Which of the following is covered on a basic cause of loss form?

Which of the following is covered on a basic cause of loss form?

The basic causes of loss form (CP 10 10) provides coverage for the following named perils: fire, lightning, explosion, smoke, windstorm, hail, riot, civil commotion, aircraft, vehicles, vandalism, sprinkler leakage, sinkhole collapse, and volcanic action.

Which of the following is not covered under the basic cause of Loss form of a commercial property policy?

Collapse is not covered under which of the following property forms? The Basic Cause of Loss Form does not cover collapse. Covered property includes fixtures, improvements and alterations, and appliances owned by the insured and making up part of the building.

Which of the following would be covered under the building Coverage of the buildings and personal property coverage form?

Building and personal property coverage form is an insurance that covers physical damage to commercial property. Building and personal property coverage exclude land, water, plants, roadways, crops, shrubs, money, accounts, instruments, or trees.

What are two causes of loss covered under the glass coverage form?

Glass – Basic specified perils for glass coverage include any resulting damage to other property from broken glass due to vandalism and also vandalism to glass building blocks.

Is collapse covered by commercial property insurance?

Beecher: Unfortunately, it may not be included in your property insurance. As a building owner, if you had prior knowledge of wear and tear of the building or you were not maintaining the building correctly, a sudden collapse that created damage like this would be excluded.

Which of the following losses would be covered under all dwelling forms?

The Basic Form covers the perils of fire, lightning and internal explosion – The Basic Form is written on a named perils basis and does not cover theft, or loss to trees, shrubs, and plants.

What are the specific causes of loss?

Causes of loss forms establish and define the causes of loss (or perils) for which coverage is provided. The special causes of loss form (CP 10 30) provides what is referred to as all risks coverage: coverage for loss from any cause except those that are specifically excluded.

What does cause of loss mean in insurance?

Causes of Loss — the perils that can bring about or trigger loss or damage. Can be direct (the action immediately precedes the loss) or indirect (part of an uninterrupted chain of events leading to the loss).

What Cause of Loss form does not cover volcanic action?

All volcanic eruptions that occur within any 168 hour period will constitute a single occurrence. Volcanic action does not include the cost to remove ash, dust or particulate matter that does not cause direct physi- cal loss or damage to the described property.

Which of the following losses would be excluded from coverage under the farm property special form?

The following are exclusions applicable to special coverage in the Farm Property form: Rain, snow, sleet, sand, or dust, whether driven by wind or not, to the interior of a building or structure or property within, unless the building first sustains wind or hail damage to roof or walls.

Which of the following types of property would be covered under Coverage C?

Items like furniture, computers, TVs, jewelry and even clothes are considered personal belongings and, therefore, are protected under Coverage C of your home insurance policy. The most commonly covered perils include theft, vandalism, fires, hurricanes, tornados and hail.

Is collapse a covered cause of loss?

Standard forms now specifically exclude loss by collapse, except as provided under the additional coverage for collapse. In other words, loss by collapse is excluded, but then given back as an additional coverage but only if caused by certain perils.

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