11

Question 0

BREAKDOWN DOESNT INCLUDE:

Answer 0

• LEAKAGE AT ANY VALVE, SEAL, JOINT, CONNECTION, OR FITTING
• DAMAGE TO ANY STRUCTURE OR FOUNDATION SUPPORTING
• FUNCTIONING OF ANY SAFETY OR PROTECTIVE DEVICE
• LOSSES TO ANY OBJECT WHILE BEING TESTED

Question 1

EQUIPMENT BREAKDOWN COVERAGE AKA: BOILER AND MACHINERY COVERS:

Answer 1

BOILERS, REFRIGERATORS, AND AIR CONDITIONERS

Question 2

A UNIQUE CONDITION OF BREAKDOWN COVERAGE:

Answer 2

CAN BE IMMEDIATELY SUSPENDED IF EQUIPMENT IS FOUND TO BE IN OR EXPOSED TO A DANGEROUS CONDITION

Question 3

WHAT AMENDS THE VALUATION CLAUSE SO THAT OBSOLETE AND USELESS EQUIPMENT WILL NOT BE REPAIRED OR REPLACED?

Answer 3

THE ACTUAL CASH VALUE ENDORSEMENT

Question 4

THIS IS DESIGNED FOR PROPERTY SUBJECT TO MOVEMENT

Answer 4

THE INLAND MARINE INSURANCE

Question 5

INLAND MARINE INSURANCE ARE AKA:

Answer 5

FLOATERS, AS THE INSUREDS NEEDS COVERAGE THE FLOATS WHEREVER THE PROPERTY IS MOVED

Question 6

WHAT ARE THE 6 INLAND MARINE RISK?

Answer 6

• EXPORTS
• INPORTS
• DOMESTIC SHIPMENTS
• INSTRUMENTALITIES OF TRANSPORTATION(BRIDGES, TUNNELS..)
• INSTRUMENTALITIES OF COMMUNICATION(SATELITES AND SIGN)
• COMMERCIAL PROPERTY FLOATERS
• PERSONAL PROPERTY FLOATERS

Question 7

COVERS LOSS RESULTING FROM THE DAMAGE OF ACCOUNTS RECEIVABLE RECORDS BY PAYING THE REASONABLE EXPENSES INCURRED TO REESTABLISH ACCOUNTS RECEIVABLES; DOES NOT COVER ACCOUNTING AND BILLING ERRORS

Answer 7

ACCOUNTS RECEIVABLES

Question 8

THIS DESCRIBES A RECEPTACLE ON THE DEC PAGE AND WARRANTIES THE INSURED TO KEEP ALL PAPERS AND RECORDS IN FIREPROOF CONTAINERS WHEN NOT IN USE; OTHERWISE LOSSES CAUSED BY FIRE WILL NOT BE COVERED

Answer 8

VALUABLE PAPERS/ACCOUNTS RECEIVABLE FLOATER

Question 9

COVERS AGRICULTURAL AND CONSTR4UCTION EQUIP SOLD BY DEALERS

Answer 9

EQUIPMENT DEALER FLOATER

Question 10

OBSOLETE ADN USELESS EQUIP WILL NOT BE REPAIRED OR REPLACED

Answer 10

ACV

Question 11

INCLUDES EXPLOSION COVERAGE FOR EQUIP

Answer 11

BREAKDOWN

Question 12

TEMPORARY EXPENSES FOR REPAIRS TO OBJECTS DUE TO LOSS BY COVERED PERILS

Answer 12

EXPEDITING EXPENSES

Question 13

INSURES PRECIOUS METALS IN A JEWELRY STORE

Answer 13

JEWELERS BLOCK

Question 14

INSURES PORTABLE PROPERTY

Answer 14

FLOATERS

Question 15

INSURED PROPERTY BEING DELIVERED AND INSTALLED IN THE PREMISES OF CUSTOMER

Answer 15

INSTALLATION FLOATER

Question 16

COVERS COMPUTERS HARDWARE, SOFTWARE AND DATA

Answer 16

ELECTRONIC DATA PROCESSING FLOATER

Question 17

APPLIES TO A SPECIFIC SHIPMENT (ONE TIME, ONE WAY)

Answer 17

TRIP TRANSIT POLICY

Question 18

USED WHEN SHIPMENT ARE SENT OR RECVD ON A REGULAR BASIS

Answer 18

ANNUAL TRANSIT POLICY

Question 19

COVERS PROPERTY TRANSPORTED BY A BUSINESS USING ITS OWN TRUCKS

Answer 19

OWNERS FORM

Question 20

COVERS LIABILITY OF THE CARRIER FOR DAMAGE TO TRANSPORTED PROPERTY OF OTHERS

Answer 20

TRUCKERS FORM