Texas State Property and Casualty Insurance Policies Test With Complete Solution

The businessowners policy liability coverage will pay for necessary medical expenses of others within what maximum time period? - Answer 1 Year Which of the following covers a carrier for liability for loss to cargo while it is being transported in a truck? - Answer Moto truck cargo policy- truckers form In which of the following types of property valuation will the policy pay the full value specified on the policy schedule, regardless of the insured property's appreciation or depreciation? - Answer Agreed Value If the actual values exceed the limit of insurance, the buisnessowners policy (BOP) contains a seasonal increase provision that automatically increases the limit of insurance for business personal property by - Answer 25% In which type of commercial crime policy coverage is triggered by a loss that happens during the policy period but is not necessarily discovered during the policy period? - Answer Loss sustained form Under the dwelling policy, if an insurer chooses to repair or replace damaged or lost property, it must inform the insured within how many days of receiving proof of loss? - Answer 30 Days Under a dwelling policy, which of the following is NOT a factor in determining a loss? - Answer The amount negotiated by the insured