1. A proprietor operates two retail locations in Philadelphia, PA. The value of personal property in each store is $2M. The blanket insurance limit required to comply with the minimum coinsurance requirements for this coverage is

   		$1,600,000.
   		$1,800,000.
   		$3,200,000.
   		$3,600,000.

1. Insurance that shows a separate limit for each building and a separate limit for personal property in each building is

   		Blanket insurance.
   		Individual insurance.
   		Specific insurance.
   		Monoline insurance.

Sharp Accounting rents a floor in an office building. Their insurance advisor has suggested that they consider coverage under the Legal Liability Coverage Form. The Legal Liability Coverage Form

		Provides a lower premium rate than direct property insurance on the covered real property.
		Contains a coinsurance condition that applies to property in Sharp's custody.
		Contains a deductible that applies to damage caused by Sharp.
		Provides coverage for property of others in Sharp's custody regardless of fault

WP Dental Associates rents a small office building, which it insures under the Building and Personal Property Coverage Form (BPP). It added the Scheduled Building Property-Tenant's Policy endorsement to its BPP. Which one of the following statements about the Scheduled Building Property--Tenant's Policy endorsement is most accurate?

		It does not cover building glass.
		It broadens coverage provided by the Building and Personal Property Coverage Form.
		It does not require a schedule.
		It reduces the BPP's coverage

1. Which one of the following is the type of deductible most often used for spoilage coverage in the Equipment Breakdown Protection Coverage Form?

   		Percentage of loss deductible
   		Dollar deductible
   		Multiple of daily value deductible
   		Time deductible