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ACA Boiler and Machinery 0%

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Question 1 of 10

1. Question
The Valued Business Interruption Endorsement…
- Has a schedule daily limit and an aggregate total limit
- Provides no coverage for partial interruptions
- Both answers are correct
- Neither answer is correct
Correct

Incorrect
Question 2 of 10

2. Question
This Boiler and Machinery coverage extension provides a defense for the insured by the insurer for claims or suits arising out of covered occurrences.
- Expediting Expenses
- Automatic Coverage
- Defense
- Supplementary Payments
Correct

Incorrect
Question 3 of 10

3. Question
The Suspension Condition states coverage:
- RCV unless repair or replacement is not made within 18 months of the date of the accident
- Both of these are correct
- Neither of these is correct
Correct

Incorrect
Question 4 of 10

4. Question
Insurable “objects” include” all BUT which of the following?
- refrigerating equipment
- engines
- crops
- air conditioning equipment
Correct

Incorrect
Question 5 of 10

5. Question
Boiler and Machinery limits are:
- per accident
- per policy year
- double indemnity
- none of these apply
Correct

Incorrect
Question 6 of 10

6. Question
This Boiler and Machinery coverage extension providers 90 days automatic coverage at a newly acquired location for like kind objects.
- Expediting Expenses
- Automatic Coverage
- Defense
- Supplementary Payments
Correct

Incorrect
Question 7 of 10

7. Question
This Boiler and Machinery coverage extension provides reimbursement for expenses necessary to mitigate loss and expedite repairs.
- Expediting Expenses
- Automatic Coverage
- Defense
- Supplementary Payments
Correct

Incorrect
Question 8 of 10

8. Question
Boiler and Machinery covers the direct and indirect losses to insured __________.
- Incidents
- Objects
- Articles
- none of these apply
Correct

Incorrect
Question 9 of 10

9. Question
The Boiler and Machinery policy covers:
- Other property owned by the insured affected by an accident
- Non-owned property in the care, custody, or control of the insured and for which the insured is legally liable
- Both of these are correct
- Neither of these are correct
Correct

Incorrect
Question 10 of 10

10. Question
Exceptions to the definition of an “accident” in the Boiler and Machinery include all BUT which of the following?
- Depletion and Deterioration
- Corrosion and Erosion
- Rupture and Collapse
- Wear and Tear
Correct

Incorrect