Ains 103 Study guides, Class notes & Summaries

AINS 103 (New 2023/ 2024 Update) Exploring Commercial Insurance Exam Practice _Questions and Verified Answers_ 100% Correct_ Graded A QUESTION A carrier that is prevented by an accident from delivering the cargo aboard its ship may face an exposure called loss of freight, which is Select one: A. The compensation the carrier receives for transporting cargo. B. A penalty the carrier pays the shipper for nondelivery. C. The liability for loss or damage to the cargo entrusted to it. ...

AINS 103 (New 2023/ 2024 Update) Exploring Commercial Insurance Exam Review _ Questions and Verified Answers_ 100% Correct_ Graded A QUESTION Jenn is a producer for Goshen Mutual. She is trying to determine if a new prospect, Mr. Cooper's Café is eligible for the businessowners policy (BOP). Mr. Cooper's Café is a small restaurant located on the first floor of an office building, serving only breakfast and lunch. Cooking on the premises is limited to coffee makers, a grill, and...

AINS 103 (All Practice Questions from the Course) With Correct Answers.

AINS 103 Exam Review Questions with 100% Correct Answers | Latest Version 2024 | Expert Verified | Ace the Test

AINS 103 Exam Review Questions and Answers 100% Correct | Updated 2024

AINS 103 Test Questions & Answers Danforth Grocery Store specializes in fresh produce and is open 24 hours year-round. The store has contracts with suppliers to deliver produce and foods by 5am daily, so the parking area at the rear of the store is congested from 4:30am to 5:30am. Customer traffic is heaviest from 7am to 9am, and again from 3pm to 6pm. The store has had six slip and fall claims from customers in the past year. Danforth Grocery Store is most exposed to which one of...

AINS 103 Exam Review Questions with Verified Solutions In property insurance, the term "property in transit" refers to which one of the following? C. Property while being transported by trucks, cars, buses, trains, airplanes, and ships Extra expenses are expenses, in addition to ordinary expenses, that an organization incurs to mitigate the effects of a business interruption. Which one of the following is an example of an extra expense? B. Cost to rent temporary office space Rad...

AINS 103(All Practice Questions from the Course) NEWEST COMBINED VERSION 1,2 VERSION 2024 ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+.

AINS 103 Test Questions & Correct Answers Loss Exposure - ANSWER Any condition or situation that presents a possibility of loss, whether or not an actual loss occurs. Property Loss Exposure - ANSWER A condition that presents the possibility that a person or an organization will sustain a loss resulting from damage (including destruction, taking, or loss of use) to property in which that person or organization has a financial interest. Real Property (realty) - ANSWER Tangible prop...

AINS 103 | All Practice Questions and Answers 100% Solved Which one of the following best describes real property? Select one: Property being shipped to or from others. Business personal property that includes furniture, machinery and equipment, and stock/inventory. Tangible property that includes land, structures permanently attached to the land, and whatever is growing on the land. Vehicles, merchandise, furniture, tools, and similar items. - C. Tangible property that includ...