Match the descriptions with their terms:
-The _________________ causes of loss include the basic perils plus falling objects (exterior damage must occur before interior damage is covered) ; the weight of ice, sleet, and snow; and accidental discharge of water or steam from a system or appliance containing steam or water other than an automatic sprinkler system.
A) agreed amount clause
B) Basic form
C) Boiler and machinery insurance
D) broad form
E) Business income
F) consequential damage endorsement
G) consequential losses
H) Contracts without time element
I) extended-period-of-indemnity endorsement
J) maximum period of indemnity
K) scheduled coverage
L) special form
M) Time-element contracts
Correct Answer:
Verified
Q21: Match the descriptions with their terms:
-Under the
Q22: Match the descriptions with their terms:
-_ are
Q23: Match the descriptions with their terms:
-The _
Q24: Match the descriptions with their terms:
-_ covers
Q25: Match the descriptions with their terms:
-_ is
Q27: Match the descriptions with their terms:
-The _
Q28: Match the descriptions with their terms:
-The _
Q29: Match the descriptions with their terms:
-A/An _
Q30: The basic characteristics of a consequential loss
Q31: If a consequential loss involves lost profits
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