Premises Liability Quiz
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Questions and Answers

What type of liability coverage would be important for loss resulting from the taking of property by a person breaking into the premises?

  • Premises liability (correct)
  • Completed operation liability
  • Operations liability
  • Products liability

How is loss resulting from the taking of property by a person breaking into the premises defined?

  • Robbery
  • Theft
  • Fraud
  • Burglary (correct)

What is the limit of coverage provided for an insured's records under most commercial property insurance policies?

  • The cost to redevelop the records
  • The actual cash value
  • Blank value and cost to transcribe none
  • 70% of blank value (correct)

What is the chief objective of replacement cost insurance?

<p>No deductions for depreciation (A)</p> Signup and view all the answers

What does 'considerations' refer to in the context of insurance?

<p>Premium charged (B)</p> Signup and view all the answers

What does an unlicensed vehicle policy cover?

<p>For all types of vehicles (B)</p> Signup and view all the answers

In a contract of insurance, which document is issued when an insurer wants to change the terms of an existing policy?

<p>Endorsement (B)</p> Signup and view all the answers

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