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Property and Casualty Insurance License Exam Cram™ by BISYS Educational Services

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Chapter 13. Commercial Property Insurance

Terms you'll need to understand:

  • Real property

  • Business personal property

  • Personal property of others

  • Liberalization

  • Agreed value

  • Business income

  • Period of restoration

  • Suspension of operations

  • Extra expense

  • Rental value

  • Contributing location

  • Recipient location

  • Manufacturing location

  • Leader location

  • Electronic data

  • Nonowned, detached trailers

  • Builders risk

  • Coinsurance

  • Collapse

  • Value reporting form

  • Spoilage endorsement

Concepts you'll need to master:

  • Commercial property coverage part

  • Commercial property coverage forms

  • Causes of loss forms

  • Additional coverages

  • Coverage extensions

  • Optional coverages

  • Inflation guard coverage

  • Replacement cost coverage

  • Time element coverage

  • Extended business income coverage

  • Extended period of indemnity

  • Maximum ...

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