Arizona Adjuster - Property & Casualty Exam Simulator - Series 13-36 Questions And Answers

Coverage for goods in transit is usually provided by which of the following types of insurance? Inland Marine. Casualty. Surety. Automobile. {Ans: Inland Marine is correct. There are various types of transit coverage provided by inland marine insurance. None of the other forms mentioned would provide physical damage to cargo.}Which of the following is correct in order for the additional coverage of collapse to be available in the special BOP? The collapse must be such that the building can not be used as intended. The remaining part of the structure standing must be demolished. The remaining part of the structure must be judged unsound to rebuild on. The building must be leaning, settling or in danger of collapsing. {Ans: The correct answer is: The collapse must be such that the building can not be used as intended. The definition of collapse in the policy is the "abrupt falling down or caving in of the structure or part of the structure" and it must render the building as unusable as intended.}Under an HO-3 policy, what coverage is provided for watercraft lost due to theft? None; watercraft is excluded. None; theft is not covered. Up to the actual cash value