Multiple Choice
Which of the following statements regarding the Coverage E limit in the homeowners policy is true?
A) It is an aggregate limit,and once the amount paid for one or more claims reaches the limit,no additional coverage is provided.
B) The limit applies only if a court orders the insured to pay-there is no coverage for settlements reached out-of-court.
C) Any legal defense costs incurred by the insurer are counted against the limit of liability.
D) The limit applies on a per-occurrence basis so more than the limit could be paid during the policy period.
Correct Answer:
Verified
Correct Answer:
Verified
Q8: Robert purchased an unendorsed Homeowners 3 policy.He
Q9: Liability arising out of which of the
Q10: Which of the following statements about an
Q11: Which of the following statements is true
Q27: For which of the following situations would
Q28: Tom and Tammy Evans were ready to
Q31: Factors that affect the cost of homeowners
Q34: Gail lives in southern Illinois,near the New
Q35: Which of the following statements is (are)true
Q36: Tom is planning to build a home.He