BOP Exam Questions and Answers22
Which of the following could be a feature of unimproved land? - ANSWERS -An abandoned shed
A condemned barn
Water**********
Residence under construction
Which of the following types of policies may include a retroactive date? - ANSWERS -Neither an
occurrence policy no a claims-made policy
An occurrence policy
A claims-made policy*******
Both an occurrence policy and claims-made policy
An extended reporting period (ERP) is available under which type of policy? - ANSWERS -A
claims-made policy
Business personal property is defined as - ANSWERS -The contents of insured buildings
Pollutant Cleanup - ANSWERS -$0
,Most an insurer will pay - ANSWERS -aggregate limits
Extended business income - ANSWERS -60 days
business personal property rather that building coverage - ANSWERS -restroom fixtures
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? - ANSWERS -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? - ANSWERS -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 - ANSWERS -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 - ANSWERS -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? - ANSWERS -An individual who installs steam boilers
A swimming pool installer
A general contractor
Which of the following could be a feature of unimproved land? - ANSWERS -An abandoned shed
A condemned barn
Water**********
Residence under construction
Which of the following types of policies may include a retroactive date? - ANSWERS -Neither an
occurrence policy no a claims-made policy
An occurrence policy
A claims-made policy*******
Both an occurrence policy and claims-made policy
An extended reporting period (ERP) is available under which type of policy? - ANSWERS -A
claims-made policy
Business personal property is defined as - ANSWERS -The contents of insured buildings
Pollutant Cleanup - ANSWERS -$0
,Most an insurer will pay - ANSWERS -aggregate limits
Extended business income - ANSWERS -60 days
business personal property rather that building coverage - ANSWERS -restroom fixtures
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? - ANSWERS -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? - ANSWERS -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 - ANSWERS -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 - ANSWERS -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? - ANSWERS -An individual who installs steam boilers
A swimming pool installer
A general contractor
