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All Lines Adjuster Exam | Verified Solutions | Questions And Answers

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All Lines Adjuster Exam | Verified Solutions | Questions And Answers The insured has filed a claim under the "Business Income Department Properties - Broad Form" because the primary buyer of products ... and services from the business has filed for bankruptcy under this form the primary buyers business would be known as ✔✔A recipient location recipient location ✔✔Businesses who support insured by being the primary buyer for their products HO-3 (special form) ✔✔covers the dwelling and other structures on a risk-of-direct-physical loss basis. All direct physical losses are covered except those losses specifically excluded. Personal property is covered on a named perils basis HO-5 Comprehensive Form ✔✔provides open perils coverage ("all-risks coverage") on the dwelling, other structures and personal property. HO-2 (broad form) ✔✔covers the dwelling, other structures, and personal property on a named perils basis HO-4 (contents broad form) ✔✔Only covers a tenant's personal property on a named perils basis [Show More]

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