Save
Busy. Please wait.
Log in with Clever
or

show password
Forgot Password?

Don't have an account?  Sign up 
Sign up using Clever
or

Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
share
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

CPCU 551 - Ch3

Chapter 3 study notes

QuestionAnswer
Causes of Loss - Basic Form Fire,Lightning,Explosion,Windstorm,Hail,Smoke,Aircraft,Vehicles,Riot,Civil Commotion,Vandalism,Sprinkler Leakage,Sinkhole Collapse,Volcanic Action
Causes of Loss - Broad Form Basic Form Perils Plus Falling Objects Weight of Snow, Ice, or Sleet Water Damage Collapse Caused by Certain Perils
WHARVES Wind Hail Aircraft/Vehicles Riot/Civil Commotion Vandalism Explosion Smoke
Concurrent Causation If there is a loss that is caused by two perils, one covered and one not, the policy forbids recovery for the part of a loss caused by the excluded peril.
Perils Subject to Anti-concurrent Causation Language Ordinance or Law Earth Movement Governmental Action Nuclear Hazard Utility Services War and Military Action Water Fungus, Wet Rot, Dry Rot, and Bacteria
Perils NOT Subject to Anti-concurrent Causation Language Artificially Generated Electrical Energy Explosion of Steam Boilers Mechanical Breakdown Neglect
Special Form Exclusions Dishonest or Crim Acts Vol Parting Unauth Instruct Inv Shortages Unexplained Disappearance Theft of Build Mats Spec Theft Limits Excl to Match Broad Form Conds Maint Perils Pollution Concurrent Causation Prod Errors
What losses does the fire peril cover in addition to loss of property actually burned by fire? Heat and Smoke damage caused by a hostile fire, as well as damage resulting from attempts to extinguish the fire.
What limitation applies to building interior or contents damage caused by wind-driven rain, snow, sand, or dust? The force of wind or a substance driven by the wind must first damage the exterior of the building, allowing the rain snow, sand, or dust to enter.
What limitations apply to the aircraft or vehicles peril? Physical contact
What is the difference between volcanic action and volcanic eruption? Volcanic Action - refers only to the airborne blast or shock waves; ash, dust, or particulate matter; and lava flow. Volcanic Eruption - Earth movement
Special Form - Special Theft Limits $2,500 for: furs patterns, dies, molds, forms jewelry, watches, watch movements, precious and semi-precious stones, bullion, gold, silver, platinum $250 for stamps, tickets, including lottery tickets for sale
Created by: Johnnc
Popular Insurance sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards