Alabama Insurance Exam Prep CH 13

1



Alabama Insurance Exam Prep CH 13
Each of the following is a characteristic of an eligible risk for the BOP, except:



A

Building occupies 20,000 square feet of area



B

Small business



C

Apartment building



D

Manufacturing occupancy - (answers)D



Section I - Property of the BOP covers which of the following types of property?



A

Pet animals



B

Outdoor furniture



C

Accounts, bills, and other evidences of debt

, 2




D

Land - (answers)B



Which covered causes of loss form is used for the BOP?



A

Stated Value



B

Replacement Cost



C

Open perils



D

Actual Cash Value - (answers)C



The Additional Coverage for business income pays for the actual loss of business income for up
to how many months after the date of the direct physical damage to the property?



A

12



B

, 3


24



C

6



D

18 - (answers)A



Which of the following is not covered under the BOP?



A

Business income



B

Errors or Omissions



C

Interruption of computer operations caused by a virus



D

Electronic data valued at $10,000 - (answers)B



The insured may extend up to how much of the insurance for business personal property to
property located off-premises?