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Resource Guide

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Term
Definition
show A contract where an insurance company agrees to pay for the loss damage of "Your Stuff" tangible items that you can possess. EX- Your house, your car, your dog, your furniture. Or Business stuff- building, inventory desks, computers - two party contract  
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show Your legal responsibility for damage you do to the other person's body or property.(BI-Bodily Injury) PD- Property damage. -Third party contract= you-> you insurance company-> unknown 3rd party-> the victims -> the other guy  
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Personal Line Insurance   show
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show Contracts designed to provide for the insurance needs of a business.property side- buildings,warehouses, inventory, office furniture, equipment, inventory, raw material). Casualty side-professional liability, products liability, commercial auto liability,  
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Insurance   show
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Insured   show
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Insurance Company   show
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What are the 4 types of loss exposures:   show
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show C. Hazard of loss (Hazard is a quadrant or risk, not an element of loss exposure  
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show  
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Created by: slaroche1
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