Alabama Property & Casualty: Commercial Property (With complete solution)

The ________________ condition states that an act/neglect by any individual, other than the insured, beyond the insured's control will not affect insurance. correct answers control of property T/F: If an insured breaches a condition with regard to a specific location, all locations are affected. correct answers false When other insurance is written on the same basis, the ______ method is used in any loss settlement, correct answers pro rata The coverage territory is ____________, ___________, and ___________. correct answers USA, Puerto Rico, Canada __________ is the intentional concealment or misrepresentation of a material fact. correct answers Fraud The _________ condition states that any revision that broadens coverage without requiring extra premium will automatically apply when adopted by insurer within policy or within 45 days. correct answers liberalization Extraction of pollutants from land or water is/is not covered in the Debris Removal additional coverage. correct answers is not Debris removal expense is limited to ___% of the amt paid for direct loss to covered property plus deductible. correct answers 25 If debris removal expense exceeds 25% limitation, the company may pay an additional $___________. correct answers 10,000 Fire Dept Service Charge paid for Commercial Property Coverage is $__________. correct answers 1000 Pollutant Cleanup and Removal is covered if pollution was caused by a covered ______________. correct answers peril Pollutant cleanup and removal coverage is subject to a $__________ limit per policy period. correct answers 10,000 Increased cost of construction additional coverage requires that the building is insured on a ____________. correct answers replacement cost basis