Personal Inland Marine Flashcards
Can guns be covered by a PAF?
No
Can outboard motors boats be covered under a PAF
No
Quality with an object the results of the objects tending to damage or destroy itself, is called:
Inherent vice
The coverage afforded by a PAF is:
All risk, worldwide
Under PDF and insured has scheduled his stamp collection. Two very rare and valuable stamp so faded so badly that their value was cut in half. Former value $10,000, new value $5000. How paid?
There is no coverage due to fading
Under a blanket PAF on coins and stamps the maximum paper corner stamp is?
$250
Under PAF coverage of fine arts is:
Valued
Under PAF scheduled coin collection, two rear gold coins scheduled at $5000 each or sit by first-class mail to be praised by an expert. Lost in the mail. PAF will:
Pay nothing
A personal articles floater has a deductible of:
No deductible
Under PAF and shirt showing part of his art collection at a local bank. The painting scheduled at $100,000 vanishes from the bank lobby, PAF pays:
Nothing, there is no coverage on display away from premises
Debbie has a set of three porcelain dolls insured for $6000 under a fine arts floater. Each doll separately has $2000 of value. If one doll is stolen, the company will:
Pay $6000 and take the remaining pieces, under fine arts the standard agreement is for the company to pay the insured value and the insured is to surrender the remaining pieces in the set
Under an inland marine policy jewelry, cameras, fine arts and silverware maybe written under separate policies or under:
Personal articles floater
A gun floater is an example of:
And uncontrolled lines floater
The personal articles floater provides automatic coverage for newly acquired jewelry for:
Maximum $10,000/30 days
