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questions with answers |\ |\
Which of the following personal auto coverages would pay
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for the insured's travel expenses and loss of earnings
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while involved in the settlement process of a covered
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loss? - CORRECT ANSWERS ✔✔Liability coverage
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What are the two types of compensatory damages? -
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CORRECT ANSWERS ✔✔Special and general |\ |\ |\ |\
Which part of an insurance policy covers claims-related
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expenses, reasonable expenses incurred by an insured to
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protect damaged property from further loss, or defense
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expenses? - CORRECT ANSWERS ✔✔Additional coverage |\ |\ |\ |\ |\
Which of the following policies will help an auto
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dealership cover most of its liability exposures? -
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CORRECT ANSWERS ✔✔A garage liability coverage
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Under the commercial property coverage program, the
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basic causes of loss form insures against loss caused by...
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- CORRECT ANSWERS ✔✔Sprinkler leakage
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, The businessowners policy liability coverage will pay for
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necessary medical expenses of others incurred within |\ |\ |\ |\ |\ |\ |\
what max time period? - CORRECT ANSWERS ✔✔1 year
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The insured with a claims-made commercial general
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liability (CGL) policy may request in writing claim and
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occurrence information from the insurer at any time up to |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
60 days after the policy period ends. The insurer must
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provide the information... - CORRECT ANSWERS ✔✔Within
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45 days
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In the personal auto policy, owned trailers being towed by
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an insured auto are automatically covered for - CORRECT
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ANSWERS ✔✔Uninsured motorist coverage, bodily injury, |\ |\ |\ |\ |\ |\
and property damage |\ |\
A basic dwelling policy automatically provides coverage
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against fire, lightning, and - CORRECT ANSWERS
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✔✔Internal explosion |\
Payment for medical expenses, loss of wages, funeral
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expenses, or the cost to repair or replace damaged |\ |\ |\ |\ |\ |\ |\ |\ |\
property are known as what type of compensatory |\ |\ |\ |\ |\ |\ |\ |\
damages? - CORRECT ANSWERS ✔✔Special |\ |\ |\ |\