9 COMMERCIAL INS / PROPERTY FORMS Flashcards
COMMERCIAL PROPERTY COVERAGE B
BUSINESS PERSONAL PROPERTY
STOCK
FURNITURE
FIXTURES
COMMERCIAL PROPERTY COVERAGE A
PERMANENT FIXTURES
LAWNMOWERS AND ITEMS USED TO SERVICE PROPERTY
BUILDING
OTHER STRUCTURES ON PREMISES
COMMERCIAL PROPERTY COVERAGE C
PERSONAL PROPERTY OF OTHERS
WITHIN 100`
$2500 LIMIT
NOT BAILEE CUSTOMERS PROPERTY
COMMERCIAL PROPERTY NOT COVERED
AIRCRAFT
FOUNDATIONS
MONEY
PROPERTY INSURED ELSE WHERE
WHAT IS EXCLUDED ON BUSINESS AND PERSONAL PROPERTY
LAND, FOUNDATION PIPES, DRAINS
MONEY, SECURITIES
DETACHED SIGNS
BAILEE PROPERTY
EXTENDED COVERAGE IF 80% COINSURANCE
30DAYS FOR NEWLY AQUIRED BLDG AND PERSONAL PROPERTY
10K FOR PERSONAL PROPERTY TEMP OF PREMISES
1000 FOR ATTACHED SIGNS
ADDITIONS FOR BLDG AND PROPERTY COVERAGE
30DAYS FOR PRESERVATION
25% ACTUAL DEBRIS REMOVAL + 10K IF NEEDED
2.5K FOR ELECTRONIC DATA PER YEAR
COMMERCIAL CONDO MASTER POLICY
PERSONAL PROPERTY OWNED BY THE ASSOCIATION AND THE BLDG
COMMERCIAL CONDO UNIT OWNER COVERS:
BUISNESS PERSONAL PROPERTY
THE 2 BUSINESS INTERRUPTION COVERAGE
BUSINESS INCOME COVERAGE(RETAURANTS, BOWLING, GROCERY STORE)
EXTRA EXPENSES COVERAGE: (BURNED DOWN, MOVE OPERATIONS TO ANOTHER BLDG
CAUSES OF LOSS UNDER COMMERCIAL PROPERTY
BASIC-INCLUDES SINKHOLE COLLAPSE AND SPRINKLER LEAKAGE
BROAD-ADD WEIGHT OF ICE
SPECIAL-OPEN PERIL; EXCLUDES FLOOD AND EARTHQUAKE
COMMERCIAL ENDORSEMENTS
ORDINANCE OR LAW
SPOILAGE
PEAK SEASON-FOR A SEASONAL INVENTORY INCREASE/TIME CONTROLLED
VALUE REPORTING-FOR FLUCTUATION IN THE VALUE OF THEIR INVENTORY