
Commercial Inland Marine and Farm Coverage

Flashcard
•
Business
•
Professional Development
•
Hard
Eddie Emmett
FREE Resource
Student preview

70 questions
Show all answers
1.
FLASHCARD QUESTION
Front
What does the Commercial Inland Marine Conditions Form cover?
Back
Standard provisions governing inland marine policies, including valuation, loss settlement, duties after loss, and appraisal.
2.
FLASHCARD QUESTION
Front
What is an example of a duty after loss in a photography studio?
Back
A photography studio must submit proof of ownership for damaged camera gear.
3.
FLASHCARD QUESTION
Front
What does the Accounts Receivable coverage form protect against?
Back
Loss of receivables due to destruction of records.
4.
FLASHCARD QUESTION
Front
Give an example of Accounts Receivable coverage in action.
Back
A fire destroys client billing files.
5.
FLASHCARD QUESTION
Front
What does the Bailee’s Customer coverage form cover?
Back
Customer property in the insured’s care.
6.
FLASHCARD QUESTION
Front
Provide an example of Bailee’s Customer coverage.
Back
A dry cleaner’s fire damages customer garments.
7.
FLASHCARD QUESTION
Front
What does the Commercial Articles coverage form include?
Back
Covers cameras, musical instruments, and related equipment.
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