Commercial Property Insurance

Question 1

debris removal commercial policy

Answer 1

25%

Question 2

Special Causes of Loss Form

Answer 2

Coverage is provided for losses caused by Risks of Direct Physical Loss except as specifically limited or excluded

Question 3

common policy conditions

Answer 3

Cancellation, changes, and examinations of books and records are also common policy conditions.

Question 4

Outdoor signs

Answer 4

Not attached to building are excluded, except limited coverage under outdoor property which does not cover wind losses

Question 5

liberalization

Answer 5

is a condition of the property section

Question 6

at least what % square footage or vacant

Answer 6

31%

Question 7

Tenants improvements

Answer 7

are covered under business personal property not personal prperty of thers coverage

Question 8

interline

Answer 8

coordinate commerical property to aviod duplication

Question 9

hay and grain

Answer 9

is covered inside a building

Question 10

agreed value

Answer 10

does not automatically renew so they must select it each time

Question 11

damage by bacteria

Answer 11

12 months after covered peril 15K limit

Question 12

Legal Liability Coverage Form

Answer 12

covers loss or damage to real or personal property of others that is in the insured’s care. Not Bailee

Question 13

outdoor signs attached

Answer 13

$2500 covered up to

Question 14

period of restoration

Answer 14

72 hrs after time of loss EXTRA EXPENSE FORM