An insured's $3,000 outboard motorboat is struck by lightning. Under the insured's homeowner policy the insurer will 1. limit coverage for the loss to $500 2. pay up to the policy limit allowable for boat coverage 3. cancel the policy 4. deny the claim

An insured's $3,000 outboard motorboat is struck by lightning. Under the insured's homeowner policy the insurer will 1. limit coverage for the loss to $500 2. pay up to the policy limit allowable for boat coverage 3. cancel the policy 4. deny the claim

EBK HEALTH ECONOMICS AND POLICY

7th Edition

ISBN:9781337668279

Author:Henderson

Publisher:Henderson

Chapter15: Medical Care Reform In The United States

Section: Chapter Questions

Problem 2QAP

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An insured's $3,000 outboard motorboat is
struck by lightning. Under the insured's
homeowner policy the insurer will
1. limit coverage for the loss to $500
2. pay up to the policy limit allowable for
boat coverage
3. cancel the policy
4. deny the claim

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