CIC Commercial Property - Inland Marine Coverage Exam Questions and Answers

CIC Commercial Property - Inland Marine Coverage Exam Questions and Answers What is Commercial Inland Marine? - Answer ️️ Imports, Exports, Domestic Shipments, Instrumentalities for Transportation, Personal Property Floater and Commercial Floater Two types of property that can be included on the inland marine? - Answer ️️ Tangible and Intangible Property Types of Inland Marine Policies? - Answer ️️ Builders Risk, Installation Floater, Contractors Equipment, and Transportation What is Builders Risk? - Answer ️️ Insures everyone in the project with insurable interest, has a waiver of subrogation Typical Exposures in a Builders Risk Policy? - Answer ️️ Foundation, Fixtures and Machinery, Materials and Supplies, In CC or C, Transit, Debris Removal, Soft Costs, Spoilage Limit of Transit Coverage on Builders Risk Policy - Answer ️️ $5,000 can be endorsed or separate coverage