Cơ bản về bảo hiểm tài sảnCâu 272 / 531
A restaurant's kitchen burns and the owner also loses six weeks of profit while it is rebuilt. The lost profit is an example of:
a.An indirect, consequential loss
b.A liability loss to a third party
c.An excluded speculative business risk
d.A direct loss to business property
Giải thích
Direct loss is the physical damage the peril does to the property itself; indirect or consequential loss is the financial harm that follows from that damage, such as lost net income and continuing expenses during the shutdown. Business income coverage exists precisely because the property forms pay for the burned kitchen and stop there. Calling it a liability loss confuses harm the owner suffers with damages the owner owes to someone else.
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Câu hỏi liên quan cùng chủ đề
- A commercial building is insured for $600,000 under a policy with a 5 percent deductible that applies to the amount of insurance. A covered loss of $125,000 occurs. The insurer pays:
- Compared with a flat dollar deductible, a percentage deductible on a commercial property policy:
- A commercial property policy written on a special, open-perils causes-of-loss form covers a physical loss unless:
- Lightning strikes a building, the fire it starts is put out with water, and the water ruins stock in the basement. Under proximate cause reasoning, the water damage is:
- Two policies with no special other-insurance wording cover the same building, one for $300,000 and one for $200,000. A covered $80,000 loss occurs. On a pro rata basis, the $200,000 policy pays:
- Which of these parties holds an insurable interest in a commercial building?
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