Which of the following is not covered on the commercial property basic cause of loss form?

The Commercial basic Cause of Loss Form does not cover which of the following perils? Collapse is not covered under which of the following property forms? The Basic Cause of Loss Form does not cover collapse. The Broad and Special Forms for all property policies covers collapse as an additional coverage.

Which of the following is covered under the basic cause of Loss form under the commercial property coverage part?

The basic causes of loss form (CP 10 10) provides coverage for the following named perils: fire, lightning, explosion, smoke, windstorm, hail, riot, civil commotion, aircraft, vehicles, vandalism, sprinkler leakage, sinkhole collapse, and volcanic action.

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Which Coverage form may not be added to the commercial property coverage part?

Which coverage form may not be added to the Commercial Property Coverage Part? There is no Commercial Dwelling Coverage Form. One to four family dwellings are covered under the Dwelling Policy Program.

Which of the following is not considered a covered peril under the basic cause of loss form?

The Basic Cause of Loss Form does not cover water damage. Another Cause of Loss Form must accompany the Earthquake Cause of Loss Form. Which of the following statements about the CPP is incorrect?

Which of the following would not be covered under a Builders Risk coverage form?

A builders risk coverage form provides protection against losses on the building, equipment, and supplies, but not to accidents on the job, the land, scaffolding, and theft. The policy does not cover war, nuclear hazards, extreme weather, or government seizure.

Which of the following is not covered under the BOP?

BOPs do NOT cover professional liability, auto insurance, worker’s compensation or health and disability insurance. You’ll need separate insurance policies to cover professional services, vehicles and your employees.

Which of the following is not covered under equipment breakdown coverage?

The Equipment Breakdown Protection coverage form excludes MOST explosions; however, an Exception is made for explosions caused by centrifugal force. Wind, Fire, and Nuclear Hazard are all considered exclusions.

Which of the following is not covered by basic property insurance?

Many things that aren’t covered under your standard policy typically result from neglect and a failure to properly maintain the property. Termites and insect damage, bird or rodent damage, rust, rot, mold, and general wear and tear are not covered.

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Which of the following property may not be covered under a building and personal property coverage form?

Building and personal property coverage form excludes claims for loss or damage to land, water, bridges, roadways, and underground pipes or drains. The policy also excludes any loss to plants, crops, trees and shrubs. … Vehicles, watercraft, and aircraft—unless specifically named as insured property—are also excluded.

Which of the following is not covered under the building and personal property coverage form a?

Which of the following property is not covered under the Building and Personal Property Coverage Form? Electronic data Electronic data, including information, facts, and computer programs and the cost to replace or restore the electronic information is not covered.

Which of the following is not covered if the insured has basic peril coverage?

Which of the following is true under the Dwelling policy? The Basic Form covers the perils of fire, lightning and internal explosion – The Basic Form is written on a named perils basis and does not cover theft, or loss to trees, shrubs, and plants.

Which of the following is covered under a dwelling policy?

Dwelling insurance, also known as dwelling coverage or Coverage A, is the portion of your homeowners policy that covers repairing or rebuilding your home after it’s damaged by a covered peril, such as fire.

Which of the following would not be excluded under Coverage A of the CGL?

Which of the following is NOT excluded under Part A of the CGL form? The mobile equipment exclusion applies to the transportation of mobile equipment by the insured. However operation of mobile equipment is not excluded unless for racing or stunting.

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Which of the following Cannot be included in a commercial package policy?

This policy may include coverage for liability, automobiles, crime, and other major lines of insurance. Workers compensation is not eligible for inclusion in the commercial package policy and must be issued separately.

What is commercial builders risk insurance?

Builders Risk Insurance is a vital coverage solution for any construction project. It protects the insurable interest that midsized and large construction companies have in materials, fixtures and/or equipment during the construction or renovation of a building or structure.

What is not found in a commercial package policy?

Commercial package policies can’t include certain items like workers’ compensation or directors-and-officers insurance. Workers’ compensation insurance is required by law and must be purchased as a separate policy. Directors-and-officers policies are necessary for non-profit organizations.