Multiple Choice
Choose the one most appropriate answer for each.
-the amount of money paid for insurance coverage
A) all-risks policy
B) actual cash value
C) broad form (HO-2)
D) endorsement
E) flood insurance
F) form HO-4
G) form HO-6
H) homeowner policy
I) homeowner's warranty
J) inflation guard
K) insurable interest
L) insurance premium
M) insured
N) medical payments
O) new for old
P) old for old
Q) peril
R) public liability
S) tenant's policy
T) worker's compensation policy
Correct Answer:
Verified
Correct Answer:
Verified
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Q56: _ insurance is the foundation of property
Q57: An agreement by the insurance company to
Q58: An insurance endorsement is also known as<br>A)
Q59: To cover personal property and any additions
Q61: If the insured wishes to cancel his
Q62: The money paid for insurance is called
Q63: Generally, a property owner is liable when
Q64: The financial responsibility which one has to
Q65: The New York fire insurance form does