RMIN 5100S FINAL EXAM 2026 QUESTIONS AND ANSWERS
RATED A+
✔✔BPP additional coverage - preservation of property - ✔✔a. When it is necessary to
move covered property to protect it from a covered cause of loss, this provides
coverage for that property while it is being moved or temporarily stored for up to 30 days
b. Coverage is broader than what the policy normally provides - pays for "any direct
physical loss or damage to that property"
c. Subject to policy limits
✔✔BPP coverage extension - newly acquired or constructed property - ✔✔a. Building -
if policy covers building(s), coverage provided for new building being built or buildings
you acquire, new/acquired building must have similar use as building in Dec or be used
as a warehouse, & provides up to $250,000 in coverage at each building
b. Your business personal property - if policy covers your business personal property,
coverage provided for property you acquire & provides up to $100,000 in coverage at
each building
c. Period of coverage - coverage expires at policy expiration, 30 days after construction
begins, 30 days after acquisition, or when values are reported to insurer
✔✔BPP additional coverage - fire department service charge - ✔✔(up to $1000 at each
premises)
a. Pays fire department service charges if they are required by local ordinance or
assumed by contract or agreement prior to loss
b. Limit is $1000 for service at each premises in Declarations unless a higher limit is
shown in the Declarations
c. For coverage to apply, the fire department must be responding to a covered cause of
loss
d. In addition to policy limits
✔✔BPP coverage extension - personal effects and property of others - ✔✔a. Provides
up to $2500 per location for: personal effects owned by insured, partners, members,
managers, or employees & personal property in your care, custody, and control
b. DOES NOT APPLY TO LOSS OR DAMAGE FROM THEFT
✔✔BPP additional coverage - pollutant clean-up and removal - ✔✔($10,000 aggregate)
a. Pays expenses to extract pollutants from land or water at the described premises
b. Coverage only applies if the release, discharge, dispersal, seepage, migrations, or
escape of the pollutants is the result of a covered cause of loss
c. Limit for each location is $10,000 in aggregate over the policy period
✔✔BPP coverage extension - valuable papers and records (other than electronic data) -
✔✔a. Covers the cost of blank materials and labor to replace/restore valuable records
for which there is no duplicate
b. Does NOT apply to electronic data
,c. Provides up to $2500 per location
d. Must be caused by covered cause of loss from Basic/Broad forms
e. Valuable papers include accounts receivable, legal documents, medical records, etc
✔✔BPP additional coverage - increased cost of construction - ✔✔(up to $10,000 with
limitations)
a. If damages by a covered cause of loss, this covers the increased costs to comply
with ordinances or law regulating the repair, rebuilding or replacement of covered
buildings
b. Limit is 5% of the amount of insurance or $10,000, whichever is less
c. Coverage only applies if the RC optional coverage is selected (as opposed to ACV)
d. In addition to policy limits
✔✔BPP coverage extension - property off-premises - ✔✔a. Provides coverage for
property while it is away from described premises temporarily
b. Does not apply to property in a vehicle or in the care, custody, control of your
salespersons (unless at fair, trade show, or exhibition)
c. $10,000 limit
✔✔BPP additional coverage - electronic data - ✔✔(up to $2500)
a. Provides an aggregate limit of $2500 in coverage for electronic data regardless of the
number of locations and occurrence
b. This is an insufficient amount of coverage for any business
✔✔BPP coverage extension - outdoor property - ✔✔a. Covers outdoor fences, radio &
television antennas, satellite dishes, and trees/plants/shrubs
b. Limit is $1000, but not more that $250 for any tree, plant, or shrub
c. Coverage only provided for losses caused by fire, lightning, explosion, riot or civil
commotion, or aircraft
✔✔coverage extensions in BPP - ✔✔apply to property located in, on, or within 100 feet
of building shown on Declarations, must have at least 80% coinsurance or a Value
Reporting period symbol is shown on the Declarations, & coverage extensions are
payable in addition to stated policy limits
✔✔BPP coverage extension - non-owned detached trailers - ✔✔a. Extends your
business personal property to include trailers (but not their contents) in care, custody,
and control of insured
b. Does not apply to trailers while attached to a motor vehicle or that become detached
from a motor vehicle during hitching/un-hitching**
c. Only applies if you have a contractual responsibility to pay for loss to trailer
d. $5000 limit
, ✔✔BPP coverage extension - business personal property temporarily in portable
storage units - ✔✔a. Provides coverage for your business personal property while
temporarily stored in a portable storage unit or trailer
b. Must be stored within 100 feet of the described location
c. Coverage ends 90 days after property is placed in the unit
d. $10,000 limit
✔✔causes of loss forms - ✔✔are attached to the policy to show what perils are covered
(BPP shows what property is covered)
3 different forms: basic form (named perils), broad form (named perils), & special form
(open perils)
✔✔covered causes of loss basic form - ✔✔1. Fire
2. Lightning
3. Explosion
4. Windstorm or hail
5. Smoke
6. Aircraft or vehicles
7. Riot or civil commotion
8. Vandalism
9. Sprinkler leakage
10. Sinkhole collapse
11. Volcanic action
✔✔covered causes of loss broad form - ✔✔1. Fire
2. Lightning
3. Explosion
4. Windstorm or hail
5. Smoke
6. Aircraft or vehicles
7. Riot or civil commotion
8. Vandalism
9. Sprinkler leakage
10. Sinkhole collapse
11. Volcanic action
12. Falling objects
13. Weight of snow, ice or sleet
14. Water damage
✔✔covered perils in basic and broad forms - fire - ✔✔for most, fire poses greatest risk
for large/total loss, covers resulting damages as well (heat, smoke, water damage from
