9 COMMERCIAL INS / PROPERTY FORMS

Question 0

COMMERCIAL PROPERTY COVERAGE B

Answer 0

BUSINESS PERSONAL PROPERTY
STOCK
FURNITURE
FIXTURES

Question 1

COMMERCIAL PROPERTY COVERAGE A

Answer 1

PERMANENT FIXTURES
LAWNMOWERS AND ITEMS USED TO SERVICE PROPERTY
BUILDING
OTHER STRUCTURES ON PREMISES

Question 2

COMMERCIAL PROPERTY COVERAGE C

Answer 2

PERSONAL PROPERTY OF OTHERS
WITHIN 100`
$2500 LIMIT
NOT BAILEE CUSTOMERS PROPERTY

Question 3

COMMERCIAL PROPERTY NOT COVERED

Answer 3

AIRCRAFT
FOUNDATIONS
MONEY
PROPERTY INSURED ELSE WHERE

Question 4

WHAT IS EXCLUDED ON BUSINESS AND PERSONAL PROPERTY

Answer 4

LAND, FOUNDATION PIPES, DRAINS
MONEY, SECURITIES
DETACHED SIGNS
BAILEE PROPERTY

Question 5

EXTENDED COVERAGE IF 80% COINSURANCE

Answer 5

30DAYS FOR NEWLY AQUIRED BLDG AND PERSONAL PROPERTY
10K FOR PERSONAL PROPERTY TEMP OF PREMISES
1000 FOR ATTACHED SIGNS

Question 6

ADDITIONS FOR BLDG AND PROPERTY COVERAGE

Answer 6

30DAYS FOR PRESERVATION
25% ACTUAL DEBRIS REMOVAL + 10K IF NEEDED
2.5K FOR ELECTRONIC DATA PER YEAR

Question 7

COMMERCIAL CONDO MASTER POLICY

Answer 7

PERSONAL PROPERTY OWNED BY THE ASSOCIATION AND THE BLDG

Question 8

COMMERCIAL CONDO UNIT OWNER COVERS:

Answer 8

BUISNESS PERSONAL PROPERTY

Question 9

THE 2 BUSINESS INTERRUPTION COVERAGE

Answer 9

BUSINESS INCOME COVERAGE(RETAURANTS, BOWLING, GROCERY STORE)

EXTRA EXPENSES COVERAGE: (BURNED DOWN, MOVE OPERATIONS TO ANOTHER BLDG

Question 10

CAUSES OF LOSS UNDER COMMERCIAL PROPERTY

Answer 10

BASIC-INCLUDES SINKHOLE COLLAPSE AND SPRINKLER LEAKAGE
BROAD-ADD WEIGHT OF ICE
SPECIAL-OPEN PERIL; EXCLUDES FLOOD AND EARTHQUAKE

Question 11

COMMERCIAL ENDORSEMENTS

Answer 11

ORDINANCE OR LAW
SPOILAGE
PEAK SEASON-FOR A SEASONAL INVENTORY INCREASE/TIME CONTROLLED
VALUE REPORTING-FOR FLUCTUATION IN THE VALUE OF THEIR INVENTORY