WebCe - Commercial Properties Exam |
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Latest Update 2026
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Terms in this set (55)
A tornado severely damages one of a time element loss.
Major Manufacturing's plants. As a
result of the damage, Major
Manufacturing is forced to curtail its
operations during the 6 months
needed to complete repairs. The
resulting loss of income suffered by
Major Manufacturing is referred to
as
Which of the following describes a Several different forms must be combined to
feature of standard commercial make up a policy.
property policies?
,The president of Handy Corner None of these policies cover the loss
Grocery has just learned that its
accounting clerk has been
embezzling money from the
company for the past 6 months.
Handy has a standard commercial
property policy, a standard
commercial general liability policy,
and a workers compensation and
employers liability policy. Which of
these policies covers this loss?
An insurance company that standard forms.
specializes in coverage for religious
institutions publishes its own policy
forms that provide broader
coverage than the ISO forms. This
insurer's forms would not be
referred to as
Duffy's Tavern is currently insured adding either a separate equipment breakdown
under a commercial package policy policy or an equipment breakdown coverage
that includes only commercial endorsement to Duffy's commercial property
property coverage and commercial policy.
general liability coverage. Duffy
would like to add coverage for
equipment breakdown. This can be
done by
, A small fire in the Dalton Hotel covers this loss because electronic data that is
basement damaged the integrated with the elevator system is not
computerized system that controls excluded.
all elevators in the hotel. It will be
necessary-and costly-to
completely reprogram the system
to replace the lost data. Dalton has
a commercial property policy that
A building owned by Mega The insurer would discount the loss payment by
Properties has been continuously 15 percent because the building was vacant.
vacant for 6 months. In the seventh
month, a lightning strike starts a fire
which destroys the building.
Assuming that Mega's commercial
property policy is written on
standard forms, how much would
the insurer reduce the loss payment
because of the vacancy of the
building?
Ad Men Advertising Agency is covers this loss because the property was within
located on the 25th floor of a high- 100 feet of the building.
rise building, and the declarations
of its commercial property policy
list its location as "Suite 2500, 1271
Madison Avenue, New York, NY." Ad
Men's valuable laser printer is
stolen from the building's outdoor
ground-floor loading dock when an
employee leaves it unattended
while fetching his car. Ad Men's
policy includes the special causes
of loss form. Ad Men's insurance
Questions with 100% Correct Answers | Verified |
Latest Update 2026
Save
Terms in this set (55)
A tornado severely damages one of a time element loss.
Major Manufacturing's plants. As a
result of the damage, Major
Manufacturing is forced to curtail its
operations during the 6 months
needed to complete repairs. The
resulting loss of income suffered by
Major Manufacturing is referred to
as
Which of the following describes a Several different forms must be combined to
feature of standard commercial make up a policy.
property policies?
,The president of Handy Corner None of these policies cover the loss
Grocery has just learned that its
accounting clerk has been
embezzling money from the
company for the past 6 months.
Handy has a standard commercial
property policy, a standard
commercial general liability policy,
and a workers compensation and
employers liability policy. Which of
these policies covers this loss?
An insurance company that standard forms.
specializes in coverage for religious
institutions publishes its own policy
forms that provide broader
coverage than the ISO forms. This
insurer's forms would not be
referred to as
Duffy's Tavern is currently insured adding either a separate equipment breakdown
under a commercial package policy policy or an equipment breakdown coverage
that includes only commercial endorsement to Duffy's commercial property
property coverage and commercial policy.
general liability coverage. Duffy
would like to add coverage for
equipment breakdown. This can be
done by
, A small fire in the Dalton Hotel covers this loss because electronic data that is
basement damaged the integrated with the elevator system is not
computerized system that controls excluded.
all elevators in the hotel. It will be
necessary-and costly-to
completely reprogram the system
to replace the lost data. Dalton has
a commercial property policy that
A building owned by Mega The insurer would discount the loss payment by
Properties has been continuously 15 percent because the building was vacant.
vacant for 6 months. In the seventh
month, a lightning strike starts a fire
which destroys the building.
Assuming that Mega's commercial
property policy is written on
standard forms, how much would
the insurer reduce the loss payment
because of the vacancy of the
building?
Ad Men Advertising Agency is covers this loss because the property was within
located on the 25th floor of a high- 100 feet of the building.
rise building, and the declarations
of its commercial property policy
list its location as "Suite 2500, 1271
Madison Avenue, New York, NY." Ad
Men's valuable laser printer is
stolen from the building's outdoor
ground-floor loading dock when an
employee leaves it unattended
while fetching his car. Ad Men's
policy includes the special causes
of loss form. Ad Men's insurance
