Which of the following statements concerning the coverage of collapse of the dwelling under an unendorsed...

Which of the following statements concerning the coverage of collapse of the dwelling under an unendorsed Homeowners 3 policy is true? (Points : 1)

a. There is no coverage for collapse, regardless of the cause of the collapse.
b.Collapse is covered if it is caused by one of the Coverage C perils.
c. If collapse is caused by an earthquake, the loss is covered.
d. There is no coverage for collapse unless the proper endorsement is added to the policy.

Solutions

Expert Solution

Which of the following statements concerning the coverage of collapse of the dwelling under an unendorsed Homeowners 3 policy is true?

b). Collapse is covered if it is caused by one of the Coverage C perils.

keosha answered 2 years ago

Next > < Previous

Related Solutions

Which of the following statements about covered perils under an unendorsed HO-3 policy is true?

Which of the following statements about covered perils under an unendorsed HO-3 policy is true?a) the dwelling is covered on a named-peril basis but the other structures are covered on an open-peril basisb) both the dwelling and other structures are covered on a named-peril basisc) the dwelling is covered on an open-peril basis but other structures are covered on a named-peril basisd) both the dwelling and other structures are covered on an open-peril basis

Coverage A and Coverage B under a Homeowners 3 policy insure the dwelling and other structures...

Coverage A and Coverage B under a Homeowners 3 policy insure the dwelling and other structures against “direct physical loss.” Explain the meaning of this phrase. Coverage C under a Homeowners 3 policy covers personal property on a named-perils basis. List the various perils that are covered.

1. Which of the following statements concerning Medicare prescription drug coverage is correct? A. It is...

1. Which of the following statements concerning Medicare prescription drug coverage is correct? A. It is a voluntary plan with a monthly premium that may be waived for persons with very low incomes. B. It eliminates the need for formularies by covering all prescription drugs. C. It has a $1,000 annual deductible, after which all drug costs are paid in full. D. It prohibits employers from providing prescription drug benefits to retirees. 2. An organization that has not gained approval...

10. Which of the following statements concerning FAIR plans is correct? A. Coverage in each state...

10. Which of the following statements concerning FAIR plans is correct? A. Coverage in each state is usually written by a syndicate of private insurers that are assessed for any losses of the plan if premiums are inadequate. B. They primarily insure property that fails to meet current building codes. C. They are federal plans that operate identically in every state. D. They are designed primarily for high-value residential property. 11. Which of the following standard, unendorsed homeowners policy forms...

Under the sales article of the UCC, which of the following statements is CORRECT concerning a...

Under the sales article of the UCC, which of the following statements is CORRECT concerning a contract involving a merchant seller and a non-merchant buyer? (A) The contract may not involve the sale of personal property with a price of more than $500. (B) The contract will be either a sale or return or sale on approval contract. (C) Only the seller is obligated to perform the contract in good faith. (D) Whether the UCC sales article is applicable does...

18. What is the most coverage available for a single-family dwelling covered under the emergency flood...

18. What is the most coverage available for a single-family dwelling covered under the emergency flood program? A. Building $35,000 and contents $10,000 B. Building $50,000 and contents $15,000 C. Building $250,000 and contents $100,000 D. Building $300,000 and contents $100,000 19. The uncertainty of a loss possibly occurring is known as A. an insurable interest B. a risk C. a hazard D. a peril 20. The HO-5 provides A. open peril coverage for both the dwelling and personal property...

Which of the following property is covered under the personal property coverage (Coverage C) of the...

Which of the following property is covered under the personal property coverage (Coverage C) of the Homeowners 3 policy? a) a pet dog owned by the named insured b) a bicycle owned by a foster child living with the named insured c) a motor vehicle owned by the named insured. d) a stamp collection insured under a separate policy

Which of the following statements concerning the usual provisions for continuing protection under group term life...

Which of the following statements concerning the usual provisions for continuing protection under group term life insurance contracts is correct? A. Most coverage may be converted if a master contract is terminated. B. Coverage continues for 90 days after termination of employment. C. An employee has up to one year after termination of employment to convert coverage. D. Continuation of coverage under the waiver-of-premium provisions is contingent upon an employee's being totally disabled.

Which of the following statements concerning depreciation is false?

Which of the following statements concerning depreciation is false? a. Depreciation expense occurs because the cost of long-term assets such as buildings and equipment must be matched to the revenues produced by those assets. b. Depreciation expense on the income statement “flows through” to the accumulated depreciation account on (or in the notes section of) the balance sheet. c. The net property and equipment account on the balance sheet is equal to gross fixed assets plus accumulated depreciation. d. Depreciation...

Which of the following statements is correct concerning a SIMPLE plan?

1 Which of the following statements is correct concerning a SIMPLE plan?A SIMPLE plan has more complex administration than a 401(k).A SIMPLE plan has only a few options for employer matching percentages, while a 401(k) has no limit to the matching percentage.A SIMPLE is best used with a large to medium sized company.Both SIMPLE plans and 401(k)s permit plan loans.2 An employer can sponsor both a SIMPLE and a money-purchase pension plan.TrueFalse

Subjects