Author Question: Which of the following statements about the equipment breakdown protection coverage form is (are) ... (Read 35 times)

craiczarry

  • Hero Member
  • *****
  • Posts: 527
Which of the following statements about the equipment breakdown protection coverage form is (are) true?
 
  I. The covered cause of loss is a breakdown of covered equipment, including boilers, machinery, and electrical and mechanical equipment.
  II. It provides coverage for the reasonable cost of expediting permanent repair or replacement of damaged property.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II

Question 2

All of the following statements about business income insurance are true EXCEPT
 
  A) Business income is defined as total sales that would have been made if the loss had not occurred.
  B) Payroll is considered a continuing normal operating expense.
  C) Business income insurance does not cover the physical damage caused by a peril which created the interruption in business.
  D) The business income coverage form can be purchased with a coinsurance requirement.



nekcihc358

  • Sr. Member
  • ****
  • Posts: 327
Answer to Question 1

Answer: C

Answer to Question 2

Answer: A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

For a complete list of videos, visit our video library