New York Independent Fire Adjuster Exam Simulator - Series 17-64 Rated A+

All of the following is a function of the standard mortgage clause in a property insurance policy, EXCEPT: -Protects the rights (insurable interest) of the mortgagee, even if an insured intentionally causes a loss to the mortgaged property. -Guarantees that the mortgage payments will be made by an insurance policy, if the insured does not make the payments. -Allows the mortgagee to pay the premium if the insured refuses to do so. -Allows the mortgagee to submit a proof of loss if the insured refuses to do so. {Ans: Guarantees that the mortgage payments will be made by an insurance policy, if the insured does not make the payments.}The Terrorism Risk Insurance Program Reauthorization Act of 2015 excludes all of the following, EXCEPT: Commercial Auto Farmowners Commercial Property Flood {Ans: Commercial Property}Coverage D - Loss of Use on a farm policy will include coverage for: I. Additional living expenses incurred by the resident family. II. Loss of rental income of the owner for tenants who cannot live there due to a covered loss. I only II only Both I and II Neither I nor II {Ans: Both I and II}Under the New York Cybersecurity Regulation, each covered