fire department)
RATED A+
✔✔BPP additional coverage - preservation of property - ✔✔a. When it is necessary to
move covered property to protect it from a covered cause of loss, this provides
coverage for that property while it is being moved or temporarily stored for up to 30 days
b. Coverage is broader than what the policy normally provides - pays for "any direct
physical loss or damage to that property"
c. Subject to policy limits
✔✔BPP coverage extension - newly acquired or constructed property - ✔✔a. Building -
if policy covers building(s), coverage provided for new building being built or buildings
you acquire, new/acquired building must have similar use as building in Dec or be used
as a warehouse, & provides up to $250,000 in coverage at each building
b. Your business personal property - if policy covers your business personal property,
coverage provided for property you acquire & provides up to $100,000 in coverage at
each building
c. Period of coverage - coverage expires at policy expiration, 30 days after construction
begins, 30 days after acquisition, or when values are reported to insurer
✔✔BPP additional coverage - fire department service charge - ✔✔(up to $1000 at each
premises)
a. Pays fire department service charges if they are required by local ordinance or
assumed by contract or agreement prior to loss
b. Limit is $1000 for service at each premises in Declarations unless a higher limit is
shown in the Declarations
c. For coverage to apply, the fire department must be responding to a covered cause of
loss
d. In addition to policy limits
✔✔BPP coverage extension - personal effects and property of others - ✔✔a. Provides
up to $2500 per location for: personal effects owned by insured, partners, members,
managers, or employees & personal property in your care, custody, and control
b. DOES NOT APPLY TO LOSS OR DAMAGE FROM THEFT
✔✔BPP additional coverage - pollutant clean-up and removal - ✔✔($10,000 aggregate)
a. Pays expenses to extract pollutants from land or water at the described premises
b. Coverage only applies if the release, discharge, dispersal, seepage, migrations, or
escape of the pollutants is the result of a covered cause of loss
c. Limit for each location is $10,000 in aggregate over the policy period
✔✔BPP coverage extension - valuable papers and records (other than electronic data) -
✔✔a. Covers the cost of blank materials and labor to replace/restore valuable records
for which there is no duplicate
b. Does NOT apply to electronic data
,c. Provides up to $2500 per location
d. Must be caused by covered cause of loss from Basic/Broad forms
e. Valuable papers include accounts receivable, legal documents, medical records, etc
✔✔BPP additional coverage - increased cost of construction - ✔✔(up to $10,000 with
limitations)
a. If damages by a covered cause of loss, this covers the increased costs to comply
with ordinances or law regulating the repair, rebuilding or replacement of covered
buildings
b. Limit is 5% of the amount of insurance or $10,000, whichever is less
c. Coverage only applies if the RC optional coverage is selected (as opposed to ACV)
d. In addition to policy limits
✔✔BPP coverage extension - property off-premises - ✔✔a. Provides coverage for
property while it is away from described premises temporarily
b. Does not apply to property in a vehicle or in the care, custody, control of your
salespersons (unless at fair, trade show, or exhibition)
c. $10,000 limit
✔✔BPP additional coverage - electronic data - ✔✔(up to $2500)
a. Provides an aggregate limit of $2500 in coverage for electronic data regardless of the
number of locations and occurrence
b. This is an insufficient amount of coverage for any business
✔✔BPP coverage extension - outdoor property - ✔✔a. Covers outdoor fences, radio &
television antennas, satellite dishes, and trees/plants/shrubs
b. Limit is $1000, but not more that $250 for any tree, plant, or shrub
c. Coverage only provided for losses caused by fire, lightning, explosion, riot or civil
commotion, or aircraft
✔✔coverage extensions in BPP - ✔✔apply to property located in, on, or within 100 feet
of building shown on Declarations, must have at least 80% coinsurance or a Value
Reporting period symbol is shown on the Declarations, & coverage extensions are
payable in addition to stated policy limits
✔✔BPP coverage extension - non-owned detached trailers - ✔✔a. Extends your
business personal property to include trailers (but not their contents) in care, custody,
and control of insured
b. Does not apply to trailers while attached to a motor vehicle or that become detached
from a motor vehicle during hitching/un-hitching**
c. Only applies if you have a contractual responsibility to pay for loss to trailer
d. $5000 limit
, ✔✔BPP coverage extension - business personal property temporarily in portable
storage units - ✔✔a. Provides coverage for your business personal property while
temporarily stored in a portable storage unit or trailer
b. Must be stored within 100 feet of the described location
c. Coverage ends 90 days after property is placed in the unit
d. $10,000 limit
✔✔causes of loss forms - ✔✔are attached to the policy to show what perils are covered
(BPP shows what property is covered)
3 different forms: basic form (named perils), broad form (named perils), & special form
(open perils)
✔✔covered causes of loss basic form - ✔✔1. Fire
2. Lightning
3. Explosion
4. Windstorm or hail
5. Smoke
6. Aircraft or vehicles
7. Riot or civil commotion
8. Vandalism
9. Sprinkler leakage
10. Sinkhole collapse
11. Volcanic action
✔✔covered causes of loss broad form - ✔✔1. Fire
2. Lightning
3. Explosion
4. Windstorm or hail
5. Smoke
6. Aircraft or vehicles
7. Riot or civil commotion
8. Vandalism
9. Sprinkler leakage
10. Sinkhole collapse
11. Volcanic action
12. Falling objects
13. Weight of snow, ice or sleet
14. Water damage
✔✔covered perils in basic and broad forms - fire - ✔✔for most, fire poses greatest risk
for large/total loss, covers resulting damages as well (heat, smoke, water damage from
fire department)
