Arkansas Insurance Adjuster Practice Exam

Under the Earthquake and Volcanic Eruption endorsement in a commercial property policy, what is the time span within which multiple earthquake or volcanic events are considered a 'single occurrence' for coverage purposes?

1. 48 hours

2. 72 hours

3. 168 hours

4. 7 days

The correct answer is: 72 hours

This is because the Earthquake and Volcanic Eruption endorsement typically defines a 'single occurrence' as multiple events that happen within a specific time frame, and 72 hours is the most commonly used time span. The other options are incorrect because they either do not fall within the standard time span or are too similar to other options (such as 48 hours and 2 days being equivalent and 7 days being a larger timeframe). It is important to closely review the policy language to determine the specific time span stated in the endorsement, as it may vary depending on the insurance company and policy.