BOP Exam (questions and answers) A+
rated already passed
A computer installed in a truck that an insured uses exclusively in his business to
make deliveries is damaged in a collision. What coverage for this loss is provided
by the insured's Businessowners policy? - correct answer ✔✔It is covered as
business personal property*****
It is covered under the automobile coverage extension
It is not covered
It is covered under the policy's building coverage
An insured under a Businessowners policy who operates a small restaurant is
concerned about losing perishable food stock in the event of a power outage.
What endorsement could the insured's producer recommend? - correct answer
✔✔Protective Safeguards endorsement
Mechanical Breakdown optional coverage
Spoilage Coverage endorsement *********
Removal of Utility Outage Exclusion endorsement
,The consideration clause is the part of the policy in which - correct answer
✔✔Basic information, such as the policy number, name of the insurance
company, names of the insureds, and the insured business address, is stated.
Coverage extensions such as pollutant cleanup and removal are defined
The insurance company agrees to provide coverage in return for premium
payments by the insured********F
The method of property valuation is detailed
All of the following losses would be covered by a Businessowners policy EXCEPT -
correct answer ✔✔An insured's building is damaged by exposure to excess
moisture for over a year
A windstorm brought down a tree next to the insured's building which made a
hole in the roof
The exterior walls of the insured's building were defaced during a civil
disturbance***********
Though nothing actually caught fire, smoke from smoldering carpet rendered
office furniture unusable
, Which of the following contractors would typically be able to purchase
Businessowners coverage? - correct answer ✔✔An individual who installs steam
boilers
A swimming pool installer
A general contractor
A plumbing service and repair company******
All of the following statements about the coverage provided by a Businessowners
policy for medical payments are true EXCEPT - correct answer ✔✔The policy
covers only injuries for which the insured is at fault********
Covered expenses include the cost of a funeral if the injury results in death
Medical expenses are covered without regard to liability
Only injuries that arise from accidents that occur during the policy period are
covered
An insured under a BOP policy has failed to pay the premium, and November 1,
the insurer serves notice that it is cancelling the policy for that reason. What is the
earliest dat that cancellation of the coverage can be made effective? - correct
answer ✔✔November 4
rated already passed
A computer installed in a truck that an insured uses exclusively in his business to
make deliveries is damaged in a collision. What coverage for this loss is provided
by the insured's Businessowners policy? - correct answer ✔✔It is covered as
business personal property*****
It is covered under the automobile coverage extension
It is not covered
It is covered under the policy's building coverage
An insured under a Businessowners policy who operates a small restaurant is
concerned about losing perishable food stock in the event of a power outage.
What endorsement could the insured's producer recommend? - correct answer
✔✔Protective Safeguards endorsement
Mechanical Breakdown optional coverage
Spoilage Coverage endorsement *********
Removal of Utility Outage Exclusion endorsement
,The consideration clause is the part of the policy in which - correct answer
✔✔Basic information, such as the policy number, name of the insurance
company, names of the insureds, and the insured business address, is stated.
Coverage extensions such as pollutant cleanup and removal are defined
The insurance company agrees to provide coverage in return for premium
payments by the insured********F
The method of property valuation is detailed
All of the following losses would be covered by a Businessowners policy EXCEPT -
correct answer ✔✔An insured's building is damaged by exposure to excess
moisture for over a year
A windstorm brought down a tree next to the insured's building which made a
hole in the roof
The exterior walls of the insured's building were defaced during a civil
disturbance***********
Though nothing actually caught fire, smoke from smoldering carpet rendered
office furniture unusable
, Which of the following contractors would typically be able to purchase
Businessowners coverage? - correct answer ✔✔An individual who installs steam
boilers
A swimming pool installer
A general contractor
A plumbing service and repair company******
All of the following statements about the coverage provided by a Businessowners
policy for medical payments are true EXCEPT - correct answer ✔✔The policy
covers only injuries for which the insured is at fault********
Covered expenses include the cost of a funeral if the injury results in death
Medical expenses are covered without regard to liability
Only injuries that arise from accidents that occur during the policy period are
covered
An insured under a BOP policy has failed to pay the premium, and November 1,
the insurer serves notice that it is cancelling the policy for that reason. What is the
earliest dat that cancellation of the coverage can be made effective? - correct
answer ✔✔November 4
