C12 Insurance on Property Exam | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+

A Typical Thunderstorm cloud can hold the potential of : 1 Million Volts Falling object refers to an object : Striking the exterior roof or walls of a building Tornadoes are covered under the named-perils or all-risk policy as they fall within what peril? : Windstorm or Hail Peril The correct term for flooding caused by rain is : Pluvial Flooding The correct term for flooding caused by the overflow of a river is : Fluvial Flooding 2 | P a g e How long is the average lifespan of a domestic hot water tank? : 10-20 years What is the scope of coverage under property insurance policy determined by? : the interplay of all its elements How does the definition of peril differ in respect to property insurance? : The perils insured against in a property policy depend on the type of property policy. What is risk? : The subject matter of insurance What is the difference between all risks coverage and named perils coverage? : Named perils covers direct physical loss or damage caused by listed perils All risks coverage covers direct physical loss or damage caused by any peril provided that the insured satisfies the conditions of the policy and the loss is not excluded. What is outlined under the exclusion list? : types of property not insured and perils never or sometimes not insured agains