California Commercial Insurance Exam Questions and Answers 100% Correct

The term "Time element Coverage" is used when the amount of loss depends on what? The time it takes to repair, rebuild, or restore damaged property.The term time element coverage is used for many indirect losses, such as a business income loss, because the amount of loss might not be directly related to the amount of property damage that occurred, but it is related to the time it takes to repair,, rebuild, or restore the damaged property. Many factors can influence the ultimate loss, including the availability of supplies and replacement parts. Which is NOT one of the common law defenses against an employer's liability? Proximate causeAssumption of risk, contributory negligence, and the fellow servant rule are the traditional common law defenses against employer liability. Are Vehicles eligible for a Personal Auto Policy PAP if used in a delivery business? No. Vans used in a delivery business are not eligible for coverage.Generally, four-wheel private passenger autos, pickups, and vans owned by an individual or married couple are eligible if used for pleasure or general transportation. Pickups and vans used in a business, other than farming or ranching, are not eligible. Business owners policies provide an additional coverage for preservation of property when it is removed from the premises to protect it from loss by a covered peril. The coverage will apply at other locations for up to? 30 DaysThe preservation of property a