Which of the following statements concerning the scheduled personal property endorsement with agreed value loss settlement?
I.The endorsement provides "all-risks" coverage on the scheduled property.
II.Losses under the endorsement are settled on an actual cash value basis.

Question

Quizplus · Accepted Answer

The first statement is true as the scheduled personal property endorsement provides "all-risks" coverage on the scheduled property. The second statement is false as losses under the endorsement are settled on an agreed value basis, not on an actual cash value basis.

Which of the Following Statements Concerning the Scheduled Personal Property