PERSONAL INLAND MARINE
SCHEDULED ARTICLE FLOATER CLAIMS ARE USUALLY SETTLED ON __ BASIS WITH EXCEPTIONS
WHAT IS ACTUAL CASH VALUE?
PACKAGE POLICY THAT PROVIDES BOTH PROPERTY AND LIABILITY.
WHAT IS BOATOWNERS?
NFIP STANDS FOR __.
WHAT IS NATIONAL FLOOD INSURANCE PROGRAM?
THE POLICY TERRITORY UNDER A PERSONAL UMBRELLA.
WHAT IS WORLDWIDE?
TYPE OF PROGRAM INVOLVING FEMA THAT MAKES UP 90% OF FLOOD INSURANCE POLICIES.
WHAT IS WRITE YOUR OWN?
COVERAGE IS PROVIDED ON __ PERILS BASIS, WITH FEW EXCLUSIONS.
WHAT IS OPEN?
OPEN PERILS AND ACV COVERAGE FOR HULL, MOTOR, TRAILER, EQUIPMENT AND ACCESSORIES MANUFACTURED FOR MARINE USE.
WHAT IS SECTION I?
COMMUNITIES IN FLOOD PRONE AREAS MUST HAVE AN ESTABLISHED __ TO PARTICIPATE IN NFIP.
WHAT IS FLOOD CONTROL PROGRAM?
COVERAGE IS WRITTEN AT A BASE LIMIT OF __.
WHAT IS $1 MILLION?
PROPERTY OWNERS WHO ARE UNABLE TO SECURE COVERAGE IN THE STANDARD MARKETPLACE MAY BE ELIGIBLE FOR __ PLAN.
WHAT IS FAIR?
TRUE OR FALSE: COVERAGE FOR PERSONAL JEWELRY FLOATER IS PROVIDED ON EITHER ACV OR VALUED BASIS.
WHAT IS TRUE?
SECTION II PROVIDES WATERCRAFT LIABILITY, ___ , AND UNINSURED BOATERS COVERAGE- DOES NOT INCLUDE PERSONAL INJURY LIABILITY.
WHAT IS MEDICAL PAYMENTS?
WHAT IS EMERGENCY PROGRAM?
IF THE POLICY DROPS DOWN TO COVER A LOSS NOT INSURED BY THE PRIMARY POLICY, THE INSURED PAYS WHAT?
WHAT IS SELF-INSURED RETENTION?
EARTH MOVEMENT WITHIN A 72 HOUR PERIOD ARE CONSIDERED THIS.
WHAT IS A SINGLE OCCURRENCE?
COVERAGE FOR FINE ARTS FLOATER IS ON ___ BASIS, BECAUSE THE SIGNIFICANCE CAN NOT BE PRICED.
WHAT IS VALUED?
APPLIES WHEN A BOAT IS IN STORAGE AND ALLOWS FOR A RETURN OF PREMIUM.
WHAT IS LAY UP WARRANTY?
$250K MAX FOR RESIDENTIAL BUILDINGS
$100K MAX FOR RESIDENTIAL CONTENTS
$500K MAX BUILDINGS AND CONTENTS COMMERCIAL
WHAT IS REGULAR PROGRAM?
TRUE OR FALSE: UMBRELLA POLICIES ARE WRITTEN FOR LOWER LIABILITY LIMITS.
WHAT IS FALSE?
OPEN PERILS POLICY WITH A HIGH DEDUCTIBLE DESIGNED TO FILL GAPS LIKE EARTHQUAKE, FLOOD, COLLAPSE.
WHAT IS DIFFERENCE IN CONDITIONS?
WEAR AND TEAR, INSECTS OR VERMIN, INTENTIONAL LOSS, AND WAR ARE EXAMPLES OF THIS IN A PERSONAL ARTICLES FLOATER
WHAT ARE EXCLUSIONS?
DESIGNED FOR LARGER VESSELS.
WHAT IS A YACHT POLICY?
NFIP IS SUBJECT TO ___ DEDUCTIBLE(S).
WHAT ARE PROPERTY AND BUILDING?
INTENTIONAL INJURY, DAMAGE TO PROPERTY IN INSURED'S CONTROL, AIRCRAFT, PROFESSIONAL LIABILITY, DISCRIMINATION ARE EXAMPLES OF THIS ON AN UMBRELLA POLICY.
WHAT ARE EXCLUSIONS?
CROP/HAIL INSURANCE IS RATED ON THIS BASIS.
WHAT IS ACRAGE?