An insurance company is liable for claims only up to the limits of the policy.
Correct Answer:
Verified
Q7: Reimbursement for a loss is called
A) subrogation.
B)
Q8: A property owner always has an insurable
Q9: Any false statement on an application allows
Q10: Insurance may be sold only by an
Q11: Any increased risk caused by the insured
Q13: In an insurance contract, the person buying
Q14: The amount of an insurance policy premium
Q15: A person who fails to file an
Q16: Damage caused by rioters is covered by
Q17: An all-risk policy will cover loss of
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