which form in a commercial property insurance policy lists which perils are covered and excluded? a. conditions section b. declarations | Question AI (2024)

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A commercial property insurance policy typically includes several key sections that outline various aspects of the coverage. The Declarations Page provides a summary of the policy, including the policyholder's name, policy period, the amount of coverage, and the applicable premium. The Conditions Section includes the terms and conditions under which the policy will operate, such as the duties of the insured and the insurer, and the procedures for filing claims. The Excluded Perils Section lists the specific risks or perils that are not covered under the policy. The Causes of Loss Forms, however, are the documents that detail the perils that are covered by the policy. These forms specify the types of losses or damages that the policy will provide coverage for, such as fire, theft, or natural disasters. Therefore, the form that lists which perils are covered is the Causes of Loss Forms.

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Which form in a commercial property insurance policy lists which perils are covered and excluded? A. Conditions Section B. Declarations Page C. Causes of Loss Forms D. Excluded Perils Section