Earn Life ~ Earn Money ~ Earn Certification
Chapter 12 Quiz
This quiz will test your knowledge on the material presented. Some questions may also test your knowledge on material not yet presented.
Liability damages on behalf of an insured will be paid when:
Anytime a third party is injured on the insured's premises
A relative is injured on the premises
The insurer determines the insured is legally liable
Only when the court determines the insured is legally liable
Chris filed a claim for his loss and received a notice of a claim requirement that needed to be answered immediately. Chris did not comply with the requirement, therefore, ___.
The coverage could be denied
The loss will be partially paid
The premium will be returned
The policy will be cancelled
Because of the heavy rains causing catastrophic flooding, there was a minor fuel leak because of damage sustained to equipment at the plant. Ther was an immediate need for pollution clean-up and removal of the fuel. Under the BOP, how much is paid for pollution?
25% of the loss
Any amount that does not exceed the limit of the policy
___ is excluded from products and completed operations liability coverage.
A vendor's liability for the products of others
Recall of products
Damage occurring after possession of the product has been relinquished
Damage caused by a defective product
Businessowners policies provide "Preservation of Property" coverage when property is removed for u
The "custom farming" endorsement requires a receipt threshold of what amount?
If your score is below 70%, please Try Again.