Multiple Choice
Choose the one most appropriate answer for each.
-a financial interest that can be insured
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
Q21: Choose the one most appropriate answer for
Q22: An endorsement that periodically increase insurance coverage
Q23: A typical HO-A homeowner's policy covers damage
Q24: Coverage under any homeowner policy can be
Q25: The war clause exemption in property insurance
Q27: "New for old" means that the policy
Q28: Actual cash value is the new price
Q29: "Old for old" means that the policy
Q30: The purchaser of a new home may
Q31: The concept of insurance is to<br>A) reimburse