Doug's BOP on his fishing guide business excludes property losses due to the wakes of other fishing boats. This is an example of the ____ approach to property insurance.
A) foreseen risk
B) reasonable-person standard
C) named-peril
D) insurance-to-value

Question

Quizplus · Accepted Answer

The exclusion for losses due to the wakes of other fishing boats is a specific named peril that is excluded from coverage under Doug's BOP. The named-peril approach to property insurance specifies exactly which perils are covered and which are excluded.

Doug's BOP on His Fishing Guide Business Excludes Property Losses