GEORGIA PROPERTY AND CASUALTY UPDATED
QUESTIONS AND ANSWERS GRADED A+
✔✔Property Coverage A. - ✔✔Dwelling
✔✔Property Coverage B. - ✔✔Other structures
✔✔Property Coverage C. - ✔✔Personal Property
✔✔Property Coverage D. - ✔✔Fair Rent Value
✔✔Property Coverage E. - ✔✔Additional Living Expense
✔✔Max time limit during which multiple volcanic activities can be counted as one
occurence. - ✔✔72 hours
✔✔Under Dwelling policy, Coverage C, personal property is limited to covering a
servant's property while - ✔✔at the insured location.
✔✔Personal property being moved to a new location can be covered for - ✔✔up to 30
days without notifying the insurer.
✔✔How soon after the insurer receives proof of loss must it make payment? - ✔✔60
days
✔✔Under dwelling policy, if an insurer chooses to repair or replace damaged or lost
property, it must inform the insured within - ✔✔
✔✔Within how many years of a loss may an insured bring a lawsuit against an insurer,
according to dwelling policy? - ✔✔2 years
✔✔A businessowners policy is - ✔✔A self-contained pre-packaged policy
✔✔Which would be covered under the Film Coverage Form: Deterioration of a film;
Exposure of a negative film to light; Electrical erasure of a tape? - ✔✔None of these are
covered.
✔✔A commercial property special form covers property in transit up to - ✔✔$5000
✔✔Which Inland Marine Form would provide the best protection for a dry cleaning
company against loss or damage to their customer's property while in the care, custody,
and control of the dry cleaners? - ✔✔Bailee's Customer Policy
QUESTIONS AND ANSWERS GRADED A+
✔✔Property Coverage A. - ✔✔Dwelling
✔✔Property Coverage B. - ✔✔Other structures
✔✔Property Coverage C. - ✔✔Personal Property
✔✔Property Coverage D. - ✔✔Fair Rent Value
✔✔Property Coverage E. - ✔✔Additional Living Expense
✔✔Max time limit during which multiple volcanic activities can be counted as one
occurence. - ✔✔72 hours
✔✔Under Dwelling policy, Coverage C, personal property is limited to covering a
servant's property while - ✔✔at the insured location.
✔✔Personal property being moved to a new location can be covered for - ✔✔up to 30
days without notifying the insurer.
✔✔How soon after the insurer receives proof of loss must it make payment? - ✔✔60
days
✔✔Under dwelling policy, if an insurer chooses to repair or replace damaged or lost
property, it must inform the insured within - ✔✔
✔✔Within how many years of a loss may an insured bring a lawsuit against an insurer,
according to dwelling policy? - ✔✔2 years
✔✔A businessowners policy is - ✔✔A self-contained pre-packaged policy
✔✔Which would be covered under the Film Coverage Form: Deterioration of a film;
Exposure of a negative film to light; Electrical erasure of a tape? - ✔✔None of these are
covered.
✔✔A commercial property special form covers property in transit up to - ✔✔$5000
✔✔Which Inland Marine Form would provide the best protection for a dry cleaning
company against loss or damage to their customer's property while in the care, custody,
and control of the dry cleaners? - ✔✔Bailee's Customer Policy
