auto Dealers Amendatory Endorsement, what is the coverage limit for Property Off-Premises?
Under the Auto Dealers Amendatory Endorsement, what is the coverage limit for Property Off-Premises?
A business experiences a loss of income and extra expense at a newly acquired location. What is the coverage limit for Newly Acquired Locations (Business Income / Extra Expense)?
A business experiences a loss of income and extra expense at a newly acquired location. What is the coverage limit for Newly Acquired Locations (Business Income / Extra Expense)?
A business needs to transport electronic data processing equipment. What is the coverage limit for Electronic Data Processing Equipment and Media, aside from transit or trade shows?
A business needs to transport electronic data processing equipment. What is the coverage limit for Electronic Data Processing Equipment and Media, aside from transit or trade shows?
Flashcards
Loss of Master Key Limit
Loss of Master Key Limit
Coverage limit for Loss of Master Key is $25,000.
"Green standards-setter"
"Green standards-setter"
An organization producing guidelines for energy efficiency and sustainable practices.
Loss Prevention Expense Limit
Loss Prevention Expense Limit
Coverage limit for Loss Prevention Expense is $5,000.
"Mobile Communication Property"
"Mobile Communication Property"
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Mobile Communication Limit
Mobile Communication Limit
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"Net Leasehold Interest"
"Net Leasehold Interest"
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Loss Prep Fees Limit
Loss Prep Fees Limit
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"One Breakdown"
"One Breakdown"
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Tent Coverage Limit
Tent Coverage Limit
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"Pollutants"
"Pollutants"
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Cancellation Notice (Nonpayment)
Cancellation Notice (Nonpayment)
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Cancellation Notice (Other)
Cancellation Notice (Other)
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Equipment Breakdown Territory
Equipment Breakdown Territory
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New Building Limit
New Building Limit
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New Property Coverage Period
New Property Coverage Period
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Business Income Limit (Exhibition)
Business Income Limit (Exhibition)
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Civil Authority Coverage
Civil Authority Coverage
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Extended Income Limit
Extended Income Limit
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Ingress/Egress Limit
Ingress/Egress Limit
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Fungus/Rot Limit
Fungus/Rot Limit
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Non-Owned Trailers Limit
Non-Owned Trailers Limit
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Outdoor Property Limit
Outdoor Property Limit
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Personal Effects Limit
Personal Effects Limit
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Contract Penalty Limit
Contract Penalty Limit
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Electronic Data Limit
Electronic Data Limit
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Appurtenant Buildings Limit
Appurtenant Buildings Limit
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Dependent Business Limit
Dependent Business Limit
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Data Transit Limit
Data Transit Limit
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Property Preservation
Property Preservation
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Missouri State Tax
Missouri State Tax
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Surplus Lines Fee
Surplus Lines Fee
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Policy Changes Rep
Policy Changes Rep
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Non-Admitted Form Number
Non-Admitted Form Number
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New Claim Address
New Claim Address
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Claims Inquiry Number
Claims Inquiry Number
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Emergency Responder Limit
Emergency Responder Limit
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Computer Interruption Limit
Computer Interruption Limit
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Off-Premises Limit
Off-Premises Limit
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New Location Limit
New Location Limit
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Data Equipment limit
Data Equipment limit
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Study Notes
Coverage Limits
- Loss of Master Key: $25,000.
- Loss Prevention Expense: $5,000.
- Preparation of Loss Fees for Building and Personal Property: $25,000.
- Tents under the Auto Dealers Amendatory Endorsement: $15,000.
- Mobile Communication Property: $10,000.
- Business Income at Any Other Location (exhibition, fair, or trade show): $25,000.
- Civil Authority (Business Income / Extra Expense): Four weeks.
- Extended Business Income under the Auto Dealers Amendatory Endorsement: 60 days.
- Ingress and Egress coverage: $50,000.
- Fungus, Wet or Dry Rot (annual aggregate limit): $15,000.
- Personal Effects and Property of Others at the described premises: $5,000.
- Contractual Penalties (Business Income / Extra Expense): $25,000.
- Electronic Data (annual aggregate): $2,500.
- Appurtenant Buildings: $100,000.
- Dependent Business Premises (Business Income / Extra Expense): $100,000.
- Electronic Data Processing Equipment and Media (in transit): $50,000.
- Emergency Responder Service Charge: Subject to $1,000,000 Basket Aggregate.
- Interruption of Computer Operations (Business Income / Extra Expense): $2,500 annual aggregate.
- Property Off-Premises under the Auto Dealers Amendatory Endorsement: $25,000.
- Newly Acquired Locations (Business Income / Extra Expense): $250,000.
- Electronic Data Processing Equipment and Media (other than in transit or at an exhibition): $75,000.
Definitions
- Green standards-setter: An organization or agency producing guidelines for energy efficiency and sustainable practices.
- Mobile Communication Property: Property used for communication more than 100 feet from the described premises.
- Net Leasehold Interest: The loss sustained due to lease cancellation caused by a Covered Cause of Loss.
- One Breakdown (Equipment Breakdown Coverage Part): An initial breakdown and all related breakdowns at the same time and cause.
- Pollutants: Irritants or contaminants, whether or not they have a function in the business.
Cancellation Notice Periods
- Cancellation due to nonpayment of premium: 10 days.
- Cancellation for reasons other than nonpayment or incendiarism in Missouri: 30 days.
Coverage Territory (Equipment Breakdown Coverage Part)
- The coverage territory includes the United States, Puerto Rico, and Canada.
Newly Acquired or Constructed Property
- Limit for Buildings: $2,000,000.
- Period of Coverage: 90 days.
Other Limits
- Non-owned Detached Trailers: Subject to $1,000,000 Basket Aggregate.
- Outdoor Property under the Auto Dealers Amendatory Endorsement: Subject to $1,000,000 Basket Aggregate.
- Preservation of Property: 30 days.
Policy Details
- Missouri State Tax amount listed in the Common Policy Declarations: $635.00.
- Surplus Lines Filing Fee listed in the Common Policy Declarations: $635.00.
- Authorized representative for the Policy Changes endorsement: Shawn Ellis.
- Form number for the Policyholder Notice regarding non-admitted business: CNA88012XX.
Claim Information
- Address for reporting a new claim under the policy: [email protected].
- Toll-free phone number for general claims inquiries: (866) 830-2383.
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