Author Question: Which of the following statements about the equipment breakdown protection coverage form is (are) ... (Read 19 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?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

For a complete list of videos, visit our video library