
DATE MMDDYYYY PROPERTY SECTION AGENCY PHONE AC, No, Ext FAX AC, No APPLICANT First Named Insured EFFECTIVE DATE EXPIRATION DATE Form
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People also ask
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What is the 125 used for?
What is an 125 form? The 125 form is more commonly known as the Commercial Insurance Application. This application is used to record general client information including things like business location and contact details, business description, prior insurance and loss history.
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What is an 126 for?
The 126 form is more commonly known as the Commercial General Liability Section. This application is used to record client information including things like insured's exposure, loss history and other necessary business operations details.
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What does the commercial property declarations page contain?
It lists the named insured, policy term, and other key points about the insurance provided. Also known as the DEC page, it's the first place to check for essential information about your insurance coverage.
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Which of the following is not included in the declaration of a property policy?
The declarations section of a property insurance policy typically includes details like the policyholder's name and address, the property's location and details, policy duration, coverage amount, and premium amount. It does not usually include the perils not insured against.
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What information is contained on a commercial property declarations page that pertains specifically to property insurance?
The commercial property declarations page lists the covered causes of loss (basic, broad, or special); the deductible amount; and any optional coverages.
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Which of the following is included in the common declarations page of a commercial package policy?
Final answer: Both a description of the insured property and a listing of the causes-of-loss covered are included on the common declarations page of a commercial package policy. The correct answer is C) both I and II.
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What are the parts of a commercial property insurance policy?
Commercial General Liability (CGL) is the standard commercial liability policy used to insure businesses. There are three primary coverage sections that make up a CGL policy: premises liability, products liability and completed operations.
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