Which of the following statements is correct about perils in property insurance policies?

Q: Identify how life insurance fund appears in the financial statements? a. The debit side of the…

A: Life Insurance Fund- It is a fund which helps the entity in making payment for its obligation which…

Q: What source of foreclosure leads comes with a built-in sense of trust and credibility with the…

A: SOLUTION-   FORECLOSURE  IS THE ACT OF A LENDER , ESPECIALLY A MORTGAGE LENDER , TAKING THE…

Q: n the context of home insurance coverage, it is correct to say that: * If damage from a fire or…

A: Home insurance can be defined as that insurance which enables an insurer to get the loss covered in…

Q: Is disaster insurance unfair to insurance companies ? Explain your answer and provide an example.

A: Disaster Insurance The meaning of disaster insurance is is different from the life insurance which…

Q: How does Life and Non Life Insurance can save or protect the assets of its policy holders? Cite at…

A: Life Insurance and Non-Life Insurance are the policies provided to the policyholders for protecting…

Q: Which one of the following statements is correct with respect to the Building and Personal Property…

A: A commercial insurance policy that protects against against unintentional damage to owned buildings,…

Q: ne purpose of casualty policy’s condition section is to list the property that is to be covered…

A: Casualty policies are taken to prevent the the company from liabilities arising out of damage or…

Q: Risk and premiums for homeowners policies look at all of the following, EXCEPT: a) The results of…

A: The question is based on the concept of homeowners insurance policies and its premium calculation.

Q: Insurers in California are required to offer ________ coverage to consumers due to the substantial…

A: An insurance is a scheme which is availed by consumers to get protected against a particular risk.…

Q: In what circumstance would a property insurance claim be rejected?

A: An insurance claim is a written request for coverage or compensation from an insurance company for a…

Q: For the following definitions, indicate the type of trust being described by selecting the correct…

A: Blind Trust Life Insurance Trust Living (revocable) Trust Trust for minors

Q: Losses due to destruction of personal property are covered by (choose the best answer) Personal…

A: Personal insurance : It is the insurance against risk or person's life , health etc. Life insurance…

Q: in insurance terminologies this means that a life insurance policy has been paid and active?

A: In insurance terminology premium means that a life insurance policy has been paid and active.

Q: Homeowners policies have limits for items such as rare coins and jewelry. Which of the following…

A: If an individual owns some expensive items like antique articles, jewelry, fine arts, etc. then such…

Q: The PRIMARY function of an umbrella liability insurance policy is to provide coverage for   • A.…

A: Umbrella Insurance is extra insurance that provides protection beyond existing limits of other…

Q: Eden Orchards, the insured under a policy with Farm Insurance LLC, files a claim for a covered loss.…

A: Answer

Q: What type of property insurance would cover injury to a repairperson on your property?  A.…

A: Given, A. Meaning of additional living expenses coverage,  It is a important part of the maximum…

Q: What FACTORS affect the cost of homeowners insurance? - age of dwelling - insured or spouses highest…

A: Insurance is the protection that is provided to an individual or corporation from financial damage…

Q: In order to have an insurable risk, all of the following must be present except? a. The loss must be…

A: Introduction: Risk can be characterised in terms of the uncertainty of future consequences resulting…

Q: When planning life insurance coverage, you should differentiate between ongoing expenses and…

A: The question is based on the concept used in planning life insurance coverage, Life insurance policy…

Q: a. Identify and explain the basic perils insured under a Standard Fire Policy. Name any three extra…

A: a. Standard fire insurance policy is the policy that is taken by the insured to cover the losses…

Q: Finance All of the following are examples of liability coverages, except: A Debris removal B Medical…

A: Liability insurance protects businesses and individuals from legal action or lawsuits for…

Q: Choose one example of an asset, and referring to the characteristics of assets, explain why your…

A: Assets are property of the company which provides economic benefits to the company. A liability…

Q: A land development company that wants to protect itself against bodily injury liability claims…

A: An insurance is referred to as the contract, which used to represent through the policy, where an…

Q: Which area is not protected by most homeowners insurance? The home Your view Loss of use Personal…

A: Home insurance is a financial arrangement to cover the financial loss due to destruction and damage…

Q: 2. When two or more policies cover the same loss, the right of the one insurer to call upon the…

A: The following are some of the Principles of Insurance Principle of Contribution Principle…

Q: The standard homeowners policy contains both property and liability coverages.    True or False

A: The standard homeowners policy can be defined as the contract between insurer and the insured where,…

Q: It refers to the right of mortgagor to redeem the mortgaged property after his default of the…

A: The question is related to the choose the correct option for the given statement. Redemption means…

Q: Company

A: Insurance is defined as a financial arrangement between the insured & the insurance company…

Q: If the owners of building insured under commercial general liability policy purchase another…

A: Insurance comes into effect as per the insurance agreement on the payment of additional premium.

Q: Choose the correct. Which of the following must be provided to every potential buyer of a new…

A: New security are issued by the companies which are required of capital. This securities are issued…

Q: Supplemental coverage for homeowner's insurance is available through endorsements. Which one…

A: Supplemental coverage for homeowner's insurance is available through endorsements. These are the…

Q: In Property and Casualty insurance when must an Insurable interest exist? O a. At the Start of the…

A: Life insurance covers the risk of life of insured. Non-life insurance may cover people, property or…

Q: It would be the owner's responsibility in the management agreement to: Require the manager to keep…

A: The correct answer for the above mentioned question is given in the following steps for your…

Q: STATE: Which of the following statements regarding homeowner's irsurance is true A. The listing…

A: Homeowner's insurance policy is the insurance policy for your home. It generally covers any…

Q: Which of Ike following statements is CORRECT about he Missialement of Age provision in a health…

A: The misstatement of age clause is the provision under the life insurance policy that clears the…