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Unless endorsed differently, coverage in Boiler and Machinery policies is normally written on which bases?
a. actual cash value
b. replacement cost
c. fair market value
d. agreed value
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b. replacement cost
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Hannah_Lowman1
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Terms in this set (49)
Unless endorsed differently, coverage in Boiler and Machinery policies is normally written on which bases?
a. actual cash value
b. replacement cost
c. fair market value
d. agreed value
b. replacement cost
All of the following are types of surety Bonds EXCEPT
a. contract bonds
b. judicial bonds
c. miscellaneous bonds
d. stocks and bonds
d. stocks and bonds
A Labor and Materials Bond is usually included as part of what kind of bond?
a. performance
b. supply
c. bid
d. litigation
a. performance
All of the following are covered under the Aviation Hull insurance EXCEPT
a. airframe
b. engines
c. controls
d. personal property
d. personal property
Additional perils covered under the Farm Property - Broad Form, but not covered under the Farm Property - Basic Form deals with which of the following?
a. fire
b. explosion
c. aircraft
d. accidents involving livestock
d. accidents involving livestock
