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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?
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?
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?
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?
What is the chief objective of replacement cost insurance?
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What does 'considerations' refer to in the context of insurance?
What does 'considerations' refer to in the context of insurance?
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What does an unlicensed vehicle policy cover?
What does an unlicensed vehicle policy cover?
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In a contract of insurance, which document is issued when an insurer wants to change the terms of an existing policy?
In a contract of insurance, which document is issued when an insurer wants to change the terms of an existing policy?
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