Property and Casualty Insurance EXAM Questions with Answers 100% Correct || (2024) Certified!!!
Specific insurance - This type of insurance designates a particular item to be insured Blanket insurance - This type of insurance covers more than one item of property at a single location or one more items of property at multiple locations. Speculative - possibility of both gain and loss. Not insurable. Pure - only the possibility of loss. Insurable. What are the 5 methods of managing or handling risk? - avoid, control, retain, and transfer risk. Hazard - A condition or situation which increases the chance for loss Physical Hazards - a hazard that arises from the condition, occupancy, or use of the property itself. ex: skateboard left on the st
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