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Practice questions for this set
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Sprinkler______ coverage provides insurance coverage for property damage
due to accidental discharge or leakage of water from an automatic sprinkler
system or fire prevention devices. Intentional or reckless discharge is not
covered.
Choose an answer
1 leakage 2 Surplus lines insurance
3 minus 4 Basic
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Terms in this set (47)
, Surplus lines insurance provides coverage for unique situations or
situations with high-risk. For example, a celebrity or
artist who wants to insure a certain body part (e.g.,
legs, hands) could purchase surplus lines
insurance.
Special The _______ form provides coverage for "all risks",
which is coverage due to any cause except any
causes specifically excluded.
Basic, Broad and Special. The three standard causes of loss forms are
________Complex is not one of the standard forms.
commercial Causes of loss forms are the_____ property insurance
forms that specify the covered causes of loss for
which coverage is provided
Basic Losses covered under the____ causes of loss form
include fire, lightning, explosion, smoke,
windstorm, hail, riot, civil commotion, aircraft,
vehicles, vandalism, sprinkler leakage, sinkhole
collapse and volcanic activity.
Broad _______includes all of the causes in the Basic form,
and also falling objects, the weight of snow, ice, or
sleet; water damage, including appliance leakage;
and collapse from certain specified causes.
malpractice Medical ____ insurance is also an example of a
surplus line of insurance.