Which of the following statements about the causes-of-loss special form of the ISO commercial package policy is (are)true?
I.The causes-of-loss special form provides open perils coverage and insures against direct physical loss.
II.The causes-of-loss special form excludes loss caused by earthquake.

Question

Quizplus · Accepted Answer

The causes-of-loss special form of the ISO commercial package policy provides open perils coverage and insures against direct physical loss, which makes statement I true. However, statement II is false because the causes-of-loss special form does not exclude losses caused by earthquakes. Therefore, the best answer is C, both I and II.

Which of the Following Statements About the Causes-Of-Loss Special Form