Atlassian Agile Project Management Professional Certification Practice Exam

Which is a principal advantage of writing commercial property insurance on a blanket basis?

It automatically eliminates all coinsurance requirements It allows one limit to respond where needed among covered property subject to the blanket It allows different causes of loss forms to apply independently to each item under the same blanket limit It guarantees replacement cost valuation for all covered property

Correct Answer:

It allows one limit to respond where needed among covered property subject to the blanket

Explanation:

Blanket coverage applies one limit across more than one item, property type, or location, allowing the limit to respond where the loss occurs. Blanket coverage does not automatically eliminate coinsurance or guarantee replacement cost.

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