商业险种第 470 / 531 题
After a covered fire, a print shop rents temporary space for $12,000 a month for three months and rents replacement presses for $9,000 so it can keep filling orders. What is its extra expense claim?
a.$9,000
b.$36,000
c.$21,000
d.$45,000
解析
Extra expense pays the necessary costs the insured would not have incurred had there been no loss, spent to avoid or cut short the suspension of operations. Both items qualify: three months at $12,000 is $36,000, plus $9,000 for the rented presses, for a total of $45,000. The $36,000 answer leaves out the equipment rental. Extra expense sits alongside business income, which pays lost net income and continuing expenses rather than these added costs.
免费刷完整 531 道题库 — 无需注册。
Own the complete California Property & Casualty Broker-Agent guide — PDF + EPUB, $24.99 →
同考点相关题目
- Under business income coverage, the period of restoration ends on the earlier of the date operations resume at a new permanent location or the date on which:
- A covered fire shuts a bakery for four months. It would have earned $9,000 a month in net income, and it must keep paying $6,000 a month in continuing normal operating expenses. What is its business income loss?
- Business income coverage is written on an actual loss sustained basis. That means the insurer pays:
- An insured elects to exclude ordinary payroll from its business income coverage. During a shutdown the policy will then not pay:
- An insured on a reporting form last reported $200,000 of stock when the true value on that date was $250,000. A covered loss of $50,000 follows. What does the full reporting condition allow?
- A retailer's business personal property limit is $300,000, raised to $700,000 for September through December by a peak season endorsement. A covered fire on November 10 destroys $560,000 of stock. The deductible is $5,000. How much is paid?
最近核对： · 审核流程
PrepPass 团队 · 依据官方资料核对 California Property & Casualty Insurance License Exam · 我们如何核对