CA
California Insurance Exam Prep
California Insurance Exam Prep
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Chapter 15
Commercial Property Insurance
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The commercial property coverage part; building and business personal property
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Tenant's improvements and betterments; property of others
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The value reporting form
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Vacancy and the vacancy permit endorsement
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Coinsurance
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Mortgage holder protection
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Causes of loss forms: basic, broad, special
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Key exclusions: ordinance or law, earth movement, water
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Business income and extra expense: what they are and what triggers them
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Who needs business income, extra expense or rental value
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Business income from dependent properties
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Expediting expense versus extra expense; virus and pandemic
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Leasehold interest; blanket, specific and scheduled insurance; agreed value
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Ordinance or law coverage, glass coverage and builders risk
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Extended period of indemnity; terrorism coverage
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Inland marine: why it exists, what it covers, bills of lading
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Inland marine perils and exclusions; electronic data processing policies
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Equipment breakdown protection
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Theft, burglary and robbery; employee theft
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Theft of money and securities: inside and outside the premises
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Discovery and loss sustained forms; persons excluded
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Farm insurance and the Federal Crop Insurance Program
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NFIP: the definition of flood and commercial flood coverage
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NFIP producers: no binding authority, waiting period, required training
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Ocean marine: hull, cargo, freight, P&I; Jones Act and Longshore Act
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