NJ Property, Casualty, and Auto Licensing Exam Questions and Answers 100% Pass

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Insuring Agreement ✔✔company's obligation to pay, includes the perils and coverage for specific or named peril policies Exclusions ✔✔what the policy will not pay for Definitions ✔✔names... of the persons insured in addition to the named insured are listed here, along with any other (blank) of terms in the policy Additional Coverage ✔✔coverages under a policy that are provided by the insurer at no extra cost Casualty Policies ✔✔defense costs over and above liability limits, post-judgement interest, bail bonds and appeal bonds Property Policies ✔✔debris removal, falls within the insured dwelling limit and cannot exceed the limit Binder ✔✔temporary proof of coverage before policy is issued (oral is good for 10 days, written for 60 days) [Show More]

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