Question: 6. Business income coverage is considered a time element coverage for which one of the following reasons? A. Maximum length of coverage only lasts for

6. Business income coverage is considered a time

6. Business income coverage is considered a time element coverage for which one of the following reasons? A. Maximum length of coverage only lasts for a specific amount of time. B. The average duration of losses is only a few weeks. C. Loss frequency is dependent on the length of time needed to restore damaged property. D. Loss severity is dependent on the length of time needed to restore damaged property. 7. Some large commercial insureds have insurance needs which are not met by standard property forms. These insureds require broader coverage such as that provided by an output policy. Which one of the following statements is true regarding output policies? Under output policies, coverage often extends to materials and equipment only within one mile of the described premises. Almost all output policies either omit or suspend coinsurance requirements. Output policies typically do not provide coverage for personal property on the insured's vehicles. Output policies cover buildings and other structures, but exclude personal property

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