Unit 12

In the commercial article coverage form additional acquired property is automatically covered if it is a type of property already covered by the form for up to

30 days

If the insurance company request a proof of loss on a commercial inland marine claim, the insured must submit it within

60 days

The insured accounting records are destroyed in a fire, which of the following losses would not be covered under the insured account receivables coverage form

A loss that required an audit of records to prove its existence

An inland Marine coverage that insures against the loss to machinery equipment, building materials and supplies in transit to be or being used with or during the course of installation testing building re-innovating or repair is also known as

An installation policy

What is the inland marine transportation form that protects all of the insured, incoming or outgoing shipment during the year against loss while in transit?

Annual transit policy

Which of the following is covered in the equipment dealers coverage form

Construction equipment

A contractor is wanting coverage for tools and machinery at various job sites around the city. Which policy would best cover the insured for this situation?

Contractors equipment floater

Which of these losses would NOT be covered under the signs coverage form?

During installation, several tubes in the insured's fluorescent sign are damaged

Which of the following is not a category that represents eligible risk for commercial inland, marine insurance?

ExportS

Which of the following policies became known as floater since the property to which coverage was originally extended, was literally floating

Inland marine insurance

All of the following are examples of instrumentalities of transportation and communication, except

Mobile equipment

Which inland marine transportation form protects the truck carrier for liability arising out of the transportation of cargo

Motor Truck Cargo Policy

Which of the following is not covered in the jewelers block coverage form

Property worn by the insured

A Bailee's customer policy covers?

The Baylor for damage to the property when it leaves the bailor's custody

Which of the following statements about commercial inland marine insurance coverages is not correct

They are never included in a commercial package policy

Domestic shipments inland, marine, transportation forms cover shipments, traveling by all of the following, except

car

The Bailee policy pays

customer

Sally left her fur coat at a dry cleaner to have it, cleaned and returned to her. This is an example of bailment in this example which of the following is the Bailee

dry cleaner

A loss is covered under a commercial inland marine form and another policy. Both policies are written on the same basis. The commercial inland marine form will

pay on a pro rata basis

Which of the following is not an example of a category of risk in commercial inland, marine insurance?

personal inland marine insurance