francheskas review Flashcards
how many years in the fair crediting act are bankrupcies listed?
10 years
how many days must an initial written notice be sent?
three days
if a consumer requests info how many days must they disclose it?
five days
how many years for arrests or lawsuits be on the report for?
seven years
when is damage from a tree not covered?
due to freezing weather
what is the limit for the PIP?
$50,000
for commercial buildings what is the max coverage for floods?
$500,000
what is a flood?
temporary inundation of normally dry land caused by an accumulation of water
under a CPP how many parts make up a policy?
two of the four
what does the extra expense form do?
pays for the cost of business to operate at another location
what is the inchmaree clause?
an addition to hull insurance that covers damage by the bursting of boilers, and loss due to errors in navigation by the crew
what is jettison?
volunatry action to rid a ship of cargo to prevent further damage
what is excluded from PAP?
motorcycles
what is covered under a farm coverage?
farm, buildings equipment, livestock, farm operations, farm dwelling and personal property
what is burglary?
taking of property from inside the premises by a person unlawfully entering or leaving the building
