Collision
Transportation Expenses
Garagekeepers InsuranceA, B, and C are correct. The Physical Damage portion of the Business Auto coverage form contains three principal coverages: Comprehensive, Specified Causes of Loss (a more limited type of Comprehensive coverage), and Collision. Transportation expenses are covered as part of Physical Damage coverage. Garagekeepers insurance is not ...
Earthquake Flood
TheftB, C, and D are correct. Specified Causes of Loss coverage is a limited type of Comprehensive coverage. It covers fire, lightning, explosion, theft, windstorm, hail, earthquake, flood, vandalism, or mischief, as well as sinking, burning, collision, or derailment of a conveyance transporting the covered auto.
Damage to or loss of the insured ship
Ocean marine protection and indemnity (P&I) coverage provides liability coverage for job-related injuries to sailors, cargo lost or damaged through negligence, damage to other vessels when caused by collision, and a few other things. Damage to the insured ship is not covered under P&I, but the insurance is available under hull coverage.
Desks, filing cabinets, and other office equipment the insured uses in her business An enclosure around the front entry to a store that the insured tenant had built when he began leasing the buildingA and B are correct. Property owned and used by the insured in the business and tenants improvements and betterments made at the tenants expense that cannot be legally removed are covered under ...
An insured moved inventory to another location to protect it from a tornado. Two days later, a sewer backup in the new location damaged that property. When a tornado damaged a nearby business, authorities closed off the area for one week to clean up the damage. The insured lost business income during that period.
A and C are correct. The Pollutant Cleanup and Removal additional coverage pays ...
Signatures of the parties involvedD is correct. The four requirements for forming a valid contract are competent parties, a legal purpose, offer and acceptance, and consideration. Oral contracts are valid. Contracts do not have to be written or include signatures (although it is a good idea to do so).