Commercial Inland Marine and Farm Coverage

Commercial Inland Marine and Farm Coverage

Assessment

Flashcard

Business

Professional Development

Hard

Created by

Eddie Emmett

FREE Resource

Student preview

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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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