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C12 Insurance on
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C12 Insurance on Property- Midterm Questions
Study online at https://quizlet.com/_ccz4pm
1. Prestation is defined as A duty, a payment of money or ser-
vice
2. A peril is The event that caused a loss covered
by the policy
3. The definition of riot is An Act or threat of violence by one
or more persons who are part of an
assembly or three or more persons.
An event that might give rise to dam-
age to property or injury to persons.
4. Fluvial flooding is caused by the overflow of a river
5. A Chattel mortgage is a mortgage on a moveable item of
property
6. The mortgage clause A property insurance provision
granting special protection for the
interest of a mortgagee
7. A domestic water container will encompass outdoor private swimming pools or
wading pools
8. Ground water is water found in the cracks and
spaces in the soil sand and rock be-
neath the ground
9. Fungi is identified in the comprehensive and
broad forms because they are all
firks forms and therefore the term
must be described, so that is can be
excluded
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C12 Insurance on Property- Midterm Questions
Study online at https://quizlet.com/_ccz4pm
10. A residence employee is a neighbor that you pay to do
housework for you once a month.
Someone who is looking after your
elderly mother while you are work-
ing during the day. A full time cook,
who prepares breakfast and lunch
for your children and evening dinner
for the whole family.
11. In the basic fire policy, for how many days does 7 days or until the policy expires
the removal of insured property extension ap-
ply to removal of insured property from an in-
sured location?
12. Property insurance is considered First- party insurance
13. Once the insured has completed the proof of 60 days
loss, the insurer is required to respond to it and
make payment within
14. Statutory condition 13, Replacement, states 45 days from its receipt of the proof
that the insurer must begin repairing, replacing of loss
or rebuilding the damaged property within
15. The Freedom of Information and Protection of Quebec and the territories
Privacy Act (FOIPPA) applies to all provinces ex-
cept
16. Falling objects refers to an object Striking the exterior roof or walls of
the building
17. How long is the average lifespan of a domestic 10-20 years
hot-water heater?
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C12 Insurance on Property- Midterm Questions
Study online at https://quizlet.com/_ccz4pm
18. Which of the following insurance policies covers Package policy
two or more lines or types of insurance
19. What type of mortgage conveys an interest in Chattel mortgage
property other than land and buildings as se-
curity for a debt?
20. The mortgagee is required to notify the insur- 30 days
er immediately on learning of any vacancy or
non-occupancy extending beyond
21. Which of the forms offers the broadest cover- homeowners comprehensive
age?
22. The terms in the definitions clause are present- Alphabetically
ed
23. Which of the following terms restrict coverage? Exclusion
24. Under the basic and broad form, animals such theft
as fish are covered for every named peril except
impact by an aircraft, or land vehicle, and
25. Loss or damage is excluded from the Home- 30 days
owners forms if it occurs after the dwelling has,
to the insured's knowledge, been vacant for
more than
26. A homeowner losing the ability to continue to Indirect loss
rent his or her basement suite after a fire is an
example of a(n)
27. Identify the doctrine that stipulates that, if a Concurrent causation
loss to property is attributable to more than
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C12 Insurance on
Property Midterm
Practice Questions and
Answers
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C12 Insurance on Property- Midterm Questions
Study online at https://quizlet.com/_ccz4pm
1. Prestation is defined as A duty, a payment of money or ser-
vice
2. A peril is The event that caused a loss covered
by the policy
3. The definition of riot is An Act or threat of violence by one
or more persons who are part of an
assembly or three or more persons.
An event that might give rise to dam-
age to property or injury to persons.
4. Fluvial flooding is caused by the overflow of a river
5. A Chattel mortgage is a mortgage on a moveable item of
property
6. The mortgage clause A property insurance provision
granting special protection for the
interest of a mortgagee
7. A domestic water container will encompass outdoor private swimming pools or
wading pools
8. Ground water is water found in the cracks and
spaces in the soil sand and rock be-
neath the ground
9. Fungi is identified in the comprehensive and
broad forms because they are all
firks forms and therefore the term
must be described, so that is can be
excluded
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C12 Insurance on Property- Midterm Questions
Study online at https://quizlet.com/_ccz4pm
10. A residence employee is a neighbor that you pay to do
housework for you once a month.
Someone who is looking after your
elderly mother while you are work-
ing during the day. A full time cook,
who prepares breakfast and lunch
for your children and evening dinner
for the whole family.
11. In the basic fire policy, for how many days does 7 days or until the policy expires
the removal of insured property extension ap-
ply to removal of insured property from an in-
sured location?
12. Property insurance is considered First- party insurance
13. Once the insured has completed the proof of 60 days
loss, the insurer is required to respond to it and
make payment within
14. Statutory condition 13, Replacement, states 45 days from its receipt of the proof
that the insurer must begin repairing, replacing of loss
or rebuilding the damaged property within
15. The Freedom of Information and Protection of Quebec and the territories
Privacy Act (FOIPPA) applies to all provinces ex-
cept
16. Falling objects refers to an object Striking the exterior roof or walls of
the building
17. How long is the average lifespan of a domestic 10-20 years
hot-water heater?
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C12 Insurance on Property- Midterm Questions
Study online at https://quizlet.com/_ccz4pm
18. Which of the following insurance policies covers Package policy
two or more lines or types of insurance
19. What type of mortgage conveys an interest in Chattel mortgage
property other than land and buildings as se-
curity for a debt?
20. The mortgagee is required to notify the insur- 30 days
er immediately on learning of any vacancy or
non-occupancy extending beyond
21. Which of the forms offers the broadest cover- homeowners comprehensive
age?
22. The terms in the definitions clause are present- Alphabetically
ed
23. Which of the following terms restrict coverage? Exclusion
24. Under the basic and broad form, animals such theft
as fish are covered for every named peril except
impact by an aircraft, or land vehicle, and
25. Loss or damage is excluded from the Home- 30 days
owners forms if it occurs after the dwelling has,
to the insured's knowledge, been vacant for
more than
26. A homeowner losing the ability to continue to Indirect loss
rent his or her basement suite after a fire is an
example of a(n)
27. Identify the doctrine that stipulates that, if a Concurrent causation
loss to property is attributable to more than
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