Identify the homeowners Section II condition that provides coverage separately to each insured, although the total available for any one occurrence is the limit shown in the declarations.
A)"Severability of insurance"
B)"Suit against us"
C)"Bankruptcy of an insured"
D)"Limit of liability"
E)"Duties after loss"

Question

Quizplus · Accepted Answer

"Severability of insurance" means that the insurance applies separately to each insured. This is important in situations where claims involve multiple insured parties, ensuring that each has coverage up to the limit specified in the policy, though the total payout for any single occurrence won't exceed the overall limit stated in the declarations.

Identify the Homeowners Section II Condition That Provides Coverage Separately