Additional Coverages & Exclusions

Which group of coverages are the most common 'time element' coverages?

Answer

Business interruption, extra expense, and loss of rents

Time element is 'insurance that covers other losses stemming from a direct loss by a covered peril to business property. Business interruption, extra expense, and loss of rents and rental value are the most common time element coverages.'

Source: CA Dept. of Insurance, Small Business Guide to Commercial Insurance (Form 700)

Not the answer

  • Employee theft, forgery, and robbery crime coverages
  • Hull, cargo, and freight marine coverages
  • Coverages for fire, lightning, and windstorm damage to property

Practice this

The Texas All-Lines Adjuster exam is 150 questions with a scaled passing score of 70, which is neither the number nor the percentage correct. This test uses 70% as a yardstick. The app’s page carries a free ten-question test drawn from the same bank, marked as you go.

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