Caib 2 Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Caib 2? On this page you'll find 783 study documents about Caib 2.
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CAIB 2 PRACTICE EXAM
- Exam (elaborations) • 16 pages • 2024
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CAIB 2 PRACTICE EXAM
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CAIB 2 Latest Version with Certified Answers
- Exam (elaborations) • 13 pages • 2024
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Scheduled Coverage refers to policy on which coverage is provided only on that property 
which is specifically identified or scheduled 
All Property refers to policy used to insure building, equipment and stock under a single 
limit of Insurance 
Tenants Improvement building improvements, alteration and betterments made at expense of 
or purchased by the insured to a building occupied by the insured and which are not otherwise 
insured, provided the insured is not actual owner of such building 
...
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CAIB 2 Practice Exam Questions with Verified Answers
- Exam (elaborations) • 25 pages • 2024
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Waivers of Co-insurance clause are common on commercial property policies. What types of 
losses are applicable to this waiver of co-insurance? 
Is less than $5000 or Is less than 2% of the amount of insurance. (72,00 x 2%=1440) 
Identify 3 reasons why exclusions exist on commercial property policy. 
losses which are generally considered by insurers to be commercially insurable: 
1. Deliberate acts of violence -war, rebellion 
2. losses which are considered catastrophic, Earthquake, snow slides,...
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CAIB 2 Questions & Answers(RATED A)
- Exam (elaborations) • 26 pages • 2024
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Your client, a retail fashion store, has just rented a business premises in a mall. Before opening your business, she plans to install new wall to wall carpeting and install wall paneling. These values would be insured under the amount provided for: 
 
A. Stock 
B. Equipment 
C. Building 
D. Business Interruption - ANSWERB. Equipment 
 
While the law permits the insurer to surrogate against the party responsible for the loss, the insurer agrees not to exercise that right in respect to certain pa...
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Caib 2 Question and answers already passed 2024
- Exam (elaborations) • 26 pages • 2024
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Caib 2 Question and answers already passed 2024warranty - correct answer A promise that certain facts are as they are represented to be and that they will remain so 
 
hazard - correct answer A condition which may cause a peril to occur 
 
Latent defect - correct answer A hidden or concealed defect, which cannot be discovered by reasonable and customary inspection 
 
Endorsement - correct answer Changes the terms or conditions of the insured's policy 
 
Messenger - correct answer ...
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CAIB 2 Practice Exam Questions and Answers 100% Correct
- Exam (elaborations) • 24 pages • 2024
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CAIB 2 Practice Exam Questions and 
Answers 100% Correct 
Waivers of Co-insurance clause are common on commercial property policies. What 
types of losses are applicable to this waiver of co-insurance? 
Is less than $5000 or Is less than 2% of the amount of insurance. (72,00 x 2%=1440) 
Identify 3 reasons why exclusions exist on commercial property policy. 
losses which are generally considered by insurers to be commercially insurable: 
1. Deliberate acts of violence -war, rebellion 
2. losses w...
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CAIB 2 Questions & Answers(RATED A+)
- Exam (elaborations) • 26 pages • 2024
- Available in package deal
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- $13.99
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Your client, a retail fashion store, has just rented a business premises in a mall. Before opening your business, she plans to install new wall to wall carpeting and install wall paneling. These values would be insured under the amount provided for: 
 
A. Stock 
B. Equipment 
C. Building 
D. Business Interruption - ANSWERB. Equipment 
 
While the law permits the insurer to surrogate against the party responsible for the loss, the insurer agrees not to exercise that right in respect to certain pa...
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CAIB 2 Immersion Questions with complete solution 2024
- Exam (elaborations) • 35 pages • 2024
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CAIB 2 Immersion Questions with complete solution 2024 Identify three methods that can be used to gain access to a Protected Enclosure? Provide an example for each. - correct answer Mechanical: Drills 
Thermal: Torches 
Explosion: Dynamite 
 
What is the purpose of Perimeter Protection? - correct answer To prevent access to the premises when the business is closed 
 
Define Partial Protection and provide two weaknesses to Partial Protection? - correct answer When only openings to the build...
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CAIB 2 Full Study Guide Question and answers rated A+ 2024
- Exam (elaborations) • 83 pages • 2024
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CAIB 2 Full Study Guide Question and answers rated A+ 2024 The three amounts to be considered when calculating the amount of payment as outlined in the Indemnity Agreement are: - correct answer 1) the value of the lost or damaged property (ACV) 
 
2) the interest of the insured in the property (ex. financial interest, home, mortgage) 
 
3) the amount of insurance specified on the "Declarations Page" for the loss or damaged property (least amount|) 
 
Identify the four categories that buildi...
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CAIB 2 CHAPTER 4 Questions with 100% Correct Answers | Latest Version 2024 | Expert Verified | Ace the Test
- Exam (elaborations) • 17 pages • 2024
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CAIB 2 CHAPTER 4 Questions with 100% Correct 
Answers | Latest Version 2024 | Expert Verified | 
Ace the Test
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