All of the following statements about the businessowners policy are true EXCEPT
A) Coverage for business personal property includes coverage for leased personal property which the named insured has a contractual responsibility to insure.
B) The amount of insurance on the buildings increases by a stated percentage each year.
C) Additional coverages include pollutant cleanup and removal.
D) The policy must be written with a deductible of at least $2,000 for property losses.
Correct Answer:
Verified
Q18: All of the following are extensions of
Q19: Which of the following statements about the
Q20: The building and personal property coverage form
Q21: There are a number of implied warranties
Q22: All of the following statements about inland
Q24: Reimbursement for spoilage of frozen food caused
Q25: The exterior walls,the roof,and the plumbing,heating and
Q26: Inter-Ocean Transfer owns 12 large cargo ships
Q27: An Inter-Ocean Transfer cargo ship was forced
Q28: Renee is risk manager of XYZ Company.She
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