.png){kind=logo}
CAIB 2 EXAM NEWEST ACTUAL EXAM COMPLETE 200 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!!
QUESTION 1: Identify 4 categories that buildings may fall
into and give an example of each
CORRECT ANSWER:
1. Residential (homes)
2. Mercantile (hospital)
3. Non-mercantile (stores)
4. Manufacturing/industrial (manufacturing plants)
QUESTION 2: Identify two bases that coverage can be
provided
CORRECT ANSWER:
1. Scheduled basis
2. All property basis
QUESTION 3: Briefly explain how the scheduled basis and
all property is identified
CORRECT ANSWER:
1. Scheduled basis - only property which is specifically
identified or scheduled on the policy is insured
2. All property - All property owned by the insured is covered
by a single limit of insurance. Usually subject to a minimum
90% co-insurance clause
QUESTION 4: Identify and give an example of each of the
five types of property contained in the definition of building
found in the IBC Commercial Property Broad Form
CORRECT ANSWER:
1. Fixed structures; pertaining to the business and located on
the property (fencing, yard signs, lights)
2. Additions and extensions; in contact with the building
(enclosed walkways, lean-to storage)
3. Permanent fittings & fixtures attached to or forming part of
the building (heating, plumbing, carpeting)
CAIB 2 Exam,CAIB 2 Test,CAIB 2 Flashcard,CAIB 2 quiz,CAIB 2 Practice,CAIB 2 Practice test,CAIB 2 Practice flashcard,CAIB 2 Practice exam,CAIB 2 Study guide,CAIB 2 Practice questions,CAIB 2 Questions,CAIB 2 Practice questions and answers,CAIB 2 Questions and answers,CAIB 2 pdf,CAIB 2 quizlet,CAIB 2 reddit,CAIB 2 Answer sheet,CAIB 2 Answer key,CAIB 2 Pdf free,CAIB 2 Exam help,CAIB 2 Cheat sheet,CAIB 2 quiz bank,CAIB 2 Questions bank,CAIB 2 Practice Guide,CAIB 2 Guide,CAIB 2 Testbank,CAIB 2 Practice Answers,CAIB 2 Answers,CAIB 2 Exam prep,CAIB 2 Prep,CAIB 2 Pdf download,CAIB 2 Flashcards,CAIB 2 Real questions,CAIB 2 Actual questions,CAIB 2 Real Questions and answers,CAIB 2 Actual Questions and answers,CAIB 2 Exam review,CAIB 2 Review,CAIB 2 Exam questions,CAIB 2 Exam questions and answers,CAIB 2 Practice test pdf,CAIB 2 Practice test quizlet,CAIB 2 Practice test Reddit,CAIB 2 Practice test quizlet multiple choice,CAIB 2 Exam study guide,CAIB 2 Practice test free,CAIB 2 Test questions,CAIB 2 Exam study guide,CAIB 2 Practice exam free,CAIB 2 Practice tests free,CAIB 2 Exam practice test,CAIB 2 Exam test questions,CAIB 2 Exam questions and answers,CAIB 2 Exam practice test
.png)