Shared Flashcard Set

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Fundamentals of Insurance Chapter 7 - Self Exam Question 18
Self Examination Questions (Match)
12
Insurance
Professional
08/11/2014

Additional Insurance Flashcards

 


 

Cards

Term
A form of crime coverage requiring visible signs of forced entry or exit from a premises.
Definition
Burglary
Term
Generally includes all property entering into and used in the project, excluding tools.
Definition
Builder's Risk Form
Term
Provides coverage for special classes of property when the loss results from actual destruction, disappearance or wrongful abstraction.
Definition
Money and Securities (Broad Form) Policy
Term
Insures property while in transit, at the job site awaiting installation, during and after installation until such time the job is accepted by purchaser.
Definition
Installation Floater
Term
Designed to cover the costs of reproducing lost or damaged documents.
Definition
Valuable Papers and Records Insurance
Term
The taking of property by inflicting violence upon the custodian, or putting such custodian in fear of violence.
Definition
Robbery
Term
Coverage commences at the time of loss and continues until the property is rebuild, repaired or replaced.
Definition
Earnings Form
Term
Covers extra costs incurred by the Insured in continuing normal business operations after a loss.
Definition
Extra Expense Insurance
Term
Insures owned, rented or leased mobile equipment,including miscellaneous tools.
Definition
Contractor's Equipment Floater
Term
Coverage commences at the time of loss and ceases when the income is restored to the level it would have been had the loss not occured.
Definition
Profits Form
Term
Broadest form of crime coverage insuring against the taking of property without the owner's consent.
Definition
Theft
Term
Includes coverage for the actual removal of receptacle from premises.
Definition
Safe Burglary Policy
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