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Chapter 8 Quiz
This quiz will test your knowledge on the material presented. Some questions may also test your knowledge on material not yet presented.
Valuable papers and records in commercial inland marine includes coverage for: I. Money and securities II. Deeds, drawings and maps III. Books, files and mortgages
I and II only
I and III only
II and III only
The owner of Tasty Foods Restaurant carried a business owner policy for the building and all of the furniture and other contents in the restaurant. Hurricane Rita flooded the first floor of the Tasty Foods and the owner needs to know how the value of his damages will be determined.
Only on an agreed amount basis
Replacement cost basis
Actual cash value basis
Either on an actual cash value basis or replacement cost basis
Under business income coverage, this coverage clause continues payment of income.
Extension of coverage
Maximum period of indemnification
Extended business income
How is the medical expenses limit in the liability section of the BOP described?
Commercial Package Policy does not include:
Commercial Crime Coverage
Commercial General Liability Coverage
The business owner moved her equipment on July 15, 2012 to a storage location to protect it from a covered cause of loss. On ___the coverage to the storage expired.
August 15, 2012
December 31, 2012
July 30, 2012
September 15, 2012
If your score is below 70%, please Try Again.