What is the rationale for having a special limit of liability on for example a stamp collection?
A) There is no limit on the liability for a stamp collection.
B) To prevent moral hazard
C) It is difficult to determine the amount of loss.
D) Both B and C
Correct Answer:
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Q1: The replacement cost of a home covered
Q2: The Liability coverage in the HO policy
Q3: Mr. Green's 24-year old son still lives
Q5: Which of the following is not an
Q6: All of the following losses are covered
Q7: The homeowners policy agrees to cover the
Q8: Replacement cost is most closely synonymous with:
A)
Q9: Which of the following is not a
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Q11: The replacement cost of a home covered
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