Losses due to wear and tear are excluded because they are accidental rather than inevitable.
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Q5: The function of the agent is to
Q6: An open-perils policy provides broader coverage than
Q7: Suspension of an insurance contract negates coverage
Q8: Exclusions exist to limit coverage of nonfortuitous
Q9: A named-perils policy usually requires a higher
Q11: Losses that are accidental make prediction difficult,
Q12: Riders are used with life/health policies, whereas
Q13: More insurance is bought rather than sold.
Q14: Liability policies usually cover damage to or
Q15: The earthquake peril requires separate rating and
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