Which of the following statements concerning coverage under the Homeowners 3 policy is true?

A) If a power failure away from the insured dwelling causes a loss, the loss is covered.
B) If a Coverage C peril causes a collapse, the resulting damage is covered.
C) If an insured peril damages a portion of a pair or set (e.g. matching lamps or end tables), the insurer must pay the full value of the entire pair or set.
D) If a discharge from a home appliance causes the home to flood, the loss is excluded. .

Answer: B

Business

You might also like to view...

Knowing the number of hours needed to make a product is information used in the _________________________.

a. The sales budget b. The production budget c. The labor budget d. The selling, general and administration budget

Business

The shares traded publicly in an efficient market are ________

A) generally positively affected by diversification, because of the reduction in risk B) generally negatively affected by diversification, because of the increase in risk C) generally not affected by diversification, unless greater returns are expected D) generally negatively affected by diversification, because of the increase in the required rate of return

Business