Solved

Fred's Homeowner's Insurance Policy Requires Fred to Have a Working

Question 85

Multiple Choice

Fred's homeowner's insurance policy requires Fred to have a working sprinkler system.Fred's sprinkler system breaks.Before he can get it fixed,there is a fire.Who is responsible for Fred's losses?


A) Fred
B) The insurer
C) It depends upon whether Fred was at fault for the sprinkler breaking.
D) Each pays 50-50 because Fred must share liability since he failed to follow policy conditions.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q80: In 2001,Tom purchased a home with a

Q81: Mary submitted an application for life insurance

Q82: If an insurance applicant sustains losses after

Q83: Which types of losses are least likely

Q84: A homeowner's policy typically will cover damage

Q86: Joe's home is damaged both by a

Q87: Elvisco,Inc.owns the building that houses its business.Elvisco

Q88: If the insured misrepresented material facts in

Q89: With respect to property insurance,the insurable interest

Q90: What lawsuit should an insurer file to