BU353 Study Guide - Final Guide: Property Insurance, Marine Insurance, Electronic Data Processing
Document Summary
Two 5 mark narraives (short answer) post midterm. One 35 mark case study post midterm know commercial coverages, review pars r us. Direct losses all risk or named perils. Includes ixed structures pertaining to the building, addiions and extensions, permanent ixtures, iings and building maintenance supplies. Includes furniture, iings, ixtures, machinery, tools, utensils, appliances and generally contents of every descripion except stock. Merchandise of every descripion usual to the insured"s business and includes packing, wrapping, and adverising materials. Stock can luctuate widely in certain businesses. Report on actual stock values (usually quarterly reporing) Specify usual stock limits and: higher stock limit for certain speciied dates of the year (peak season endorsement) On the above 3: building, stock, equipment items considered when underwriing or raing: E. g. paper stock catches ire easily and easily damaged by water. Includes various types of records, papers, and ilms. Cost of reworking the informaion and reconsituing records. Premium reducion if kept in special cabinets.
