(A) Limits a bailee’s liability for damages to the property of others in the bailee’s care, custody, and control. (B) Is intended to defeat a bailee’s attempts to limit its liability for damages to property insured by the bailor. (C) ...

ABC Corporation is insured under a Business and Personal Property Coverage Form that specifies a $4 million limit of insurance on the building and a $500,000 limit on business personal property at the building’s address. The policy has a $10,000 ...

(A) The type(s) of property covered. (B) Only the Special Form offers additional coverage for fungus and collapse. (C) The number of perils listed in each causes of loss form. (D) The Basic Form names the perils covered while the ...

(A) The description of the covered property. (B) The list of mortgagees, if any. (C) The list of optional coverages, if any. (D) The cancellation provisions. (E) The policy period.

I. FAIR plans make property insurance coverage available for exposures located in areas underserved by the voluntary market. II. FAIR plans are uniform in methods of operation and products offered in all states. III. FAIR plans require covered property to ...

(A) Motor vehicle in dead storage on an insured location. (B) Motor vehicle powered by one or more batteries that cannot exceed five miles per hour on level ground that is designed as a toy for use by children under ...

I. The condition applies insurance separately to each insured. II. The condition does not increase the insurer’s limit of liability for any one occurrence. III. The condition allows the policy to cover a claim brought by one insured against another ...

(A) Intentional injuries. (B) Business activities. (C) Transmission of a communicable disease. (D) The gradual yet accidental seepage of pollutants from the insured’s septic system into the neighborhood water supply. (E) Injuries caused by operation of a motor vehicle registered ...

Spencer has a Homeowners HO-3 policy that provides $320,000 of insurance on his dwelling, which has a current replacement value of $500,000. Ignoring any deductible, how much will Spencer collect if his kitchen with a replacement value of $30,000 but ...

One of the Conditions in Homeowners HO-3 (the Special Form) lists the insured’s duties after a property loss. Which of the following statements concerning this condition is true? (A) The insured’s claim representative might not require that all of these duties ...