Other Property types Flashcards
What best describes a trembling or shaking of the earth that is volcanic or seismic in origin?
Earthquake
In an insured covered under a Mobile Homeowners Policy moves the mobile home to protect it from a covered peril, the policy will pay up to
$500
A business owners policy is a
Self-contained prepackaged policy
A mobile homeowners policy is structured the same as a
Homeowners policy
An insured covered under a mobile homeowners policy wants to move the location of the covered mobile home. Which of the following must be obtained from the insurer?
Transportation/Permission to Move endorsement
An insured purchases a Differences in Conditions policy. It may contain all of the following characteristics EXCEPT
A low deductible
To be eligible for BOP coverage, an office building CANNOT be higher than
6 stories.
A ranchowners policy is most similar to which of the following?
Homeowners
What is true about DIC policies?
Each DIC policy is an individually written contract that contains provisions
Which of the following risks is eligible for coverage under a BOP?
Condominiums
A Businessowners policy (BOP) is most similar to
Homeowners
Which of the following is NOT true about earthquake coverage?
Coverage is commonly provided through a federally-funded program
