Multiple Choice
Choose the one most appropriate answer for each.
-an agreement by the insurance company to extend coverage to perils not covered in the basic policy
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
Q31: The concept of insurance is to<br>A) reimburse
Q32: Choose the one most appropriate answer for
Q33: If a property is rented, the landlord
Q34: Choose the one most appropriate answer for
Q35: Among the following, who does NOT hold
Q37: A landlord package policy provides coverage for<br>A)
Q38: In a typical homeowner's policy, section I
Q39: Flood insurance can be purchased for<br>A) structures
Q40: Choose the one most appropriate answer for
Q41: A typical homeowner insurance policy does not