1. Outline the following coverages for business income losses: a. Business Income and Extra Expense b. Business Income from Dependent Properties 2. Briefly describe the following commercial property...

1. Outline the following coverages for business income losses:

a. Business Income and Extra Expense

b. Business Income from Dependent Properties

2. Briefly describe the following commercial property insurance coverages:

a. Builders risk insurance

b. Condominium insurance

c. Equipment breakdown insurance

d. Difference in conditions (DIC) insurance

3. Classify the following coverages as “Ocean marine” or

“Inland marine” and describe the insurable interests reflected by each of them:

a. Freight Insurance

b. Account receivable coverage form

c. Bailees customer policy

d. Cargo insurance