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Property III part

QuestionAnswer
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