Caib 2 key terms Study guides, Class notes & Summaries

CAIB 2 KEY TERMS – QUESTIONS WITH COMPLETE SOLUTIONS

CAIB 2 Key Terms – Complete Study Set

CAIB 2 - Key Terms

Caib 2 - Key Terms Questions And Answers With Verified Solutions Already Passed!!!(GRADED A+) Latest Updated 2024

CAIB II - Chapter 6 Exam Questions and Answers Crime Insurance - Property Susceptible to Crime Losses (2 Target Items) - Answer ️️ -Target items are those which meet the follow criteria: 1. Value (greater value items) 2. Portability (easier to transport away) Perimeter Protection - Partial Protection (2 weaknesses) - Answer ️️ -1. Forced entry through walls or ceilings are not detected 2. Stay behind thieves will not be detected until they leave Area Protection - Electronic Prote...

replacement value correct answersCost to repair, replace or rebuild the lost or damaged property without deduction for depreciation Scheduled Coverage correct answersCoverage for property specifically identified or scheduled on the insurance policy All Property correct answersAll property owned by Insured is covered by a single limit of insurance. Subject to 90% co-insurance. (Building, stock and equipment) Tenant's Improvements correct answersBuilding improvements, alterations and bet...

CAIB II - Chapter 6 Exam Questions and Answers Crime Insurance - Property Susceptible to Crime Losses (2 Target Items) - Answer ️️ -Target items are those which meet the follow criteria: 1. Value (greater value items) 2. Portability (easier to transport away) Perimeter Protection - Partial Protection (2 weaknesses) - Answer ️️ -1. Forced entry through walls or ceilings are not detected 2. Stay behind thieves will not be detected until they leave Area Protection - Electronic Prote...

replacement value - ANSWERCost to repair, replace or rebuild the lost or damaged property without deduction for depreciation Scheduled Coverage - ANSWERCoverage for property specifically identified or scheduled on the insurance policy All Property - ANSWERAll property owned by Insured is covered by a single limit of insurance. Subject to 90% co-insurance. (Building, stock and equipment) Tenant's Improvements - ANSWERBuilding improvements, alterations and betterment's made at the expen...

replacement value - CORRECT ANSWER-Cost to repair, replace or rebuild the lost or damaged property without deduction for depreciation Scheduled Coverage - CORRECT ANSWER-Coverage for property specifically identified or scheduled on the insurance policy All Property - CORRECT ANSWER-All property owned by Insured is covered by a single limit of insurance. Subject to 90% co-insurance. (Building, stock and equipment) Tenant's Improvements - CORRECT ANSWER-Building improvements, alterations...

replacement value -ANSWER- Cost to repair, replace or rebuild the lost or damaged property without deduction for depreciation Scheduled Coverage -ANSWER- Coverage for property specifically identified or scheduled on the insurance policy All Property -ANSWER- All property owned by Insured is covered by a single limit of insurance. Subject to 90% co-insurance. (Building, stock and equipment) Tenant's Improvements -ANSWER- Building improvements, alterations and betterment's made at the e...