Chapter 4 Flashcards
1
Q
Endorsement
A
Changes the terms or conditions of the policy
2
Q
Rider
A
Adds additional coverages to those all ready in place
3
Q
Media
A
Materials such as DVDs, compact disks and cassettes upon which data is stored.
4
Q
Data
A
Information stored on media
5
Q
Temporary Location
A
Location not specified on the policy which is not owned or rented or controlled in whole or in part by the insured
6
Q
New Acquired Location
A
Location acquired by insured for a period of 30 days from acquisition
7
Q
Replacement Cost
A
The costs of replacement or repair of property of the same site with new property of the like kind and quality and for like occupancy without deduction for depreciation
