Cisr - Personal Lines Miscellaneous |90 Questions| With Correct Answers.

Property may not provide the coverage needed by clients when there is damage to recreational vehicles they rent or borrow due to the following: {Ans: 1 - Only those not subject to vehicle registration or licensing that are used solely to service a residence are covered. 2 - Named perils coverage only. 3 - Deductible.}If the client is not legally responsible for the damage to the borrowed or rented recreational vehicle, is there coverage even if the loss is caused by fire or explosion? {Ans: No.}What happens if a loss occurs and an underlying policy is not in force or if a client's limits are reduced to less than the required underlying limits? {Ans: The client becomes responsible for the gap between the required underlying insurance and the coverage actually carried. For watercraft & recreational losses, if the underlying insurance is not in force at the time of the loss, coverage is excluded.}What is the Permitted Incidental Occupancies - Residence Premises HO 04 42 endorsement used for? {Ans: Applies to personal property used in the "business" described in the Schedule & removes the $2,500.00 "business" limit for property on the "residence premises" for furnishings, supplies, and